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/biz/ - Business & Finance

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49333633 No.49333633 [Reply] [Original]

https://www.youtube.com/watch?v=C6aeL83z_9Y

Watch this, a 50 minutes of a fucking lawyer saying why NFT are a scam.

Basically, you can't buy and sell the copyright ownership of an art piece, acording to law.
And art generated by a computer can't be copyrighted because copyright only apply to humans.

So basically you're buying something you're not the owner, more than me buying harry potter book doesn't make me the legal owner of the copyright of harry potter.

So, basically he says that you're not buying something that can be legaly protected, as current law contract theory can't protect hyperlinks, more that they can't protect you if you buy an english word.

And square enix sold tomb raider for this.
LMAO!!!!!!

>> No.49333731

>>49333633
>acording to law.
code is law

>> No.49333781

>>49333633
>art generated by a computer can't be copyrighted because copyright only apply to humans.
the art is made by humans, the ai just randomize the whole thing

>> No.49333797

>>49333633
>antiquated bureaucratic equipment talks about thing that will replace him

>> No.49334431

>>49333633
since when do NFTs have anything to do with copyright you retarded faggot, the copyright IS the blockchain
you are missing the entire point

>> No.49334454

>>49333781
it doesn’t matter if the art is made by humans or not, copyright systems offer no value to blockchain protocols it is completely redundant
OP is either dumb or trolling or just new

>> No.49334461

>>49333797
this lmao

>> No.49334534

>>49333633
>boomer lawyer says
stopped right there

>> No.49334592
File: 148 KB, 371x353, 1497124327715.png [View same] [iqdb] [saucenao] [google]
49334592

>>49333633
Yes they're a scam, but this pedo retard doesn't know what NFTs are if he thinks it's about ownership of a picture.

>> No.49334594
File: 131 KB, 645x773, 1422689418712.jpg [View same] [iqdb] [saucenao] [google]
49334594

>>49334534
I'm probably older than LegalEagle. Feels fucking bad, man.

>> No.49334599

https://youtu.be/79UeIp3ngjk

>> No.49334637

>>49333633
I'm a lawyer and I think this is retarded. Zoomer NFT collectors aren't spending hundreds of thousands of dollars to sue each other over copyright infringement in court that will take 5+ years to resolve. That is peak Boomer behaviour.

Pro tip: you can find and pay a lawyer to say whatever the fuck you want. Never assume a lawyer is telling you the truth.

>> No.49334717

>>49333633
nice law you got there would be a shame if someone published a description of a data structure that completely subverted it

>> No.49334735

>>49333633
in the real world there are already legal means of owning the copyright to something. copyright only works within the system that maintains it, it doesn't work outside of that system. so a country that doesn't recognize other country's copyrights isn't affected by those rules. since crypto operates outside of the purvey of all governments, government won't recognize someone as the "official" owner of an nft.

magic the gathering cards are basically nfts, since it's not actually that hard to counterfeit them but then they're not "official" and you cant sell them or use them in tournaments (unless you don't get caught).

the problem is nobody cares if a purely visual nft is official. celebrities PRETEND to care because the whole nft "bubble" is just a scam to get normans to buy them, as well as a money laundering operation, a la modern art. (selling a black canvas for $500m, etc.)

>> No.49334817

>>49334599
This is the real answer. /biz/ spends a year calling (APE, DOGE, etc.) coin a scam while people make money off it, then when it finally crashes (as the entire market implodes) they celebrate and say look we were right.

>> No.49334827

>>49333633
Laws are changed and this hasn't gone to a law place yet. I've seen royalties for real things being sold as NFTs
https://auctions.royaltyexchange.com/orderbook/overview/?origin=listings
I'm not gonna watch 50 minutes of this guy say spicy things for views. Let's be clear though that an NFT in itself doesn't mean you can just mint it and call it a copyright. (Hence why you can't mint an NFT of the Mona Lisa and say you own the mona lisa, because you don't) but if you sell your shit with an NFT and claim that the NFT is the right of that, then that's gonna hold up just fine in court, but it's gonna be an expensive case since it would be precedent setting so here we are.

>> No.49334857

>>49333797
/thread

imagine being stupid as OP and actually waste your time listening to him kek

>> No.49334915

>>49334827
A lot of NFTs clearly state you own the rights to it and can use it how you want. I guess the conflict would be someone else trying to use "your NFT."

>> No.49336408

>>49333797
When do lawyers get replaced by nfts?

>> No.49336432

>>49333633
correct but irrelevant. an NFT is not a copyright. nobody has made that claim. that I know of at least kek

>> No.49336443

yet ETH whales like BitDAO are literally funding PleasrDAO with $4 million in order to expand the BitDAO metaverse ecosystem
>seethe

>> No.49336540

>>49333633
I dated a lawyer. Confirming they are the scum of the earth and many are thicker than pig shit.

>> No.49336687
File: 1.63 MB, 2456x1434, Screen Shot 2022-06-02 at 10.40.11 PM.png [View same] [iqdb] [saucenao] [google]
49336687

Society is already dead and no one gives a shit about your stupid word gymnastics. You can claw my number from my cold dead hands you slick haired fuck.

>> No.49338197

You don't need a 50 minute speech from a legal expert to tell you that. Anyone with an ounce of common sense could.

>> No.49338222

>>49336540
They're still above politicians and what passes for a journalist these days though.

>> No.49338238

>>49334431
according to the blockchain all you own is a hyperlink, kek

>> No.49338270

>>49333633
>professional shuckster who produces nothing evaluates digital assets
Wow, tell me more.

>> No.49338301

Who said you're buying the copyright? That always belongs to the artist unless they died long ago and the artwork has moved into the public domain.

If I buy a physical painting I just own a copy of it that was created with the permission and blessing of the artist. I can sell that copy to someone else, but I can't legally create duplicates or additional copies. NFTs just ensure the authenticity of the "official" copies released by the copyright owner for digital artwork.

>> No.49338355
File: 888 KB, 800x340, 1652384617895.webm [View same] [iqdb] [saucenao] [google]
49338355

>>49338222
This fucking idiot right here, look at him.
Lawyers are arguably magnitudes worse in every aspect than a shitty journalist. Journalists at the very least produce gossip. LAWYERS MAKE NOTHING, ITS AN INSTITUIONALIZED SCAM, KIND OF LIKE REAL ESTATE AGENTS, AND ANYTHING ELSE THAT ONLY EXISTS BECAUSE BULLSHIT LAWS.
also fuck you for having this shit opinion, you and your retard cohort are what's wrong with the world; picking favorites in the cesspool, just dont point out the fact that everything is shit.

>> No.49338444

>>49338355
Because screaming and flipping shit about nothing makes you a weak cunt. Imagine writing a whole essay over nothing

>> No.49339034

>>49338444
Your YOU sir.
Not an argument, you said nothing.

>> No.49339237

>>49339034
But he said it with triples.
TRIPLES!

>> No.49339340

>>49333731
This.

>> No.49339463

>>49333633
>Apr 27, 2022
Normies are so behind the curve it's sad.

>> No.49339513

>>49333633
Can someone please create a NFT explaining, why layers are a scam?

>> No.49340462

>>49336408
When governments are weaker than wealthy Citadel citizens, so soon

>> No.49340500

>>49333731
Men with guns is law

>> No.49340668

>>49333633
>LegalEagle

>> No.49340694

My bar call is later this month
Why do you hate us so much?

>> No.49340812

>>49333633
You're not really buying the image. You're buying the title to it, or the certificate of authenticity. You're buying the ledger entry.


People will say shit like "hurr durr you're buying a link on the blockchain" -- but all that really matters for value is that you own the rights to that specific space on the blockchain, which is perceived as valuable to others.

That's why all the "haha right click save" idiots look look extra stupid, because it shows a fundamental misunderstanding of the technology.

If you still think the only form an NFT can come in is a useless JPEG you buy, then you're an idiot. Proof of ownership of certain NFTs can mean special access or benefits that someone who right click saves can't receive. Membership to certain exclusive clubs can be sold as an NFT. The title to your house could be an NFT

>> No.49341739

>>49333633
>1pbtid