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95% of NFTs are Worthless: Report
(petapixel.com)
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The problem I see with it being a third "political party", is that it would still have to get past the gerrymandering, the FPTP, and the general issue of financing.
In representative democracies, that "representative" part is so often set up with extra hoops in a way that counters any attempt at direct democracy. It's... a curious coincidence.