they could be exchanged for goods and services, just not converted into fiat. the two parties would have to decide what they're worth at the time of the transaction.
Please see what I asked above.
Topic: Coinye: why are people mining with impending cease & desist lawsuit? - page 2. (Read 3466 times)
January 07, 2014, 10:51:19 PM
Please see what I asked above.
January 07, 2014, 10:51:09 PM
they could be exchanged for goods and services, just not converted into fiat. the two parties would have to decide what they're worth at the time of the transaction.
Didn't you read the article?
Kanye is moving to go after all companies that also offer acceptance/services using the coin. What business in their right mind would offer goods and services for a known blacklisted/illegal alt currency? That means they'd just be giving away goods for free in exchange for worthless bits of data.
January 07, 2014, 10:49:55 PM
where to get wallet?
January 07, 2014, 10:43:03 PM
they could be exchanged for goods and services, just not converted into fiat. the two parties would have to decide what they're worth at the time of the transaction.
January 07, 2014, 10:39:58 PM
http://online.wsj.com/public/resources/documents/20140107-WSJ-coinye.pdf
Indeed this is a test for crypto.
Here's something interesting from the Cease & Desist letter:
page 2.
1. cease and desist from any and all use of the mark COINYE WEST and any versions of that mark including COINYE;
And then there's this part.
page 3.
If you fail to comply with these demands, we will notify the cryptocurrency community at large of your infringing actions and pursue all legal remedies against any business that accepts the purported COINYE WEST currency. Specifically, Mr. West will pursue claims of contributory trademark infringement and contributory unfair competition, among others, against any entity that accepts or exchanges the COINYE WEST currency.
My question now is this: are mining pools "exchanging" the coins when they transfer them to a miners wallet?
I wish COINYE Devs the best of luck. As was stated by Mark, this is a test of crypto.
Indeed this is a test for crypto.
Here's something interesting from the Cease & Desist letter:
page 2.
1. cease and desist from any and all use of the mark COINYE WEST and any versions of that mark including COINYE;
And then there's this part.
page 3.
If you fail to comply with these demands, we will notify the cryptocurrency community at large of your infringing actions and pursue all legal remedies against any business that accepts the purported COINYE WEST currency. Specifically, Mr. West will pursue claims of contributory trademark infringement and contributory unfair competition, among others, against any entity that accepts or exchanges the COINYE WEST currency.
My question now is this: are mining pools "exchanging" the coins when they transfer them to a miners wallet?
I wish COINYE Devs the best of luck. As was stated by Mark, this is a test of crypto.
This is exactly what I was trying to get at.
I think some people may have thought this was a frivelous ploy against the coin, but it is obvious Kanye appears to be taking this very seriously. And if anyone is bat-shit crazy and egomaniac enough to pull it off, it would be Kanye. Plus he's not exactly the poorest man in the world.
The coins would be virtually worthless except for a 'keepsake' momento, relic, or collectors item. If you cannot exchange them for goods or services, then it really is no longer a currency because it has no use.
And I'm not too entirely sure how much people would be interested in the coin if they had to completely change the name and logo. After all, the entire draw and allure of the coin is simply based off Kanye's name/likeness.
January 07, 2014, 10:35:27 PM
http://online.wsj.com/public/resources/documents/20140107-WSJ-coinye.pdf
Indeed this is a test for crypto.
Here's something interesting from the Cease & Desist letter:
page 2.
1. cease and desist from any and all use of the mark COINYE WEST and any versions of that mark including COINYE;
And then there's this part.
page 3.
If you fail to comply with these demands, we will notify the cryptocurrency community at large of your infringing actions and pursue all legal remedies against any business that accepts the purported COINYE WEST currency. Specifically, Mr. West will pursue claims of contributory trademark infringement and contributory unfair competition, among others, against any entity that accepts or exchanges the COINYE WEST currency.
My question now is this: are mining pools "exchanging" the coins when they transfer them to a miners wallet?
An opinion from someone familiar with laws governing these types of issues would be great because the term "exchange" may not carry the same meaning in Trademark infringement suits that the average person might think that it means.
A quick example is New York States Criminal Sale of a Controlled Substance 5th Degree a Felony (NYS P.L. 220.31)
S 220.31 Criminal sale of a controlled substance in the fifth degree.
A person is guilty of criminal sale of a controlled substance in the
fifth degree when he knowingly and unlawfully sells a controlled
So if Bob hands his friend Joe a dime bag of coke and didn't accept any money or any thing else at all, did Bob "SELL" Joe cocaine?
YES!
Because the definition of sell in the New York State Penal Law states this.
substance. 220.00 Controlled substances; definitions.
1. "Sell" means to sell, exchange, give or dispose of to another, or
to offer or agree to do the same.
So this what I mean by "EXCHANGE" -- what's the exact definition of it when it comes to Trademark Infringement?
I wish COINYE Devs the best of luck.
Indeed this is a test for crypto.
Here's something interesting from the Cease & Desist letter:
page 2.
1. cease and desist from any and all use of the mark COINYE WEST and any versions of that mark including COINYE;
And then there's this part.
page 3.
If you fail to comply with these demands, we will notify the cryptocurrency community at large of your infringing actions and pursue all legal remedies against any business that accepts the purported COINYE WEST currency. Specifically, Mr. West will pursue claims of contributory trademark infringement and contributory unfair competition, among others, against any entity that accepts or exchanges the COINYE WEST currency.
My question now is this: are mining pools "exchanging" the coins when they transfer them to a miners wallet?
An opinion from someone familiar with laws governing these types of issues would be great because the term "exchange" may not carry the same meaning in Trademark infringement suits that the average person might think that it means.
A quick example is New York States Criminal Sale of a Controlled Substance 5th Degree a Felony (NYS P.L. 220.31)
S 220.31 Criminal sale of a controlled substance in the fifth degree.
A person is guilty of criminal sale of a controlled substance in the
fifth degree when he knowingly and unlawfully sells a controlled
So if Bob hands his friend Joe a dime bag of coke and didn't accept any money or any thing else at all, did Bob "SELL" Joe cocaine?
YES!
Because the definition of sell in the New York State Penal Law states this.
substance. 220.00 Controlled substances; definitions.
1. "Sell" means to sell, exchange, give or dispose of to another, or
to offer or agree to do the same.
So this what I mean by "EXCHANGE" -- what's the exact definition of it when it comes to Trademark Infringement?
I wish COINYE Devs the best of luck.
January 07, 2014, 10:29:14 PM
Any publicity is good...
January 07, 2014, 10:24:16 PM
Ah, finally, an altcoin with a real and useful purpose: to test whether blockchain based currencies can in practice be shut down effectively by law enforcement / legal means...
Excellent!
-MarkM-
Excellent!
-MarkM-
January 07, 2014, 09:54:47 PM
because we got fucking balls.
January 07, 2014, 09:45:46 PM
Best altcoin advertisement i've ever seen 
January 07, 2014, 09:42:06 PM
But Koindashians are fine? I fucking hate Kanye West... 
January 07, 2014, 09:39:16 PM
Just change the image to Kim K's fat ass.
Oh the coin isn't big enough for that, sorry!
Oh the coin isn't big enough for that, sorry!
January 07, 2014, 09:36:06 PM
1 Judges signature away from a epic DDoS attack from 'Muricaaaaaa
January 07, 2014, 09:33:57 PM
I understand what you guys are saying.
But the whole (supposed) point of alts is to offer alternative means to fiat and money distribution for goods/services.
If (and I do mean if, since it is still hypothetical) Kanye does win a case against coinye developers...then what good would the coin be other than just another novelty? It certainly would not gain adoption from large companies because they would not want to find themselves liable for accepting something that violates law.
Isn't this the whole point? Or am I missing something here? Why else would anyone want to 'invest' in a dead end road other than to pump and dump?
But the whole (supposed) point of alts is to offer alternative means to fiat and money distribution for goods/services.
If (and I do mean if, since it is still hypothetical) Kanye does win a case against coinye developers...then what good would the coin be other than just another novelty? It certainly would not gain adoption from large companies because they would not want to find themselves liable for accepting something that violates law.
Isn't this the whole point? Or am I missing something here? Why else would anyone want to 'invest' in a dead end road other than to pump and dump?
January 07, 2014, 09:29:45 PM
I think it's time to point a couple miners at Coinye. 
January 07, 2014, 09:26:16 PM
If the coin is successful and the only thing stopping it from getting on and exchange is the name. Well then, just change the name. Even slightly so that its not infringement anymore. With the FishKonye image and the Coinye name isn't his anyway. We may already be okay.
January 07, 2014, 09:21:36 PM
I don't understand how you can say that, though.
It still arguably could be taken down due to them using his likeness on the coin. Doesn't matter if it's pre or post release, they could have the developer website taken down and demand for his likeness to be removed from the coin, which would eliminate it's appeal and gimmick.
What you guys are saying makes no sense. It's just like if some developer created an 'ipadd' (with 2 d's) with an altered apple logo on the back. Even if it's already on the market, Apple can still take down all distributors and order all remaining units not already sold destroyed.
I know, it would be easier to 'elude' authorities due to the cyber nature of alt coins, but eventually it would get shut down if the kanye was persistent enough.
Are you guys saying these coins could be worth even more simply as a 'novelty' item if the developers are shut down? Why/how would you even use them then?
It still arguably could be taken down due to them using his likeness on the coin. Doesn't matter if it's pre or post release, they could have the developer website taken down and demand for his likeness to be removed from the coin, which would eliminate it's appeal and gimmick.
What you guys are saying makes no sense. It's just like if some developer created an 'ipadd' (with 2 d's) with an altered apple logo on the back. Even if it's already on the market, Apple can still take down all distributors and order all remaining units not already sold destroyed.
I know, it would be easier to 'elude' authorities due to the cyber nature of alt coins, but eventually it would get shut down if the kanye was persistent enough.
Are you guys saying these coins could be worth even more simply as a 'novelty' item if the developers are shut down? Why/how would you even use them then?
Shutting down a website isn't the same as shutting down the currency. And it isn't easy to shut down a website, especially one hosted in another country. EXample: The Pirate Bay.
January 07, 2014, 09:20:20 PM
trade them on TOR...like to see that bitch-ass gayfish stop that.
January 07, 2014, 09:19:42 PM
They can not stop the coin from being mined and they can not stop transactions, but they can cease and desist any website related to the coin, this included the block explorer of course, so they can make life difficult for the coin, but they can not kill it, in the end the torrent sites are still alive no matter how many cease and desists and how many domain name seizures and how many ISP blockades they are getting, and if all else fails you can always go darkweb
January 07, 2014, 09:16:33 PM
I don't understand how you can say that, though.
It still arguably could be taken down due to them using his likeness on the coin. Doesn't matter if it's pre or post release, they could have the developer website taken down and demand for his likeness to be removed from the coin, which would eliminate it's appeal and gimmick.
What you guys are saying makes no sense. It's just like if some developer created an 'ipadd' (with 2 d's) with an altered apple logo on the back. Even if it's already on the market, Apple can still take down all distributors and order all remaining units not already sold destroyed.
I know, it would be easier to 'elude' authorities due to the cyber nature of alt coins, but eventually it would get shut down if the kanye was persistent enough.
Are you guys saying these coins could be worth even more simply as a 'novelty' item if the developers are shut down? Why/how would you even use them then?
It still arguably could be taken down due to them using his likeness on the coin. Doesn't matter if it's pre or post release, they could have the developer website taken down and demand for his likeness to be removed from the coin, which would eliminate it's appeal and gimmick.
What you guys are saying makes no sense. It's just like if some developer created an 'ipadd' (with 2 d's) with an altered apple logo on the back. Even if it's already on the market, Apple can still take down all distributors and order all remaining units not already sold destroyed.
I know, it would be easier to 'elude' authorities due to the cyber nature of alt coins, but eventually it would get shut down if the kanye was persistent enough.
Are you guys saying these coins could be worth even more simply as a 'novelty' item if the developers are shut down? Why/how would you even use them then?
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