Name: Coffeezilla on the Reaction to His Logan Paul Cryptozoo Videos
Uploaded: 2023-03-07T18:14:52.000Z
Description: Watch the stand-up comedy video 'Coffeezilla on the Reaction to His Logan Paul Cryptozoo Videos' from PowerfulJRE on Comedy Buff. Published 2023-03-07. Transcript available.

Watch the stand-up comedy video 'Coffeezilla on the Reaction to His Logan Paul Cryptozoo Videos' from PowerfulJRE on Comedy Buff. Published 2023-03-07. Transcript available.

- The Joe Rogan Experience.
- What has been the reaction?
Like, what has been the most visceral or violent reaction
to what you've done and exposed?
- I think the biggest story we've probably ever broken
was either the FTX stuff that was already kind of going on.
It was probably the Logan Paul story.
The CryptoZoo saga.
That was a case where, you know,
it's just the classic influencer greed story
where this guy launches an NFT project,
does millions upon millions of dollars in sales
and delivers nothing.
He promises the world a fun blockchain game
that earns you money.
And he did nothing.
And the project was left abandoned
and people were like miserable, complaining, complaining.
No one says it, but they don't have a voice.
- I'm not aware of that.
I'm kind of aware that you covered it,
but I don't know the story.
- So let me back up then.
So Logan Paul is a popular influencer.
You know who he is? - Yeah, sure.
- So he, along with a lot of influencers,
got really interested in like the crypto space.
And he had done a coin before that called Dink Doink,
which was abandoned shortly after he promoted it,
people got invested, goes to zero, right?
And he says, well, that's not my project.
That was my buddy's project.
And then like a month later, he's like,
I actually do have a project, excited to announce it.
It's called CryptoZoo.
It's a fun game.
They called it a fun game that earns you money.
Basically, the idea is they're gonna sell you these two things.
Eggs is NFT, and then there's a coin aspect to it called zoo tokens.
Okay, so you can buy these zoo tokens to buy the eggs.
And the idea is the eggs will then hatch into animals that will earn passive
zoo tokens.
So you can buy eggs with zoo tokens, and then the eggs will passively earn you
zoo tokens.
Does that make sense?
No.
Well, don't worry, you're kind of actually caught up.
So these zoo tokens were basically this passive income.
You know, you basically invest up front and then you're sort of getting the
tokens back out,
which you can then sell, I guess.
So that was the idea pitched to people and people immediately buy in.
They $3 million in NFT sales, tens of millions of dollars in the tokens itself,
the zoo tokens.
People are so excited about it because it's Logan Paul, and he says, this is
his project.
He's putting his name behind it, his backing behind it, and he's a great marketer.
I mean, you've got to give the guy credit where credit is due.
He's a tremendous marketer.
So people get all excited.
All of a sudden, the hatch day comes when you're supposed to hatch these eggs,
and half the hatching
doesn't work.
How does the hatching work?
Is it on a computer model?
What is it?
It was on the blockchain, so your NFTs would turn into different NFTs.
They would transform into the animals.
They'd go from an egg to an animal.
How?
It's just blockchain coding.
I mean, it's just--
But how do they-- is it predetermined?
Yeah.
How does your egg become an ostrich?
It's just random.
It's supposed to be randomly generated animals.
And so you might get a rhino, you might get a chicken.
Exactly.
And then you could crossbreed your rhino with a chicken, and get a ricken or
something, and
get even more tokens.
But--
Is this it?
Yeah, there it is.
Bear shark.
Bear shark.
Bear shark.
Bear shark.
Whale panda.
Bear gorilla.
Is it still around?
So they say they're going to go back and fix it now.
So Logan, after being not involved for like a year, as soon as my video comes
out, he goes,
"Damn, what a coincidence.
Like, I've been working on this.
Like, I was going to, you know, make it-- like, launch it."
In reality, he hadn't touched it for a very long period of time.
But-- so sorry to back up.
Okay.
The-- half the token-- half the eggs don't work, and they're not actually
earning anything.
The whole time they said they're going to earn you these tokens, right?
They're not earning anything.
So the promises haven't been fulfilled.
There's just sort of all this stuff going on.
And behind the scenes, Logan's quiet.
Come to find out, he had hired basically criminals who were selling on the back
end, like some
of the tokens.
And he was sort of like-- I don't know what his thing was.
I think he realized like, "Ah, it's not going to be that successful.
Let me move on."
I think his mentality was, "Let me just move on," right?
The problem though is you have millions of dollars of investment in a thing
that you promoted.
You told everyone it was going to make them money, and then you never delivered
anything.
So my story was basically showing that, showing the victims of the scheme, and
then response,
he's like, "Well, I'm going to sue you for that."
He said he's going to sue you.
Yeah, he said, "I'll see you in court."
And then the backlash against him was so severe that he releases a video saying,
"Thank you,
Coffezilla, for showing the world what happened.
I appreciate it, I responded out of anger, but I'm going to make things right.
I'm going to fix the game to what it was supposed to be.
And I'm going to pay back $1.7 million.
I'm committing $1.7 million to anyone who bought an NFT can get a refund."
Now, there's a bit of an issue with that.
So that's nice.
I actually think it's great that that happened.
But there's two issues with it.
Number one, which is that the NFTs were only half a small part of the sale.
They actually weren't even half.
Because people bought these tokens.
So the people who bought tokens get nothing.
He's offering this refund on the NFTs.
The other problem is he hasn't refunded the NFTs.
I've actually reached out to him twice.
It's been over a month since he's done this.
So he said he's going to do it.
And then the Discord, like he's posting in this little chat room with the
investors.
After he said he was going to do it, he's posted nothing.
There's no way to get a refund right now.
So I keep asking him, like, "Hey, you promised $1.7 million to these investors.
They're all waiting."
It's been over, I think it's almost been two months now, and there's nothing.
So it's like, you know, he says that he's refunding people, which sounds great
for PR.
And then it's just like radio silence.
So what I'm ultimately looking for is some accountability from these guys.
They're happy to make money from the endeavors.
They're happy to potentially make millions of dollars from these different
projects they're
spinning up.
But the second accountability is asked for, you can't reach them.
So is it – well, I would assume Logan's a very busy guy.
Sure.
I would assume that he probably didn't come up with this on his own.
I would assume that someone probably came to him with this project.
This is just total assumption, guesswork, guessing on my part.
So we have text messages for behind the scenes.
A lot of people – the people who were responsible for it say, "Logan kind of
spearheaded the idea."
And he says he spearheaded the idea.
So it was his idea.
Yeah.
And so he's working with someone, right, that probably assured him that this
would work?
Yeah.
Yeah.
I mean he had a – he had this team of a few guys who they didn't do much vetting
into.
And some of them turned out to be criminals.
But my feeling is ultimately no matter what happens, like when you take people's
money – that's what I'm trying to like – on my show, I'm trying to tell
these influencers.
Like when you take people's money, it's different when you tell them you're
going to make them money and you get into the financial investment game, your
responsibility is different.
You can't just always pass the buck to like, "Oh, it was like a guy that's not
that trustworthy."
It's like, "All right.
That might be true.
Then go fix it.
Go hire some more guys that are trustworthy and fix the thing."
And I think my experience – because I've talked to Logan and that's why I
know he didn't respond to me because I texted him and said, "Hey, where's this
money?"
He left me on red.
But I've talked to him and when I talk to him, you know, there's just sort of
this feeling of – he's like, "I just don't want to think about this."
He's like, "I don't want to be – you know, he wants to focus on Prime, which
is successful.
He doesn't want to be bothered with the victims of the scheme that he
ultimately thought of in the first place."
So it's still – is it possible that he's just gathering the money or working
out a way to do it legally where it makes sense?
It's very frustrating because, you know, at every turn it's just sort of like
– you know, it is – I want to say it's possible.
We just don't know and it's just sort of like when you promise people refunds,
like the longer you wait, you know the less people are actually going to take
that refund.
If Walmart says, "Hey, bring in – bring in this skull.
I'll give you a refund."
And you're like, "All right, when can I bring it in?"
And they don't respond to you for two months.
Yeah.
They know that you're less likely to actually take the refund.
So I don't know if he's doing it because he wants less people to get the refund.
He probably is busy.
But my thought is a transgression of this magnitude where you're playing with
people's money and livelihoods, you cannot take it lightly.
And that's one of the things is these influencers got into this crypto space.
I don't think they fully appreciated they're now dealing with financial
investments.
And it's not a joke.
It's not like a brand deal where, you know, if NordVPN isn't as great as they
said it was, you know, it's all cool.
Right.
It's now – it's your company and you promise people you're going to make the
money and now you haven't said anything for over a year.
Then you say you're going to refund them and you don't say anything for two
months.
That's an issue.
Right.