It seems the main thought process has become: "I want crypto to be uselessly tacked on to stuff, and I'm smart. So clearly everyone else must also see the value in uselessly tacking crypto onto stuff".
I get gambling machines, but keep that shit seperate from actual games. They should make a new ESRB rating for any games with nfts same as gambling for adults. Fuck nfts AND microtransactions when i pay 60 bucks for a game. GIVE ME THE GAME I PAID FOR.
These people don't create their own shit because that's where the effort is at. They don't want to put real effort into their projects because the rug will get pulled.
@@TheEgalisator that's the thought process of pretty much everyone in a position of power nowadays. "I can't be in the wrong for doing stupid shit. It's the consumers: the ones paying me that are wrong".
Dan Olson stated it very clearly in his "Line Goes Up" video about NFTs - "the average buyer is ... someone who has very little experience with real businesses and production processes, thus are unlikely to be turned off by unrealistic claims... They are insecure about their lack of knowledge and this makes them very susceptible to ... be assured that the only reason for negativity is that critics just don't understand what they understand." Seems to fit anyone thinking this is legit to a tee.
Yeah I mean I work in business from a corporate standpoint and all the projects I see being pitched and the time line they put out for these NFT roadmaps is unreal. Not even major companies are that fast. Projects can take years and even then tons of fine tuning. Plus they also ignore all the costs, possible roadblocks and what to do if something isn’t working. A lot of these people in the NFT space feel extremely financially illiterate. So that makes them prime victims for scams.
Yeah, that video was amazing. I have never watched such a long video on RUclips and managed to be engaged the whole time. Educated and savage in equal measure.
There's something especially funny about Crypto bros trying to explain to multimillion dollar companies that their way of making their millions is "out of date" and their new totally stable and definitely back by something technology is the only way they're going to continue to exist. I don't think Wizards of the Coast needs help selling rare cardboard lmfao.
This argument of theirs is pretty much a MLM talking point. At least where I live, MLMs, Ponzi Schemes and scams in general will very often try to hook victims by saying that they are ways of people exercising entrepeneurship, and they are so "good" at it the victims will allegedly be able to compete with international corporations.
If WotC is going to be a dinosaur for not getting into Web 3, then I guess Google, Twitter, Microsoft, Apple, and Disney are all going to be dinosaurs too apparently
"Gamers have only experienced game economics intentionally designed to extract maximum value from players - convoluted and opaque..." And you are going fix that by adding another 5 layers that are even more convoluted, obscure, designed to extract EVEN MORE MONEY, potentially harmful (smart contracts)? That those people are even able to dress themselves. Every day. Without help.
@Martin Øverby in theory the smart contract can enforce the terms contract insofar as parts of the asset exist on the Blockchain are concerned. It can also enforce anything else, like giving transaction fees to the person who made the contract for every interaction. Or giving them access to your wallet so they can steal everything.
@Martin Øverby smart contracts are computer programs, capable of overseeing things as complex as the rules of a trading card game and mechanics for trading. A real legal contract could then point to the presented english description of a smart contract and how it was implemented to demonstrate a lack of deception. They're only as "legally binding" as an EULA... "you agreed this program could take your ETH and run, sorry."
One of the arguments I always bring up when talking about NFT is that it hasn't withstood legal tests in any countries AFAIK. Whelp, someone wants to try their luck with Wizards of the Coast, and this is probably not going to look good for NFT and all the people who own them.
How is this person going to pretend what they are doing is like a local game shop? If you were a local game shop downloading mtg card images, then holding your own special tournaments where the participants had to buy your special cards regardless of them already owning it, and WoC not getting any money from your production, stock, or sale, AND against WoC's express permission.... you're a thief. You're a con man. What you are doing is illegal.
They are not committing copyright infringement, only trademark infringement. They aren't selling proxies of official WotC cards, they're exploiting the good reputation built by WotC by using the Magic name to sell their useless service.
What's really dumb about some of these DAO crypto projects is they never answer the question of how does the use of blockchain tech make the project better than it would be without? Like, how is crypto-enhanced MTG tournament better than regular tournaments? It just seems like an extra layer of unnecessary complication.
I think you could use the justification that it would immediately make the tokens tradeable like the physical cards, without the explicit permissions and control of the creator? Of course, whoever's running the mtg ripoff game can still render them worthless by shutting the game down, or running off with the money. So it's only a benefit while the game is maintained and you want to put money into crypto to speculate on cards. Otherwise, like most blockchain applications, it's just the world's least efficient database.
Because the DAO profits off the extra obfuscation. S'really it. Practicality and functionality isn't the main driver. It's money. None of them seemed to get the memo that most people pay for convenience, not complication.
If this were a real project, made by CCG devs, and they made a CCG from scratch, they could choose to make the game itself decentralized, add a form of minting by winning antes from NPCs, etc., and the advantage of the blockchain would then be the whole thing would keep working when the DAO folds. That would be effort and risk, and not personally profitable. Stealing from WotC is so much easier.
As other people have said, I really can't wait for someone to try this on Disney. That's gonna go from "cease and desist" to "Federal House of Mouse code 33" has been passed in court.
I'm waiting for it too: as hard as it is knowing that Disney owns also Star wars franchise (as they butchered it), that will be the only moment I'll enjoy the Disney's "Execute Order 66" onto the entire NFT world :P
As someone who's in fitness circles where "we're gonna make it" is a genuinely supportive statement, it irks me to no end that 1. People abbreviate motivational statements, it reeks of exclusivity, and why would you ever try to be exclusive about support? And 2. That these guys are saying this to each other knowing full well that the only way they ever "make it" is off the backs of other people's bank accounts, most of which can't even afford to spend this kind of money but are taking the risk anyway. This is what scamming looks like in 2022
It's said with the same energy one would talk about their cult's deity or leader. I like to imagine a gathering of these guys being all in cloaks and automatically and robotically repeating "WAGMI" every time someone else says it a la "the greater good" in Hot Fuzz. ... I also imagine it being said phonetically so crypto bros in hoods going around telling their friends to "wag me!" does take a little bit of the edge off of the insanity of it all.
I can already see the lawyer reading through the email and having a 5 minute laugh afterwards before realizing that this guy really means what he is writing.
I'm surprised this NFT shit isn't plaguing KPOP yet, considering some fans go so far to pay hundred or even thousand of bucks for "rare" photocards, which is literally just a piece of printed glossy paper - similar to Pokemon or Magic the Gathering cards. I can only imagine how crazy they'd be if their oppa's photos become NFTs...
Just you wait those ppl pay to see entirely digital made up artists i wouldnt be surprised if those degenerates would pay for their idols digital panties
I think its probably because as I understand it South Korea has a good handle on crypto actually having some regulations. I believe last I heard initial coin offerings are illegal. I would imagine nfts might also be illegal. Its essentially an unregulated space in lots of places, not so much in SK.
Definition of web 3: The imagined right to steal whatever you want, do what ever you want, and charge the poor masses for the privilege. Yea, I want to be a part of web 3, who wouldn't wanna be absolutely screwed over all the time... These scammers are just amazing /smh
I don't want that...that sounds depressing. I am happy that I did not have to live thru the 1860's-1900's as a poor person lol. And I certainly do not want to see it come back
NFT: You're purchasing a recepit that says you have the right to claim that you are on someone's database. NFT Bro: I PURCHASED THE TOTAL RIGHTS TO THIS THING! Me: *facepalm*
For once, the guy behind this dumb DAO seemed to get what you are saying, and only wanted to use it to monitor a format (which is still quite stupid, but I digress)... Up until the part where he thought that if the DAO could buy the rights to the actual game, that would make any fucking difference.
Ah yes, buying a Dune script means you can licence the dune ip never mind Warner bros owns the rights Same dumb DAO with infringing wizards of the coast
@@tomcads1604 and as the Copyright holder 999 out of 1000 are not the one on the NFT project you can guess how much value the NFT have over the IP. Like Nintendo is not going to mint a NFT for any of its copyright. at best you can get a NFT for this specific color of a hat... mind you not for the iconic Red mario hat but a Mario hat whit some vomit green Star patter.
given what an absolute vampire WotC tends to be with every property it owns, monetizing the hell out of it in any way possible... the fact that even a company like that is lukewarm at best about this NFT thing should tell you a LOT about how informed people really feel about this fad...
I still love the comment at 13:00 saying "They aren't selling an IP. They are selling NFTs and a new game.".... Just because the Big Mac has a bunch of ingredients and characteristics that make it THE Big Mac, if I create a Vegetarian Burger with only 1 layer, different toppings and NO sauce but still call it Big Mac I'd STILL be guilty of copyright infringement. It's as if a new Mac Book Laptop came out, they call it the Big Mac and their defense is "Yeah but it isn't a Burger or can you eat it? Didn't think so." Jesus Christ how far up your own ass can one person be, thinking "I use pre coded open source technology to try and create some nicer looking JPEGs with code, so clearly I made something new and should own it" -.-
This "wild west" mentality of NFT/Crypto bros will single-handedly cause the downfall of any potential benefits that those currencies and platforms could offer. You don't just get to do what you or your community wants; you have to answer to your country's/international laws.
To be fair, as long as they have money they can ignore those laws. The only thing keeping them in line isn't that law, but the fact that they are going up against a corporation that has waaaaay more money than they do
They’re mostly the Libertarian types. They live in this weird bubble where they think that any law is a bad law and so they revel in having little to no regulations. Until of course someone take their monkeys lol.
NFT's are flawed at their core, they are a meme that's using meme's, dead, forced or legitimate to sell status. The problem with this is that memes have a short shelf life, they rarely persist and in six months your status symbol will be that of a dead meme.
NFT's how they are typically used with all their baggage like pictures or pieces of virtual land linked to it, yes. The underlying technology - i.e. the part the term NFT actually refers to - is fine. It should be used for more reasonable and constructive things, though, now that would be something.
I dare these crypto bros to even try to make a Mario or Link NFT. The Nintendo Ninjas would be dead on their a$$ before it got off the ground, much less make it to the moon.
From Feb last year (2021) - "The Wall Street Journal reported that Wizards of the Coast, based in Renton, Wash., posted revenue of $816 million for 2020, a 24% increase from 2019." NGMI....erm mate, what?
Last year made a little more over 500 million in profit. 1,2 billion in revenue. Pretty sure WotC can wait a few month and just see how NFT's develop before jumping on them. Even if that lost them 500 million in profit, they still survive. These cryptobro's are delusional.
This is why people in Crypto want anarchist capitalism. They can get away with all the scummy behavior they want without "big bad government" telling them what to do.
@@Hempujonsito Agreed. I don't think anarcho-capitalists really want anarcho-capitalism. Everyone but the top 0.0000001 % would be totally miserable. It's the same with many "libertarians" who are very much against immigration, abortion etc. I use to say that I'm far to liberal to be a libertarian and I want liberties to people too much to want to abolish all regulation.
@@Hempujonsito MtG's private army? Man, the Ancaps would be forced into serfdom by Amazon, Facebook or Google way sooner than they could even think of pirating MtG cards with the Blockchain.
I am all for supporting mtgDAO to go ahead with their plans... just so we can watch the legal trainwreck it will bring. Don't forget your popcorns when it happens.
Tbf I'm hyped. If there's something that can bring regulation to this shitshow is if the bros fuck with the wrong company. WotC, Disney, the company owning WH40k... Let them fuck up, enjoy the show, get nft regulated and hopefully see it die in a ditch
I’d honestly love to see them attempt to explain some dumbass NFTs to a boomer judge and trying to argue that they should be allowed to abuse copyright so they can defeat the entire purpose of having a digital card game.
Regarding the not nerfing anything part: According to Dan Olson (Folding Ideas) they would indeed not see it as bad. Because in their minds, they’re the ones with the overpowered item, they’re the ones stepping on others‘ throats. They are openly in favor of unjust systems because they’re convinced it will benefit them. It’s the epitome of everything crypto is about. They know it’s rigged and will always end with a few people winning big while the majority loses. But that’s fine, because imagine if *you‘re* one of the winners!
I think that is giving them too much credit. Some? Sure. But a good portion of people just see that there is money to be made, and a large portion of that good portion fully believe in it because...because. To simplify it a good deal, I believe they're fundamentally unintelligent and untalented people who want to feel like they're special for 'seeing what others don't'. For the same reasons some people believe in the more bizarre of conspiracies like the flat earth stuff. I'm a writer and the amount of contract work around to essentially manipulate people into the NFT/Crypto space is insane. Seriously. From writing articles about how a certain token is the next best thing, to literally getting payed to post messages about NFT's on discord servers or to make NFT related memes. Sure, there's people there who want to step on the throats of others, but the people we see heading most of these crappy NFT's aren't them. They're just as manipulated as those buying this shit. If they had the capabilities to think about the crypto and NFT industry enough to even come to the understanding that it's a flawed and unfair system, I'd expect them to be slightly more competent. In regards to how they run their...business? Their PR, etc. I really love Dan Olson's videos but my only real critique would be how he has a tendency to give these people too much credit in attempting to understand their perspective. Or at least he paints with a large brush. I'd say he hits the nail on the head for some of they key figures behind the rise in crypto/NFT's, but at the same time, I think it's fair to say that expecting complex reasons behind the actions and beliefs of simple people might be expecting too much.
What’s hilarious is that Wizards actually know VERY well the lesson of “don’t say you are committing to something in case you need to go against it later as it’ll make you look silly”. You see, back in the 90s some players were absolutely FURIOUS and thought Magic would die because Wizards had the gall to…reprint cards. And Wizards was actually paranoid about it so they then later stated that any rare cards from specific sets would NEVER get reprinted EVER, christened “The Reserved List”. Cut to now, and multiple formats are hard to be the best at specifically because some of the cards on “The List” are essentially mandatory in many of the best decks in the format. And Wizards can’t just reprint the cards or else possible legal consequences might happen
@@joshallen128 They legally cannot print them without facing legal threats. That's the point. In every other card game they could yes. WotC just made the very dumb decision of putting that statement of never reprinting certain sets in stone.
All these stupid NFT scams/projects seem like kids playing around with something they don't understand. I get a bit of a laugh out of them and it's hilarious to watch your videos and how poorly structured/misguided the management is of almost every single one. But I also agree with you completely, that it's going to be so hilarious when they start trying to actually progress these projects to the point where big lawyers get involved - and they are too pig-headed or overconfident to get their own legal advice and back down early before things escalate. They are going to get slapped down SO hard. Welcome to the real world, you don't make the rules here. Guess they may need to move to Cryptoland to live in their own fantasy bubble, where they make the laws that suit them 😄
mtgDAO is the equivalent of having to pay the card shop a percentage of the value of each card in your MtG deck to "license" its use in that shop's tournaments. Also, correct me if I'm wrong, but I'm pretty sure "unofficial" variants of these types of collectibles games (Cockatrice, Pokemon Showdown, etc.) are specifically lauded for allowing users to play with whatever cards / teams they want, actual ownership be damned. If we're going to pay for a license to use specific MtG cards online, that license better be officialy recognized by WotC.
back when MTG was big for us (when 4th edition was new), we used to play sleeves and just stuff a land in the sleeve with a little piece of paper that read "Jet", "Sap" or "BL" to emulate mox's or black lotus. :-D
Its actually the equivalent of paying me now to send u pictures of pokemon cards i screenshot off ebay of a counterfeit card someone is selling on ebay
I've always wanted to ask a NFT bro the following question: "What if I join your blockchain, buy one of your NFTs, copy the image on the other end of the NFT link, reupload that asset in a different server and then make that a NFT on a different blockchain? What can you do against it?"
You could do it on the same blockchain without buying anything, save the image and upload it to a server as long as the url is different the blockchain belives it to be a totally legitimate and unique thing because the string of data isn't the same as any pre existing string of data
Well considering there is no real legal precedent, and you don't technically own anything in the eyes of the law when it comes to Crypto crap. Nothing, they couldn't do anything really, they don't own any copyrights and even if they did the government is not going to recognize any of it as legitimate. Its like if children created a mud based economy on the playground and tried to bring a case to court about how Jimmie stole Sally's mud, its all valueless in the eyes of the govt.
@@BrooksFoodLooks "Minted first" doesn't mean anything for the associated artwork itself, though. The artwork could have existed long before the first NFT was associated with it and it could have existed outside of the NFT people space. So what bearing would "minted first" have on some associated external item in a legal context?
@@joshallen128 but if you serialize them, you eliminate the need for blockchain. # can be buried within like a watermark. this NFT thing will unravel I'm pretty sure tho it may take longer than a couple years
An issue MTG already deals with is the Reserved List which is generally hated by a large portion of the player base, and is a forced scarcity that was imposed by similar minded individuals via a nasty lawsuit that stops Wizards from Printing some of the oldest cards. Why would anyone who knows about the pain of buying into Magic want someone to more or less set that up again?
Is there somewhere I can learn more about that lawsuit? I always assumed it was Wizards willingly trying to inflate the value of cards to promote obsessive buying of current cards. Didn’t know there was a lawsuit involved.
@@piratebear3126 I am not sure where to best find more info, and it is a very old suit from when MTG first started up. General idea is that a group of people sued the rights holder of MTG as reprints "devalued their cards." The logic is generally viewed as shaky or absurd but it was before the brand had much money behind it. If I recall correctly it was an out of court settlement that has carried over until now. Biggest reason these days is Wizards has no pressing reason to reopen that fight. I collected most of what I know about it from various places whenever it got raised as a topic of discussion. I don't know of a reliable deep dive on the subject unfortunately.
@@piratebear3126 I'd be interested to see how the economics of that work out - it would promote more immediate sales, but for cards that become sought-after long term, they're unlikely to see the benefit of those high prices through the resale market.
@@daral9217 The was no lawsuit or anything along those lines with the reserved list.The reserved list was a promise made from Wotc back when they printed Chronicles and the "value" of out of print sets fell drastically.It was never a contract with the players.Wotc does not want to have that negative PR,but they definetly can print anything whenever they want.What are people gouing to do? Sue them "because my cardboard has xxx secondary market value"?
Yes but don't try explaining that to most people they are too stupid to understand that discrimination is only illegal in certain countries against certain groups.
I hope they keep going after bigger companies. The art theft on small artists is already so rampant. I’d LOVE to see the force of big IP lawyers mobilized to get some protections enforced that would ultimately help out the people who make art is their livelihood who can’t even get people to stop stealing and reselling it in the nft space.
I agree with you. A precedent has to be set to teach these NFT scammers a lesson. The problem when the law clamps down on stuff like this is that legitimate actors get punished too, because the pendulum will swing too far and things are going to be TOO restrictive and regulated instead.
@@oliver_twistor Yeah, it's the problem of trying to thread the gap between art theft and fair use. For example, I'd love for artists who draw fanart of pokemon to be able to sell their art, because a lot of love goes into crafting some of that art, but it sucks when people just blatantly steal someone else's work to profit off of.
@@abbey5899 I agree. Fan art is wonderful and I think it often would help the original brand. But those are the people who will be damaged the most by the legislator's heavy hand. Unfortunately. As you say, there is a difference between fair use and theft. I'm a programmer and most things I create I release open-source and free to use for anyone. I love to share and I think we all benefit by having as much culture as possible. But it's my steadfast opinion that it should be the copyright holder, and them alone, who should be deciding who if any can use their creations, and in what way.
@@abbey5899 Pokemon makes most of its money with merchendise, they won't allow that ever. On the other hand many people not associated with Pokemon are already making a shit ton of money by having Yotube channels and Instagram accounts dedicated to Pokemon. If you want easy success and money, just start a Pokemon channel and show your fan art there. Those channels often have hundreds of thousands and even millions of views.
OOOOOOOOOH I GET IT! I figured out why crypto bros care so much about owning things, it's because they can't think of an original idea or concept to save their fucking life!
@@HumanityAsCode if you believe my conspiracy theories. Arya realty is an advanced nft from the future trying to save humanity by getting us all to invest in earth 2
When this whole thing crashes like the Hindenburg, I won't be able to contain my delight. Everyone who takes a wash on this deserves everything they get.
I'm actually praying these idiots try to go to court or try to "buy" the IP from the owners, if anything, just so a precedent can be set that can scare all those techbro cultists off from keep trying to get rich quick with all this garbage.
To clarify, the two things people hate the most about modern magic is the Reserve List, that makes it so certain cards had a small limited run that would never be reprinted ever, and the secondhand markets making getting cards integral to decks expensive to buy. If you wanna play competitively, there's already a decent price to get in. This man wants to make every card be on the reserve list, and have an even bigger focus on the secondary market. What fun.
I just learned about you cancer from your titan video, and wanted to say best of luck with it and hope you get better soon. One of my favorite content creators for mmos
You keep telling folks what an NFT is and I'll keep watching and hitting that like button. The amount of friends and family I speak to who think an NFT means they own the original copy of some digital picture is astonishing. Stay safe and stay well rested brother. This shit is just the beginning
Copyright is the problem here. It's archaic and kept alive (and being made actively more stringent all the time) by Disney so their infinite content empire is never challenged.
The problem is no one understands or respects copyrights, trademarks and trade dress. The parasitic, remix, Y U mad bro? culture has bred a bunch of people who throw around words they don't understand in market segments they would literally destroy if left to their worldview. This is not just a crypto problem. This is a rampant problem throughout all media (music, movies, TV, comics, games, art, writing, etc.)
My mind breaks every time someone tries to explain an NFT. Either they downplay or oversell it. It is ownership of something, engraved in the public ledger of a blockchain, the end.
I cant say bad stuff about wizards as they help me to earn a living as sell magic in my store. On this nft though they are nuts. The copyright issue is plain to see to a layman.
It's about time that this shit gets legislated out if existence. The Dune book thing wasn't a manuscript, it was just a really early and rare copy which makes it a shame that it's not in a museum or somewhere safe and in just some fools hands.
I disagree about the last part. These types of videos absolutely need to be made. I own copyrights and trade marks myself, and these people are getting so ballzy that they try to cancel IP owners. So they can turn around and steal their IP. So yeah, this needs to be brought into the light. Good job bro...
There's a number of friends of mine who are music producers signed to large labels, who got their music stolen and minted as NFT's for that dogshit project before it got C&D'd in the ground
This won't be a collection of offenses that will result in any level of incarceration. But depending on how many pieces of artwork/cards eventually infringed on they may not be able to buy a pack of gum for the rest of their life as WoTC will go for the max monetary penalty for each individual piece of intellectual property, and may well get it as the DAO was warned of their infringement up front.
The fun part is that, if WotC allowed this, there is literally nothing stopping me from completely 1:1 copying this project… which I’m sure they’d hate… They own nothing so would have nothing to claim ownership over. Also, is it possible to mint an NFT of an NFT? Like, say, a bored ape NFT of a bored ape NFT?
"Learn by doing" is a perfectly valid way of doing things. However, it's probably not advisable when dealing with copyright law. That goes double if you're approaching Wizards of the Coast to test their gangster.
@8:00 As a gamer, I will say my thoughts on the matter is a bit different. I dislike it because there is almost no way in which artificial scarcity would look like a good thing to me. Also @9:50, in game currencies are not something that gamers dislike. There are plenty of games where a valid way of playing is literally just going from place to place buying low and selling high to make money. The only time gamers dislike in game money is when said in game money is obtained primarily through out of game money.
I especially like the part in their white paper where MTGDAO claims they could just buy WotC sometime in the future, as if they have a cool $10 billion just lying around.
Wouldnt that supposition of theirs rely on actually being able to sell the NFTs now and for years to come which as they arent allowed to legally do would likely mean giving WotC that 10 billion raised as part of damages and lost revenue's from copyright infringement. Tbh that claim just reminds me of a scene in bill and ted exelent adventure where they fight using "when i win i'll use the time machine to go back and do..." statements to make things happen.
So here's the thing they don't seem to understand. There's no precedent set yet for if copyright laws apply to NFTs. If you go to court now, do you think an 80-year old Supreme Court judge is going to understand the technology let alone any of the buzzwords you throw at them? No. They're just going to see you trying to sell someone else's IP which is de facto copyright infringement. You get sued, lose, and now you're the guy that tanked everyone's NFT "investments".
I love that they're trying this with MtG. Not only is it a SUPER litigious company, but MtG's cards are already scarce and work on their own economy. Some MtG cards go for thousands of dollars due to either rarity...or actual use-case value! Unlike NFTs, the expensive cards are expensive because they're either actually rare (low number of reprints) or the card does something incredible (like allowing a turn one win without setup) ...and the worst part is, like NFTs, MtG cards are kinda speculative. If a card gets a ruling that wrecks the card's effect, the price drops faster than Nintendo coming down on a fangame.
@@khanhnguyen-tt3ff Of course they can't physically stop you. They can make it incredibly expensive for you later with legal fees and settlement payments though.
@@milspectoothpick4119 Disney can make the government literally rewrite copyright laws to keep Mickey from hitting the public domain... i would not be so sure they can't have someone physically stop you...
@@milspectoothpick4119 lol I'm pretty sure the goverment can pass a law to banned nft and make all crypto transactions site pull the support form the nft market. Hell they dont even have to enforce it they can just announce it to the public and the nft market would crash with a minute of it, cause who would want to own a worthless nft that might let the goverment track and arrest you.
It's trademarks that need to be enforced or you might lose them, copyrights you can enforce or not on a whim. Although i'm fairly sure there's plenty of bits of MTG cards that are trademarked (like the symbols). Oddly all the patents (yes... actual patents) for the game mechanics are now long expired, so I can at least say "tap" to mean turn a card sideways rather than invent a new word every game. Oddly the "not nerfing stuff" is a problem in the gacha style games. As there have been court cases where a "nerf" fundamentally altered the value proposition of the purchase, although it only seems to be a short term thing (and concessions might just be to apease whales). No idea why such a thing wouldn't apply to other game mechanics. As much as I hate loot boxes, i'd be suprised if games like MTG don't get hit if they're ever legislated against - since boosters are just physical "loot boxes". Which sucks because drafting is great.
A lot of people are not aware of this, but the patents for Magic The Gathering expired in 2002; Just as soon as they expired all of a sudden a dozen similar card games started showing up internationally; First being Yu-Gi-Oh! (which had already been around in Japan since 1999) followed by several others which all utilize similar gameplay mechanics to that of Magic; Wizards can't sue them over this since their patents expired and you can not renew patents without forking out a lot of money and there is a limit on the number of renewals. Copyright and Trademarks is a different matter all together. Copyright expires 50 years after the death of the creator OR 100 years after the filing of the company. Trademarks are indefinite and are only void once a company loses it if it fails to contest it's use without permission.
i dont get how people can think this way ??? even at the base of it if i found someone using my art without my permission, i'd be pretty peeved - it happens an unfortunate amount in online spaces to smaller artists like me - but if they made NFTs out of it then id go out of my way to physically deliver a fist to their face
MTG is literally the only reason that I won't say NFTs have ZERO utility. I've had my physical cards destroyed a lot and would like a reliable method of digital collection. It was the first thing I thought of when I heard of what NFTs were. Unfortunate that utility has taken the back seat to financial speculation. Alas.
Semi-simplified: You are paying for a scrap of Data that COULD be a secure URL. ...or just garbage data, or even malware that will screw you over under certain conditions...
Wizards of the Coast is not one to play fuck around and find out. This just bringing up that old commercial with the old lady saying "that's not how this works, thats not how any of this works." In the end Wow. just wow. This will be a trainwreck worth watching if they go through with it.
I still don't understand the point of an NFT. I understand the concept of what they are, but I don't understand why anyone would want one other than to turn around and sell it for a profit. I honestly think that'll be the downfall of most NFTs.
Crypto crowd has managed to convince many that blockckain is the future of the Internet, so people should get on board early to profit, as NFTs they are buying will only get more and more valuable.
The thing I find frustrated is the lack of awareness of "Eve online". It has the most sophisticated virtual economy I've ever scene. Nothing else comes close.. The game is almost 20yrs old at this point. Yet so of these crypto people think that they are first to market. They are the visionaries. And crypto/NFT are required for it to work. Total BS.
These people do not understand that polite savage is the most based and will destroy you if you cross them. Destroy you in the most polite way, and make you cry.
I've noticed a lot of folk have trouble understanding rights when it comes to goods that can be accessed digitally. Just because you can make an unauthorized copy doesn't mean you have a right to. When you make unauthorized copies and use them for profit, that's theft. You could argue you're not depriving them of the use of the thing, but that's not the point. The point is you're a freeloader, stealing someone else's work, and using it to make money, without permission and without any agreement to share the proceeds of those sales.
The sad thing is, I would LOVE to see a animation of Jodorovsky's[sp] Dune, but these cryptobros have probably forever killed the possibility of seeing it now.
Did you know that there is a Lord of the rings DAO on twitter... yeah! I don't think they will succeed in buying up ALL THE RIGHTS of Lord of the Rings!
It's about the same equivalent of a card shop minting their own mtg expansion set and selling it in the local shop. Wotc would be crazy not to protect their copyright.
Imagine if they start selling Invoke Prejudice as an NFT and the blame and brand damage goes to Wizards of the Coast. I'm glad that WotC shut those guys down.
It seems the main thought process has become: "I want crypto to be uselessly tacked on to stuff, and I'm smart. So clearly everyone else must also see the value in uselessly tacking crypto onto stuff".
@@SacredCASHcow With a lot of "none of my bad choices can ever be MY fault" mixed in.
I get gambling machines, but keep that shit seperate from actual games. They should make a new ESRB rating for any games with nfts same as gambling for adults. Fuck nfts AND microtransactions when i pay 60 bucks for a game. GIVE ME THE GAME I PAID FOR.
These people don't create their own shit because that's where the effort is at. They don't want to put real effort into their projects because the rug will get pulled.
@@TheEgalisator that's the thought process of pretty much everyone in a position of power nowadays. "I can't be in the wrong for doing stupid shit. It's the consumers: the ones paying me that are wrong".
whaddaya mean i cant just copy and paste other peoples work for free money
have you seen how much my shitty monkey is worth clearly ur wrong
Dan Olson stated it very clearly in his "Line Goes Up" video about NFTs - "the average buyer is ... someone who has very little experience with real businesses and production processes, thus are unlikely to be turned off by unrealistic claims... They are insecure about their lack of knowledge and this makes them very susceptible to ... be assured that the only reason for negativity is that critics just don't understand what they understand."
Seems to fit anyone thinking this is legit to a tee.
I love Dan Olson's stuff. I don't always agree with his conclusions, but it's always interesting to watch.
Yeah I mean I work in business from a corporate standpoint and all the projects I see being pitched and the time line they put out for these NFT roadmaps is unreal. Not even major companies are that fast. Projects can take years and even then tons of fine tuning. Plus they also ignore all the costs, possible roadblocks and what to do if something isn’t working. A lot of these people in the NFT space feel extremely financially illiterate. So that makes them prime victims for scams.
Yeah, that video was amazing. I have never watched such a long video on RUclips and managed to be engaged the whole time. Educated and savage in equal measure.
@@idontevenknow9758 they are also technology illiterate and lack the filter to see bullsh*t over on internet.
That video was everything you need to know about NFTs far as I can tell 😂
There's something especially funny about Crypto bros trying to explain to multimillion dollar companies that their way of making their millions is "out of date" and their new totally stable and definitely back by something technology is the only way they're going to continue to exist. I don't think Wizards of the Coast needs help selling rare cardboard lmfao.
Hasbro clearly doesn't understand what an NFT is and they're trying to buy a little time with a lawsuit before they release their own mtg NFT's
Ikr? I’m sure WotC executives are crying into their pools of money reading those mean tweets…
This argument of theirs is pretty much a MLM talking point. At least where I live, MLMs, Ponzi Schemes and scams in general will very often try to hook victims by saying that they are ways of people exercising entrepeneurship, and they are so "good" at it the victims will allegedly be able to compete with international corporations.
@@CrosswaIk MTG: online and MTG: Arena are both profitable. Litterally selling 1s and 0s. Except online can cash out and get the cards mailed to you.
If WotC is going to be a dinosaur for not getting into Web 3, then I guess Google, Twitter, Microsoft, Apple, and Disney are all going to be dinosaurs too apparently
"Gamers have only experienced game economics intentionally designed to extract maximum value from players - convoluted and opaque..."
And you are going fix that by adding another 5 layers that are even more convoluted, obscure, designed to extract EVEN MORE MONEY, potentially harmful (smart contracts)?
That those people are even able to dress themselves. Every day. Without help.
This. Exactly this. I wonder if these people will ever realize how incredibly stupid they are.
I don't think they are able to dress themselves. They don't live with their parents for nothin'
@Martin Øverby in theory the smart contract can enforce the terms contract insofar as parts of the asset exist on the Blockchain are concerned. It can also enforce anything else, like giving transaction fees to the person who made the contract for every interaction. Or giving them access to your wallet so they can steal everything.
@Martin Øverby smart contracts are computer programs, capable of overseeing things as complex as the rules of a trading card game and mechanics for trading. A real legal contract could then point to the presented english description of a smart contract and how it was implemented to demonstrate a lack of deception. They're only as "legally binding" as an EULA... "you agreed this program could take your ETH and run, sorry."
I love the cryptobro logic here:
Players hate NFTs, Wizards ngmi. Buy our NFTs instead!
One of the arguments I always bring up when talking about NFT is that it hasn't withstood legal tests in any countries AFAIK. Whelp, someone wants to try their luck with Wizards of the Coast, and this is probably not going to look good for NFT and all the people who own them.
Yeah, the "wizards" of wizards of the coast are the legal team. These clowns would be obliterated.
@@zenko4187 and i bet the wizards have other wizard friends in other sue crazed companies **hasbro** that will love to help their little children
They better start that first crypto island nation to legalise copyright infringement.
@@Souls4Roca Wizards of the Coast is now actually a full division *of* Hasbro, FYI.
@@JohnSmith-ox3gy Cryptoland: *_Hello there_*
How is this person going to pretend what they are doing is like a local game shop? If you were a local game shop downloading mtg card images, then holding your own special tournaments where the participants had to buy your special cards regardless of them already owning it, and WoC not getting any money from your production, stock, or sale, AND against WoC's express permission.... you're a thief. You're a con man. What you are doing is illegal.
They are not committing copyright infringement, only trademark infringement. They aren't selling proxies of official WotC cards, they're exploiting the good reputation built by WotC by using the Magic name to sell their useless service.
@@alexholker1309 good reputation...WotC...pick one.
@@JM-mh1pp hasbro buying out WOTC was their downfall.
Yeah, but web 3.0, bro.
Remove the copywritten art and trademarked branding, and that's 100% legal!*
(*Not a lawyer, not legal advice.)
The primary cause of "discrimination" against cryptobros is cryptobros
Remember ids, its morally correct to bully cryptobros and screenshot NFTS
As a gay man, I approve of this discrimination! :D
@@MrTerribleLie Why would it be required to screenshot NFTs? Something that ugly should never be duplicated. I agree with the bullying part though.
@@MrTerribleLie Then I understood your joke wrong. I thougth you were saying it's required to bully cryptobros AND screenshot NFTs.
What's really dumb about some of these DAO crypto projects is they never answer the question of how does the use of blockchain tech make the project better than it would be without? Like, how is crypto-enhanced MTG tournament better than regular tournaments? It just seems like an extra layer of unnecessary complication.
I think you could use the justification that it would immediately make the tokens tradeable like the physical cards, without the explicit permissions and control of the creator? Of course, whoever's running the mtg ripoff game can still render them worthless by shutting the game down, or running off with the money. So it's only a benefit while the game is maintained and you want to put money into crypto to speculate on cards. Otherwise, like most blockchain applications, it's just the world's least efficient database.
Right, for many years there have been existing fan projects that do exactly what they envision (let alone official MTG games online).
This is kind of like Rick's "car battery" its just copyright infringement ... with extra steps
Because the DAO profits off the extra obfuscation.
S'really it. Practicality and functionality isn't the main driver. It's money.
None of them seemed to get the memo that most people pay for convenience, not complication.
If this were a real project, made by CCG devs, and they made a CCG from scratch, they could choose to make the game itself decentralized, add a form of minting by winning antes from NPCs, etc., and the advantage of the blockchain would then be the whole thing would keep working when the DAO folds.
That would be effort and risk, and not personally profitable. Stealing from WotC is so much easier.
As other people have said, I really can't wait for someone to try this on Disney. That's gonna go from "cease and desist" to "Federal House of Mouse code 33" has been passed in court.
I'm waiting for it too: as hard as it is knowing that Disney owns also Star wars franchise (as they butchered it), that will be the only moment I'll enjoy the Disney's "Execute Order 66" onto the entire NFT world :P
“Cease and desist”? More like “cease to exist”
As someone who's in fitness circles where "we're gonna make it" is a genuinely supportive statement, it irks me to no end that 1. People abbreviate motivational statements, it reeks of exclusivity, and why would you ever try to be exclusive about support? And 2. That these guys are saying this to each other knowing full well that the only way they ever "make it" is off the backs of other people's bank accounts, most of which can't even afford to spend this kind of money but are taking the risk anyway.
This is what scamming looks like in 2022
'Tis a greater fools scam.
It's said with the same energy one would talk about their cult's deity or leader. I like to imagine a gathering of these guys being all in cloaks and automatically and robotically repeating "WAGMI" every time someone else says it a la "the greater good" in Hot Fuzz.
... I also imagine it being said phonetically so crypto bros in hoods going around telling their friends to "wag me!" does take a little bit of the edge off of the insanity of it all.
I can already see the lawyer reading through the email and having a 5 minute laugh afterwards before realizing that this guy really means what he is writing.
Copyright law probably isn't the area to "learn by doing", that sounds like a recipe for a bad time.
I learnt that the hard way at university
LOL
The checkmark stole your comment, be proud
Sounds more like 'mess around and find out'
China found out. Became the world's richest economy.
I'm surprised this NFT shit isn't plaguing KPOP yet, considering some fans go so far to pay hundred or even thousand of bucks for "rare" photocards, which is literally just a piece of printed glossy paper - similar to Pokemon or Magic the Gathering cards. I can only imagine how crazy they'd be if their oppa's photos become NFTs...
Just you wait those ppl pay to see entirely digital made up artists i wouldnt be surprised if those degenerates would pay for their idols digital panties
I think Hybe has proposed something like that 💀 Hopefully the backlash woke them up
KPOP you say? Thousand of bucks you say? Well welcome to KPOP-DAO!
@@ronrolfsen3977 GG no!
I think its probably because as I understand it South Korea has a good handle on crypto actually having some regulations. I believe last I heard initial coin offerings are illegal. I would imagine nfts might also be illegal. Its essentially an unregulated space in lots of places, not so much in SK.
Definition of web 3: The imagined right to steal whatever you want, do what ever you want, and charge the poor masses for the privilege.
Yea, I want to be a part of web 3, who wouldn't wanna be absolutely screwed over all the time... These scammers are just amazing /smh
And buying up digital land and making people going to work in the metaverse.
I don't want that...that sounds
depressing. I am happy that I did not have to live thru the 1860's-1900's as a poor person lol.
And I certainly do not want to see it come back
@@jaymevosburgh3660 you mean you don't want to be forced to live and work in a virtual company town?!
I love how they're saying "NGM" to a company that's about to celebrate its 30th anniversary. These crypto kids are too funny.
NFT: You're purchasing a recepit that says you have the right to claim that you are on someone's database.
NFT Bro: I PURCHASED THE TOTAL RIGHTS TO THIS THING!
Me: *facepalm*
For once, the guy behind this dumb DAO seemed to get what you are saying, and only wanted to use it to monitor a format (which is still quite stupid, but I digress)... Up until the part where he thought that if the DAO could buy the rights to the actual game, that would make any fucking difference.
Ah yes, buying a Dune script means you can licence the dune ip never mind Warner bros owns the rights
Same dumb DAO with infringing wizards of the coast
hey guys look at my shiny nft in my new videogame
*gets sued*
There are some NFT's where you do buy the copyright with the purchase, but it is not automatic
@@tomcads1604 and as the Copyright holder 999 out of 1000 are not the one on the NFT project you can guess how much value the NFT have over the IP.
Like Nintendo is not going to mint a NFT for any of its copyright.
at best you can get a NFT for this specific color of a hat... mind you not for the iconic Red mario hat but a Mario hat whit some vomit green Star patter.
given what an absolute vampire WotC tends to be with every property it owns, monetizing the hell out of it in any way possible... the fact that even a company like that is lukewarm at best about this NFT thing should tell you a LOT about how informed people really feel about this fad...
yep, it really says a LOT about just how bad NFTs are
Even EA is hesitant about NFTs. That's when you know something is up.
The Cryptobros can pay up or go to court, fk those scammers, they ain't nothing but modern age thieves.
"fk those scammers"
No thanks, I don't want to get an NFT
Try creating a "Coca Cola" NFT. See how fast you get hit with a 'Cease and Desist'. Same with any recognizable brand.
Nintendo would be that company to do something and slam them hard for it
Prisoner 1: What are you guys in here for ?
Prisoner 2: I robbed a store.
Prisoner 3: I murdered someone.
Prisoner 4: I made and sold Mario NFTs.
But then the Crypto bros would respond with a "Cease & Decease"
I still love the comment at 13:00 saying "They aren't selling an IP. They are selling NFTs and a new game.".... Just because the Big Mac has a bunch of ingredients and characteristics that make it THE Big Mac, if I create a Vegetarian Burger with only 1 layer, different toppings and NO sauce but still call it Big Mac I'd STILL be guilty of copyright infringement.
It's as if a new Mac Book Laptop came out, they call it the Big Mac and their defense is "Yeah but it isn't a Burger or can you eat it? Didn't think so."
Jesus Christ how far up your own ass can one person be, thinking "I use pre coded open source technology to try and create some nicer looking JPEGs with code, so clearly I made something new and should own it" -.-
@mrdoe97 Disney will fek you up. You are 1000% correct. Dont fek with the Mouse.
I've been playing real-life TCGs my entire life and I just can't understand why someone would buy into an NFT TCG.
This "wild west" mentality of NFT/Crypto bros will single-handedly cause the downfall of any potential benefits that those currencies and platforms could offer. You don't just get to do what you or your community wants; you have to answer to your country's/international laws.
To be fair, as long as they have money they can ignore those laws. The only thing keeping them in line isn't that law, but the fact that they are going up against a corporation that has waaaaay more money than they do
They’re mostly the Libertarian types. They live in this weird bubble where they think that any law is a bad law and so they revel in having little to no regulations. Until of course someone take their monkeys lol.
They're complete fools if they think the money they make is gonna make them invincible to literal trillion dollar megacorporation...
NFT's are flawed at their core, they are a meme that's using meme's, dead, forced or legitimate to sell status.
The problem with this is that memes have a short shelf life, they rarely persist and in six months your status symbol will be that of a dead meme.
NFT's how they are typically used with all their baggage like pictures or pieces of virtual land linked to it, yes. The underlying technology - i.e. the part the term NFT actually refers to - is fine. It should be used for more reasonable and constructive things, though, now that would be something.
I like how the argument boils down to "they just don't know it is good yet" type of mentality.
I dare these crypto bros to even try to make a Mario or Link NFT. The Nintendo Ninjas would be dead on their a$$ before it got off the ground, much less make it to the moon.
From Feb last year (2021) - "The Wall Street Journal reported that Wizards of the Coast, based in Renton, Wash., posted revenue of $816 million for 2020, a 24% increase from 2019."
NGMI....erm mate, what?
Last year made a little more over 500 million in profit. 1,2 billion in revenue. Pretty sure WotC can wait a few month and just see how NFT's develop before jumping on them. Even if that lost them 500 million in profit, they still survive. These cryptobro's are delusional.
@@ronrolfsen3977 they made 40% of revenue in profit, jup definetly need an NFT induced cash injection.
This is why people in Crypto want anarchist capitalism. They can get away with all the scummy behavior they want without "big bad government" telling them what to do.
In an ancap environment, MtG's private army would've already capped their asses 🤷🏻♂️
@@Hempujonsito Agreed. I don't think anarcho-capitalists really want anarcho-capitalism. Everyone but the top 0.0000001 % would be totally miserable. It's the same with many "libertarians" who are very much against immigration, abortion etc. I use to say that I'm far to liberal to be a libertarian and I want liberties to people too much to want to abolish all regulation.
@@Hempujonsito MtG's private army? Man, the Ancaps would be forced into serfdom by Amazon, Facebook or Google way sooner than they could even think of pirating MtG cards with the Blockchain.
@@einsiedler5075 Wouldn't the favoured method of attack by MtG be death by 1000 paper cuts?
But when someone else does something scammy to them, they cry to central authorities to fix it. Funny how that works....
I am all for supporting mtgDAO to go ahead with their plans... just so we can watch the legal trainwreck it will bring. Don't forget your popcorns when it happens.
Tbf I'm hyped. If there's something that can bring regulation to this shitshow is if the bros fuck with the wrong company.
WotC, Disney, the company owning WH40k...
Let them fuck up, enjoy the show, get nft regulated and hopefully see it die in a ditch
...and how does that make you feel, Mr Horse?!
I’d honestly love to see them attempt to explain some dumbass NFTs to a boomer judge and trying to argue that they should be allowed to abuse copyright so they can defeat the entire purpose of having a digital card game.
Regarding the not nerfing anything part: According to Dan Olson (Folding Ideas) they would indeed not see it as bad. Because in their minds, they’re the ones with the overpowered item, they’re the ones stepping on others‘ throats. They are openly in favor of unjust systems because they’re convinced it will benefit them.
It’s the epitome of everything crypto is about. They know it’s rigged and will always end with a few people winning big while the majority loses. But that’s fine, because imagine if *you‘re* one of the winners!
It relied on Pride
Yep every one of the crypto bros i've seen are just in it for the chance of getting big money while throwing money at it. Just so dumb.
@@novaangle2183 Greed and Pride my man, Greed and Pride
I think that is giving them too much credit. Some? Sure. But a good portion of people just see that there is money to be made, and a large portion of that good portion fully believe in it because...because. To simplify it a good deal, I believe they're fundamentally unintelligent and untalented people who want to feel like they're special for 'seeing what others don't'. For the same reasons some people believe in the more bizarre of conspiracies like the flat earth stuff. I'm a writer and the amount of contract work around to essentially manipulate people into the NFT/Crypto space is insane. Seriously. From writing articles about how a certain token is the next best thing, to literally getting payed to post messages about NFT's on discord servers or to make NFT related memes. Sure, there's people there who want to step on the throats of others, but the people we see heading most of these crappy NFT's aren't them. They're just as manipulated as those buying this shit.
If they had the capabilities to think about the crypto and NFT industry enough to even come to the understanding that it's a flawed and unfair system, I'd expect them to be slightly more competent. In regards to how they run their...business? Their PR, etc.
I really love Dan Olson's videos but my only real critique would be how he has a tendency to give these people too much credit in attempting to understand their perspective. Or at least he paints with a large brush. I'd say he hits the nail on the head for some of they key figures behind the rise in crypto/NFT's, but at the same time, I think it's fair to say that expecting complex reasons behind the actions and beliefs of simple people might be expecting too much.
"It's ok because we're the ones that will be making up the rules and will be favorable to us!"
What’s hilarious is that Wizards actually know VERY well the lesson of “don’t say you are committing to something in case you need to go against it later as it’ll make you look silly”. You see, back in the 90s some players were absolutely FURIOUS and thought Magic would die because Wizards had the gall to…reprint cards. And Wizards was actually paranoid about it so they then later stated that any rare cards from specific sets would NEVER get reprinted EVER, christened “The Reserved List”.
Cut to now, and multiple formats are hard to be the best at specifically because some of the cards on “The List” are essentially mandatory in many of the best decks in the format. And Wizards can’t just reprint the cards or else possible legal consequences might happen
At least they have a viable solution for that - Tournament formats, draft and pre-constructed, where those cards are not allowed.
It's like inflation... Can't you just print out more cards?
@@joshallen128 They legally cannot print them without facing legal threats. That's the point. In every other card game they could yes. WotC just made the very dumb decision of putting that statement of never reprinting certain sets in stone.
@@D_Abellus I wonder if Hasbro can reprint them in board games since if wizards can't then maybe Hasbro gaming could
@@joshallen128 In this case it seems like deflation.
New cards will not be made, so everyone wants to hold onto what they have
All these stupid NFT scams/projects seem like kids playing around with something they don't understand. I get a bit of a laugh out of them and it's hilarious to watch your videos and how poorly structured/misguided the management is of almost every single one.
But I also agree with you completely, that it's going to be so hilarious when they start trying to actually progress these projects to the point where big lawyers get involved - and they are too pig-headed or overconfident to get their own legal advice and back down early before things escalate. They are going to get slapped down SO hard. Welcome to the real world, you don't make the rules here.
Guess they may need to move to Cryptoland to live in their own fantasy bubble, where they make the laws that suit them 😄
... and then discover that Cryptoland is just "Fiji", and they're bound by the laws of Fiji. Whoops!
They are not kids, there are real scammers who makes profit on it. Cos some stupid people pays for this shit real money.
All NFT buyers need reality check
mtgDAO is the equivalent of having to pay the card shop a percentage of the value of each card in your MtG deck to "license" its use in that shop's tournaments.
Also, correct me if I'm wrong, but I'm pretty sure "unofficial" variants of these types of collectibles games (Cockatrice, Pokemon Showdown, etc.) are specifically lauded for allowing users to play with whatever cards / teams they want, actual ownership be damned.
If we're going to pay for a license to use specific MtG cards online, that license better be officialy recognized by WotC.
back when MTG was big for us (when 4th edition was new), we used to play sleeves and just stuff a land in the sleeve with a little piece of paper that read "Jet", "Sap" or "BL" to emulate mox's or black lotus. :-D
Its actually the equivalent of paying me now to send u pictures of pokemon cards i screenshot off ebay of a counterfeit card someone is selling on ebay
Actually you're more right i didnt watch the full video lmaoooo yes this makes less sense now..lmfaoo
The dose of reality will hit when someone pulls some NFT copyright shit with Disney. Good luck to whoever that's going to be.
Someone already did: see earlier KiraTV video ruclips.net/video/LMk0SEi93nY/видео.html
@@LWT80 lmao no way I actually didn't know
@@studiesinflux1304 oh yea forgot about that. Surprised Disney hasn't dropped an atom bomb of lawsuits on their hq yet.
@@LWT80 Like hell they did, literally 30 secs of checking Google shows that WotC is still owned by Hasbro
@@jayray917 not true i was getting trolled
I've always wanted to ask a NFT bro the following question: "What if I join your blockchain, buy one of your NFTs, copy the image on the other end of the NFT link, reupload that asset in a different server and then make that a NFT on a different blockchain? What can you do against it?"
You could do it on the same blockchain without buying anything, save the image and upload it to a server as long as the url is different the blockchain belives it to be a totally legitimate and unique thing because the string of data isn't the same as any pre existing string of data
Well considering there is no real legal precedent, and you don't technically own anything in the eyes of the law when it comes to Crypto crap. Nothing, they couldn't do anything really, they don't own any copyrights and even if they did the government is not going to recognize any of it as legitimate. Its like if children created a mud based economy on the playground and tried to bring a case to court about how Jimmie stole Sally's mud, its all valueless in the eyes of the govt.
@@BrooksFoodLooks "Minted first" doesn't mean anything for the associated artwork itself, though. The artwork could have existed long before the first NFT was associated with it and it could have existed outside of the NFT people space. So what bearing would "minted first" have on some associated external item in a legal context?
@@uNiels_Heart well manufactured first on a certain date with serial number model number like with tvs
@@joshallen128 but if you serialize them, you eliminate the need for blockchain. # can be buried within like a watermark. this NFT thing will unravel I'm pretty sure tho it may take longer than a couple years
An issue MTG already deals with is the Reserved List which is generally hated by a large portion of the player base, and is a forced scarcity that was imposed by similar minded individuals via a nasty lawsuit that stops Wizards from Printing some of the oldest cards. Why would anyone who knows about the pain of buying into Magic want someone to more or less set that up again?
Is there somewhere I can learn more about that lawsuit? I always assumed it was Wizards willingly trying to inflate the value of cards to promote obsessive buying of current cards. Didn’t know there was a lawsuit involved.
@@piratebear3126 I am not sure where to best find more info, and it is a very old suit from when MTG first started up. General idea is that a group of people sued the rights holder of MTG as reprints "devalued their cards." The logic is generally viewed as shaky or absurd but it was before the brand had much money behind it. If I recall correctly it was an out of court settlement that has carried over until now. Biggest reason these days is Wizards has no pressing reason to reopen that fight.
I collected most of what I know about it from various places whenever it got raised as a topic of discussion. I don't know of a reliable deep dive on the subject unfortunately.
@@piratebear3126 I'd be interested to see how the economics of that work out - it would promote more immediate sales, but for cards that become sought-after long term, they're unlikely to see the benefit of those high prices through the resale market.
@@daral9217 The was no lawsuit or anything along those lines with the reserved list.The reserved list was a promise made from Wotc back when they printed Chronicles and the "value" of out of print sets fell drastically.It was never a contract with the players.Wotc does not want to have that negative PR,but they definetly can print anything whenever they want.What are people gouing to do? Sue them "because my cardboard has xxx secondary market value"?
@@nikospolitis5635 And I am fairly certain that promise was made because lawsuits were filed. It never actually hit court to my knowledge.
That's a lot of words for "I'm crying because I couldn't profit off of someone else's work"
Wouldn't discriminating against cryptobros be, like, legal, by the way? They're not a protected class
Yes but don't try explaining that to most people they are too stupid to understand that discrimination is only illegal in certain countries against certain groups.
You don't ever have to protect your copyright, you never lose it in this way. That's trademark.
I hope they keep going after bigger companies. The art theft on small artists is already so rampant. I’d LOVE to see the force of big IP lawyers mobilized to get some protections enforced that would ultimately help out the people who make art is their livelihood who can’t even get people to stop stealing and reselling it in the nft space.
I agree with you. A precedent has to be set to teach these NFT scammers a lesson. The problem when the law clamps down on stuff like this is that legitimate actors get punished too, because the pendulum will swing too far and things are going to be TOO restrictive and regulated instead.
@@oliver_twistor Yeah, it's the problem of trying to thread the gap between art theft and fair use. For example, I'd love for artists who draw fanart of pokemon to be able to sell their art, because a lot of love goes into crafting some of that art, but it sucks when people just blatantly steal someone else's work to profit off of.
@@abbey5899 I agree. Fan art is wonderful and I think it often would help the original brand. But those are the people who will be damaged the most by the legislator's heavy hand. Unfortunately. As you say, there is a difference between fair use and theft. I'm a programmer and most things I create I release open-source and free to use for anyone. I love to share and I think we all benefit by having as much culture as possible. But it's my steadfast opinion that it should be the copyright holder, and them alone, who should be deciding who if any can use their creations, and in what way.
@@abbey5899 Pokemon makes most of its money with merchendise, they won't allow that ever. On the other hand many people not associated with Pokemon are already making a shit ton of money by having Yotube channels and Instagram accounts dedicated to Pokemon. If you want easy success and money, just start a Pokemon channel and show your fan art there. Those channels often have hundreds of thousands and even millions of views.
OOOOOOOOOH I GET IT! I figured out why crypto bros care so much about owning things, it's because they can't think of an original idea or concept to save their fucking life!
That's not true! Conny for Cryptoland is recognizable original crypto character!
I think they outsourced conny
@@HumanityAsCode if you believe my conspiracy theories. Arya realty is an advanced nft from the future trying to save humanity by getting us all to invest in earth 2
When this whole thing crashes like the Hindenburg, I won't be able to contain my delight. Everyone who takes a wash on this deserves everything they get.
When you use "it's better to ask for forgiveness than permission" in cases where exactly the opposite is true.
It's always the opposite of true.
When has someone doing what is right and good needed to ask for forgiveness instead of permission?
finally u explained that nft is actually an "excell cell" with a link in it! nft explained very well Kira
"scarce pieces of cardboard that people pay lots of money for" haha glad someone else sees it for what it is.
I'm actually praying these idiots try to go to court or try to "buy" the IP from the owners, if anything, just so a precedent can be set that can scare all those techbro cultists off from keep trying to get rich quick with all this garbage.
Amazing how this video was preceded by an ad for NFTs, calling crypto on its own the equivalent of riding horseback in a world of cars.
To clarify, the two things people hate the most about modern magic is the Reserve List, that makes it so certain cards had a small limited run that would never be reprinted ever, and the secondhand markets making getting cards integral to decks expensive to buy. If you wanna play competitively, there's already a decent price to get in.
This man wants to make every card be on the reserve list, and have an even bigger focus on the secondary market. What fun.
The best part of this lunacy is that you will never run out of content. I have to focus on the positive man... I have to... 😁
mtgDAO's Mom: Honey, clean your room
mtgDAO as a child: You are violating my rights. Not going to make it.
I just learned about you cancer from your titan video, and wanted to say best of luck with it and hope you get better soon. One of my favorite content creators for mmos
You keep telling folks what an NFT is and I'll keep watching and hitting that like button.
The amount of friends and family I speak to who think an NFT means they own the original copy of some digital picture is astonishing.
Stay safe and stay well rested brother. This shit is just the beginning
Gotta love their enthusiasm, getting a cease & desist letter and calling it "a very polite email". 😆
Also god I hope magic the gathering doesn't do NFTs. I barely trust WotC enough to run MtgO and MtgA
The rumors I've heard is WotC really want to do NFTs, but they want to avoid the backlash associated with NFTs more.
@@budgetDM Damn, they're still caring about their reputation?
Copyright is the problem here. It's archaic and kept alive (and being made actively more stringent all the time) by Disney so their infinite content empire is never challenged.
Wow. They’re entitlement skill is over 9000!
The problem is no one understands or respects copyrights, trademarks and trade dress. The parasitic, remix, Y U mad bro? culture has bred a bunch of people who throw around words they don't understand in market segments they would literally destroy if left to their worldview. This is not just a crypto problem. This is a rampant problem throughout all media (music, movies, TV, comics, games, art, writing, etc.)
My mind breaks every time someone tries to explain an NFT. Either they downplay or oversell it. It is ownership of something, engraved in the public ledger of a blockchain, the end.
NFTs are a cult. That's why they need to repeat 'We Will Make It' and 'Not Gonna Make It'.
I cant say bad stuff about wizards as they help me to earn a living as sell magic in my store. On this nft though they are nuts. The copyright issue is plain to see to a layman.
It's about time that this shit gets legislated out if existence.
The Dune book thing wasn't a manuscript, it was just a really early and rare copy which makes it a shame that it's not in a museum or somewhere safe and in just some fools hands.
I disagree about the last part. These types of videos absolutely need to be made. I own copyrights and trade marks myself, and these people are getting so ballzy that they try to cancel IP owners. So they can turn around and steal their IP.
So yeah, this needs to be brought into the light.
Good job bro...
There's a number of friends of mine who are music producers signed to large labels, who got their music stolen and minted as NFT's for that dogshit project before it got C&D'd in the ground
That person who bought all the land cards: :)
Also copyright infringement like this should land the idiot in jail
This won't be a collection of offenses that will result in any level of incarceration. But depending on how many pieces of artwork/cards eventually infringed on they may not be able to buy a pack of gum for the rest of their life as WoTC will go for the max monetary penalty for each individual piece of intellectual property, and may well get it as the DAO was warned of their infringement up front.
The fun part is that, if WotC allowed this, there is literally nothing stopping me from completely 1:1 copying this project… which I’m sure they’d hate…
They own nothing so would have nothing to claim ownership over.
Also, is it possible to mint an NFT of an NFT? Like, say, a bored ape NFT of a bored ape NFT?
wotc is owned by hasbro which owned by disney no ?. no shot they gonna let it slide.
"Learn by doing" is a perfectly valid way of doing things. However, it's probably not advisable when dealing with copyright law. That goes double if you're approaching Wizards of the Coast to test their gangster.
As Yoda put it, do or do not; there is no try.
And it's Hasbro's lawyers behind wotc, and they're all about copyright and IP as their bread and butter, so I guess you gotta start somewhere?
"These people own this thing and I like it so I'm just gonna take it for myself" The true NFT mindset right there. In their own words they are ngmi
@8:00 As a gamer, I will say my thoughts on the matter is a bit different. I dislike it because there is almost no way in which artificial scarcity would look like a good thing to me.
Also @9:50, in game currencies are not something that gamers dislike. There are plenty of games where a valid way of playing is literally just going from place to place buying low and selling high to make money. The only time gamers dislike in game money is when said in game money is obtained primarily through out of game money.
Actually surprised the big card games haven't jumped on the nft stuff yet. As you said they already sell rare pieces of card to people.
"What do you mean I can't use your car and gas to go on road trip??? I still have to drive don't I???"
I especially like the part in their white paper where MTGDAO claims they could just buy WotC sometime in the future, as if they have a cool $10 billion just lying around.
Wouldnt that supposition of theirs rely on actually being able to sell the NFTs now and for years to come which as they arent allowed to legally do would likely mean giving WotC that 10 billion raised as part of damages and lost revenue's from copyright infringement. Tbh that claim just reminds me of a scene in bill and ted exelent adventure where they fight using "when i win i'll use the time machine to go back and do..." statements to make things happen.
That guy summed up how stupid the NFT crowd. They don't understand basic copyright law
So here's the thing they don't seem to understand. There's no precedent set yet for if copyright laws apply to NFTs. If you go to court now, do you think an 80-year old Supreme Court judge is going to understand the technology let alone any of the buzzwords you throw at them? No. They're just going to see you trying to sell someone else's IP which is de facto copyright infringement. You get sued, lose, and now you're the guy that tanked everyone's NFT "investments".
I love that they're trying this with MtG. Not only is it a SUPER litigious company, but MtG's cards are already scarce and work on their own economy. Some MtG cards go for thousands of dollars due to either rarity...or actual use-case value! Unlike NFTs, the expensive cards are expensive because they're either actually rare (low number of reprints) or the card does something incredible (like allowing a turn one win without setup)
...and the worst part is, like NFTs, MtG cards are kinda speculative. If a card gets a ruling that wrecks the card's effect, the price drops faster than Nintendo coming down on a fangame.
I am praying for dimmwit DAO to mess with Disney. Imagine the content and entertainment for us sane people.
Some already have been. Making "NFTs" of music from Disney IP. Hope they get rekt harder than Napster
lol Disney can get the USA government to banned nft or crack down on it, when Disney fail to stop people stealing their copyright.
@@khanhnguyen-tt3ff Of course they can't physically stop you. They can make it incredibly expensive for you later with legal fees and settlement payments though.
@@milspectoothpick4119 Disney can make the government literally rewrite copyright laws to keep Mickey from hitting the public domain... i would not be so sure they can't have someone physically stop you...
@@milspectoothpick4119 lol I'm pretty sure the goverment can pass a law to banned nft and make all crypto transactions site pull the support form the nft market. Hell they dont even have to enforce it they can just announce it to the public and the nft market would crash with a minute of it, cause who would want to own a worthless nft that might let the goverment track and arrest you.
It's trademarks that need to be enforced or you might lose them, copyrights you can enforce or not on a whim. Although i'm fairly sure there's plenty of bits of MTG cards that are trademarked (like the symbols). Oddly all the patents (yes... actual patents) for the game mechanics are now long expired, so I can at least say "tap" to mean turn a card sideways rather than invent a new word every game.
Oddly the "not nerfing stuff" is a problem in the gacha style games. As there have been court cases where a "nerf" fundamentally altered the value proposition of the purchase, although it only seems to be a short term thing (and concessions might just be to apease whales). No idea why such a thing wouldn't apply to other game mechanics.
As much as I hate loot boxes, i'd be suprised if games like MTG don't get hit if they're ever legislated against - since boosters are just physical "loot boxes". Which sucks because drafting is great.
A lot of people are not aware of this, but the patents for Magic The Gathering expired in 2002; Just as soon as they expired all of a sudden a dozen similar card games started showing up internationally; First being Yu-Gi-Oh! (which had already been around in Japan since 1999) followed by several others which all utilize similar gameplay mechanics to that of Magic; Wizards can't sue them over this since their patents expired and you can not renew patents without forking out a lot of money and there is a limit on the number of renewals.
Copyright and Trademarks is a different matter all together. Copyright expires 50 years after the death of the creator OR 100 years after the filing of the company. Trademarks are indefinite and are only void once a company loses it if it fails to contest it's use without permission.
@@foxdavion6865 *70 years after death of the creator.
@@rolfs2165 Ah. Ty for the correction, but in my country it's 50 years.
That's some Kaiba Corp level of shenanigans
This is redundant, MTG Already has a Scarce Format. It's called Vintage.
i dont get how people can think this way ???
even at the base of it if i found someone using my art without my permission, i'd be pretty peeved - it happens an unfortunate amount in online spaces to smaller artists like me - but if they made NFTs out of it then id go out of my way to physically deliver a fist to their face
MTG is literally the only reason that I won't say NFTs have ZERO utility. I've had my physical cards destroyed a lot and would like a reliable method of digital collection. It was the first thing I thought of when I heard of what NFTs were. Unfortunate that utility has taken the back seat to financial speculation. Alas.
So an oversimplified explanation of an NFT: You are paying for a secure URL to a thing.
Semi-simplified: You are paying for a scrap of Data that COULD be a secure URL.
...or just garbage data, or even malware that will screw you over under certain conditions...
@@Foxhood and these people wonder why they get laughed at so much.
Copyright is done.
It all started, when people thought giving credit is an authorization to use anything they want.
This is exactly the same.
That's creative Commons in a nutshell with attribution
Wizards of the Coast is not one to play fuck around and find out. This just bringing up that old commercial with the old lady saying "that's not how this works, thats not how any of this works." In the end Wow. just wow. This will be a trainwreck worth watching if they go through with it.
7:45 CORRECTION!
*_Colored_* pieces of cardboard!
The thing about buying pieces of card board in magic is that you can use them you can use them to play magic.
I still don't understand the point of an NFT. I understand the concept of what they are, but I don't understand why anyone would want one other than to turn around and sell it for a profit. I honestly think that'll be the downfall of most NFTs.
Crypto crowd has managed to convince many that blockckain is the future of the Internet, so people should get on board early to profit, as NFTs they are buying will only get more and more valuable.
How can people be this arrogant? I DESERVE my millions! Who are you to stop me getting them on your back??!
The copium of the crypto bros in this is palpable, and hilarious.
The thing I find frustrated is the lack of awareness of "Eve online". It has the most sophisticated virtual economy I've ever scene. Nothing else comes close.. The game is almost 20yrs old at this point.
Yet so of these crypto people think that they are first to market. They are the visionaries. And crypto/NFT are required for it to work.
Total BS.
there are already problems enough surrounding copyright abuse, and in comes NFT just making it worse
they should maybe have asked Wizards FIRST BEFORE making anything even if it would have been clear that they wouldnt have been allowed
These people do not understand that polite savage is the most based and will destroy you if you cross them. Destroy you in the most polite way, and make you cry.
I've noticed a lot of folk have trouble understanding rights when it comes to goods that can be accessed digitally. Just because you can make an unauthorized copy doesn't mean you have a right to. When you make unauthorized copies and use them for profit, that's theft. You could argue you're not depriving them of the use of the thing, but that's not the point. The point is you're a freeloader, stealing someone else's work, and using it to make money, without permission and without any agreement to share the proceeds of those sales.
The sad thing is, I would LOVE to see a animation of Jodorovsky's[sp] Dune, but these cryptobros have probably forever killed the possibility of seeing it now.
This is wild. They actually think they can win this in court or wotc won't take it further.
It's like complaining that your fanfiction isn't accepted as canon
The seem to believe decentralisation means laws don't apply as they aren't centralised to a country.
Did you know that there is a Lord of the rings DAO on twitter...
yeah!
I don't think they will succeed in buying up ALL THE RIGHTS of Lord of the Rings!
It's about the same equivalent of a card shop minting their own mtg expansion set and selling it in the local shop. Wotc would be crazy not to protect their copyright.
Imagine if they start selling Invoke Prejudice as an NFT and the blame and brand damage goes to Wizards of the Coast. I'm glad that WotC shut those guys down.
they understand neither the real world, nor blockchain....
yeah boy wizards, which made a billion dollars last year, is super worried about whether crypto people think they're going to make it