Cryptobros Pay 3 Million Dollars For A Book...Think They Own Copyright Now

SpiceDAO raised 2.66 million euros to purchase at auction, a rare book containing the script, concept art and pre production materials for an unreleased Dune film from Alejandro Jodorowsky. This auction estimated the value of the book to be between 25 and 35 thousand euros. They paid 2.66 million euros for it and assumed this would mean they could make animated series based on the book. Unfortunately before spending 100x the value for the book, no one told them this is in fact not how copyright works.
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#dune #metaverse #cryptocurrency

[@aegisofficial3819]

One of the funniest things about the whole thing is that, the manuscript is ALREADY available online. It's been online since like 2011.

[@brucebaker810]

DAOr Mission: To Boldly Go. Where no man has...say what now?

[@ryancarroll2886]

oh thank fuck, I was scared that this was another Wu-Tang album scenario

[@magnusio5292]

That is actually too tragic and funny....

[@Mountainmonths]

there's no complete scans of the concept art book

[@KublaiKhanous]

*copies and pastes*

[@adaenis]

The fact that they're considering BURNING this book, which is one of only two ever made, just to massively increase the value of the NFTs they plan to make of the images inside is a fucking travesty.

[@chrissturges8952]

It is numbered "5" in a run that Christie's pegs as between 10 and 20 copies. About 1/3rd of the book is already posted online as well. That being said, describing yourselves as fans and then going "ok after we mint NFTs we are going to burn it to create scarcity and drive up NFT prices" is disgusting.

[@patricity9355]

@@Robocopnik more then 2, but its only like 5 or 6

[@gomezpants]

I'm joining just to convince them to do this

[@Robocopnik]

@@patricity9355 I think most or part of it is archived somewhere online, though I don't know where.

[@patricity9355]

@@Robocopnik ok mr comment deleter who thought this guy was talking about the actual dune book

[@Tearsheet]

2.5 million euros would have been a great start to making an animated, original IP inspired by Dune. And they'd still have had enough money to overpay for the rare Dune book by a ridiculous amount. But hey, not everyone passes grade school math.

[@Kpsla]

There's a certain irony in the fact that, more often than not, cheating takes more effort, dedication, and resources than it would have taken to play the game correctly.

[@Caesim9]

This idea also could have given their spice tokens some actual value. People could have decided on details of the universe or the characters or what not. But well, apparently these guys lack the intelligence and creativity.

[@anon9469]

@Rusty00 Well, they did say START making. I'd assume that a budget of two million dollars would at least be enough to get together a good concept, a plan for a series, and a pilot, which could then be shopped around to get backing, or used for further crowdfunding.

[@TheShadowOfZama]

@@anon9469 An Attack on Titan episode costs around 300.000 to 350.000 USD to make. That 2.5 million budget would have been good for like 7 episodes and Attack on Titan is one of the top tier animes in terms of animation quality. If they were content with lower animation quality (which is not at all a bad thing for a first time project!) they could have pumped out even more episodes. These guys could have made a short animated serie with this money alone and have everything they needed for a crowdfunding to increase the scale even further. RWBY and The Legend of Vox Machinima are proof of where you can get with crowdfunding should you be able to hype people up enough. Compare RWBY season 1 with subsequent seasons and Critical Role literally asked for enough money to get like one or two episodes of the Vox Machinima campaign and instead ended up with enough to make a whole season.

[@bshpev]

@@Kpsla I mean, if you cheat properly you're guaranteeing your success. If you play the game correctly there's a chance you could lose. Granted, these idiots tried to rig the deck and dealt themselves the bad hand, but I think my point holds.

[@chrisdray5325]

the crypto bros are such an interesting creature to me, because they know so little about literally anything and yet they think that getting in at the top of some pyramid scheme makes them some kind of Randian supergenius

[@anon9469]

And then best part is, they get so hung up on the lies of their own pyramid scheme that they don't see their chance to go for the exit.

[@bibsp3556]

Also, they'd use Randian unironically to describe themselves

[@xCobraCommanderx]

Just came here to say Joseph Stalin called these folks “The Young Bourgeoisie” AKA Libertarians. He said the libertarian is obsessed with The Market and creating their own Market to win against the actual powerful Capitalists. He said it never works and always ends in thievery. So your statement is accurate.

[@AlastorAltruistGaming]

At the end of the day, though, these same cryptobros getting in on this “pyramid scheme,” are going to see their own pyramid crashing down from the inside right above their fuckin’ heads. Cryptobros are just retarded, no 2 ways around it!

[@V0YAG3R]

@@xCobraCommanderx And communism is a religion of peace 👌🏻 Tras de ladrón, bufón.

[@brianm.595]

As the actual copyright owner, you wait a while for them to produce the works like the series, reproductions, start selling them.... sue for all proceeds.

[@KnakuanaRka]

Yeah, pull the rug out from under them. >:3

[@jamesbernier493]

In a lot of places not pressing charges immediately when your copyright is infringed kills your ability to sue at all. I'd look into it.

[@Vessekx]

@@jamesbernier493, no, you’re thinking trademarks.

[@jamesbernier493]

@@Vessekx Glad someone looked, shit.

[@TuffMelon]

@@Vessekx Yeah, this. Which I believe was the basis behind the various bullshit claims we've seen over the years ('Scrolls', 'Saga', etc etc.)

[@demacherius1]

I love those Moonlads. They buy a book and expect to own the copyright. They buy NFT's and think they own the thing in the JPEG or tile.

[@Sorrowdusk]

Imagine selling Gollum an NFT of The One Ring.

[@TheChadTI]

Imagine throwing around millions and fundamentally misunderstanding what you're doing.

[@bobdrooples]

@@TheChadTI business as normal

[@Decebal825]

and the NFT they buy is literally a URL to the jpeg on a website that can be closed down at any time

[@sexylazercatwizard]

@@Decebal825 an nft is literally a receipt of purchase stored on a blockchain, that will stay around. The thing related to the receipt might be a url to a jpeg, and you're right that will probably dissappear. But you'll always have that nft/receipt to show you bought it! XD absolute stupidity from these moonbros

[@ultimateninjaboi]

This is clearly a situation where they've bought so hard into the idea of what NFTs purport to be, that its warped their understanding of how physical goods and general ownership works. Theyre literally looking at this physical object like its an NFT (or what the culture thinks NFTs are), rather than just a physical item.

[@Tom-kt8lu]

Or they knew people wouldn’t invest in their original animated series, but they would in Dune.

[@ZomgLolPants]

The world was supposed to end in 2012 but the audience loved the simulation so much that we're stuck dealing with extra seasons

[@LieutenantTrektheSecond]

And it's going as downhill as Game of Thrones

[@mrraziel4398]

I'm all for the manuscript being preserved and made public for others to read but Turning them into nft and destroying a valuable manuscript is just disgusting.

[@GeorgeMonet]

It's a result of a society that makes people think they are the center of the universe and nothing else besides themselves has value.

[@randomwalk1551]

i don't think that this could even be turned into made for public thing the way they want to. they have no licence to do so. owning a book doesn't give you the authorial or publisher rites to disseminate it. those rights lay with the author or publisher till copywrite would run its course.

[@ultimateninjaboi]

Its already fully available online. IIRC, its been publicly available in its entirety since like... 2011. So they wouldnt even be doing anything good with it before burning it, because its already been done.

[@cakecinema9385]

You don't burn books. Even bad books (which DUNE certainly is not). You just don't.

[@Walawalacookie]

@@cakecinema9385 Yeah, the fools slept through history class. Ever since the Nazis people take a very dim view of book burning.

[@whitewachtel405]

It makes me so mad that they actually plan to burn a book, a very rare one at that. What kind of savages would do something like this? These guys are either crazy, evil or both.

[@iamjustkiwi]

A lot of people in the world have this sour grapes mentality if "if I can't benefit from x, x shouldn't exist" This is just a distillation of that mentality.

[@Sorrowdusk]

cool if they released the book online for free -even IF they had people also buy NFTs.

[@Sorrowdusk]

Actually I take that back...the digital copy is already online. And has been for ages. In which case...the actual physical copy, is worthless.

[@stonehallow]

@@Sorrowdusk I wouldn't say worthless. It might be worth say 16k to a collector who wants to own a physical version of the original.

[@DecimeCuba]

reminiscent of ancient warfare tactics indeed.

[@friendlyspacedragon7250]

The sad part is it is impossible to tell if this is a scam of some sort or simply a stellar level of incompetence. But the really sad part is they want to destroy the historical artifact to make money off it. It just boggles the mind.

[@ryans756]

The word "cunt" is reserved for people like these.

[@awesomeferret]

That's not sad, nor does it boggle the mind, as someone who lived most of their life in Seattle. In a worild where I can literally be bullied for being a history buff by people who claim they are "liberals" just because I'm more aware of how the world works than they are. Remember, there are people who think that all of western education is "racist". It's very easy to be deemed bad person for being honest and trying to help people, and that's probably what happened here. They were warned many times, and the people with those warnings were probably bullied for their good deeds.

[@keleynal4424]

What gets me even more is that even if the auction included copywrite to distribute, sell, make derivative works (which at 2.6M, they paid enough for) they would still have to defend themselves from all kinds of challenges for the actual owners of the Dune series who would aggressively defend against a group trying to publish some B version of the universe. There’s no money here, even if they were right about what they could legally do.

[@grouchygoat]

what i think is also ass backwards about their logic on copy write is that under their own belief, owning the physical manuscript gives them legal standing to distribute. let's pretend that's true, how would they(edit: a court) verify the ownership if the physical manuscript no longer exists because it was burnt.

[@Ec360Gaming]

I've had to explain this to so many crypto bros. It doesn't matter how unique something is or how much you pay for it, unless you are sold the rights explicitly and in writing you don't own that IP.

[@gomezpants]

There's no one to take that receipt to when someone takes your little jpeg. There's zero authority behind it and really makes the whole thing worthless.

[@drthmik]

In Fact if you buy a jpg, but the person who SOLD you the jpg DIDN'T OWN THE RIGHTS TO IT (AKA they illegally sold a jpg that the rights were owned by a 3rd party) That 3rd party can SUE the seller of the jpg for the illegally obtained money and then have the police confiscate the stolen property from YOU and you have no legal recourse, Because buying Stolen property is also Illegal

[@DemonIsland]

Unrelated to the video but thanks for reminding me who I fought for in MAG on PS3.

[@koatam]

Copyright law is amongst the most complicated, nebulous and expensive forms of law. But they spent an afternoon researching so they know what they are talking about.

[@milspectoothpick4119]

I've legitimately considered using my fiancé's artwork to mint NFT's, post and sell them to some cryptobro, then DMCA the living fuck out of them just because I/we can just to prove the point that NFT "contracts" are just code for adding to a database system and not in any way legally binding transfer of copy rights.

[@Rockboygg]

The fact that they paid 3 million dollars for a 35k book tells me how little they know about auctions, and investments in general. These "investors" talked about "community" which is a term used extremeley often in pyramid/ponzi schemes. Edit: the fact that it took me 3 minutes to find a scanned copy of that book online makes the book worth less.

[@jeanmouloude]

They will most likely end up homeless, and my god i cant wait

[@adherry8142]

i wonder how that went at the auction "16thousand do i hear 17?" "2.66 million dollars" "you wot m8?"

[@Naptosis]

@@adherry8142 Imagine the enthusiasm of the owner screaming *_"SOLD!!!!!"_* at the auctioneer before anyone else's brain could compute and attempt to double check. 🤣

[@animalm4st3r]

well maybe this is all a scam and the original owner of the book is in on it

[@todd.cannon]

@@animalm4st3r YEP! I think this is likely.

[@timofaust1315]

Ah, book burnings. Have not seen these promoted in almost a decade in my country... what a fantastic idea 🙄 And then there is the rest of the story, which caused me some nosebleed trying to understand how people can be so dumb.

[@mirandalockey7334]

Book burnings in almost a decade? Last I heard about book burnings involved kids, the public, and an Austrian man with anger issues

[@petersturgeon1585]

There are five stages to the production of any animated series: denial, anger, bargaining, depression and acceptance. We started the first stage yesterday.

[@ThunderChanter]

I cant wait for Kira to find out the book has been available for free online in its entirety for awhile now

[@Blomstermark]

ha... hahahaha... what?!

[@youtubemusicowesmemoney8470]

You beat me to that. The images have been available for nearly 10years! 😂😂😂

[@maeror1022]

Oh my god that's hilarious.

[@Sylentmana]

Lol

[@fyrestorme]

@@youtubemusicowesmemoney8470 to be fair, the point of the auction was to own the physical object as opposed to just some images of it and the text, but still.. 25k was ridiculous and they spent over 100 times that.. wtf is wrong with people

[@EspyMelly]

If you wrote a detailed timeline of everything that's happened with crypto/nft's/etc in the last 1-2 years and somehow sent it to the past, they would think they were reading an Idiocracy-style satire of the future, not literal actual facts.

[@Sorrowdusk]

Oh no. The world has been an idiocracy for a long, long time now. I'm not surprised at all.

[@michaelccozens]

Let's be fair; the people in Idiocracy generally acted in good-faith. Not much of that around our era lately.

[@michaelccozens]

@@Sorrowdusk No, it hasn't. Our world is defined by the privileged deliberately and knowingly ripping-off the vulnerable who can't defend themselves. Idiocracy was about people who didn't know better doing their best to act in good-faith. You wish we lived in Idiocracy. That shit got fixed by one guy proving he had the right answer, because everyone listened. Compare that to those who still deny the climate crisis as the world burns.

[@AlastorAltruistGaming]

@@michaelccozens that’s because most people have stopped caring about “good faith” or actually DOING good. We are few & far between when it comes to being a noble person, as this world has outright decided to bathe themselves in sin & say “Being a good person is garbage; if I can be a bad person & get MY rewards by screwing others over, then fuck everyone else!”

[@metazoxan2]

@@AlastorAltruistGaming Pretty much. There are people that treat the term "hedonist" as a complement or at least will identify as such without shame. FYI a hedonist is "a person who believes that the pursuit of pleasure is the most important thing in life" aka those people who go "because I feel/enjoy this I should be allowed to do it no matter how little sense it makes or harmful to others it might be".

[@Elated_Llama]

Anyone else fear a new financial crisis? All of these valueless items getting their values inflated to absurd amounts Not because the item is worth that much, but for as long as the value goes up, there is actual money to be made. Like, what is the total amount of money we have dumped into this entire "valueless valuables" bubble? We have been here before, and had we learned anything from the past, we would shut this down. But regardless of wether this is pure ignorance or greed, it will once again be the common man that gets screwed :/

[@megsley]

yes people are banking their homes, their kids college education, etc on this scammy garbage. it's a financial ticking time bomb.

[@railfan_3371]

During the swan song of the Weimar economy, would you believe that things like stocks and bonds were increasing at an incredible rate? People would sell their furniture, clothes, and anything they could just to get in on those horrendously overvalued intangible assets. Well we know how that turned out, unsurprisingly these intangible assets became entirely worthless and the people with physical goods came out on top. Don't need to tell you what happened after that of course. Which isn't to say that stocks and bonds are valueless, but if you have to choose between food and what amounts to glorified baseball cards, the sensible man chooses food.

[@GoldKnightProduction]

Even if their animation goes live if it superficially resembles Dune, then the actual rights-holders will try to sue on a look-and-feel basis.

[@Dystopikachu]

I remember reading about the Dutch tulip mania of the 1800's as a kid and thinking "wow these people were so stupid, good thing economics have progressed since then". 20 years later and it's so much worse these days.

[@sofaking9404]

Pretty much this.

[@Zxzero36]

It seams like hystory repeats itself, next was the beanie babies, then the comic book speculators boom. Crypto is the only one that is going forever because there is no drop out

[@Vessekx]

Yep. At least with the tulips, the worst case was that you were stuck with tulip bulbs. You could still grow them, or if you were desperate enough, eat them. Crypto-coins and NFTs don’t even leave you that.

[@348joey]

Wow, I've never met someone from the 1820's before!

[@DroppedMyMarbles]

@@348joey did you actually read the post before you decided to drop your dim-witted smarmy reply, or were you too excited at the prospect of dropping a mediocre stinger to someone who posted a week ago

[@aaronw6195]

Crypto people often add extraneous steps to a straightforward process, and then pretend like created some value in a process that is incredibly inefficient. It's crazy!

[@hohrhamikaiolaf464]

It is for distraction, if they just show you what they do you realize they bait you into a scam.

[@Stinkoman87]

Blockchain is a solution in search of a problem. They keep trying to shoehorn it in wherever they can to justify its existence.

[@tkeleth2931]

not sure if you're talking about crypto, or the entire financial industry lol

[@BillLaBrie]

Rent-seeking.

[@r.c.christian4633]

Yepp, that's the description of blockchain without saying the word blockchain.

[@Bren688]

Fair play, the organiser obviously knew the seller and they've conned millions out of gullible fools.

[@w0ngky]

the part where you start 'I dont know wtf is going on' made me chuckle

[@FEARSWTOR]

"Of course we own it! We followed the same steps Soulja Boy did when he became owner of Atari!"

[@toddtaylor6506]

That was fucking hilarious.

[@prozacdick]

the only difference is that Soulja Boy is a very successful Entrepreneur

[@thepolarphantasm2319]

@@prozacdick 😂😂😂

[@aldiascholarofthefirstsin1051]

@@prozacdick Weirdly he actually made money out of that endeavour before Nintendo sued him.

[@ForeverLaxx]

@@aldiascholarofthefirstsin1051 He has a lot of ..."special" people who still think he's relevant. That community is about as dumb as it gets.

[@Forsakendusk]

And yet you have authors, artists, and genuinely talented people out there who are like, "we will literally work for you and create for you and your games if you pay us a living and fair wage." and yet people rip off assets, scam people, and pay unreasonable amounts for books that they can't even use the way they want to... People disturb me.

[@lordgrunwalder1607]

İt is really terrible

[@Walawalacookie]

It's really sad. I don't understand why there are so many of these get rich quick idiots when 99.9% of them fall flat on their face. Do these muppets not have the ability to learn at all?

[@khornetto]

Because one is honest work, the other is a scam. These people are scammers, not producers.

[@Rekowcski]

absolutely

[@kyleoates6367]

@@Walawalacookie Greed. It's the reason behind 99% of the world's problems today. Forget lust, wrath, envy, sloth, gluttony, and pride. Greed is the greatest and most prevalent of despicable human traits in the world and we all celebrate it in the name of the "free market" gods. Christianity may have dubbed it a deadly sin, but a character played by Michael Douglas in a 1980s era movie about Wallstreet called it good... so you know. It's good. And we all know how Hollywood is more powerful than Christianity's god could ever dream of being.

[@bogansrun]

They ain't fans if they'd even joke about burning any physical copy of Herbert's work.

[@1984Phalanx]

In the hitchhikers guide to the galaxy books some people started using leaves as money, to make their leaves more valuable they began burning all the forests around them. Douglas Adam's predicted NFTs back in the 90s.

[@GiftingStray]

This feels like an Always sunny in Philadelphia episode, "The gang buys NFTs."

[@jercos]

There's always money in the blockchain stand!

[@dionysus6892]

The gang buying a Star Wars book or something then trying to make a movie about it does sound like an episode

[@Amy-yq4lk]

I keep thinking the concept of the NFT market would make a lot more sense as part of a Ferengi-centered episode of Deep Space Nine where it began as a scam cooked up by Quark that has LONG since gotten away from him. (As opposed to where it really exists; our stupid, stupid reality) Maybe we can add time travel and make it a crossover...

[@joeg5414]

I was highly disappointed in the final season. Wasn't as funny as past seasons. Felt like they threw something together just to get that final season out.

[@crunchyfrog555]

"The DAO contains loads of creative experienced individuals" - ALL of which are apprently so experienced in this that they've never fucking heard of copyright.

[@Sabamonster]

Or bothered to check whether or not the digital item they were buying was and already had been online for free viewing. Lmao. Fuckin geniuses the lot of them.

[@Todesschleicher]

They also are very creative, but need a producer, screenwriter, actors and others to help develop an IP /sarcasm

[@crunchyfrog555]

@@Todesschleicher They are also very creative are they? What evidence do you have of that? YOu don't./

[@Todesschleicher]

@@crunchyfrog555 oh sorry. I'll edit my OP with an /sarcasm just for you

[@crunchyfrog555]

@@Todesschleicher oh sorry, I'll make text different so that it automatically shows sarcasm and other inflection (how do you know I'm not joking right now?)

[@GraphicProdigy]

Loving being on this crazy journey with you

[@m0L3ify]

After seeing people in the music industry talk stuff up really big like this before anyone's even committed to the project, name dropping like crazy and giving away way too much info that's probably mostly hype, I have an extremely strong hunch none of this will happen. They won't even burn the book, they'll just eventually try to quietly auction it off again at a massive loss after everyone's forgotten about them. I mean, seriously, having seen what I've seen, my immediate thought was "does anyone on that list even know they're scheduled for a meeting with these guys?" Because I have definitely seen that happen before: Artists claiming they had a specific high-profile person committed to a project that the person hadn't ever heard of. This thing is going down in flames.

[@cocobrez]

To be honest, I'm not even surprised anymore. That's like me buying a Star Wars book on amazon and thinking I own the copyright and the IP!

[@demonbox7780]

Nono Mate, only if you buy them for 100 times their value, else not even close. :D

[@brendonross5774]

I was about to write that. Glad I didn't. Wouldn't want to have owed you for copyright infringement.

[@fyrestorme]

You mean it's like buying a $30 star wars book on amazon and then throwing $3,000,000 in the trash and burning it

[@mikoto7693]

At this point I’m starting to feel concern for the human species. Until the last few months I thought this level of stupidity was a very rare thing and the vast majority of people were smarter. But after Earth 2, Cryptoland and now this I’m starting to wonder.

[@gaijinkuri684]

The internet has revealed just how many idiots are out there.

[@Vash_tha_Stampede]

Oooooh, so that's why I wasn't receiving royalties from all the book sales of Harry Potter after I bought the books. I was wondering when I was going to receive that check

[@christianlagioia]

wow i cant believe a haven't got your channel in my feed before.. subbed. :)

[@christianlagioia]

the whole sad part is , when you come to the conclusion, that this is the state of our human race.. and like he said... "its only going to get worse".. which i totally agree with.

[@KiraTV1]

Welcome to the crazy train

[@KefkeWren]

Hearing this without researching it, I have to wonder if the price got so high because members of this group where bidding against each-other.

[@ryans756]

That, or the seller had an agent who knew precisely how stupid and desperate these Crypto douchebags were, knew their plan, as if, you know, they'd publicised it somewhere... and then just spent a morning at the auction house, laughing their ass off. "I bet I can get them up to a million." "What?! No way." 2million later... "Shall I go for it?" "Dude, no! This is almost criminal!" "I know, I know, but these guys are so fucking stupid." "They really publicised their plan?" Etc.

[@BuLLetwhitOutaGun]

The sad part is that these absolute caveman of "human beings" that are falling for all these obvious crypto scams have all this free floating money that they can keep throwing thousands to hundreds of thousands of dollars at all these things. It's wild if only I had that money and what use it would be put to instead of being wasted like this lol.

[@brucebaker810]

Books--well, blogs--will be written about the folks who put the money in. And those who took the money out. One migjht argue that there may be some value-add somewhere in crypto, all these nft's and pump and dump shitcoin have no exit strategy beyond hoping there's a sucker bigger than you were. There's huge efficiency. Low friction. So it's now possible to say "sell 1 tenth every time there's a gain of x%...and for that to execute.

[@ztmackin]

Alot of them dont have this money laying around, they are taking out loans or going into debt and using the money to try and "make more money" because they are desperate and then they go too deep and dont want to look like idiots so they tripple down and go even harder

[@TheLargeHardonCollider]

It's so insane, who here is honestly thinking of launching their own NFT collection, just to see where it goes? If you smell a gold rush, sell shovels. :D

[@Cyromantik]

It's only truly wasted if none of the funds make it back into the economy. It's still amazingly stupid though.

[@AliothAncalagon]

I find it really helpful how these Cryptobros smash the American fallacy with a sledgehammer that people with much money deserve to have it, because they only got it due to being super intelligent, good with money and hardworking xD Newsflash, most people with much money are just as moronic as most of those without and can be scammed just as easily.

[@phillipzachry7758]

They paid an insane amount so they can make the pages into NFTs, burn the book, make a video of the burning and make that into an NFT, then base the values off how much the book was "worth." They paid millions so people will pay them millions in return.

[@foogod4237]

This is one of the absolute worst aspects of the NFT craze, IMHO. In some cases people are actually permanently _destroying_ items with tangible intrinsic, historical, or cultural value, just to make a quick buck here and now on a passing fad. And the people buying the NFTs are just as responsible as the sellers. It is literally using your money to destroy value in the world, instead of protecting it.

[@thomasparkin259]

I can't even begin to process how stupid this idea is, let alone the fact that making NFTs of the contents of the book will be making and trying to sell illegal copies, no matter how much they sell for the actual owner of the information can take it all from them.

[@GholaTleilaxu]

I think many people will be willing to pay millions to make those people who burn the book "go away" or "get fixed", you know.

[@Cat-up6hb]

in germany burning money is illegal and might get you in prison. imo this should be a law not for money, but for everything that has a certain value, like historical monuments

[@saunorine]

"they" haven't paid millions, the backers did

[@gerbenvanessen]

the line goes up was right about everything regarding DAO and the psychology of cryptobros

[@dylvasey]

The strange thing here is they said they would share the book freely online, in so much ''as the law allows''. This suggests they knew this would be against copyright, but thought making a series based on owning one copy of the book was perfectly fine? Something doesn't make sense here. There's some shady shit going on.

[@JoelElRican]

A quote kept running through my head while watching this video: "A fool and his money, are easily separated."

[@KnakuanaRka]

Pretty much the entire NFT mess is like that, but this especially. Amen. xD

[@DocBree13]

*parted :)

[@TorIverWilhelmsen]

Or in this case, a number of fools.

[@Webdragon666]

Reminds me of that time when a pretty big "react" channel tried to copyright the word "react" or something like that, so they, in their minds, could get money from or strike anyone else doing "react" videos, lol

[@FabbrizioPlays]

It was FineBros, and the project was ReactWorld. And yeah, it went over about as well as you'd expect. It's weird you mention that, because it was ABSOLUTELY the harbinger to shit like META.

[@jamesphillips2285]

Trademarks are distinct from copyrights. Copyright protects the creative expression of ideas: and in theory falls into the public domain eventually. Trademarks are designed to reduce confusion in the marketplace: and last indefinitely as longs as the mark is in use. One thing trademarks can not do is actually describe the product. Because their competitors also need to be able to describe similar products with common language.

[@SorarikoMotone]

@@jamesphillips2285 thats is smart and all, but we know youtube-related companies have been a bit trigger happy with the takedowns even if its something they dont own at all....

[@jamesphillips2285]

@@SorarikoMotone That is how the DMCA works. If you make a counter-claim (under the penalty of perjury, and disclosing your personal information) the video goes back up. They then need to sue you in court to keep the video down. Not to be confused with KZbin's automated Content-ID system: that has no way of interpreting what constitutes "fair use". Mere trademark infringement should not trigger content ID though (unless you copy a logo or something).

[@thevalorousdong7675]

@@jamesphillips2285 Yea, that's such a good system right? If someone false flags you, your only choices are dox yourself to them, or eat the strike.

[@Judgementxxx]

I remember this. The Internet just pointed and laughed 🤣🤣

[@akaimizu1]

This money for a copy of a book of Dune? Truly the Awakened must have slept.

[@jemmrich]

I like to imagine they had big ideas, as they mentioned in their post, then tasked someone on the team with "Hey go buy it at auction" but instead of biding a fair value they just dumped the whole wallet on it. Then feeling proud the member goes back to the team and exclaims "We got it!". They all happily ask, how much? "2.66 mil". They all unison facepalm and call the person an idiot for not understanding the auction process... Eventually they throw their hands in the air and say "Well it's not our money". They think for a bit.. "well, now we *have* to spend the money (we were going to line our pockets with) selling NFT's to pay for the other items on the project plan.". Enter the media and everyone else: "But you don't own the rights!" SpiceDAO group sighs in shame.

[@flyt129]

Haha, true ... maybe they thought it would work like ebay and not that they then have to pay what they call :D

[@crunchyfrog555]

Except they're ALL equally stupid because don't forget the PLAN was about buying the book and not understanding copyright exists. So they're ALL equally stupid.

[@fyrestorme]

I think you're missing one of the main points about this whole fiasco. No one should have to tell you that you don't own the rights to a story just by buying the physical book. That should be common knowledge to everyone. The part you said about "enter the media" telling them they don't own the rights should never have had to happen in the first place.

[@jemmrich]

@@fyrestorme 💯 fail right from the start just a fun thought of them failing at every decision. It's really interesting that we now have random strangers receiving millions of dollars with blind trust

[@cameronmcgurrin3724]

... and now they plan on burning the book, possibly out of spite at this point.

[@steevmsteevm]

In case you aren't aware, the K foundation (formerly KLF) took 1 millions quid (of their own money) to a remote island (in Scotland?) and filmed themselves burning it. IIRC, they then took the ashes and made an artwork out of that which they then sold. This sounds like a dumber version of that.

[@grouchygoat]

I'm weirdly more okay with that. like, it's stupid but it's their money and the cash isn't unique or rare(in the sense that it can be reproduced unlike an original manuscript).

[@purplefood1]

@@grouchygoat Yeah that sounds pretentious as shit but not as bad.

[@Jimmiwashere]

They didn't even need a lawyer. Any theatre kid could have told them you can't just buy a copy of a script and make copies and perform it- you have to own the rights.

[@DarksideBallerina]

Jodorowsky’s Dune is different enough from OG Dune that a derivative work can be made if you erase all the references from from OG Dune. However, Jodorowsky DID do that and it’s a copyrighted series as well. So absolutely nothing about their plan will work.

[@Blazs120gl]

This story just shows how bad of a misconception people have when it comes to ownership. They have no idea how property (intellectual or material), money (functions, creation and use in economy) or value works.

[@Carnyzzle]

the fact that they think that burning the book will increase the value of the NFT when we can just look at it online is peak comedy

[@andhieyusuf7008]

There's still 19 copies of the book if they burn one. Eventually someone's nice enough will scans them for the public.

[@qantj]

@@andhieyusuf7008 Apparently it has been scanned for decades

[@comandantegorrion7271]

@@andhieyusuf7008 The scans have been available since 2011, that’s the best part.

[@mrwizard5012]

If these were the kind of people that would sit down and ask 'who is going to buy this off me for millions of dollars?' they wouldn't be crypto bros.

[@phoenixmarktwo]

@@andhieyusuf7008 The scans are already publicly availiable, and have been for around 10 years. These guys are legitimately just lobotomized.

[@chadtoh]

The irony of youtube playing a nft ad before this video😂😂

[@GerinoMorn]

I'm guessing they already had the book and sold it to themselves to "loose" the money irrevocably. The rest is just sundowning the scam.

[@NotsoEP]

They didn't win the auction outright, it was 1 guy who fronted the money then they had the crowdfunding of $12mil come through....$2.9 million, placed by Soban Saqib, a 25-year-old cryptocurrency nerd, NFT collector, and freshly minted millionaire. Saqib, who goes by “Soby,” soon after the auction. “But I fronted the $3 million knowing that the community has my back.” A week later, TheSpiceDAO asked its members for $6 million - $3.8 million, after taxes and legal fees, to buy Jodorowsky’s bible, and another $2.2 million to make an animated film inspired by his vision. By the next day, the donations from thousands of friends, well-wishers, and perfect strangers totaled $12 million.

[@darkgather2808]

Way to burning all their money into thin air

[@senpainoticeme9675]

@@darkgather2808 something about a fool and their money rofl

[@megsley]

"newly minted millionaire" hopefully he'll be a newly minted poor next year

[@joeg5414]

@@megsley next year seems like too long

[@ryans756]

Yes but who was bidding against these morons? How did the price go anywhere near a million, let alone three?

[@ganmerlad]

Scanning the book wouldn't be illegal. Museums, libraries, universities...and google...do that all the time. It's what you do with the scans that can get you in trouble. Under copyright, profiting off of them in their unaltered state would definitely be illegal without the agreement of the copyright holder. That one tweet was saying they weren't planning on nft's but instead were going to make a movie based from the book's storyboards. That wouldn't be legal either though. Me making a Harry Potter movie without Rowling saying ok would get me sued before I called "cut". Dune is still under copyright by The Herbert Limited Partnership, and what's in that book have at least two additional copyright holders (Jorodowsky and Giraud). It's odd that these crypto schemes keep coming up with $multi-million "big ideas" but don't talk to lawyers or experts first. I may as well start one of these things and say I'm making a cryptocar that will look just like a Rolls Royce Ghost. It will be the best car in the world, ever. Each one will be individually customized and have rocket boosters and transform into submarines like a James Bond car -- because that would be cool. I do NOT know how a car works (or submarines either), or know how to make one, or have any idea where they would be built or what any of the materials will cost, or understand safety standards or government regulations, or care about copyright, but give me $20 million and I'll work it out later. I swear, it will be the coolest car on the planet. ROFL

[@jonathansoko1085]

Thanks captain obvious. Nice obvious essays captain

[@jason-paulwells6696]

You son of a bitch, I'm in! /s

[@W3Rn1ckz]

I haven’t seen someone use ROFL in a while

[@xvelvet3247]

@@jonathansoko1085 Really not getting the hostility tbh

[@thevalorousdong7675]

That tweet was a lie seeing as they said they're going to make each page a NFT lol.

[@mariasato2884]

“IRL screenshot” stoooop lol

[@VindensSaga]

They are in for a surprise then! xD

[@oysteivi]

I suppose with all this inspiration, all they need is a screenwriter, an animation studio, and voice actors who are willing to work for "exposure".

[@jerrytu0916]

The USD to Exposure ratio is increasing by 25% each day, so I believe artists are going to jump on board very soon. (1.25x of zero is still zero though)

[@sebastianlahns8023]

Not to speak of the actual IP they still need

[@DocBree13]

Then end up with an unreleasable film

[@plaidshark4331]

A while back I bought the script to the Pilot episode of The X-Files, now I am excited to learn that I am now the brand new owner of The X-Files. Skinner is a super sketchy character thoughout because he fears his fursona will come to light is now cannon.

[@ryans756]

I knew it!

[@sleepyearth]

omfg... This shows how much of a clown these cyptobros are.

[@informitas0117]

I'm glad TB get some thumbnail action this long after his time.

[@cheungyan9987]

As i said on UE's video on this, the sheer concept of a DAO is mind boggling to me, they are a "decentralized org" that wants the control and govern digital assets, therefore centralizing it. NFT bros are living contradictions. I'm really worried for the future of our world

[@grayaj23]

right? CityDAO made the news because their totally decentralized and therefore democratic because-we-said-so-shut-up-no-you-shut-up got burned because *one idiot* had sufficient control of all the money that he could lose it (or rug-pull it) to a boneheaded scam? How is that decentralized again? Can someone 'splain that to me because I'm too stupid to understand how a decentralized thing had a single point of failure.

[@Tom_Bee_]

@@grayaj23 I am a single point of failure. Decentralise me. Lol

[@ownedmaxer607]

@@grayaj23 something something buzzwords

[@iamjustkiwi]

Somehow it feels like the only thing these libertarian minded goofballs can do is reinvent government systems except worse, then act like they are innovative geniuses while watching ludicrous amounts of money circle the drain. That said, I think its the best thing that could happen to their money. God forbid they actually be intelligent enough to apply it in ways to accomplish their weird dreams.

[@drdabsmore945]

Why? This doesn't affect the world, this is a very small subset of people who are even interested in this stuff, much less investing in it. You're a pearl clutching dork.

[@sparky4878]

A DAO sounds rather like the anarcho-syndicalist commune from Monty Python and the Quest for the Holy Grail. Chances are these NFTs are worth as much as the mud the commune farmed.

[@Sound557]

Syndicalism is basically government by groups of labor unions, were there unions in that movie? It’s been so long since I’ve seen it.

[@reesebear2]

@@Sound557 No, I think they just self-referred their gov't as that in the scene they appeared in.

[@brennanvilcheck9469]

I told you. We're an anarcho-syndicalist commune. We take it in turns to act as a sort of executive officer for the week,...

[@6581punk]

The education system has failed them. This is why IT people like myself, educated in the 1980s are now worth so much to employers.

[@Oo-tn9xg]

To be fair to the commune, there is some lovely filth in that mud.

[@thejoker-wu1sp]

Omg that thumbnail funny as shit!!

[@pinkusdean1178]

Found this gem yesterday, someone posted a bunch of hand weaved art they made, these are for sale on their store, they sell all of their weaves for about £300-400 People asked "are you going to make these nfts?" And "you need to make these nft"s" And she said yes she plans to make these pieces that are for sale nfts You can already buy the original physical copy but instead you want a digital image that anyone can have while someone owns the real piece? "Nft's show proof of ownership" so does owning the actual art....

[@danialyousaf6456]

Reminds me of that scene from the karate kid tv show "Course I own the song, cassette's in the car".

[@Sorrowdusk]

😆😅😂🤣

[@lyotesharaia4829]

Let's just take a moment to let it sink in that their plan was to destroy something that cannot be reproduced in order to sell pictures of the book that can be freely and infinitely reproduced. Lol.

[@xrefed]

Which already exists

[@xrefed]

The digital copies

[@MrFixiit]

Winners Don`t Do Drugs!! Sounds like they just name dropping.

[@InturnetHaetMachine]

Too right. I've had fever dreams less absurd than this reality.

[@Orkillester1]

I love the idea of some kind of decentralized organization being completely controlled by the value of a single commodity.

[@johnmiddleton4291]

This seems like a scam to me. Someone who owned that book got the crypto bros to invest in it, likely from the inside. Who else was bidding against them for a book worth around 25-40k?

[@Theodor_Bockemuehl]

This.

[@markcarson1968]

The only thing I could possibly think of is someone who was aware of the SpiceDAO thing and knew how much cash they had, so tried to outbid them, hoping to resell it to them for more after the auction. Even that seems a stretch though, I would presume you're right and this is just a big scam.

[@Zantonny]

Hey, there are multiple ways an auction can be ran, do you know which method they used?

[@maskettaman1488]

If they owned the book and were coordinating a buyer like this... why do it through an auction?

[@Kalingrato]

That sounds quite plausible. And from what we have seen from various NFT projects, actually pretty likely.

[@Mimic_Gaming]

Oooh they said they’d deliver on their mission list from January to March 2022 I’m sure this did amazing

[@castorvolkCH]

My mom actually grasped insight into nfts: "... it's like they made stocks, but without any of the value of a stock."

[@Hammerhead547]

NFT's are today what junk bonds and penny stocks were 40 years ago.

[@tavirosu25]

Ok, I'm calling it. The crypto bros will crowdfund to buy a Lambo and then take it upon themself to start building Lambos!

[@ArmageddonEvil]

I feel like the DAO will be selling those 'Lambo's' to Cryptoland so there can be Car Bots that say, to THE MOON! For an expedient price if they do that. 30+ ETH per Lambo Bot.

[@hypocriticalsatire3966]

I saw this lmao they think they can adapt Jodorowsky's Dune with the book, right and if i buy some *first edition book* i can make *copies and produce a movie with it*

[@johnmiddleton4291]

Christams Carol is public domain, so you don't even have to buy the book.

[@dubioushumor9243]

Since Dickens died more than 70 years ago, his works are public domain. Not a great comparison since anyone can make Christmas Carol. No purchase necessary.

[@myfamilyiscrazy]

All Dickens works are in the public domain. You could make it regardless. If I'm missing the joke, please ignore me.

[@DottaNatural]

The funniest part is seeing Kiras reactions XD

[@CallumUpton]

atleast Logan Paul still has his G.I joe cards for $3.5 million

[@KiraTV1]

Fully jealous

[@Ch1l1C0nCarnag3]

"I spent copious amounts of money on this one product; far more than its actual value. Therefore, because I spent more than everyone else combined I own the entire thing. Do Not Steal My Work."

[@grouchygoat]

"also I plan to incinerate the product so it is actually no longer under my legal possession because it does not exist..." flawless logic

[@spottyhead]

Spice Dao: "We want to make an animated series/feature" Everyone: "We've seen the ambition you put into animated features." (gestures to Cryptoland commercial) Why don't they just come out and say they are trying to appeal to younger and younger audiences? They'd be raiding Kindergarten classrooms at this point to try and get kids' milk money to invest in their 3-step profit plan

[@darksidegryphon5393]

At this point, they'd be yelling at pregnant bellies to sell whatever they sell to whoever's still develloping in there. Before getting arrested or sent into the psych ward.

[@spottyhead]

@@darksidegryphon5393 You're probably right, I do underestimate them more often than not lol

[@blushingralseiuwu2222]

Tbf, trust fund babies sounds like a very easy marks.

[@rev0lve638]

@@darksidegryphon5393 Mental maturity is enough, we can advertise to fetuses

[@samuels.2411]

i find it ridiculous that century old books that dont be printed anymore cant fall in public ownership in terms of printing rights and anybody could reprint it as long as nothing of the books content is changed. they artificial hold the amount low to push the price up with content was is infinite replicable. absurd.

[@mushrooooooooooom]

i have no words. this is nuts. we have to be living in a simulation

[@BhargavaMan]

Maybe real life is an MMO and the developers just gave up

[@Sorrowdusk]

Well I wanno become a hacker in that case.

[@ryans756]

A lot needs patching, that's for sure. 😕

[@xtremefurrycat]

This is the same kind of mindset that a NFT bro has when they buy NFTs, as in the think they own the art but in reality they own a viewing spot to see the art.

[@jercos]

Not even that, they're publicly recorded as knowing a good spot to view the art. Most NFTs don't even bother to include a hash of the image, just a URL.

[@DracoSuave]

It's like one of those 'adopt a road signs' you see where they put your name on a sign that says you helped fund that road, except, only people who adopted the road can see it. Also you didn't fund the road.

[@pyrolight7568]

They knew exactly what they could do and not do. This was money laundering.

[@Snommelp]

A shining example of the "fool and his money" proverb

[@Danny2k34]

I'm more confused on what their end goal was if everything went as it did in their head. I just bought a Harry Potter book so expect a follow up Netflix tv series in which Harry is actually the bad guy and big V did nothing wrong.

[@Tokru86]

I'd watch that. Sounds way more interesting than the original.

[@angelikaskoroszyn8495]

I've read too many fanfics to not have wonderful, deranged ideas for a movie. Imagine Slytherins being secretly right all the time. After all wizards feared and hated muggles for a good reason (witch hunts were bad you know). It would allow to build a little more complex and morally gray world But that's not what I want I want accidental N@zi apologia hidden in a movie directed to kids. Something I read in a form of a fanfic Harry bad, Voldie good? What about Harry x Voldie? A beautiful romance with powerful message about love and forgivness There're so many great ideas out there

[@jercos]

@@angelikaskoroszyn8495 They're literally soul-bonded, it's got to happen.

[@Sorrowdusk]

@@angelikaskoroszyn8495 Even better idea: make Slytherin not *THE EVIL* House. That's all Rowling did with them (except Snape). She literally wrote them into a corner to be the Evil House basing them on preppy bullies in boarding school from her childhood. It makes no sense why Slytherin is allowed to exist in such a state.

[@joshuamorris1851]

It's terrifying that projects like this and crypto land make E2 look like a better idea.

[@brucebaker810]

The penny stock that makes that other penny stock look blue chip. That...didn't work as well as I hoped.

[@magnithorson6568]

They also claimed they knew they didn't own the copyright... Yet was also planning on shows and stuff? Also selling the individual pages as NFT's? I'm pretty sure that violates a copyright law

[@quartzninja]

They claimed they knew they didn't have the copyright only after their original post(which made it very clear that they thought they did) was soundly mocked.

[@killergrooves2438]

They can’t even make NFTs of the pages legally because that would be reproducing a work they don’t have the rights to reproduce. It’s like how the NFL says “Recording this broadcast is allowed for personal use only,” or whatever. If you try to sell the recording you made of an NFL broadcast, that’s illegal.

[@lordcorgi6481]

The last patch of Life has been so buggy, it's almost unplayable!

[@mikeymike9926]

Players may experience downtime or difficulties from the 2020 onward as we transfer over to a new engine

[@santiagocalvo]

What weirds me out the most out of all this new crypto stuff going out lately is how much effort these people put into forcing an nft or token into something that has no need for such tech, i mean you could kickstarter this shitty idea and do the animated series and what not and you don't need a token for it, what's the point of the token or the nfts? Is so tragically weird it really makes me feel discomfort.

[@Cygnus888]

People have gotten smarter with scams on Kickstarter. It's easier to get money out of cryptoboys.

[@santiagocalvo]

@@Cygnus888 yeah i guess you are right, i hope the crypto landscape also gets smarter because this shit gives real crypto projects such a bad rep

[@Sorrowdusk]

NFTs are buzzwords. Buzzwords can attract investors. Be those people with LOTS of money, or a million idiots with a LITTLE money.

[@lordsheogorath3377]

NFTs are an MLM scam designed to take money from rich idiots who were lucky enough to be early crypto investors who think they are smart investors. It should start to peter out soon as new suckers dry up, and people are left holding the now worthless tokens no one wants to buy.

[@MB32904]

me: *watches anti crypto videos* youtube: I hear you are interested in money laundering?

[@Byronik]

Crazy like a fox. Now they own the mineral rights beneath the book, they can drill for oil.

[@meitsme372]

My son and I were talking about this and the end points were this: "We live in a clown world!" I said. "No, this is a full blown circus!" He countered. We agreed on: "we live in a clown asylum".

[@cycadaacolyte6349]

Worst part is its not an asylum for clowns, its an asylum run by them...

[@jercos]

@@cycadaacolyte6349 of the clowns, for the clowns, and by the clowns.

[@meitsme372]

@@cycadaacolyte6349 Touché!

[@NareshSinghOctagon]

So when do we start grabbing the shotguns so we can cure our fragile planet of this plague?

[@akunog3665]

@@NareshSinghOctagon "So when do we start grabbing the shotguns so we can cure our fragile planet of this plague?" Right after they take them away from us with the skynet drones.

[@rustkitty]

I know there are some popular misconceptions about copyright and NFTs, but how deep in the rabbit hole do you need to be to think that owning a physical copy of a book gives you copyright?!

[@elixwhitetail]

The same rabbit hole that makes you believe owning an NFT screenshot of a piece of art gives you physical ownership and copyright ownership of the original piece. Cryptobros really do have more money than sense.

[@ryans756]

I think they were conned into it, by the seller or someone working on behalf of the seller. That's the only way I can see a 35k artefact going for 3million, if the seller had someone bidding against these Crypto douchebags. "Hey, if you buy this book, you'll own the copyright and you'll be able to make so much money. Like tens of millions." "Really?" "Yeah!" "For real though?" "Yeah!" "You promise?" "Yeah." "Alright. So if I spend 3 million on your book, I'll make at least ten million back. Maybe more." "Yeah." "SIGN ME UP!" "Hehehehe. Uh, I mean, yes, congratulations on being this shrewd." "Thanks! I knew I deserved something like this happening to me!" "Oh. Oh indeed, sir. See you at the auction! Uh, I mean, good luck at the auction." "Thanks buddy!"

[@HTFGamesStudio]

This is actually hilarious :')

[@aluckyshot]

Lol at you got F'ing wrecked 🤣

[@frankmeyer1473]

I'm mostly concerned about the wellbeing of the book. I hope they know that if they hurt it, film nerds will hunt them down and... have a nice time.

[@TheSuperCoolMan122]

for 2.6M they might of actually been able to buy the rights, unless Disney already owns that, but what a colossal waste of money

[@vollkerball1]

Sell NFT of copyright material..... Another reason that NFT is just money laundering

[@nergaard2k]

This is JUST why i rarely communicate with people!