And even then Marbles and Trading Cards can be used for another purpose. You can play games with Marbles and Trading Card Games are insanely popular. All you can do with an NFT is have a d*ck measuring contest over whose is worth more.
I just dont understand who the fuck is STILL buying this shit... Like the fact that all these nft scams make millions yet the nft scene is even smaller than the crypto scene.. If the scene is so small and millions are being scammed. I cant help but feel its the same group of super retarded people who keep buying and buying these things in hopes that it will take off. Because anyone with 1 braincell would see how many scams are going on and stay as far away from nfts as humanly possible unless you just wana lose your money.
imagine paying an absurd amount for a randomly generated character creation jpeg instead of like... hiring an art team for infinitely cheaper to create unique original characters
The whole point of this is to pretend like the NFTs have value. It’s a marketing strategy. They could probably just make the show anyway, but it would require they admit how useless these tokens are.
Imagine paying money for a piece of code on a blockchain that links to an ipfs with info on a picture that somebody created and still owns the copyright to. Cos that's basically what an NFT is.
The best part about this is nobody feels even a little bad. Normally if someone got scammed people would have a little sympathy, but since it's NFTs, everyone is just laughing and rubbing fistfulls of dirt in the wounds.
You'd think this guy would have been a bit more careful with an NFT if he needs it for a show, but what else would you expect from someone participating with NFTs? the only possible outcome is some truly sand-brained moves.
How do you know it was him? It could have been someone on his staff with improper access control who was phished. That's why organizations (even small ones) need to be very careful with who has access to what. The days of giving CEOs and other C-level executives ultimate control over the systems have been over for at least a decade. A solid functioning IT security department would have made sure that proper access was given, and very few people would have access to the systems that would allow them to transfer ownership. A good security department would have had 2FA installed with SSO using a third party tool like Okta or Auth0. This was just pure laziness on the organization's part, and not so much Seth's fault, other than hiring bozos who don't know how to manage security even on the most basic level.
He doesn't need it for a show. the guy that stole the NFT doesn't own the copyright that's not what NFT's are. But he can hardly say OMG somebody stole my IPFS link to some useless info on a JPEG they don't own and can do nothing more with than sell to some other rube who thinks they are cool but are being fleeced out of their money.
@@BitwiseMobile Those are all very good points, however do we know that this wasn't a personal asset? If this was a personal asset, depending on how the legal entity/entities developing the show are registered and his relation to them, would that not then be something along the lines of a conflict of interest to have the company perform administrative duties for his gain? That's outside my wheelhouse, and I think there exist scenarios where this would be fine (like if the NFTs belonged to a private legal entity that Seth Green owned), but I don't think we can assume that this is a given and that everything was structured in a way where enterprise-level security was realistic.
... You know, I'm suddenly reminded of the fact that Seth Green was Scott in Austin Powers, right? AKA... the Diet Coke of Evil. Meaning that once again, Scott has disappointed his dad in terms of Evil. Heck, I'm pretty sure Dr Evil would call NFTs a lame form of evil.
Ah, I got it now after the Wild Wild West comparison! NFTs are like the American Gold Rush, but the stuff worth money isn’t tangible gold with real-world value and uses, but jpegs instead with pretty much no real practical value or uses. And the projects built by people around NFTs are the Boomtowns that almost all ended up abandoned. At least nobody’s died of dysentery yet with NFTs. Yet.
That... is not a bad comparison, the only ting different is that the Boomtowns were made around people that tried to discover the precious stuff, in this, the Boomtowns are full of general stores that try to sell them and try to make you believe that they are worth something.
you dont know how easy it is to steal an nft. you send the target a free fake nft with malicious code in it. the target opens the free nft cause of course he does, he is in the space because he is an idiot. the malicious code sends the target's nft to your account. you sell the "stolen" nft. the non fungible token has been funged.
counterpoint to the conspiracy theory: do you think a person who fell for crypto and nft is smart enough to make a conspiracy like that? and the end result: people laughing at him
To be fair I heard about this show being made before this... not that I would have watched it. I hate NFTs and this is the best possible outcome for all the companies trying to push this trash and the metaverse
Update: The buyer of the BAYC jpeg lives in Australia and has stated that he has no plans for the jpeg, and won't just return it out of the kindness of his heart. Darkwing spent $200k on said jpeg so my guess is that he'll want at least that much from Seth Green to return it.
@@kethmarhkfy7luf.263 If it were something physical we're talking about, sure. But we're talking about a receipt that points to a database entry associated with a jpeg. Combine that with the fact that pretty much everything that exists on a blockchain is completely unregulated. It's almost a sure thing that nothing will happen. After all, to use the line the Crypto community always uses to deflect criticism... "Code is law". Which means that whatever the blockchain says goes. And according to the blockchain, the BAYC NFT was transferred by "Seth" to a third-party who then sold it to Darkwing and according to the blockchain, those two transfers were both legal since there's no protections against scams etc.
@@kethmarhkfy7luf.263 buying a stolen car off Craigslist isn’t aiding a crime, it’s happened a countless number of times and that’s something with tangible value
@@kethmarhkfy7luf.263 he's not committing a felony. It 'belongs' to him now. There's no governmental authority or regulation over NFT exchange. The real theft is from the people who 'sell' NFTs.
@@kethmarhkfy7luf.263 hahahaha “the US will extradite him” the US barely bothers to extradites murderers much less some guy that bought stolen “property”
@@cavemanteroit is illegal in both Canada and the USA to purchase stolen property and it can be seized by the police ....however you ain't ever gonna be able to prove that it really happened on A deregulated electric market
Before NFTs really blew up, I got an advertisement for minting my own art as NFTs (thanks Google algorithms). I originally thought they were trying to sell me an alternative way to copyright my work, but it didn't seem to be very secure. Boy was I right about that last part.
Now, here's an interesting thought: If he or anyone else makes a show like this, can they even have the monkey emote? Like, isn't another NFT of that monkey that looks basically the same, with the same fur, outfit, etc, etc, but the second he changes the monkey's mouth or eye shapes for emoting purposes, it might well all of a sudden be a perfect match for a different NFT.
Just because NFT’s are represented as pictures it doesn’t really mean that. In a case like this I’d say the NFT is like the original concept art and giving you ownership of replicas. Like someone taking your character and then drawing a different set of facial features or limb positions on the exact same body likely wouldn’t be different enough from the original to be considered an original artwork on its own
@@overthrone3494 art not made by a human is not copyrightable. There is a good argument to be made that randomly generated NFT images cannot have their own copyright.
They don't own the copyright or commercial rights to the pictures. They own a piece of code on a blockchain that links to some info on the JPEG that's it. nothing more nothing less. Well actually it's more or less nothing they own. But hey who am i to tell people how to spend their money.
@@thierryfaquet7405 US court has already determined that AI generated art is non copyrightable due to not being created by a human. This is definitely different though, there is no AI here, this is just a script being used to arrange human created art in different configurations, something very basic which if made non copyrightable would probably fuck over anyone creating digital art as it could be argued that the computer did the work there.
I love how the whole point of the block chain is to verify you own said NFT, yet it seems everyone and their mom keeps getting their NFTs stolen, so how is the block chain supposed to work again?
It has nothing to do with the blockchain, just like it isn't Ford's fault your car is stolen if you hand someone your keys. No matter how idiot proof you make something a bigger idiot always comes along.
Well the purchase of stolen property is illegal in both Canada and the USA and it can indeed be seized from you by the government....this digital shit ya good luck getting the police to move on them. And if it is seized as evidence it's just as hard to get it back from the police
Conceptually, NFTs were supposed to be a great thing for artists and creatives; The rise of digital media meant that artist couldn't actually sell 'originals' and their best tool were limited runs (of prints, pins, or whatever it is they sell). It does in fact makes a lot of sense when you consider there were already plenty of 3D markets where you could buy models, textures and rigs to make your project (movie, game, short, whatever) much easier. It ended up being an enviromental catastrophe, led by AI generated generic and samey .jpegs, and the wet dream of many wannabe bussiness bros who couldn't tie their shoes without an instructions manual. I'm glad the ship is sinking, even if a little sad it was (potentially still is) allowed to sail for this long.
@@Capnsensible80 yup and it came back to bite them i understand that sometimes the general public really do undervalue artists and the art they do so they wanted a way to actually be payed the value they deemed right for them, but because they started the concept of nft's and alot of other people who knows how the digital media market works better than them it just became a hot mess then, the "concept" they tried to work for ultimately became their downfall and their art now has a scummy view by the public eye because of it
Conceptually NFT's were a scam. Realistically, they are also a scam. This shit was NEVER about the artists, and all about uncreative people abusing artists to make money. That's it.
Would they actually have any obligations as insurance? Or would it be completely unenforceable. Make the insurance contract another nft and when they go to claim, send it to them so they are their own insurer.
The funny part is that the second that a government steps in to return it, it also undermines NFTs. If you can get it back like that there is no longer any point in it being decentralised. Regardless what happens it is horrible for NFTs.
I'm fucking thrilled this happened... I really don't want NFTs to get any bigger... the whole concept seems insane to me... I don't wanna have to invest in make-believe stocks to be able to play a game or watch a show in the future
NFTs are stored in a digital wallet. If someone gets access to someone else's wallet with a phishing scam they can transfer everything out of it. Just one of the many reasons why cryptocurrency is dangerous and stupid.
Technically if he found out who scammed him he could talk to the FBI about making a arrest, but it's the same thing with tech support scammers if you fall for the scam it's really hard to get any kind of justice and you can count your stolen money goodbye unless the scammer is in the same country as you then you could sue
@@Letsberealish just because something is digital doesn't mean it's not real, everything has traces, if you steal my steam account I could have you arrested as long as I can prove theft, which I can because they email you digital records of all transactions, you can also track ownership of profiles including wallet profiles for crypto, I'm not saying nfts aren't stupid, I'm just saying that it is possible to punish this offense as long as you have the meta data to prove theft
Thing is with one of them being sold it doesn't matter about if they find the guy that stole it as someone has bought it and it is now there's because that's how nfts worl
@@danielshore1457 You can sue the theif for compensation if you found who scammed you, just like with non-digital crime, that's why I said "If he found out who scammed him"
It would be so f*cking funny if Darkwing84 would send the nft to a burning address so it would be gone forever or even more funny Darkwing84 is a russian citizen so that would mean Green buying it back from Darkwing84 would be a crime because they are sanctioned... 😂🤣
Fun fact: an NFT is not a JPG, it isn't even an image. An NFT is a number, a fictional space in a database represented by the image So buying an NFT is equal to buying the space around a painting in a museum but not the actual painting And then proceeding to sell it like you're selling the picture:) that's funny
Not quite. The blockchain is tied to an actual asset. That asset could be physical and/or tradeable (fungible). The image does point to the blockchain (your database analogy), but there is no central database or authority with the blockchain. It stands on it's own. The blockchain is tied directly to the asset. If you own the blockchain, you own the asset.
The most fitting analogy that i've seen is, "You don't own the art, you own the receipt." You have the evidence of owning and purchasing the NFT but not the actual artwork itself.
The line they always use is "Code Is Law". Which means that if the blockchain accepts the transfer, it's legal according to the blockchain. But they always seem to overlook the fact that detecting illegal activity (unless the criminal in question is being stupid about it) is very difficult under ideal circumstances... And due to the profit incentives inherent in the current landscape of NFTs, the developers usually won't bother implementing more than the most low effort, token gesture to protect NFT holders.
Honestly, it would be funny if the guy basically sold limited rights back to Seth to use the NFTs lol. it'd be sketchy but, that'd be a solid investment LOL
I made a long post explaining why, but that likely wouldn't work. As long as one state has a sales act (or equivalent legislation) which stipulates that the actions of both parties can imply a contract, then the transaction is unenforceable based on the doctrine of unconscionability. A judge could issue a declaratory judgment affirming Seth's rights to use the image, though I don't know that they could enforce anything relating directly to the blockchain (like the return of ownership of the nft on the blockchain)
"What if he was from Russia?" Well, some nft platforms have sold all nfts Russian users had and donated that money to ua. It would be fun to see this guy suing ukraine for his "stolen" nfts
As someone who's always liked Seth, this makes me sick like I've been punched. Not that this happened to him; that he got involved in NFTs to begin with. What level of stupidity does it take to allow your creative projects to be tied up in NFTs? Count on this: if I finish any creative project ever, it will have NOTHING to do with NFTs, and anybody who tries to convince me in that direction will be forcibly removed from my path. This is just basic sense that any person with above a 90 IQ should know instinctively.
Ultimately, the only precedent that matters in these cases will be the Supreme Court precedent about copyright in regards to images not produced by humans. Bored apes are produced by a computer program, not a human. Per the SCOTUS decision in regards to PETA and a monkey that happened to take a selfie with a dropped camera, and the photographer owner of said camera, only humans can create copyrighted material. NONE of the Bored Ape NFTs have a copyright to sell, lease, or trade because NONE of the Bored Ape NFTs are actually produced by humans. This is why sports NFTs DO have copyrights (that they lease, not sell) because a human had to take the video then go in and edit the video to create the NFT.
Imagine being seth green, having worked in tv and movies and produced tv shows before. Imagine willfully agreeing to attach all your ip rights to a easily stealable token instead of, not doing that which is standard. I cant believe so many people are so staggeringly dumb.
Growing we were always told that 'ownership is 9/10ths of the law', so that if a dispute arises about who owns a thing, the party who actually poseesses it or holds title it is going to have the strongest case and its up to the other parties to prove otherwise
There is alot of talk about the copyright to the NFT but there have been several rullings in the U.S. that A.I. generated art is not subject to copyright. So there was never a copyright in the first place.
Honestly nft insurance would be a horrible business decision... since people get scammed on the daily and eventually the insurance will go broke. The reason why normal insurance works is because actual accidents are rare, but nft scams are so common and with high losses that it'll be unsustainable to own a nft insurance company.
Asmon: "I had a friend... And he was a drug dealer...." My inner dialogue: "Well shit I can't wait to see where this is going." I would absolutely love to hear Asmon relay more stories about his drug dealing buddy.
@@Stevenbustamento haha good point and definitely fair enough. I just meant from a curiosity standpoint and an affinity for the way Asmon tells stories.
@@muchachogrande2019 was 25 with about 50K CAD saved up (more like 45K) and nothing to show for it. couldn't get a mortgage. Had nice stuff like furniture and a nice car but I literally couldn't take that next step in life and get a mortgage. So I decided to get into the trades before it was too late. And I started getting pretty paranoid that my time was running out. My friends were finishing university and I was still just hustling. Women weren't as impressed anymore either. Finding a girlfriend as a 20 year old drug dealer, the young chicks love that stuff, the "dangerous" guy (really, I'm a lil nice white dude, not dangerous). It was like a cheat code for getting good looking women. But when my ex finished her nursing degree (which I paid for) and she left cuz now me being a big timer wasn't so impressive... I had to get into a trade or something. And now I'm 32 and own a home and have an apprenticeship. /lifestory. I also went through addiction during that time but came out of it sober, but that's another story entirely.
my first thought would be for Darkwing to lease the usage rights to Seth Green in exchange for royalty payments. Seth gets his show, Darkwing gets paid, everyone wins.
Imagine for a second a marketing plan...... Seth Green has someone "buy" the NFT and ramp up the drama about it on the internet to get publicity and for people to hear about it... then ramps it up and ramps it up then the person gives it back or he "buys" it back from them and then the show releases....and people feel they need to see it because the main character (bored ape) has so much drama behind it
The cops can't take it from you if you didn't KNOW it was stolen when you purchased it Because doing so would be theft under the law because you acted in good faith They would have to PROVE that you knew it was stolen when you purchased it
This whole ordeal can be applied to the act of money laundering: if you steal cash and filter it through the cash system of a country, technically the cash is no longer illegally obtained. If you recycle your stolen cash through a business you own and the business pays back the cash in a legal manner, then technically you own the money. Same goes for these NFTs: Seth got his apes stolen, the thief sold them off and gained an amount of cash and the buyer got the apes. It's perfectly legal, on a technical standpoint, for they got filtered through the blockchain as a transaction. As it was said: the best thing about the unregulated market is the lack of regulations. The worst thing about it... Is still the lack of regulations.
There is a lawyer on youtube that has talked about this. Basically, from what I remember computer generated "art" is not recognized by USA law. The art has to be human generated. This has actually went to court about a monkey who made art, and it was not seen as such by the court. Yes, Peta took it to court for the monkey. Basically, nobody owned the rights because it wasn't human made.
Goddamn it, I respected Seth Green once. I don't know what I'm more disappointed about, that he tried to become a cryptobro and make a cringe NFT show or that he tried to do it but fell for a fucking stupid scam. At least it seems like he's laughing about it, I guess he doesn't take it that seriously in the first place
I was just thinking about this. Wouldn't trying to claim ownership assert that it is tangible and therefore start to create a foundation for allowing precedents of sorts (like wire fraud) to matter a whole lot more? There's just something strange about theft somehow not being illegal but claiming ownership is totally okay. If push comes to shove I'm sure Seth Green has enough resources to at least start a complicated litigation case. Maybe it'll be cheaper in the long-run to cancel the show instead of pursuing this route, I'd be curious to hear what an expert thinks though
Stolen items that were bought in good faith by another party who didn't know it was stolen is generally legally theirs. Tough luck, Seth. Maybe next time have actual property that isn't a set of 0's and 1's.
NAL but an "old" Canadian Criminology student with years of experience in real-estate (so I've dealt with a lot of lawyers surrounding ownership; It's not the same, but some underlying principles apply). Unconscionability is a doctrine in contract law which, among other things, renders contracts voidable when using misrepresentation of fact to deprive someone of a valuable possession. There's a decent amount of judicial discretion involved, but this is at the core of many lawsuits where deception was used to obtain a signature (lawyers sometimes like to leverage that threat in real-estate when they think the lender's representative doesn't know better). The price for which one of them was already sold substantiates the a claim that they do in fact have monetary value. These components on their own are irrelevant, however consider the fact that the main argument for crypto is that the "blockchain doesn't lie", the blockchain serves as proof of a transfer of goods. This by definition (and this does vary by location but for a specific answer you would need to establish which jurisdiction the case will be filed in, and Americans can, as far as I know, file in any state they please regardless of where in the US they live) constitutes a contract according to the BC (where I live) Sales Act: "Subject to this or any other Act, a contract of sale may be made in writing, either with or without seal, or by word of mouth, or partly in writing and partly by word of mouth, *or may be implied from the conduct of the parties."* There's already plenty of precedent when it comes to arbitration over digital goods, so assuming at least 1 state in the U.S. has a clause similar to the sales act I referenced above, odds seem very good that Seth would have legal standing and a good case for his Ape situation. The only thing I can see coming from this though is a Declaratory Judgment, which basically clarifies the rights of the parties involved and nothing more. His ability to sell the NFT is gone because a court can't enforce (as far as I know) the return of the ownership on the blockchain but they CAN determine that he's the rightful owner, shielding him from any attempts to extort him in the future by claiming that his show infringes on anyone else's rights. As for the BYAC's licensing agreement, it's irrelevant. It would be relevant if this was a "normal" transaction, but the courts have the final say. Whoever buys the NFT, if they wanted exclusive rights, would then have to sue the scammer for what's essentially a refund + damages for whatever losses they believe this situation has made them incur. Again, I'm not a lawyer, but I do study crime and legal systems in university and have quite a bit of experience negotiating against lawyers so... Until someone more qualified comes along, you can have this :P
with nfts im officially too old/dumb for this shit to start understanding it on a technical level. sometimes i thought i understand cryptocurrencies but sometimes i think i dont. nfts are so intangible i cant even take em serious and just enjoy how many people fall for this shit. this is literally the emperors new cloths story come to life
I can explain the core idea behind cryptocurrency and NFTs pretty simply. So regular financial systems keep a ledger or record of all the money that comes and goes. Crypto essentially does this as well, but it’s done collectively by everyone who uses the blockchain (crypto network) and cannot be edited or changed or deleted. Everything you do on the blockchain (mining, receiving, sending) is saved forever, and it is saved by everyone who is on the network. That’s what gives it the ‘decentralized’ security, where with normal banks/financial institutions, we kind of trust them to not commit fraud. An NFT uses the same or very similar technology as the blockchain to insure the ‘unique’ or ‘limited’ (non fungible) quality of NFTs. Except with NFTs there’s no limit to the amount or number that can be ‘minted’ (created), which is what makes the value almost entirely speculative.
This isn't how NFTs work. The picture itself is not owned so I'm not sure how this impacts his use of it. The NFT only reserves the placeholder spot. It's not ownership just "this is my spot."
So Seth Green didn't even realized that buying an NFT has absolutely nothing to do with ANY rights for commercial use other than selling his entry on the ledger that points to an ULR to someone else? It's so funny to see all the time that most NFT-supporters seem to have no clue what is actually being traded around
funny thing, NFT is actually not the art or the jpg, you just own a certificate that says you have the rights of a line of unique code in the blockchain, the jpg and stuff is just a place holder so that would convince ppl that they actually owned something, that's why lots of NFT picture is just randomly generated shit.
AI or algorithmically generated art, like Bored Apes, aren't even eligible for copyright protection. Copyright requires "human authorship." It's the same reason the "monkey selfie" isn't eligible for copyright protection.
Technically, green can still host his show without fearing a lawsuit since the lawsuit itself will open up the opportunity for a counter claim for buying stolen goods, or if it is the scammer itself, for scamming/phishing.
I feel like I'm watching a eulogy on this. I've been in the VR space and for years we've been dreaming up ways for creators and artists to make a living from their work. Early on a really talented friend of mine started making NFTs and really started getting recognition, and the VR game NEOS had it's own crypto coin where players could pay for player made items in-game, it seemed like there was a healthy evolution happening. All of this crypto garbage ended up just becoming a cheap get rich quick scheme, and the worst part is that art was further cheapened in the process, nothing like spending 5 seconds smashing the randomizer button in a photoshop plugin and it becoming worth $100k to kill your motivation. I just wanted to have literally anything for me and other artists make a living detached from corporations.
The IP is tied to the NFT itself, but it is still illegal to steal it. The perpetrator can be caught and be forced to atleast pay restitution to the original owner (this recently happened with the 2 crypto thieves that stole a bunch of Bitcoins.)
what even happened with this show anyways? He bought the NFT back and then I never heard of the show again. Did it get cancelled after all that or is it just that nobody cares about it to the point I can't even find anything online
"Waaaaaa, I got robbed because I don't do my due diligence in a Wild West market. We should shut the whole thing down." If that was the attitude we would NEVER HAVE ANOTHER WILD WEST MARKET NOR A UNITED STATES BECAUSE THE ACTUAL WILD WEST WOULD HAVE BEEN ABANDONED DUE TO "MEAN OLD WOBBERS"
9:09 that’s not entirely true. as the current owner the second the show aires the guy with the NFT can sue him. Seth will have to prove it was stolen and the guy bought the ape KNOWING it was stolen.
Be celebrity, Buy NFT, Tell the world you're making a TV show about it, Have a friend "steal" the NFT, Value of NFT rises exponentially, Have the friend sell the NFT, Profit.
Seth Green is wrong from BEFORE he got scammed. He did NOT own the copyrights to those NFT images, he owned an authentic COPY of the image with no right to use unless he specifically bought the copyrights or licensed the images from the creator. DO NOT buy an NFT if you think it gives you the copyright to the image attached. Google shit, FFS.
Cant insure NFTs. Its not a tangible asset, the value cannot be evaluated within a fixed market and the risk of claim is WAY too high due to them being nothing more but a Jpeg.
12:40 ni no kuni crossworlds in nut shell XD,game not even out in 1 month and yet already got massive bot invasion because this play to earn scheme lmao
37:51 that thing looks like if Cortex from Crash Bandicoot got turned into a rated R movie where the crystals you collect in the game actually turn out to be something Cortex uses into an addiction which will eventually turn the crystals into crystal meth . I'd like to see an adult rated crash bandicoot lol
On the topic of whether the police can take something back from you that you bought if it was previously stolen, I know in the case of jewelry and gold buying, if someone sells a store something like a bracelet, the store can be required to hold on to that item for a set amount of time, like say a month. And if the police receive a report that it's stolen, the store is required to turn it over without any expectation of getting their money back. Not sure if that's the case in every state though.
You could argue that the Apes are actually not copyrightable. They aren't really pieces of art, but something like a collage made from different mouths, eyes, skins, etc.. Now that would still be copyrightable if done by a human, but because they are made at random by an algorithm, there's no human making the creative decisions. It's like the case a few years back where a monkey took a selfie. It was ruled the picture couldn't be copyrighted because animals cannot hold the copyright, only humans can.
You would be able to claim insurance on something you willingly gave away scam or not... Imagine trying to claim insurance on your stolen car and trying to explain to them that you willingly gave it to them.
Does Seth Green not know how nft copyright works? The artist/company still owns the rights so even if he owned the ape nft he’d still have to ask if he could use the property in a show so for the show it doesn’t actually matter that the nft was stolen.
![Seungmin "그렇게, 천천히, 우리(As we are)" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/kAzmhLHePqU/mqdefault.jpg)
"Looks like you bought my stolen ape"
Dude, they're literally children playing with marbles or pokemon cards, except those kids can vote.
And even then Marbles and Trading Cards can be used for another purpose. You can play games with Marbles and Trading Card Games are insanely popular. All you can do with an NFT is have a d*ck measuring contest over whose is worth more.
Should be "Looks like you bought my ipfs link on the blockchain"
@@Pasakoye +1 for Busdriver quote
@@Pasakoye I call using marbles as currency if a Fallout situation happens. I'll walk in with my big bag of balls and rock that business.
I just dont understand who the fuck is STILL buying this shit... Like the fact that all these nft scams make millions yet the nft scene is even smaller than the crypto scene.. If the scene is so small and millions are being scammed. I cant help but feel its the same group of super retarded people who keep buying and buying these things in hopes that it will take off. Because anyone with 1 braincell would see how many scams are going on and stay as far away from nfts as humanly possible unless you just wana lose your money.
I feel as sorry for Seth as I would feel for someone who invested in ice cubes.
ice cubes is a smart way of calling it, slowly melting away....
Ice cubes are cooler tho
I feel for seth the same way I feel for amber turd, I don't.
Ice cubes have utility, which is why people pay for bags of them.
Ice Cube's what?
imagine paying an absurd amount for a randomly generated character creation jpeg instead of like... hiring an art team for infinitely cheaper to create unique original characters
Bruh even picrew is a better alternative because it offers far greater quality and the ability to manually create a character for absolutely free.
The whole point of this is to pretend like the NFTs have value. It’s a marketing strategy. They could probably just make the show anyway, but it would require they admit how useless these tokens are.
QI great video Asmon 🤘
Imagine paying money for a piece of code on a blockchain that links to an ipfs with info on a picture that somebody created and still owns the copyright to. Cos that's basically what an NFT is.
@@TheTaquitoProject They are even more useless.
The best part about this is nobody feels even a little bad. Normally if someone got scammed people would have a little sympathy, but since it's NFTs, everyone is just laughing and rubbing fistfulls of dirt in the wounds.
Ofc. Anyone who buys NFTs know it's pump and dump at the core and is basically a scammer, so scammers getting scammed is always a good thing.
You'd think this guy would have been a bit more careful with an NFT if he needs it for a show, but what else would you expect from someone participating with NFTs? the only possible outcome is some truly sand-brained moves.
How do you know it was him? It could have been someone on his staff with improper access control who was phished. That's why organizations (even small ones) need to be very careful with who has access to what. The days of giving CEOs and other C-level executives ultimate control over the systems have been over for at least a decade. A solid functioning IT security department would have made sure that proper access was given, and very few people would have access to the systems that would allow them to transfer ownership. A good security department would have had 2FA installed with SSO using a third party tool like Okta or Auth0. This was just pure laziness on the organization's part, and not so much Seth's fault, other than hiring bozos who don't know how to manage security even on the most basic level.
He doesn't need it for a show. the guy that stole the NFT doesn't own the copyright that's not what NFT's are. But he can hardly say OMG somebody stole my IPFS link to some useless info on a JPEG they don't own and can do nothing more with than sell to some other rube who thinks they are cool but are being fleeced out of their money.
@@BitwiseMobile Those are all very good points, however do we know that this wasn't a personal asset? If this was a personal asset, depending on how the legal entity/entities developing the show are registered and his relation to them, would that not then be something along the lines of a conflict of interest to have the company perform administrative duties for his gain?
That's outside my wheelhouse, and I think there exist scenarios where this would be fine (like if the NFTs belonged to a private legal entity that Seth Green owned), but I don't think we can assume that this is a given and that everything was structured in a way where enterprise-level security was realistic.
@@BitwiseMobile Wether it was him or not doesn’t matter. Him buying this NFT put him in this position. Lmao.
@@user-ee9cz6mc1x
It literally says “whoever owns the NFT owns the copyright”.
Get a better argument.
I knew NFT's were gonna be a dumpster fire, but this is perfect. 🤣
They are pretty successful it seems, because people like you and Asmongold are still talking about it a year later where the hate started...
it a scam of a scam
@@greenstreetmusic4683 I haven't wasted my life savings on literally nothing, so I see no problem with laughing at suckers who did and complain about.
@@greenstreetmusic4683 Maybe you should continue coping while you google the market value of them PepeLaugh
@@fushisu wtf are you talking about
It's true. Bad news for NFTs is top tier news.
asmongold: you know what is an untapped market?
(one guy in chat): "COMMON SENSE"
dont worry mate, I see you 😂
... You know, I'm suddenly reminded of the fact that Seth Green was Scott in Austin Powers, right? AKA... the Diet Coke of Evil. Meaning that once again, Scott has disappointed his dad in terms of Evil. Heck, I'm pretty sure Dr Evil would call NFTs a lame form of evil.
Just to be sure, this IS trustworthy, right?
Trust him bro
@@Doctorolivercook bot don't do it
Mr Bigglesworth went on to become bingus.
@@slim3923 So my hunch was correct.
Ah, I got it now after the Wild Wild West comparison! NFTs are like the American Gold Rush, but the stuff worth money isn’t tangible gold with real-world value and uses, but jpegs instead with pretty much no real practical value or uses. And the projects built by people around NFTs are the Boomtowns that almost all ended up abandoned. At least nobody’s died of dysentery yet with NFTs. Yet.
That... is not a bad comparison, the only ting different is that the Boomtowns were made around people that tried to discover the precious stuff, in this, the Boomtowns are full of general stores that try to sell them and try to make you believe that they are worth something.
@@TheRatedOniChannel Ah that's true, lol
This comment is actually really illuminating
Not quite. Its not even jpegs. Its links. BAYC could switch out the pictures at any moment and noone could complain.
We would have never heard about the show if it didn't get "stolen". Enough said...
you dont know how easy it is to steal an nft.
you send the target a free fake nft with malicious code in it. the target opens the free nft cause of course he does, he is in the space because he is an idiot. the malicious code sends the target's nft to your account. you sell the "stolen" nft.
the non fungible token has been funged.
counterpoint to the conspiracy theory: do you think a person who fell for crypto and nft is smart enough to make a conspiracy like that? and the end result: people laughing at him
To be fair I heard about this show being made before this... not that I would have watched it. I hate NFTs and this is the best possible outcome for all the companies trying to push this trash and the metaverse
Watched a bit. Honestly some things are too bad even to enjoy riffing on.
Cool, we also will never watch this show. So like, where's the win?
*"This Albanian FIEND just steals all your fucking monkey pictures... What are you gonna do??"*
This is the most incredible sentence I've ever heard!
Update: The buyer of the BAYC jpeg lives in Australia and has stated that he has no plans for the jpeg, and won't just return it out of the kindness of his heart. Darkwing spent $200k on said jpeg so my guess is that he'll want at least that much from Seth Green to return it.
@@kethmarhkfy7luf.263 If it were something physical we're talking about, sure. But we're talking about a receipt that points to a database entry associated with a jpeg. Combine that with the fact that pretty much everything that exists on a blockchain is completely unregulated. It's almost a sure thing that nothing will happen. After all, to use the line the Crypto community always uses to deflect criticism... "Code is law". Which means that whatever the blockchain says goes. And according to the blockchain, the BAYC NFT was transferred by "Seth" to a third-party who then sold it to Darkwing and according to the blockchain, those two transfers were both legal since there's no protections against scams etc.
@@kethmarhkfy7luf.263 buying a stolen car off Craigslist isn’t aiding a crime, it’s happened a countless number of times and that’s something with tangible value
@@kethmarhkfy7luf.263 he's not committing a felony. It 'belongs' to him now. There's no governmental authority or regulation over NFT exchange. The real theft is from the people who 'sell' NFTs.
@@kethmarhkfy7luf.263 hahahaha “the US will extradite him” the US barely bothers to extradites murderers much less some guy that bought stolen “property”
@@cavemanteroit is illegal in both Canada and the USA to purchase stolen property and it can be seized by the police ....however you ain't ever gonna be able to prove that it really happened on A deregulated electric market
2:12 "reduced to atoms" is probably not the right term to use here, it would indicate the NFT gained value from the event.
This definitely proves that it doesn't matter how hard you believe in something if it's BS to begin with.
It worked prefectly, he just got phished. Nothing special to NFT's
Religion summed up perfectly 👌🏽
Before NFTs really blew up, I got an advertisement for minting my own art as NFTs (thanks Google algorithms). I originally thought they were trying to sell me an alternative way to copyright my work, but it didn't seem to be very secure. Boy was I right about that last part.
Now, here's an interesting thought: If he or anyone else makes a show like this, can they even have the monkey emote? Like, isn't another NFT of that monkey that looks basically the same, with the same fur, outfit, etc, etc, but the second he changes the monkey's mouth or eye shapes for emoting purposes, it might well all of a sudden be a perfect match for a different NFT.
Just because NFT’s are represented as pictures it doesn’t really mean that. In a case like this I’d say the NFT is like the original concept art and giving you ownership of replicas. Like someone taking your character and then drawing a different set of facial features or limb positions on the exact same body likely wouldn’t be different enough from the original to be considered an original artwork on its own
@@overthrone3494 art not made by a human is not copyrightable. There is a good argument to be made that randomly generated NFT images cannot have their own copyright.
@@TheTaquitoProject factualy not true. Whoever has originated the process is the owner of what was processed. Random or not it’s irrelevant.
They don't own the copyright or commercial rights to the pictures. They own a piece of code on a blockchain that links to some info on the JPEG that's it. nothing more nothing less. Well actually it's more or less nothing they own. But hey who am i to tell people how to spend their money.
@@thierryfaquet7405 US court has already determined that AI generated art is non copyrightable due to not being created by a human.
This is definitely different though, there is no AI here, this is just a script being used to arrange human created art in different configurations, something very basic which if made non copyrightable would probably fuck over anyone creating digital art as it could be argued that the computer did the work there.
The amount of unbridled joy this brings after like 2 years of saying NFTs are trash and rife with criminality
I love how the whole point of the block chain is to verify you own said NFT, yet it seems everyone and their mom keeps getting their NFTs stolen, so how is the block chain supposed to work again?
It has nothing to do with the blockchain, just like it isn't Ford's fault your car is stolen if you hand someone your keys. No matter how idiot proof you make something a bigger idiot always comes along.
Thing is it's purchased anonymously and nearly impossible to prove you bought it
Seth Greene using his celebrity checkmark to target someone that legitimately bought shit that was stolen from him is so deeply immoral and petty.
Well the purchase of stolen property is illegal in both Canada and the USA and it can indeed be seized from you by the government....this digital shit ya good luck getting the police to move on them. And if it is seized as evidence it's just as hard to get it back from the police
Conceptually, NFTs were supposed to be a great thing for artists and creatives; The rise of digital media meant that artist couldn't actually sell 'originals' and their best tool were limited runs (of prints, pins, or whatever it is they sell). It does in fact makes a lot of sense when you consider there were already plenty of 3D markets where you could buy models, textures and rigs to make your project (movie, game, short, whatever) much easier.
It ended up being an enviromental catastrophe, led by AI generated generic and samey .jpegs, and the wet dream of many wannabe bussiness bros who couldn't tie their shoes without an instructions manual. I'm glad the ship is sinking, even if a little sad it was (potentially still is) allowed to sail for this long.
@@Capnsensible80 yup and it came back to bite them i understand that sometimes the general public really do undervalue artists and the art they do so they wanted a way to actually be payed the value they deemed right for them, but because they started the concept of nft's and alot of other people who knows how the digital media market works better than them it just became a hot mess then, the "concept" they tried to work for ultimately became their downfall and their art now has a scummy view by the public eye because of it
Conceptually NFT's were a scam. Realistically, they are also a scam. This shit was NEVER about the artists, and all about uncreative people abusing artists to make money. That's it.
Hey I can’t tie my shoes in general and even I realize it’s a scam
As an artist this shit was never for or about us
Lol, what a load of bull. It was supposed to be a scam, was used as a scam, and turned out to be a scam.
DarkWing84 should make his own cartoon using his new bored ape
An Insurance company for NFTs is like insuring for a hospital that hires cannibals as doctors.
😅🤣😂🤭
Would they actually have any obligations as insurance? Or would it be completely unenforceable. Make the insurance contract another nft and when they go to claim, send it to them so they are their own insurer.
The funny part is that the second that a government steps in to return it, it also undermines NFTs.
If you can get it back like that there is no longer any point in it being decentralised.
Regardless what happens it is horrible for NFTs.
It would not be the first time
Honestly a live action show about this saga with the cartoons being the scammers that plotted the phishing scam would be lit.
20:20 the quote you're looking for is : "Gods cannot be gods without those who stand beneath them gazing upwards." from Plato.
I'm fucking thrilled this happened... I really don't want NFTs to get any bigger... the whole concept seems insane to me...
I don't wanna have to invest in make-believe stocks to be able to play a game or watch a show in the future
@@vagabondwastrel2361 No.
@@vagabondwastrel2361 No.
@@vagabondwastrel2361 We already have receipts. They're called receipts. You receive them for purchasing a real product or service.
@@vagabondwastrel2361 This.
How tf does an NFT get stolen!?
literally just take a screenshot. lol.
He got joinked by a phishing scam.
@@daisycarbonell 🤦♂
Some kind of hacking maybe
NFTs are stored in a digital wallet. If someone gets access to someone else's wallet with a phishing scam they can transfer everything out of it.
Just one of the many reasons why cryptocurrency is dangerous and stupid.
Technically if he found out who scammed him he could talk to the FBI about making a arrest, but it's the same thing with tech support scammers if you fall for the scam it's really hard to get any kind of justice and you can count your stolen money goodbye unless the scammer is in the same country as you then you could sue
@@Letsberealish just because something is digital doesn't mean it's not real, everything has traces, if you steal my steam account I could have you arrested as long as I can prove theft, which I can because they email you digital records of all transactions, you can also track ownership of profiles including wallet profiles for crypto, I'm not saying nfts aren't stupid, I'm just saying that it is possible to punish this offense as long as you have the meta data to prove theft
Looking like he knows who bought it, not who stole it.
@@whoisntwhoisit2126 that's why I said "technically if he found out"
Thing is with one of them being sold it doesn't matter about if they find the guy that stole it as someone has bought it and it is now there's because that's how nfts worl
@@danielshore1457 You can sue the theif for compensation if you found who scammed you, just like with non-digital crime, that's why I said "If he found out who scammed him"
I love how they say it’s illegal but then insist their system is ungovernable. You can’t have it both ways!
It would be so f*cking funny if Darkwing84 would send the nft to a burning address so it would be gone forever or even more funny Darkwing84 is a russian citizen so that would mean Green buying it back from Darkwing84 would be a crime because they are sanctioned... 😂🤣
The government is sanctioned. Personal transactions between individuals is fine
Fun fact: an NFT is not a JPG, it isn't even an image.
An NFT is a number, a fictional space in a database represented by the image
So buying an NFT is equal to buying the space around a painting in a museum but not the actual painting
And then proceeding to sell it like you're selling the picture:) that's funny
Not quite. The blockchain is tied to an actual asset. That asset could be physical and/or tradeable (fungible). The image does point to the blockchain (your database analogy), but there is no central database or authority with the blockchain. It stands on it's own. The blockchain is tied directly to the asset. If you own the blockchain, you own the asset.
The most fitting analogy that i've seen is, "You don't own the art, you own the receipt." You have the evidence of owning and purchasing the NFT but not the actual artwork itself.
@@BitwiseMobile you're a wizard'-') thanks for the explanation I guess
Its pretty amazing that nft bros just accept that even stolen if you have proof of ownership its yours.
The line they always use is "Code Is Law". Which means that if the blockchain accepts the transfer, it's legal according to the blockchain. But they always seem to overlook the fact that detecting illegal activity (unless the criminal in question is being stupid about it) is very difficult under ideal circumstances... And due to the profit incentives inherent in the current landscape of NFTs, the developers usually won't bother implementing more than the most low effort, token gesture to protect NFT holders.
Honestly, it would be funny if the guy basically sold limited rights back to Seth to use the NFTs lol.
it'd be sketchy but, that'd be a solid investment LOL
I made a long post explaining why, but that likely wouldn't work. As long as one state has a sales act (or equivalent legislation) which stipulates that the actions of both parties can imply a contract, then the transaction is unenforceable based on the doctrine of unconscionability. A judge could issue a declaratory judgment affirming Seth's rights to use the image, though I don't know that they could enforce anything relating directly to the blockchain (like the return of ownership of the nft on the blockchain)
Ermahgerd, its Asmon in the comments!!!!!! /s lol
That's what I assumed the play was.
"What if he was from Russia?"
Well, some nft platforms have sold all nfts Russian users had and donated that money to ua. It would be fun to see this guy suing ukraine for his "stolen" nfts
lol, but also wtf.
that's fucked up man, these platforms should be shut down for criminally stealing their client's money.
As someone who's always liked Seth, this makes me sick like I've been punched. Not that this happened to him; that he got involved in NFTs to begin with. What level of stupidity does it take to allow your creative projects to be tied up in NFTs?
Count on this: if I finish any creative project ever, it will have NOTHING to do with NFTs, and anybody who tries to convince me in that direction will be forcibly removed from my path. This is just basic sense that any person with above a 90 IQ should know instinctively.
@L Turner Cared enough to reply.
@L Turner I do
Today's Lesson: Remember, Kids, you never really "own" anything. You're just holding it until the next person comes along to take or destroy it.
What about food
Thats why you want to be a taker and destroyer, not a holder.
@@CastleMinecrafterZ Food is literally the first thing people steal when things go sideways.
@@shakalaka5446 but I eat it and it isn't food anymore idk what you mean
@@CastleMinecrafterZ - It will be, soon enough.
Ultimately, the only precedent that matters in these cases will be the Supreme Court precedent about copyright in regards to images not produced by humans. Bored apes are produced by a computer program, not a human. Per the SCOTUS decision in regards to PETA and a monkey that happened to take a selfie with a dropped camera, and the photographer owner of said camera, only humans can create copyrighted material.
NONE of the Bored Ape NFTs have a copyright to sell, lease, or trade because NONE of the Bored Ape NFTs are actually produced by humans. This is why sports NFTs DO have copyrights (that they lease, not sell) because a human had to take the video then go in and edit the video to create the NFT.
Turns out the guy who bought it is a surgeon who lives in Australia. I'd love to see Seth try to sue someone over this shit 🤣🤣
@@kethmarhkfy7luf.263 You know, how I know, you are not a lawyer?
@@kethmarhkfy7luf.263 😂😂😂
The irony of getting every law in the universe in a market that's advertised as unregulated.
Imagine being seth green, having worked in tv and movies and produced tv shows before. Imagine willfully agreeing to attach all your ip rights to a easily stealable token instead of, not doing that which is standard. I cant believe so many people are so staggeringly dumb.
He didn't, though. Because the NFT is unregulated, so the IP is not enforcable.
NFTs
I remember hearing about people buying computer code that does nothing except sit as a placeholder… lol
Growing we were always told that 'ownership is 9/10ths of the law', so that if a dispute arises about who owns a thing, the party who actually poseesses it or holds title it is going to have the strongest case and its up to the other parties to prove otherwise
There is alot of talk about the copyright to the NFT but there have been several rullings in the U.S. that A.I. generated art is not subject to copyright. So there was never a copyright in the first place.
If darkwing bought it in good faith, then he's protected.
Honestly nft insurance would be a horrible business decision... since people get scammed on the daily and eventually the insurance will go broke. The reason why normal insurance works is because actual accidents are rare, but nft scams are so common and with high losses that it'll be unsustainable to own a nft insurance company.
Asmon: "I had a friend... And he was a drug dealer...."
My inner dialogue: "Well shit I can't wait to see where this is going."
I would absolutely love to hear Asmon relay more stories about his drug dealing buddy.
i didnt know someone could sound like a cop on yt commments till i read this
@@Stevenbustamento haha good point and definitely fair enough.
I just meant from a curiosity standpoint and an affinity for the way Asmon tells stories.
@@muchachogrande2019 I used to run the west end here, coke e weed mushrooms. Full time, big timer
@@martymcfly88mph35 well shit why'd you stop?
@@muchachogrande2019 was 25 with about 50K CAD saved up (more like 45K) and nothing to show for it. couldn't get a mortgage. Had nice stuff like furniture and a nice car but I literally couldn't take that next step in life and get a mortgage. So I decided to get into the trades before it was too late. And I started getting pretty paranoid that my time was running out. My friends were finishing university and I was still just hustling. Women weren't as impressed anymore either. Finding a girlfriend as a 20 year old drug dealer, the young chicks love that stuff, the "dangerous" guy (really, I'm a lil nice white dude, not dangerous). It was like a cheat code for getting good looking women. But when my ex finished her nursing degree (which I paid for) and she left cuz now me being a big timer wasn't so impressive... I had to get into a trade or something. And now I'm 32 and own a home and have an apprenticeship. /lifestory. I also went through addiction during that time but came out of it sober, but that's another story entirely.
my first thought would be for Darkwing to lease the usage rights to Seth Green in exchange for royalty payments. Seth gets his show, Darkwing gets paid, everyone wins.
It's not a good idea..... the premiums on that insurance would be the cost of the NFT
Imagine for a second a marketing plan...... Seth Green has someone "buy" the NFT and ramp up the drama about it on the internet to get publicity and for people to hear about it... then ramps it up and ramps it up then the person gives it back or he "buys" it back from them and then the show releases....and people feel they need to see it because the main character (bored ape) has so much drama behind it
probably made that up in cahoots with the person that "stole" them to drive up the value and then share the money 😂
The cops can't take it from you if you didn't KNOW it was stolen when you purchased it
Because doing so would be theft under the law because you acted in good faith
They would have to PROVE that you knew it was stolen when you purchased it
This whole ordeal can be applied to the act of money laundering: if you steal cash and filter it through the cash system of a country, technically the cash is no longer illegally obtained. If you recycle your stolen cash through a business you own and the business pays back the cash in a legal manner, then technically you own the money. Same goes for these NFTs: Seth got his apes stolen, the thief sold them off and gained an amount of cash and the buyer got the apes. It's perfectly legal, on a technical standpoint, for they got filtered through the blockchain as a transaction.
As it was said: the best thing about the unregulated market is the lack of regulations. The worst thing about it... Is still the lack of regulations.
Bored Apes are computer generated and thus they aren't copyrightable at all, so him losing the NFTs does literally nothing lmao
Seth Green 🤦♂️How could you 😂😂😂
There is a lawyer on youtube that has talked about this. Basically, from what I remember computer generated "art" is not recognized by USA law. The art has to be human generated. This has actually went to court about a monkey who made art, and it was not seen as such by the court. Yes, Peta took it to court for the monkey. Basically, nobody owned the rights because it wasn't human made.
So glad we're finally moving on from the Depp trial. Dude u posted more content on it that any other news source
Yeah he also had 250 thousand people watching it with him.
2:30
Insurance for a bubble. Where have I heard that before?
Oh, that's right. 2008 housing bubble!
Goddamn it, I respected Seth Green once. I don't know what I'm more disappointed about, that he tried to become a cryptobro and make a cringe NFT show or that he tried to do it but fell for a fucking stupid scam. At least it seems like he's laughing about it, I guess he doesn't take it that seriously in the first place
i mean if its in another countery can prob send someone over to assinate, steal it back and send a message to anyone who trys it in the future
He should just make the show anyway. If anyone tries to claim ownership of the NFTs he can just sue them and contact the police for theft lol
I was just thinking about this. Wouldn't trying to claim ownership assert that it is tangible and therefore start to create a foundation for allowing precedents of sorts (like wire fraud) to matter a whole lot more? There's just something strange about theft somehow not being illegal but claiming ownership is totally okay. If push comes to shove I'm sure Seth Green has enough resources to at least start a complicated litigation case. Maybe it'll be cheaper in the long-run to cancel the show instead of pursuing this route, I'd be curious to hear what an expert thinks though
Or: If anyone claims ownership he can just not care, because it's an unregulated market.
Seth Green really channeling his inner Chris Griffin with this one
Stolen items that were bought in good faith by another party who didn't know it was stolen is generally legally theirs. Tough luck, Seth. Maybe next time have actual property that isn't a set of 0's and 1's.
NAL but an "old" Canadian Criminology student with years of experience in real-estate (so I've dealt with a lot of lawyers surrounding ownership; It's not the same, but some underlying principles apply).
Unconscionability is a doctrine in contract law which, among other things, renders contracts voidable when using misrepresentation of fact to deprive someone of a valuable possession. There's a decent amount of judicial discretion involved, but this is at the core of many lawsuits where deception was used to obtain a signature (lawyers sometimes like to leverage that threat in real-estate when they think the lender's representative doesn't know better).
The price for which one of them was already sold substantiates the a claim that they do in fact have monetary value.
These components on their own are irrelevant, however consider the fact that the main argument for crypto is that the "blockchain doesn't lie", the blockchain serves as proof of a transfer of goods. This by definition (and this does vary by location but for a specific answer you would need to establish which jurisdiction the case will be filed in, and Americans can, as far as I know, file in any state they please regardless of where in the US they live) constitutes a contract according to the BC (where I live) Sales Act: "Subject to this or any other Act, a contract of sale may be made in writing, either with or without seal, or by word of mouth, or partly in writing and partly by word of mouth, *or may be implied from the conduct of the parties."*
There's already plenty of precedent when it comes to arbitration over digital goods, so assuming at least 1 state in the U.S. has a clause similar to the sales act I referenced above, odds seem very good that Seth would have legal standing and a good case for his Ape situation.
The only thing I can see coming from this though is a Declaratory Judgment, which basically clarifies the rights of the parties involved and nothing more. His ability to sell the NFT is gone because a court can't enforce (as far as I know) the return of the ownership on the blockchain but they CAN determine that he's the rightful owner, shielding him from any attempts to extort him in the future by claiming that his show infringes on anyone else's rights.
As for the BYAC's licensing agreement, it's irrelevant. It would be relevant if this was a "normal" transaction, but the courts have the final say. Whoever buys the NFT, if they wanted exclusive rights, would then have to sue the scammer for what's essentially a refund + damages for whatever losses they believe this situation has made them incur.
Again, I'm not a lawyer, but I do study crime and legal systems in university and have quite a bit of experience negotiating against lawyers so... Until someone more qualified comes along, you can have this :P
This is the most low effort attempt at impersonation that I've ever seen, and that's saying something.
with nfts im officially too old/dumb for this shit to start understanding it on a technical level. sometimes i thought i understand cryptocurrencies but sometimes i think i dont. nfts are so intangible i cant even take em serious and just enjoy how many people fall for this shit. this is literally the emperors new cloths story come to life
I can explain the core idea behind cryptocurrency and NFTs pretty simply.
So regular financial systems keep a ledger or record of all the money that comes and goes. Crypto essentially does this as well, but it’s done collectively by everyone who uses the blockchain (crypto network) and cannot be edited or changed or deleted. Everything you do on the blockchain (mining, receiving, sending) is saved forever, and it is saved by everyone who is on the network. That’s what gives it the ‘decentralized’ security, where with normal banks/financial institutions, we kind of trust them to not commit fraud.
An NFT uses the same or very similar technology as the blockchain to insure the ‘unique’ or ‘limited’ (non fungible) quality of NFTs. Except with NFTs there’s no limit to the amount or number that can be ‘minted’ (created), which is what makes the value almost entirely speculative.
This isn't how NFTs work. The picture itself is not owned so I'm not sure how this impacts his use of it. The NFT only reserves the placeholder spot. It's not ownership just "this is my spot."
So Seth Green didn't even realized that buying an NFT has absolutely nothing to do with ANY rights for commercial use other than selling his entry on the ledger that points to an ULR to someone else?
It's so funny to see all the time that most NFT-supporters seem to have no clue what is actually being traded around
funny thing, NFT is actually not the art or the jpg, you just own a certificate that says you have the rights of a line of unique code in the blockchain, the jpg and stuff is just a place holder so that would convince ppl that they actually owned something, that's why lots of NFT picture is just randomly generated shit.
How are you so inundated with the nft "landscape" that you try and make a show, but still get scammed?
Greed
AI or algorithmically generated art, like Bored Apes, aren't even eligible for copyright protection. Copyright requires "human authorship." It's the same reason the "monkey selfie" isn't eligible for copyright protection.
Technically, green can still host his show without fearing a lawsuit since the lawsuit itself will open up the opportunity for a counter claim for buying stolen goods, or if it is the scammer itself, for scamming/phishing.
That little smile on his face after he says bored ape stolen is priceless.
XD
It's sad to see a super talented guy like that fall off like this. He'll always be my favorite brittle boned space ship pilot, though.
Taking wire fraud as a precedent? Man ever for wire fraud, it does not work if you fell for phishing unless you have an insurance or something.
I feel like I'm watching a eulogy on this. I've been in the VR space and for years we've been dreaming up ways for creators and artists to make a living from their work. Early on a really talented friend of mine started making NFTs and really started getting recognition, and the VR game NEOS had it's own crypto coin where players could pay for player made items in-game, it seemed like there was a healthy evolution happening. All of this crypto garbage ended up just becoming a cheap get rich quick scheme, and the worst part is that art was further cheapened in the process, nothing like spending 5 seconds smashing the randomizer button in a photoshop plugin and it becoming worth $100k to kill your motivation. I just wanted to have literally anything for me and other artists make a living detached from corporations.
Insurance won't cover something they can't price for profitablity. NFTs are too new, hard to track, and right now too vulnerable.
The IP is tied to the NFT itself, but it is still illegal to steal it. The perpetrator can be caught and be forced to atleast pay restitution to the original owner (this recently happened with the 2 crypto thieves that stole a bunch of Bitcoins.)
what even happened with this show anyways? He bought the NFT back and then I never heard of the show again. Did it get cancelled after all that or is it just that nobody cares about it to the point I can't even find anything online
it was garbage. normies were baffled as to why a homeless dude was so important.
It's like three card monte. The crowd is in on it.
"Waaaaaa, I got robbed because I don't do my due diligence in a Wild West market. We should shut the whole thing down." If that was the attitude we would NEVER HAVE ANOTHER WILD WEST MARKET NOR A UNITED STATES BECAUSE THE ACTUAL WILD WEST WOULD HAVE BEEN ABANDONED DUE TO "MEAN OLD WOBBERS"
9:09 that’s not entirely true. as the current owner the second the show aires the guy with the NFT can sue him. Seth will have to prove it was stolen and the guy bought the ape KNOWING it was stolen.
an insurance company for NFTs is a terrible idea because you would go broke paying out so much.
Be celebrity,
Buy NFT,
Tell the world you're making a TV show about it,
Have a friend "steal" the NFT,
Value of NFT rises exponentially,
Have the friend sell the NFT,
Profit.
🤣🤣🤣 that Halo 2 announcer 🤣🤣🤣 I love it!
Seth Green is wrong from BEFORE he got scammed. He did NOT own the copyrights to those NFT images, he owned an authentic COPY of the image with no right to use unless he specifically bought the copyrights or licensed the images from the creator. DO NOT buy an NFT if you think it gives you the copyright to the image attached. Google shit, FFS.
Cant insure NFTs. Its not a tangible asset, the value cannot be evaluated within a fixed market and the risk of claim is WAY too high due to them being nothing more but a Jpeg.
I never had the impression that Seth Green was all that bright
That darkwing guy could essentially copyright strike Green? Interesting.
12:40 ni no kuni crossworlds in nut shell XD,game not even out in 1 month and yet already got massive bot invasion because this play to earn scheme lmao
37:51 that thing looks like if Cortex from Crash Bandicoot got turned into a rated R movie where the crystals you collect in the game actually turn out to be something Cortex uses into an addiction which will eventually turn the crystals into crystal meth . I'd like to see an adult rated crash bandicoot lol
the quote on nft for insurance, you can put your house deed on nft system
As a Malaysian, I agree. Asmon speak FACTS.
talks about NFTs being a scam, talks about insurances.
that was the reason why cameos existed
On the topic of whether the police can take something back from you that you bought if it was previously stolen, I know in the case of jewelry and gold buying, if someone sells a store something like a bracelet, the store can be required to hold on to that item for a set amount of time, like say a month. And if the police receive a report that it's stolen, the store is required to turn it over without any expectation of getting their money back. Not sure if that's the case in every state though.
Cant Seth just buy a very similar looking nft and just add whatevers different to the animation for the show? Or is it already produced?
You could argue that the Apes are actually not copyrightable. They aren't really pieces of art, but something like a collage made from different mouths, eyes, skins, etc.. Now that would still be copyrightable if done by a human, but because they are made at random by an algorithm, there's no human making the creative decisions.
It's like the case a few years back where a monkey took a selfie. It was ruled the picture couldn't be copyrighted because animals cannot hold the copyright, only humans can.
You would be able to claim insurance on something you willingly gave away scam or not...
Imagine trying to claim insurance on your stolen car and trying to explain to them that you willingly gave it to them.
34:08 Vaaty's voice gave goosebumps man
Does Seth Green not know how nft copyright works? The artist/company still owns the rights so even if he owned the ape nft he’d still have to ask if he could use the property in a show so for the show it doesn’t actually matter that the nft was stolen.