151–160 of 438 posts
Surely YouTube making a knowingly false allegation of tortfeasance against someone is libel. That should be actionable, possibly in a group action? Continued libel that inhibits the democratic exercise of free speech seems like something the government should act on?
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Wouldn't this mean that the only people able to make claims in the first place are people with $1M to spare? It might deter aggressive claims, but also prevent individuals from making claims on violations of their copyrights.
Perhaps it could start low, $2, and then for every fraudulent claim you make it goes up exponentially? It would be accessible to the common person, but for a mega company making bulk fraudulent claims, it becomes expensive.
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Anything bitcoin related is wild today. Big and free money make people lose their damn minds.
This is not just a bitcoin issue. See: Sports gambling, prediction markets, pay-later apps. Gamified finance in general encourages risky behavior.
We periodically become very aware of this. See financial news in 1893, 1901, 1907, 1910, 1914, 1920, 1937, 1949, 1953, 1961, 1970, 1973, 1983, 1987, 1992, 1998, 2000, 2008, 2011, and so on and so on.
It's almost as if a zero-sum, value neutral industry controlling the bulk of world finance is inherently a very very bad idea.
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I don't think it does. Keep in mind though that 3blue1brown is peanuts compared to Mr. Beast. I would not be surprised if Youtube has a team dedicated to keep Mr. Beast happy.
Imagine being on that team, and going home every day and reflecting on your career choices.
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This seems like a huge abuse of the copyright system to me. It sounds to me like ChainPatrol doesn't actually have any IP to protect, but they are instead deputizing YouTube's copyright system to fight what they deem to be crypto scams. Absolutely wild if true.
You can definitely use your IP to take down scams. If someone is using your name or your company's name to scam people, it is in your interest to save your name and provide people assurance that they can do business with your name.
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> a good baseline might be that you need to deposit say $1M This is a license to rip off the copyrights of anyone without a million dollars in cash.
Nah, I'd expect under this model insurance would become readily available. Insurers live on the margins, so even though it would cost a lot of money if you crash that boring mid-range car into somebody's house, the insurer doesn't charge you a lot of money to insure you against that risk, they're betting that on average you're not going to do that. As a safeguard they probably don't insure kids who just got bought a…
I don't know though, maybe that will prove to be too hard and the bot filled platforms will win. In which case maybe the only way to be safe from the bot armies is to hire a bigger bot army yourself. Fun!
I wish Youtube etc would blacklist requests by these companies, but am not optimistic. Curation seems like the path here, but it seems difficult. (See also the recent Kagi thread here, highlighting how being able to curate which sites appear on your search results is a big deal)
I agree, but the economics currently don't favor YouTube caring enough to solve this sort of problem In fact, everything aligns to incentivize them not to care: making the barrier to make a successful claim higher and the larger rights-holders start to cause problems; the cost of seriously adjudicating claims is substantial and may well be unsustainable. The consequences of bad policy are also quite low for them: mos…
from https://x.com/ChainPatrol/status/1876300596182983151 " Hello! This was a false positive in our systems at @ChainPatrol . We are retracting the takedown request, and will conduct a full post-mortem to ensure this does not happen again. We have been combatting a huge volume of fake YouTube videos that are attempting to steal user funds. Unfortunately, in our mission to protect users from scams, false positives (ve…
This will continue happening to smaller channels and creators, and they will continue to have their content stolen.
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"America's funniest home videos" got dumbed down to "AFV" and the content was mostly "ow, my balls!". They even added a warning to the viewers to submit "wows, not ows". Although to be fair,some of that happened before Idiocracy came out. With the public money used for sports stadiums, that element of the movie to have government sports teams is slowly coming true also.
If you search YouTube for "fail army" there is clearly a whole ad supported business model for revenue from something that is about the same as "ow, my balls!"