The Biggest NFT Disaster Just Got Better | Asmongold Reacts to YongYea

[@Xvpurgatory]

Good news guys, I gave my 4yo a new box of crayons. Gonna have that ape back to you in about 15 mins Seth!

[@x0gucx]

Sad part is that he could honestly hire a half good artist to make an ugly monkey for half of the original price😂

[@Ktakahashi18]

🤣

[@awonoto]

@@x0gucx half?? I’ll do it for 10%. No? How about 5%? 2%? I’m cheap!

[@vincentcarl9907]

@@awonoto lmao

[@ethangreen5416]

@PapaC Found the NFT owner

[@snakething87]

NFT bros: “We’re outside the law!” Also NFT bros: “The law is on our side!”

[@unixtreme]

This is the dumbest timeline.

[@tacogodboomdogg]

@@unixtreme at least it couldn't get worse right?

[@Ulvetann]

I think I will stick to my gold-coins. They'll still work even if my harddrive breaks down. Or paint eyes on rocks and sell them as rock-pets.

[@UnrealPower113229]

@@tacogodboomdogg you fool, what have you done?

[@maybeasinner8007]

@@tacogodboomdogg right .... "trollface"

[@criscanto7040]

Seth Green created a whole show around blockchain tech but didn’t have the correct security measures to protect the jpegs. Gotta respect cybersecurity

[@criscanto7040]

@Jeff Meades hey mate! Thanks! Sure I know, I develop AI and Blockchain solutions along with metaverses, but I’m trying to keep everyone on the loop, if we get all technical no one follows!

[@TheAyanamiRei]

@@criscanto7040 No, I think this is a good point. It just goes to show just how STUPID all of this is. I mean I barely follow this NFT stuff. I mean imagine you tell someone "Yo I paid $50k for this receipt for this AMAZING Art piece! NOT the Art Piece, just the Receipt for it!" If this was IRL they'd be a LAUGHINGSTOCK. But because it's Blockchain, SUDDENLY it's Super Legit and Smart.

[@TheAyanamiRei]

@@kevinc8955 Well it IS illegal if they can PROVE he knowingly bought stolen NFT. That's the trick though, is proving that he KNOWINGLY bought stolen merchandise so to speak. If he did NOT know it OR if he can't prove it unanimously to a jury, then the NFT bro is fucked. Though it certainly does show that it's not so secure after all if even THIS NFT bro got stolen from.

[@ElectricalExistence]

and they say jews are supposed to be smart. inflated self image if you ask me.

[@behemoth9543]

"He stole all his apes" sounds so much cooler without the NFT bullshit.

[@bryanperezbustos6049]

But it makes it sound like it involves illegal animal trafficking, my guy

[@happyboi347]

@@bryanperezbustos6049 even better

[@AnThraxMK]

@@bryanperezbustos6049 ??? hypocrite, my guy?

[@theCelticDragon1]

God I want Ape Escape 4 to exist

[@Sylentmana]

Sounds like the premise to a new Ape Escape reboot.

[@colinpence4580]

People who buy NFTs: "No government regulations!" Also People who buy NFTs: "I am going to go to the government to get my NFT back"

[@TheAyanamiRei]

No no...the want Government Regulations ONLY when THEY are the ones to get fucked. When OTHER people get Fucked, they want ZERO Government Regulations. Though the fact that the Lawyers are saying Darkwing 100% LEGALLY owns this, ASSUMING the person did NOT know it was Stolen. I mean this entire thing just gets more and more pathetic and sad.

[@vorben7826]

pfffff

[@caspos1987]

I still feel like we’re all sleeping on this NFT game… like we all wish we bought shares in Apple 25 years ago or bitcoin 12 years ago. We’ll see…

[@caspos1987]

@@Greenleaf_ I think it really depends on the success of digital vr worlds such as metaverse

[@gecgoodpasi1654]

@@caspos1987 Ye u wish but then there is 1000 other cryptocurrencies that didn't blow up and tech companys that failed xD its a gamble and as always many lose and only few win also there is rly nothing to sleep on about nfts blockchain is probably one of the most ridiculous and dumbest things of the modern world i doubt it will last in a 100 years we have goverment managed crypto that exists without the need of thousands of gpus wasting energy solving never ending code xD. Also unlike private crypto sites a goverment crypto would also be safer cause they can literally give u ur shit back if smth(hack etc.) happens. And who knows if we even need cryptos at all cause online banking is already covering most of it.

[@AlpaChinoDespacito]

Asmon is one of the only twitch streamers I don't mind doing react content because he actually adds value to the video.

[@djtoxicdhg]

Agreed and 10foold

[@steveanton763]

I feel watching him shows how people in the spotlight previously were unable or unwilling to speak their minds. This is a new version of a celebrity who has built a reputation and a brand on being themselves. It's like rain after a heat wave.

[@jonde2922]

Me too, I watched this video through Asmongold, and gave Asmongold a like. Now I don’t have to go to YongYea and give him a view and a like. Makes life so much easier.

[@TheMelancholicWriter]

His reactions and opinions during the Depp vs Heard trial was fantastic.

[@crashmanz22]

* Hasan angrily eating * what wuz that dood, what a shitty take dood * leaves for 20 minutes while video still plays *

[@ultrawow65]

Seth Green being scammed by someone for "1 MILLION DOLLARS!" is the best Austin Powers sequal comeback ever.

[@anthonyryan6716]

One million

[@mage1439]

Does nobody else find it very strange Seth is trying so hard to keep doing his NFT show after being smacked into reality about how garbage the whole concept of NFTs is?

[@Ryurex]

double down with the mistake else you don't do it good

[@Simiocrates]

Not really, he's must have a lot of money invested into the show. He already lost however much he spent on that ape now. He's probably on his way to loose millions

[@bjornsteelside]

Not really, he not only has his own money in the show but likely investors he has obligations to.

[@x0gucx]

After years of just creating original characters and making good shows with them, he buys randomly gened ugly af monkeys for millions to make a s*itty animated live action show.😮‍💨

[@themanbehindyou.216]

Since he was stupid enough to buy nfts, he's surely stupid enough to not self-reflect.

[@jackthibault1548]

If Seth Green doesn’t make an episode out of all this, he’s bad at making tv shows.

[@21palica]

Maybe "Robot Ape"?

[@Battlefox64_RL]

I have a theory that Seth Green set this whole thing up as a publicity stunt. What better way to advertise a movie than to say "the lead actor is currently being held hostage." Title will be in every publication and he'll have spent nothing on advertisement for his dog water movie.

[@Dakka0451]

It probably is a publicity stunt like someone already said in this comment thread or the NFT was the main character, but he could just make a new NFT in a couple of minutes.

[@kreuz7sieben]

A tv show about NFTs...sounds already like he's pretty bad at making tv shows.

[@Tolkfie]

@@Battlefox64_RL That is such a brillaint theory, there would so much benefit to Seth and the bored ape yatch club company: 1. This has generated a huge amount of publicity for an otherwise relatively unknown show. 2. If it goes to court it is only going to cement the legitimacy of the copyright clauses around these NFTs, benefiting the bayc company. 3. If it was legitimately stolen, why hasn't the bayc company offered Seth a similar NFT as a replacement. They would want this show to go ahead, it only helps them sell their NFTs.

[@shakalaka5446]

Seth probably can't afford for this to go to court, just because he needs to push the show out before nfts disappear from the public mind. He needs it right now.

[@sinjin8576]

He fucked around and found out. I never feel sorry when stupid people get hurt doing stupid things.

[@orvilleredenpiller338]

It’s over for Seth. This barely had a chance before. Even if he gets it back, this show has no chance now.

[@shakalaka5446]

@@kethmarhkfy7luf.263 Not if the new buyer didn't know it was stolen. See also: pawn shops.

[@luckypennybenny]

@@shakalaka5446 having worked for one if the cops come in and ask for an item off the registry because it was reported stolen I have to give it to them. We have to sue the person who sold it to use for the money. We don't get to keep the item.

[@shakalaka5446]

@@kevinc8955 and if the theft was in America by persons unknown and sold to someone in another country? Is there even any international law about this?

[@sandrastevens4418]

The whole NFT thing is a big scam. The whole idea is dumb. It's not like your buying a Rembrandt to hang on your wall. Absolutely ridiculous concept.

[@ManoloAlfaroArevalo]

is supposed to be usable with nft space (think in meta from facebook) but the development will propably take a few more years, I don't advocate for nft's but it's not really a bad idea as well as crypto, just scaaaaamly applicated xD

[@CATAZTR0PHE]

@@ManoloAlfaroArevalo hmm, this sound exactly like those people who claim "communism concept is good, it was just incorrectly applied" 😂

[@orionflaherty808]

@@ManoloAlfaroArevalo something has to have intrinsic value first which nfts do not

[@McRino1]

@@orionflaherty808 nfts are collectibles and thats it. its stupid to say things have to have intrinsic value. as long as someone wants to buy something, it has value. look at any collectible in existence to date, as long as something has value to someone regardless of your personal opinion it will sell

[@orionflaherty808]

@@McRino1 on a case by case scenario maybe but not with an entire market. You can't even call it a collectible since if u want the actual work just screenshot it. Sure all that sounds good n all but it's all crashing down for a reason, in a market intrinsic value does matter that of which nfts have none

[@jonde2922]

Ahh yes, watching Asmon, watch Yong, read other peoples tweets.

[@lileofficial4273]

Ahhh, modern youtube...

[@Zanbatoss]

Reactception peaked

[@thisisnotatestthisistheend]

@@Zanbatoss not unti l make a reaction to this video

[@NoxxicReaper]

As an Australian. I can educate you. Nobody drinks Foster's in Australia lmfao

[@hoten]

VB mate lol, nah toohey's

[@NoxxicReaper]

@@hoten VB is shit, Tooheys is fkn meh

[@HouseOfAlastrian]

Can't speak for all Aussies but I love me some James Squire and some Stone & Wood.

[@roybobxiv8996]

But can you see the pub?

[@TheEZOOD]

But it’s Aussie for beer…

[@Toxicotton]

This reminds me of when Flaming Dragon held Simple Jack hostage.

[@ahmataevo]

YT actually is showing Tropic Thunder for free, for a limited time right now.

[@19671967tc]

Og movie

[@Skyverb]

@@ahmataevo Oh! Thanks for this! Love that movie.

[@nbdxSkywalker]

“I didn’t live in my moms basement, I live in the attic. I’m literally above them...” LMAOOOOOO

[@Nilas55]

I'm surprised people miss such an obvious thing, but the US doesn't have any treaties of legal enforcement with neither Australia or the EU, a judgement from an American court would effectively be worthless in Australia and vice versa, he would have to sue him with an Australian court under Australian law

[@CrookGX]

All too true about the ridiculousness of NFTs amongst people struggling to eat. I've been living on dollar store brand bread for three days, lol. I make sure the cat has enough to eat though. These people are spending incredible amounts of money on images while mine and many others' stomachs growl.

[@CrookGX]

@@kevinc8955 You have no idea what my situation is or marketable skills are. The price of food is rising, that's a fact. Hopefully you or yours doesn't have to go hungry. Despite the fact you decided to be nasty, I wish you the best.

[@travisgibson1505]

@@CrookGX I think he buys NFTs

[@shadowrunner2510]

Can y'all imagine talking about this year's from now? "Remember when Seth Green's ape was stolen?"

[@Plutus612]

The whole NFT hype, is exactly what happened in the modern abstract art scene. The real passionate artists always end up on the short end.

[@TheGreatestJuJu]

With all the headlines and controversy, this version of the ape could end up being one of the most valuable ones at this point.

[@Varyiel]

He could return the NFT one image at a time, starting with an image of an ear 😂

[@hauntedstereo2665]

One pixel at a time

[@Ebani]

😂 💯 👌🏽

[@lrmcatspaw1]

I somehow expect Darkwing84, Mr.Cheese and the guy who catfished Seth Green to be the same guy.

[@cattameme]

"can you imagine some mother of two 2 on a jury listening to this shit" aahhaha

[@anghellicamakes2792]

I love this. I love that he got screwed over. Well deserved.

[@StarsGameCorner]

The big brain move would be to allow seth use it but take a royalty fee for it xD

[@tedkaczynskiamericanhero3916]

I think we're the only ones seeing that option. I'd sign over ownership, if properly detailed in a contract, for a cut of GROSS revenue from the NFTs. Gross revenue because you gotta be ahead of their sneaky accounting tricks or they'll get away with not paying you anything. Magically everything will be losing money, in regards to the NFTs

[@soggy5880]

The funniest thing about this is that Seth green played a guy who was a hacker in the Italian job, and he created Napster but his roommate stole it from him 🤣🤣🤣🤣🤣

[@joey13787]

Darkwing should go ahead and make the show himself

[@tedkaczynskiamericanhero3916]

I was thinking something similar. Give the NFTs back for a contractual agreement getting a cut if gross revenue made from them.

[@LordOfElm]

The problem with regulating NFTs is you need people smarter than these dumbasses who fall for NFT scams to be writing, implementing, and enforcing those regulations. Can you name a government or court official who has a solid enough understanding of NFTs to do that? Further, have we seen a single court case involving NFT copyrights based on "blockchain ownership" set any expectations?

[@michaelpettersson4919]

There are a lot of "economical products" that I cannot see any practical difference in from NFT in that that they are only about attributing value to nothing.

[@stonwall9065]

Not to mention that totally defeats the original purpose of decentralized, self-regulating, self-insuring process of blockchain IP

[@Dakarn]

Seth Green: I need this back. Please return it. Darkwing: I bought it. I own it. Seth Green: It's an integral part of the show I'm doing. Darkwing: So.... how much is it worth to you?

[@Dakarn]

@@kethmarhkfy7luf.263 possession is 9/10ths of the law. He bought it, not knowing it was stolen. It's not like it is some priceless antiquity that was stolen from a museum.

[@TheScience69]

He could literally just make a small change to the "character" (doodle of a mokey), and change the name....and still release the show that he's apparently spent time and money on instead of just abandoning his work and saying he can't release it... Anyone know if he found someone to insure the monkey doodles he paid hundreds of thousands for that he totally had big plans to make a profit on, which have just been very publicly stolen? I don't know if nft insurance is a thing, but this seems sus.

[@awonoto]

You have to understand that the usual assumption that the show’s purpose is to entertain people can not be used. The purpose of the show is to inflate the value of the NFT Seth “owned.” If he doesn’t own the NFT, then Seth probably imagines that it would only benefit Darkwing84 if he releases the show.

[@sidewaysfcs0718]

He can actually use the exact same jpeg, since this is completely unregulated, no one owns these NFS's, it's all pretend-ownership.

[@SS-xc7lh]

@@awonoto Huh didn't think about it like that, I'm suprised he's been so public about the theft then because the hype is just as likely to inflate the value for DarkWing as the show, I guess he wants to get it back as fast as possible before it gets to valuable

[@davidbilich1708]

@@sidewaysfcs0718 this is the whole thing. Only humans can generate copyright able materials.

[@Cable7474]

This could actually be a genius move for the show.

[@TheTicain]

That specific bored ape is the only NFT to gain value in the history of NFT

[@Seto_Saotome]

The way they phrase "kidnapped", is like saying an actor got kidnapped in a middle of a movie shoot, so the release date of the movie could be cancelled or delayed lol

[@MrNmc09331]

When they say "purchase" in blockchain terms means "registered transfer of property". The scammer also "purchased" the NFT, since the transfer is registered on the chain. NFT = scam

[@LyonManes]

I mean what if it was just stolen and purchased illicitly? Would you consider something sold by you if someone took the item and gave you money for it without you wanting it?

[@aaronbrandon2321]

@@LyonManes the problem hes pointing out is nft's are an unregulated market, where possesion is 10/10ths of the law. Simply having it in your possesion wouldnt look any different whether or not it was sold legit or stolen.

[@LyonManes]

@@aaronbrandon2321 ...The same can be said of someone stealing your bank credentials? What does this matter? Unregulated doesn't pass common sense rules, regardless of the situation one could easily assess what was gotten illegally and what hasn't. I am not joining in on the anti-NFT people who cackle and laugh at anyone who lost something trying to do NFT stuff, nor am I for NFTs AT ALL. It would be like me going, "I have a receipt" and the other person going, "He broke into my business and printed that himself, here's the proof." Basically showing some sort of evidence of the break-in, regardless of regulation it would be considered stolen regardless of that. I'm not arguing for the decentralized points that most NFT bros jack off to, but by law I'm sure it would be similar to stealing bonds, where your NFT is equivalent to some sort of owned asset.

[@LyonManes]

@@Thanatos2k Uh, not if he has stolen your identity/credentials. I'm confused, why do you think it's impossible to impersonate someone and take their money out?

[@aaronbrandon2321]

@@LyonManes if its just bank credentials, you can easily go to a regulated bank and tell them you didnt make the purchase. I had this happen twice easily got my money back and my account numbers changed. This could only be done per bank regulations by going in person with a valid photo ID that match my face, name, address. Then on top of that they could only send a new card to the address on file. This would be insanely hard to fake you would need to fake a US ID with my name but your face on it. Good luck, that requires a complete fake birth certificate and a fake social sercurity. That jail time if you get caught would be hefty. Steal an nft and its basically a game of he said she said. Law cant really do anything, or else Seth would have called them right??? Well if someone steals your bank info and takes money out, you can call your bank, you can call the police, both have actions they can take against bad actors in a regulated market.

[@darkedgrid2724]

It would be gold, if he actually used the rights that comes with nft for a show and did the show by himself. That would be the ultimate trolling technique

[@giantmode]

Darkwing should definitely HODL to prevent the world being subjected to another Seth Green show.

[@archmagemc3561]

Know whats funny? He never owned the ape in the first place. The NFT is just a token in a data set for a server, using the image as an identifier. However the image isn't the NFT.

[@StreakyBaconMan]

Bored Ape NFTs are one of the few that actually do give you ownership of the copyright along with the NFT, so he DID own the copyright for that ape and now he doesn't, because the NFT was stolen and that is what gave him the copyright.

[@archmagemc3561]

@@StreakyBaconMan huh. Neat.

[@CryptoJosh88]

@StreakyBaconMan us right and there are others that do the same you just have to do your research because scams exist everywhere… not just in crypto and NFT’s also lol

[@AsoSnT]

@Seth Green , learn to CTRL+C you'll have it back !

[@HotRefuse]

Who was planning on watching the show? Seems like a bad idea to me.

[@Doctorolivercook]

I propose that we say "shh" and "zip it" all day long like Dr Evil!

[@g-grizzle]

NFT apes?

[@x0gucx]

The show looked so cheap, I guess because most of the money was spent on the s*itty characters the rest had to be.

[@jcmottern]

My down syndrome brother was super excited about watching it

[@jordyjohn2275]

Yeah who is going to watch a show about a cartoon ape? Kids? Stoners? Why would they watch a show just because it is related to finance and investments? Why would a finance/ investment enthusiast waste time watching a show about a cartoon ape?

[@Jo-jn3dc]

My old brother was trying to scam my sister into creating NFTs. His whole goal was to make a profit for himself and give her a small cut. Telling her it was to support the artist and such. I straight up told my sister what he was trying to do cause well I can smell bullshit from a mile away. She basically still believed him but neither of them got around to doing it. My brother also has a history of wasting money when he gets it and basically gambling it all away with crypto. He also convinced some other guy to give him money and he lost all of it. Crypto isn’t a reliable currency however, you can make something from it if you are wise about it. NFTs are just there for people to waste their money on.

[@doctorfeelgood2670]

Wow nobody would have guessed, not like you’re repeating the entire comments section or anytjing

[@XenoDeki]

Immediately gets phished by a twitter comment saying that they can help Seth get it back LMAOOOO.

[@demonvictim]

Can see how he got hacked

[@Demonanimator]

So couldn't Seth Green just go through with making the show anyways, and if the new owner of the NFTs so much as tries to sue him for it, they can just go to court and charge the new owner for receiving stolen property then and there? I could imagine if DarkWing doesn't even show, the case could just get thrown out and nothing can stop Seth regardless.

[@dankolaska4277]

He didn't know it was stolen when he bought it, so he's not obligated to give it back. So if Seth does just go ahead with making his show using the NFT he no longer owns the copyright to he is definitely open to lawsuit. He would need proof that darkwing bought it knowing it was stolen.

[@TheHordeQ]

@@dankolaska4277 Well, legally and without specifics designed for NFTs, copyrights are subject to material theft laws. He has been informed it was stolen so if he (the wing boy) acts on the copyright in any way, he is knowingly committing fraud at that point. (This is based on previous court rulings which are only a suggestion to the judge at the time of court and not legally binding nor is it based on NFTs and whether they can even transfer copyright with a receipt).

[@awonoto]

Because the purpose of the show is to inflate the value of the NFT Seth “owned.” If he release the show now, Seth probably imagine that it would benefit Darkwing instead.

[@awonoto]

Remember that the purpose of the show is not to entertain people. It is to create value out of ugly monkey drawing hyperlink receipt.

[@Demonanimator]

@@Thanatos2k that is true, I have met individuals who didn't even know what they bought was stolen and payed the price for it with jail time. It's not fair but it happens

[@cattameme]

The dude who stole it, could be the same guy who bought it... the guy has like 3 different twitter handles all different. Who does that? Especially someone who's trying to show off their collections... people who have collections, brag and flex on everybody with them.

[@x0gucx]

Someone who is a doctor with a side hustle and a normal life maybe? I have like 3 - 5 different active emails😂

[@ricogoldstar]

What if this is a fraudulent effort to generate publicity for the Bored Ape NFT, generating interest and thereby increasing it's supposed 'VALUE' .

[@andy_o6133]

If it was a publicity stunt it would make this animated series much more interesting 🤨 maybe this is the first episode!

[@happyfarang]

FYI: when you buy an ape,, you don't buy the JPG. you buy a link to a server where the JPG is. lol. You have no ownership over the art and if the server go away, you have an NFT to nowhere.

[@erick4923]

Seth is correct from a legal standpoint. Ape yacht club can make any rule they want up about IP and copyright but it doesn't override Federal law. If Seth can prove the NFT was purchased legally and stolen illegally, he will retain the copyright.

[@ekital191]

United States Legislation doesn't apply to NFTs.

[@x0gucx]

But they keep saying they got fished. It's kinda hard to prove stolen when they actually sent them.

[@shakalaka5446]

US law doesn't mean beans in Australia. Now you're in the murky waters of international law. For example: will China recognize Seth's ownership? If they don't, will they block the show? And if that unclear, is a company going to pick up the show when they can't use it to sell Bored Ape stuffed animals across the entire world? Is the risk of this even worth it where there are other shows to pick up instead? This is a complete disaster for that show.

[@NecromancyBlack]

@@shakalaka5446 There's a ton of treaties between the US and Australia that could let him still have a legal case, but I'd also say that if the NFT was actually stolen then it could be seen as illegally gained and there's probably a bunch of laws allowing authorities in either country to seize it. How the heck they would be able to do that I don't know lol

[@erick4923]

@@shakalaka5446 Good thoughts. Would be country dependent on distribution.

[@KazoWAR]

cant he just get another ape and just redsign the charater for his show, they all are the same ape in different outfits

[@GeorgeCadmanTV]

I have waited a long time for a situation like this, GET OWNED NFT users LMAO!

[@Josh-jy6hg]

I still can't get over beautiful this has been. People hyping up NFTS as if they are going to be the future, ridiculous amounts of money being traded for them and some dude just goes yoink mine now. I really hope they fade out of existence over the next couple years.

[@21palica]

DarkWing84 may not only be a hero we didn't want, but he may also be a hero we don't need....just like all those NFTs (Narcissistic Fools' Trophies)!

[@seiboldtadelbertsmiter3735]

Thing is the guy is in possession of stolen property. If he's outside the US there is very little Seth can do. If the person is outside the US Seth would be better off hiring people to "speak" to him and persuade him to return it.

[@FilipCordas]

Not really its questionable if nft's are even IP, but that aside you can't steal IP, just because you have a contract in your hand doesn't mean you own the IP. It's a ridiculous idea that IP works this way, honestly this looks like a publicly stunt because it's so ridiculous.

[@aethertoast4320]

The only practical thing I can think of is as a literal receipt of a vidogame that would allow for you to buy/sell used digital games. That is the most useful thing I can see NFTs used for

[@marcodallolio9746]

Funny how we had a period of wild creativity in financial speculation right before a world war just a little more than century ago. We seem to really like this pattern

[@empire_of_lesun2088]

the Worst part about NFT's is it makes card collecting/ trading cards seam better when they are really similar.

[@inkunzipaw6905]

Scammy as tcg's are, you at least have a physical item, that even if the game loses all players and the cards lose all value, you can still use it to unlock your bathroom door or to block overspray when painting your rims

[@barrettmullins213]

You should watch the Legal Eagle about copyright of NFTs. He raises a valid point that that the contract may only with the original purchaser, and does not necessarily transfer with sales on the secondary market. Because at the end of the day just because Bored Apes say they something, does not mean it is legally binding.

[@michaelcornelljr]

My hope for this story is that Seth Green paid the guy to "scam" him, then post it and purchase it on his alternate account for 200k. Now the IP is instantly worth at least what it was purchased for at the rate of 200k thus artificially driving the asset's value up from it's original value of zero and the added benefit of free publicity for the show.

[@JGD714]

I don't think he's smart enough for such a play.

[@grayden4138]

I hope he loses everything to underline how terrible this movement is and how utterly unprepared the market is for when shit goes south. it's full of LOLs.

[@daemonthorn5888]

The entire premise of this video is false. Buying an NFT does NOT grant you a copyright to the image. This is something erroneously believed by many people. For example, a group of people bought NFTs that consisted of images of an unused Dune script. They thought that,because they bought the NFTs,that they were going to be able to produce a film based on the script. Then they found out that they couldn't do that,and buying an NFT does NOT grant you copyright or intellectual property rights. The contract written by Bored Ape Yacht Club does NOT grant you LEGAL IP rights. That contract is not recognized as legal copy right or intellectual copy right,BECAUSE the original owner or the artist that made the NFT art would have to have filed a copyright for each and every one of the apes they made. If BAYC does not have a legal copyright for every one of those apes then ANYONE can legally Save as... and do what they want with the image. TLDR.. If the originator of the NFT does not have a legal copyright for the image,then they do not have any legally recognized property rights to be transferred upon purchase of the NFT.

[@dayanson6920]

This feels like its a real scam just for pr marketing. I feel like he will use this whole saga of things that happened for content for his new show.

[@itsallenwow]

That’s a good theory I never would’ve known about Seth green’s show without his ape getting stolen

[@daemonthorn5888]

30:18 I'll never get how someone can feel proud over exhibiting a total lack of personal integrity. I lump scammers into the same group ad cheaters. Both behaviors are despicable and make you a bad person. I lump people that think they're better than other people because they have a lot of money into that same group. We all end up exactly the same in the end. Dust.

[@tylersguide]

It all depends on how good the lawyers are. If they can convince the jury they can set the precedent which would probably determine the future of NFT law

[@Billygrundmeyer]

Juries do not make precedent. Juries only decide questions of fact, not the law. Judges decide questions of the law.

[@NotSoSerious69420]

Too bad that’s not how that works.

[@pascoett]

If you buy stolen goods, you’re obliged to give it back. The problem in this case is for the owner to prove that the NFT‘s were stolen in the first place and deliberately sold.

[@Cynthiabecker24]

Thanks for the update.....and you're correct. Put me in the jury and I'm gonna be that Mum going....huh? You bought what? It got phished off of you? It's non fungible....can I make a fish and mushroom rissotto with all this???

[@CaptainCanuck1975]

Did the TV show hinge so heavily on having a bored ape as the "star" that it can't be made without one?

[@jperry253]

NFT's are dumb, but that food analogy was dumb as well. You could say that about anything, such as spending thousands of dollars honing in Lost Ark

[@PaulShelby100]

Seth Green’s dad is Dr.Evil, he’ll think of something.

[@MapleLunii]

I'm kinda confused. So the phishing link was used to get the monkey jpeg and then resell it to someone else? (Essentially, Seth 'sold' it to the phisher on the blockchain for free via the scam link and then the scammer resold it to a rando Aussie guy?)

[@gorillamunch6899]

He got his block chain password or some shit I guess idk

[@TGIFrank]

Asmon turned into a pro bono IP lawyer so gradually I barely even noticed.

[@DK-421]

The fact that you responded to Yong is awesome. Been following Yong for YEARS.

[@compostsmurf5519]

Awesome? Dudes a fraud, will never forget his cyberpunk review or gamepass shilling.

[@Zototh167]

I think in the legal argument Green is probably right but it is completely unenforceable. I think that fraud ( i.e. the stolen art being sold ) negates any rights. This all applies to real art and theoretically it would apply, I have seen stolen property being confiscated from the buyer with no recourse so I can't see why the same wouldn't apply here. Of course like I said, it's probably impossible for a court to enforce because it's not just a physical thing they can take away.

[@undo2redogacha852]

Imagine if the dude that has the NFT is actually Seth Green using all of this to advertise the show. 🤣

[@HopeYukizmizu]

Imagine being so proud that your not bound by regulations and laws in the corrupt nft market, then when you get scammed then trying to get the same regulations to help in an unregulated market

[@ahmataevo]

I hope all these crypto bros lose everything they have. Scammers and thieves, all of them.

[@bb-kc9be]

No Aussies drink Foster's. You can barely find the product in the country.

[@capisenior]

Hmmm, I do agree 100% with NFTs being trash, I just feel like the analysis of perceived value can be applied to almost anything, to be honest... At least in regards to 'brand' items. Why is a chanel purse worth 261 thousand dollars? Even if it has quality, most of it is definitely hype and perceived value... Or even cars... Why is a lambo worth millions if not by perceived value?

[@22Arcana]

Well for the lambo there is the time, money, materials, manpower, etc. that was put into making it that is part of its value. With things like Bored Apes its something a bunch of guys made a template and threw it into a randomizer and pressed the button a few thousand times then minted it on the blockchain. The only reason 1 Bored Ape is worth more than another is cause of some arbitrary drop rate for certain characteristics that is completely in control of the ones that made it.

[@u_ub]

@@polster1404 you can always sell a lambo for scrap metal

[@bachpham6862]

Yes, it can more or less be applied to everything. However, "brand" is different because they are desirable from a cultural, socio-economical view: a Lambo is expensive because we associate owning one with being rich and successful. In this way, it has real life personal utility (as a bragging right). However, NFT (or at least the current version) exists for speculative value, and it really is not having any real utility value (and even for projects that claim to have, the question is why on the blockchain). In this way, NFTs are closer to Herbalife or Amway: when was the last time you see people actually consuming their products for health benefits? Or are the seller just trying to offload their inventory to someone else by promising speculative value?

[@qwerty2269nd]

Because you can just simply copy and paste an NFT, then make your own identical NFT.

[@demonvictim]

Most luxury goods have a base value and have spent money in marketing to create a brand. A brand value is the equivalent of a famous person signing a product. Nfts are essentially Lamborghini stickers that you can buy for a dollar

[@Gaijins]

Since it’s not regulated he could simply just make the show regardless. If you’re not protected against theft then the copyright laws for it are also nullified. No regulation means no regulation.

[@---rm8do]

Yong makes gr8 videos and also voices a Jojo villain.

[@somedude459]

I would love it that my accounts in games were nfts with actual value

[@AlwaysFaxkenCashinHandMate]

I liked watching you man but I can’t stop thinking that each person you’ve scammed will remember it for the rest of their lives and to you it’s just as easy as brushing it under the carpet. Even the smallest scams will be remembered sooner or later by the person who got scammed. Especially if you trusted the person.

[@erlanddrow7950]

21:52 At first I thought "Why would anyone want to own 1 singular character from a show or game? Unless they're popular and you can do a lot with them what's the point?" Then I realized, what if a Rule 34 artist acquires NFTs of characters used often in NSFW art

[@modernwarhero8447]

NFT’s deserve to go back from where it came

[@marinecor23]

Look up the DnD spoof item "Non Fungible Trident"

[@lileofficial4273]

How do you put a scam back into its creator? 🤔

[@marinecor23]

@@lileofficial4273 Call it a tithe and tell the government you can't be taxed for it cause it's a donation. Rinse wash repeat every Sunday

[@lileofficial4273]

@@marinecor23 hmm?

[@marinecor23]

@@lileofficial4273 🛫🙆🛬

[@danielpatton3317]

Your willingness to ban people for being annoying makes me smile so hard. That's a beautiful example of "fuck you money."

[@NNNNN2889]

Hi

[@georgeoscarbluth1101]

Hi

[@Mrburntcheese]

Hello

[@NNNNN2889]

Hi

[@afggetlost1342]

Hi

[@pinkdrink6535]

Hi

[@Zephy_Sky]

How in the hell did nfts ever become a thing? Like how do you start something like that? "Hey buddy, I got a super special picture on the internet I can sell you for a couple grand." "Oh cool, that must be quite the amazing picture." "Nah, it was my son's art project from the 4th grade. But there is only one in existence and you can own the exclusive rights to it!" "Couldnt someone just screenshot the picture?" "Yes, but you would be the true owner!" I'm probably missing something here, from what I've heard of nfts they sound too stupid to delve into the full concept.

[@MrAntiKnowledge]

Whoever stole those Apes did a service to humanity. We got enough cringy TV shows already, thank you very much.

[@Wenkamuy]

"I'm getting finessed by buzzfeed!" Haha asmon is fkn hilarious

[@duewhat9815]

The true irony is the marvel and uncertainty of NFTs make them ripe for scammers, hackers, and other thieves and the best advertisement they were ever going to get was going to be this TV show...imagine the amount of buyers it would have brought in for NFTs but in the end it just showed more people how shady the community around NFTs is, and if the show ever does pick up it's history of Seth getting hacked is only going to be even more mainstream.

[@andrew4life362]

Asmon mumble stumbles like an old man......I love this man

[@ericdee393]

This was a good observation: "Actually you're just an idiot buying pictures of monkeys" - pair it with the hubris of making it to the free market, and it made a lot of sense.

[@The-Muslim-Samurai]

Isn't this my joker from Mass Effect... Rip he was my favourite pilot

[@Smith.S.sStocHasticSs]

9:19 😲😮🤣😆😭 ommmggg your face!! 😦😧 right after u say "ridiculous" ... 🤣😆😭🙈🙉🙊 I can't even find an emoji this good 😲🤣🙉 amazing 9:30

[@bnol03686]

People, this is obviously a fucking PUBLICITY STUNT! Come on!!!

[@reaper117nobody7]

The real power move here would be for the guy to sue seth green for trying to use his nft in seth green's show.

[@keremanani3506]

The problem with end user agreements of yacht club or whatever they are, is that, that agreement is only made beholden on the original buyer. The other buyers then on are on contract with the predecessor owner. And the thing with smart contracts is that, they are not acknowledged by the law. Just because I tie a shotgun to my bedroom door and make it deadly to enter my room, doesn't make my room legally against the law to enter. Just because a computer program is meant to do something, it isn't recognized by the law

[@criteecgaming]

My stepmom worked at a pawn shop for a long time and the amount of times they unknowingly bought a hot item and it would get confiscated and they would be out the money was unreal. The police would say things like, it was brought in in a walmart bag and you thought this was legit? I could see the same thing happening in the nft world. I think Seth Green has more of a case here than you think.

[@Chihirolee3]

Intent is the biggest issues here. I had over 20k of tools, a car, and a trailer stolen from my business. Despite camera footage from the city, because I do not have footage IN MY BUILDINGS, which were dark because it was at night....the aspect of it being an "intentional theft" doesnt have enough weight for legal action, for physical goods. I was the one who located my stuff, over 2 hours away, on the premise of an auction place and a drug house. I got about 60% of my belongings back. But yet, 2 US states will not charge the perpetrators because they "cannot prove" intent. This happened last year...

[@Chihirolee3]

I will edit mispellings once im on a computer. My phone doesnt allow for that.

[@Lantertronics]

The bit at the 12 minute mark has a name: "greater fool theory."

[@drakesavory2019]

People in the 70's were stupid buying Pet Rocks. **Buys NFT**

[@jamiecrwilliams]

Atleast it wasn't Napster...Seth took a big hit on that one.

[@paulklenknyc]

Seth could be knowingly participating in a publicity stunt to promote his show before it starts.

[@SeedlingNL]

If Green goes to court, he's going to have to sue the company behind the Bored Ape NFT, as THEY are the ones owning the IP. Remember, the new NFT owner only bought permission to USE the IP, not OWN the IP.

[@SeedlingNL]

@@kethmarhkfy7luf.263 It's not your car though. You only own the receipt that allows you to use a picture of the car, while the actual car remains on the dealer's lot. And then you lost the receipt because you kept it in a book in a box you left next to the trash, where it was found and sold by the guy that gave you the box.