 Welcome to Digital Asset News to get top stories and crypto current digital assets and break them down into bite-sized pieces. Today we're doing a quick addendum to a video we did a couple of days ago. So a couple of days ago there was a piece that we talked about and it was about It's a Bubble and this was from a Harvard financial historian but in the very beginning of the video I talked about and for a very long time I had about scams and how to report these scams and everything else. I think the video was like 28 minutes and I spent whopping 10 minutes on the first part of it and first of all I will never talk that long about scams again. In the very beginning I will always be pushing it to the end as far as the scam of the day but this is just an addendum because in one of those pieces or one part of the video I talked about how when a scam video pops up when you're about to watch a video of your favorite YouTuber or doing the middle or the end some type of scam video might pop up and you can click on the you know skip the ad and I said don't do that because this is a prime opportunity to report this ad and people are like well I can't do that there's no way to do that so what I'm going to do today is I'm going to go through and show you how to just take 20 seconds and wipe out these scam videos without downloading and reporting your favorite YouTuber which this scam video is playing on in the beginning middle or end so before I go on to that I needed to you know put everything in context this is from July 10th and this is from whale alert on medium.com we don't know whale alert on twitter it's a it's a pretty cool account they do tracking analytics and they report large investments and moves of like whales and things like that and they were also able to show like how many people are getting scammed and how much money is being put into these scam accounts so it was a really helpful it still is a very helpful twitter account and they they put all their their data data together and they wrote this little quick piece and they said for the criminals there is almost no risk involved while victims lives are being destroyed and that's totally true because in today's video we went went over there was an article which talked about how ripple and actually sued youtube for using the ceo brad garling houses image and video in scam videos that were being put out by these scammers and the legal team pretty much just went forth in the litigation said hey it's not our fault we're not responsible for that and yeah it's our platform but it's just not our fault so really what it's saying to everybody is like hey you can put these scams up and it's not going to make a difference because you know what we're not going to take responsibility for it even though it is on our platform so that's a big problem so then you have to remember something about scams that is that if you've been involved in cryptocurrency it lasts for a while you know the game you know what time it is and it's not really surprising but you have to remember there's new people coming in and they don't know what's going on and they're like what's an airdrop and what's a fork and what's a cryptocurrency i don't know what that is but uh well someone's going to give me you know a little bit more bitcoin for one bitcoin maybe that's what an airdrop is i have no idea what that is it's just so weird to me so that you have to understand that uh everybody's in a different position so it's up to us to help the community and this has actually been affirmed in what whale alert is actually saying here in their medium post and they said hey we've used all our data and analytics and so far we've been able to confirm 38 million dollars in bitcoin alone just bitcoin have been stolen by scammers over the past four years so remember that 38 million four years however 24 million of which has been during the first six months of 2020 let me read that again 24 million dollars during the first six months of 2020 some of the most successful scams made over 130,000 a single day with nothing more than a one page website bitcoin address and a decent amount of youtube advertising so if you take a look at how much is actually being scammed we're just going up folks and there's no way it's going to slow down so this is a problem and it goes on to state that the change in method and the increase in quality and scale suggests that entire professional teams are now behind some of the most successful ones and it's just a matter of time before they start using deepfakes you know what deepfake is it's uh you know putting a representation of another person's face onto a body onto a video just search deepfake you'll see it and uh every year it gets a little better before you know it it's you never be able to tell the difference which is a technique that will surely revolutionize the scam market going on it states the market is rapidly growing its impact on people's lives becoming more substantial should victims have known better yeah sure but scams the first introduction to blockchain for money and this is where the community fails the most local regulation enforcement will do little to stop scammers so the responsibility lies with the community and then last piece it says one thing is very clear whatever's being done is not enough to stop it and the reputation of blockchain might not be able to recover in the long run so here's the thing we're in 2020 this is going to be a big year but i think 2021 is going to be a bigger year so if we have people coming in doesn't matter what age group they are demographic doesn't matter uh they're going to keep getting scammed and then once they get scammed they're like hey this is exactly what i heard it was it is used for uh terrorism the dark net hiring hitman and all the crazy stupid things you've heard too which are just false but they're going to start to believe it because there's nothing but scams and scams and scams out there nothing legitimate has this many scams okay so when you have one person get scammed that person tells 10 10 100 100 and off we go and before you know it it's hard to get your reputation back so let's stop this right now uh before it gets a little bit way out of control and let me say this i did a quick poll and i asked the question who decides which ads our place needs youtube video and out of the 416 votes uh 78 percent said only youtube is responsible for that but what was shocking to me uh was that 20 1 out of 5 essentially uh said yeah i think it's either you or either the channel creator themselves or both youtube and the channel decide which ads are being placed on the video so right now i'm here to tell you with 100 guarantee i have no control over what ads are put on my channel so like crazy for cryptos here love this guy great information you should follow him uh when i clicked on his video this scam came up so it's not like he picks scams because that would make no sense so we have no control over it okay it is youtube and their algorithm and they decide what it is so let me back up and explain to you how to get rid of when this scam comes up uh on your feed when you're trying to watch your favorite youtuber and you don't want to you know report or downvote your favorite youtuber you want to report this specific video so we need to get into this video in some way i'm going to show you right now okay so here we are and i was perusing youtube and i came across uh crazy for cryptos another one of his great videos and uh when i clicked on it i got this scam ad we know it's a scam because it says you know send us one if you give uh ten eighth back no one does that stupid it's ridiculous so we know it's a scam uh so what i'm looking for is and let me be clear i'm on my my uh macbook pro i'm on my laptop i'm not on my phone you cannot do this on mobile devices i've already tried numerous times so i'm looking for here is i'm looking for a way to report this because if i report if i downvote this then i downvote you know create digital dave's video and if i click the three dots and report it i'm actually reporting crazy for cryptos so what i need to do is look for a way to report this scam video first thing i do is i can skip i can press on here and it's going to take me to this uh website and so when you're looking at this you're like what the heck is going on and just this to actually give me a while to figure out because what they're doing is they are putting up this this website so when youtube reviews the video because it always youtube will always have to review uh where the landing page is meaning when you click on the ad where does it send that person so if there's some kind of landing page where it looks nefarious and looks very dangerous or you know has something they don't like they will not approve your ad but see what they did is they did this where you can uh go on this and it looks like it's about coffee you're like oh okay so what's going on the background is that the youtube uh ai is actually doing this and they're searching for what the landing page is and it reads it real quick and goes okay coffee taste awful whole bean coffee okay this is safe no big deal let's approve this ad and what happens is is in a couple of seconds because i actually slowed this down actually stopped this for the first six to ten seconds this is what you see but ever ten seconds you see this and then boom so this little page pops up and this is a great way to get past the youtube learning machines or the ai so the first actually i think it's actually sure that i think it's like three or four seconds is what it shows and then immediately it uh transfers over this so if you're a person who's like oh this looks like a airdrop or this looks like i mean i don't know what this is because i'm new to cryptocurrency i'm not for sure uh when you look at this you're like oh okay so this was just a thing a glitch and now i'm just gonna send over my my tennie so i can get my hundredth back so uh that's what's going on when they click on this and now it makes sense so uh i think to myself well maybe youtube is not so complicit after all but who knows so let's jump back to how we can actually report this okay so we're back at the actual uh scam video and so i'm looking for again is i'm like okay i don't want to uh report digital dave i want to report this scam but i have to figure out you know where this is coming from so just so you know uh every video that advertisers use they have to upload it to the youtube platform it has to be done it can't be external so this video is being hosted somewhere in youtube so what i'm looking for is the actual channel that is hosting this scam video so if i look over here in the top left hand corner see that says foods metallic buterin that's the secret so we're gonna click on that that's gonna take us to the actual scammers youtube channel so i'm looking at some like foods what is this foods 144 000 views what is this is this a video and i click on it and what it is is it is actually the video of the scam itself so that foods that we just saw that was just a thumbnail and it was it was put there to throw us off or the youtube algorithm so let's get rid of this so first thing we're gonna click on the dislike i'm gonna put a thumbs down and we're gonna go with three dots here and then we're gonna report it and we're gonna say this is a scam spammer misleading choose one scams and fraud just like how we've always done all the other ones and then we're gonna click next and we're just gonna say hey this is a scam and then click report and that should do it and just be just to notice that uh here i'm gonna close out it says metallic buterin not crazy for cryptos so we know we got the right channel to report and that's it so that's really all there is to it now look i um i'm trying to be a little more aggressive with these scammers because there's no reason why they should be allowed to run free and do what they do so instead of us you know just learning about it and saying we'll avoid this and avoid that i want us to be a little more proactive so when we see these things i want to take them down as fast as possible because if we just sit idly by and let them keep doing the things they're doing and just have us try to ignore it it's like trying to ignore your your house being on fire at some point you're gonna have to put out that fire or else it's gonna consume your whole place where you live so let's just get together and try to do these things really quickly doesn't take long it takes longer to learn about it than it is to actually shut these scams down all right so that's it i want to say thanks so much for sticking with me um if you've got time there's gonna be a couple more videos gonna come up pop up to your left and right i don't know what they are they're all generated by youtube and uh check those out and that is it so thanks for sticking with me and i'll see you on the next one