TL;DR: The NFT market has drastically declined since its peak in 2021, with most NFT collections having no value. There’s an oversupply of NFTs, leading to a buyer’s market, and environmental concerns due to energy consumption. Top NFTs also struggle to maintain value, and the future of NFTs depends on utility and genuine value rather than speculation.

  • Mr_Blott@feddit.uk
    link
    fedilink
    arrow-up
    37
    ·
    1 year ago

    I can assure you if you were watching a programme that was hyping nfts, you weren’t watching “news”

    WTF is up with your media over there?!?

    • Pons_Aelius@kbin.social
      link
      fedilink
      arrow-up
      33
      ·
      edit-2
      1 year ago

      WTF is up with your media over there?!?

      Once again, so many things currently wrong with the USA can be traced back to the Regan administration.

      The fairness doctrine of the United States Federal Communications Commission (FCC), introduced in 1949, was a policy that required the holders of broadcast licenses both to present controversial issues of public importance and to do so in a manner that fairly reflected differing viewpoints.[1]

      In 1987, the FCC abolished the fairness doctrine

      The demise of this FCC rule has been cited as a contributing factor in the rising level of party polarization in the United States

      After that news programs had no responsibility to be truthful in any real sense.

      • gaael@beehaw.org
        link
        fedilink
        arrow-up
        10
        ·
        1 year ago

        Thanks for this educational post, TIL I learned something interesting (and sad/infuriating).

        • Pons_Aelius@kbin.social
          link
          fedilink
          arrow-up
          9
          ·
          1 year ago

          Cheers.

          I wasn’t joking when I wrote this:

          so many things currently wrong with the USA can be traced back to the Regan administration.

          • Mr_Blott@feddit.uk
            link
            fedilink
            arrow-up
            3
            ·
            1 year ago

            What, like your education system is so bad you can’t even spell the names of your presidents? 😂

              • Pons_Aelius@kbin.social
                link
                fedilink
                arrow-up
                2
                ·
                1 year ago

                Nah, that was just a spelling mistake from a non-american, I have never heard of Donald Regan (and don’t know if that is a joke or not)

                • tburkhol@beehaw.org
                  link
                  fedilink
                  arrow-up
                  3
                  ·
                  1 year ago

                  No sweat, friend. I was just using the opportunity to extend the “It’s all Reagan’s fault” train. And Donald Regan was a real guy appointed by Ronald Reagan. They didn’t have the diversity of names we do now, so a lot of them repeated, rhymed, or required a middle initial to differentiate. Like all the George Bushes - GWB, GPB, GHWB…

            • Pons_Aelius@kbin.social
              link
              fedilink
              arrow-up
              3
              ·
              edit-2
              1 year ago

              I am not american…

              It is possible to know the history of another country but get something wrong occasionally.

              Correcting spelling mistakes is the lowest rung of internet comments…

          • Pons_Aelius@kbin.social
            link
            fedilink
            arrow-up
            2
            ·
            1 year ago

            From some reports I have read about his time in the white house it had definitely started before he left office.

            • FIash Mob #5678@beehaw.org
              link
              fedilink
              arrow-up
              1
              ·
              1 year ago

              That’s probably likely, but I mean like… full-on, undeniable, this guy can’t run the country Alzheimer’s.

              Not that it would have mattered a ton. Bush was just as corrupt, but who knows? All we know in retrospect is that Reagan was an absolute atrocity for the working class in this country.

              • Thisfox
                link
                fedilink
                arrow-up
                1
                ·
                1 year ago

                I’m not convinced the yanks had anything in place to deal with that. Look at recent demented presidents.

              • Thisfox
                link
                fedilink
                arrow-up
                1
                ·
                1 year ago

                I’m not convinced the yanks had anything in place to deal with that. Look at recent demented presidents.

                • nyan@lemmy.cafe
                  link
                  fedilink
                  English
                  arrow-up
                  1
                  ·
                  edit-2
                  1 year ago

                  I believe there’s an act covering presidential disability, dating from long before Reagan, due to a president’s wife having effectively run the country for a couple of years while her husband was too ill to get out of bed. That would probably cover obvious and serious dementia as well. (Not my country, though, so I may have it wrong.) Problem with the recent Republican presidents is that their insanity is plausibly deniable, if your worldview is damaged enough already.

      • FIash Mob #5678@beehaw.org
        link
        fedilink
        arrow-up
        4
        ·
        1 year ago

        They shilled for NFT’s too.

        I couldn’t get over how silly it sounded to spend actual money for what amounted to a screenshot.

    • nilloc@discuss.tchncs.de
      link
      fedilink
      English
      arrow-up
      6
      ·
      1 year ago

      You mean the guy who owns of hundreds of local, national, and international publishing outlets around the world, including in the UK (The Sun and The Times), in Australia (The Daily Telegraph, Herald Sun, and The Australian), in the US (The Wall Street Journal and the New York Post), book publisher HarperCollins, and the television broadcasting channels Sky News Australia and Fox News (through the Fox Corporation). He was also the owner of Sky (until 2018), 21st Century Fox (until 2019), and the now-defunct News of the World?

      We shouldn’t of let him in, but we didn’t create him.