US lawyers float Facebook Credits antitrust suit

yesbtc

jr. member

Activity: 60

Merit: 2

Quote from: Gareth Nelson on June 22, 2012, 10:04:24 PM

Quote from: hazek on June 22, 2012, 07:51:38 PM

Quote from: beckspace on June 20, 2012, 07:38:02 PM

Quote from: Big Time Coin on April 11, 2012, 10:39:08 AM

Even very hardcore libertarians will admit the need to break up monopolies.

Not me. Freedom > Justice.

+1

I'm as hardcore an-cap subscriber as you can get and I'm perfectly fine with monopolies that are established by providing a voluntary service or goods.

The issue comes when the monopolies arise due to market distortions from government-granted privileges.

Food for thought - where would microsoft be without patent and copyright law? And is it truly voluntary when they pull tricks such as telling hardware vendors that customers buying "naked" computers (those without an OS) are criminals?

As for facebook though, in no way is it a monopoly or a threat to anyone's privacy - if you don't want your personal info there then don't provide it, this seems so simple it's stupid.

That.

Cases like the browser lawsuits against MS made me want to puke - even though I wasn't a MS fanboy.
I'm not a big fan of Facebook either (though I'm a user) but seriously: If you don't like the way they play NOONE is forcing you to play with them. Anyone wanting to force FB to do business with developers who don't want to use FB credits is a looter in my book.

pekv2

hero member

Activity: 770

Merit: 502

Quote from: tatsuchan on July 10, 2012, 06:43:36 AM

Godbless America and all it's glorious lawsuits and frivolous bullshit.

Don't forget patent lawsuits that are sky high that company's are pulling against other company's. apple, ms, samsung etc.

tatsuchan

full member

Activity: 182

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Godbless America and all it's glorious lawsuits and frivolous bullshit.

pekv2

hero member

Activity: 770

Merit: 502

Quote from: Baltar on February 27, 2012, 05:36:35 PM

US attorneys are trying to drum up interest in a potential case against Facebook, claiming its Credits virtual currency is breaking US antitrust law.

Oh, someone is scared and crapping their pants. Hmm, keep running your government like so, just keep doing it.

Bitcoin Oz

hero member

Activity: 686

Merit: 500

Wat

Quote from: hazek on June 22, 2012, 07:51:38 PM

Quote from: beckspace on June 20, 2012, 07:38:02 PM

Quote from: Big Time Coin on April 11, 2012, 10:39:08 AM

Even very hardcore libertarians will admit the need to break up monopolies.

Not me. Freedom > Justice.

+1

I'm as hardcore an-cap subscriber as you can get and I'm perfectly fine with monopolies that are established by providing a voluntary service or goods.

You can never serve your customers TOO WELL!

niko

hero member

Activity: 756

Merit: 501

There is more to Bitcoin than bitcoins.

Quote from: HostFat on June 20, 2012, 04:41:14 AM

http://finextra.com/News/Fullstory.aspx?newsitemid=23823

"Facebook is to abandon its Credits virtual currency platform in favour of a system which allows developers to be paid in a local currency of their choosing."

Has anyone chosen btc as a "local currency of their choosing" yet?

hazek

legendary

Activity: 1078

Merit: 1003

You don't need to tell me that, I already knew it and I completely agree with you. I thought my post would have reflected that Tongue

Gareth Nelson

hero member

Activity: 721

Merit: 503

Quote from: hazek on June 22, 2012, 07:51:38 PM

Quote from: beckspace on June 20, 2012, 07:38:02 PM

Quote from: Big Time Coin on April 11, 2012, 10:39:08 AM

Even very hardcore libertarians will admit the need to break up monopolies.

Not me. Freedom > Justice.

+1

I'm as hardcore an-cap subscriber as you can get and I'm perfectly fine with monopolies that are established by providing a voluntary service or goods.

The issue comes when the monopolies arise due to market distortions from government-granted privileges.

Food for thought - where would microsoft be without patent and copyright law? And is it truly voluntary when they pull tricks such as telling hardware vendors that customers buying "naked" computers (those without an OS) are criminals?

As for facebook though, in no way is it a monopoly or a threat to anyone's privacy - if you don't want your personal info there then don't provide it, this seems so simple it's stupid.

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Quote from: beckspace on June 20, 2012, 07:38:02 PM

Quote from: Big Time Coin on April 11, 2012, 10:39:08 AM

Even very hardcore libertarians will admit the need to break up monopolies.

Not me. Freedom > Justice.

Monopolies give us the best Justice money can buy.

hazek

legendary

Activity: 1078

Merit: 1003

Quote from: beckspace on June 20, 2012, 07:38:02 PM

Quote from: Big Time Coin on April 11, 2012, 10:39:08 AM

Even very hardcore libertarians will admit the need to break up monopolies.

Not me. Freedom > Justice.

+1

I'm as hardcore an-cap subscriber as you can get and I'm perfectly fine with monopolies that are established by providing a voluntary service or goods.

beckspace

hero member

Activity: 931

Merit: 500

Quote from: Big Time Coin on April 11, 2012, 10:39:08 AM

Even very hardcore libertarians will admit the need to break up monopolies.

Not me. Freedom > Justice.

HostFat

staff

Activity: 4270

Merit: 1209

I support freedom of choice

http://finextra.com/News/Fullstory.aspx?newsitemid=23823

"Facebook is to abandon its Credits virtual currency platform in favour of a system which allows developers to be paid in a local currency of their choosing."

Big Time Coin

sr. member

Activity: 332

Merit: 250

Quote from: Kluge on March 14, 2012, 01:46:51 PM

Quote from: grue on March 14, 2012, 01:39:10 PM

Quote from: evoorhees on March 14, 2012, 01:23:27 PM

Antitrust law is so absurd. Nobody is forced to use Windows, not the users nor the developers. Anyone who complains about Windows on the basis of "monopoly" is a sniveling whiny bitch imo

Microsoft should do whatever the heck they want with their own software. And the same freedom that protects their right to do so is the same freedom which protects our right to do whatever we want with Bitcoin.

+1. Those suits against MS were utterly retarded. If I want to install Chrome, FF, Safari, or whatever else, I'm quite capable of doing so.

(... Tongue

)

Anyhoo, good luck Facebook. (rather, I hope they win in court... not fond of Facebook.)

Because part of the settlement against Microsoft is that they allow other browsers to be compatible with Windows.

And antitrust is one of the very few things people actually need government for, to maintain a free market. Even very hardcore libertarians will admit the need to break up monopolies. I'm a bit surprised that you seem unaware of this, ev.

Dutch Merganser

member

Activity: 84

Merit: 10

Facebook must die, it is one of the greatest threats to personal privacy and freedom worldwide today.

Warriors against Facebook, know that this is jihad, take no prisoners. Destroying the enemy is an act of mercy, so be merciful.

PawShaker

full member

Activity: 140

Merit: 100

Quote from: evoorhees on March 14, 2012, 01:23:27 PM

Antitrust law is so absurd. Nobody is forced to use Facebook, not the users nor the developers. Anyone who complains about Facebook Credits on the basis of "monopoly" is a sniveling whiny bitch imo

Facebook should do whatever the heck they want with their own money. And the same freedom that protects their right to do so is the same freedom which protects our right to do whatever we want with Bitcoin.

I cannot agree that antitrust laws are absurd. The problem with FB "monopoly" is that they force people, who use one service, to use partcular brand of another service. If you have large market share in on service, you use it to lock your users to your brand in another service. Well competition goes out thrugh the window.

Who has more rights to do with their money as they please: FB or FB users?

Serenata

sr. member

Activity: 250

Merit: 250

Quote from: kjlimo on April 07, 2012, 06:40:47 AM

Quote from: Serenata on April 07, 2012, 04:11:22 AM

Quote from: kjlimo on April 05, 2012, 09:19:24 AM

Facebook has obtained MSB licenses or something like that in several states. So I think your conclusion is not based on correct facts / observations and or may be incorrect.
Please do some more research before making such conclusions.

That's what the forum is all about. Discussing, exchanging opinions and correcting each other. If we were able to check all possible implications of our thoughts, then we would not need to discuss anything. Please note that I don't live in the States or anywhere near...

Sorry, my response was not very nice. Please see here for a discussion on the licenses Facebook has been gobbling up in the States.

https://bitcointalksearch.org/topic/facebook-has-msb-license-in-at-least-15-states-google-also-64326

You'll want to be clear which country you're talking about when discussing legality. I guess I assumed this was in regards to the US because it was in a topic labelled "US lawyers..."

I'm not lawyer, but I'm trying to reach out to a recently barred old college buddy to see if he's interested in helping me research bitcoin legal issues.

ciao

Thank you for the link! You were right though, there were things that I wasn't aware of (like the need for this MSB license), thus I made wrong assumptions Sad

Btw, I live in Greece, and I'm curious to find out if such a license is needed in my country as well....

kjlimo

legendary

Activity: 2114

Merit: 1031

Quote from: Serenata on April 07, 2012, 04:11:22 AM

Quote from: kjlimo on April 05, 2012, 09:19:24 AM

Facebook has obtained MSB licenses or something like that in several states. So I think your conclusion is not based on correct facts / observations and or may be incorrect.
Please do some more research before making such conclusions.

That's what the forum is all about. Discussing, exchanging opinions and correcting each other. If we were able to check all possible implications of our thoughts, then we would not need to discuss anything. Please note that I don't live in the States or anywhere near...

Sorry, my response was not very nice. Please see here for a discussion on the licenses Facebook has been gobbling up in the States.

https://bitcointalksearch.org/topic/facebook-has-msb-license-in-at-least-15-states-google-also-64326

You'll want to be clear which country you're talking about when discussing legality. I guess I assumed this was in regards to the US because it was in a topic labelled "US lawyers..."

I'm not lawyer, but I'm trying to reach out to a recently barred old college buddy to see if he's interested in helping me research bitcoin legal issues.

ciao

Xenland

legendary

Activity: 980

Merit: 1003

I'm not just any shaman, I'm a Sha256man

I was developing a 2d shooter mmo game for facebook that would use bitcoin but I stopped developing it due to the fact that "facebook credits only" policy was announced..

Serenata

sr. member

Activity: 250

Merit: 250

Quote from: kjlimo on April 05, 2012, 09:19:24 AM

Facebook has obtained MSB licenses or something like that in several states. So I think your conclusion is not based on correct facts / observations and or may be incorrect.
Please do some more research before making such conclusions.

That's what the forum is all about. Discussing, exchanging opinions and correcting each other. If we were able to check all possible implications of our thoughts, then we would not need to discuss anything. Please note that I don't live in the States or anywhere near...

kjlimo

legendary

Activity: 2114

Merit: 1031

Quote from: Serenata on April 05, 2012, 07:03:49 AM

What I see positive about this, is that since FB has its own "currency" and the State(s) don't have any issues with that, then it would be tough to "forbid" the use of Bitcoin in the future. Or at least without doing the same to other virtual currencies....

Facebook has obtained MSB licenses or something like that in several states. So I think your conclusion is not based on correct facts / observations and or may be incorrect.

Please do some more research before making such conclusions.

Topic: US lawyers float Facebook Credits antitrust suit (Read 3815 times)