I have already explained how buying assets from a person that can be challenged in court is problematic. especially when there is so much documentation and so many witnesses which can testify contrary to his claims. It is of course your choice if you want to take the risk both financially and to your reputation of going down that path.
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The problem with the above that it presupposes you could get enough people to mount a challenge in court worth fighting over.
I'm gonna guess that when push comes to shove your little community couldn't scrape enough funds together to engage and retain an attorney. Because in the end whoever buys it out could just roll over and relinquish it sticking you all with the legal bill
In fact that's pretty obvious considering that NO ONE bothered to get a legal opinion on whether the whole Karmashares, llc thing was legally offering its security (it wasn't and that's NOT due to a change in the IRS treatment of Cryptocurrencies as Kosmost would want you to believe -- it has everything to do with SEC rules around the solicitation of unregistered securities to an unsophisticated investor -- that's what MY attorney told me when I ask him to look into the claims)
Prior Art for the most part applies to Patent Law -- Trademark's are different animals -- at least Kosmost understood that part of it -- it's why we have things like Dove soap and Dove chocolate bars.
Doesn't matter to me any way -- all I said was it was the only thing that had the MOST value -- I can probably go out tomorrow and Trademark "KarmaPoints" if I wanted to.
I have no delusions of grandeur -- it's why I build communities and hire people smarter than me.
You all have a ton of baggage and my guess is that you're going to continue to experience attrition in your fanbase as your miners flee to more profitable coinbases -- because that's what smart money does all over the world in all kinds of assets.
Fundamentally unless you start treating this more like a business and less like a hobby that's all it will ever be is a hobby...IMHO...
-dvd
PS: And leave the personal attacks at the door -- I have a minor philosophy from a Catholic college so I'm pretty sure I understand the sentiment you were implying originally...
I think you are a little confused.
firstly there were no personal attacks against you.. I only spoke about karmashares.. and was warning you not to purchase assets which were legally contestable to save you problems in the future.. people may not be suing now but if anyone makes 100 million dollars from one of those assets. just watch and see how many people come out of the woodwork with legal action.
if you want to get involved in a legal quagmire and have your reputation tainted by someone who did make
written commitments to a community and then attempted to sell assets owned by members of the community (ie Karmashares members) then that is your prerogative.
you said yourself that you are not even part of the karmashares so why would you take that as a personal attack?
secondly.. you said yourself that you are not financially or emotionally invested in this coin. this should be reason enough for anyone who is personally invested in the coin to question your motives and do due diligence before handing you the keys to anything.
thirdly.. what makes you so sure that you are the only person who can build a strong development team? all that you have said so far would indicate that you are simply looking to profit from a bad situation.. I do not begrudge you for this.. most people are doing the same thing.. but lets not pretend this is out of altruism when clearly you have no stake in the community or economy.
fourthly.. why are you telling me how legally questionable Karmashares is? I have been skeptical of Karmashares since day one.. hence why I do not own and never did own any Karmashares nor was I ever a part of Karmashares... you are the one attempting to buy its assets? so you are the one who should exercise caution for your own legal protection. I do not know how many times I have to say this.. but I will try again..
Karmashares and Karma are not the same thing. just because Kosmost was project lead for the development work on the client and CEO of Karmashares LLC does not make him sole owner with exclusive rights to the IP of both entities.I agree, the way Karmashares was operated was questionable, the way it was shut down was even more questionable.. this makes the sale and purchase of those assets yet even more questionable... so why get defensive when questions are being asked?
fifthly.. what point is there to trying to take control of the Karma trademarks? they were open sourced so anyone can use them legally without fear of prosecution.. its exactly the same as the bitcoin logo is protected by the MIT license along with everything else that is incorporated into the karma client... why would anyone want to trademark that when its not enforceable due to prior art and documented proof that it was produced for and by an open source project..
maybe you should seek more legal advice before continuing risk your reputation and money purchasing assets where the ownership is very clearly in contested.
if you went to buy a used car would you simply hand money over to the guy driving it? or would you check who actually owned it first? are you going to just look at some registration papers OR actually check that there are no outstanding debts and disputers relating to the car?
