Were the legal imitations of Facebooks plan to use the name libra discussed?

jackg

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https://bit.ly/387FXHi lightning theory

Quote from: Darker45 on July 07, 2020, 10:42:48 PM

If Libra is the Latin equivalent word to the English Pound, then I guess it won't fall under the royal copyright on Pound. I believe copyrights or more accurately trademarks do not cover translations in different languages.

No, I'm saying the Pound originally was called Libra (or livra) English is only the langue we use now because some royal forced everyone to learn it... Before then we had Latin, pictish, cumbric, ancient Welsh...

Although on the same context the idea wasn't original to start with since I assume libra was the unit of weight (equivelant to the pound - lb).

Harlot

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Quote from: Darker45 on July 07, 2020, 10:42:48 PM

If Libra is the Latin equivalent word to the English Pound, then I guess it won't fall under the royal copyright on Pound. I believe copyrights or more accurately trademarks do not cover translations in different languages.

Well, if Facebook is taken to court over the word then, as hinted by figmentofmyass, it is going to be one of their smallest legal battles.

As to the word Libra being used by scams, it has already happened a long time ago, way back when the project was still in its earliest stages.

Translations or not Libra being a brand name or a cryptocurrency is not covered by trademarked law even if it is copyrighted (refer to my post above). But if in this case the UK government will come after the "Libra" name I believe translations are not covered by it simply because the name "Libra" is the origin of Pound not the other way around they can say everything they want but translations aren't covered by copyright in terms of its origin.

jseverson

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Quote from: figmentofmyass on July 06, 2020, 03:04:41 PM

i don't see existing intellectual property as a big concern for libra. they've got much bigger problems.

Well, this did happen, but I'm not sure what happened with it:

Quote from: https://cryptopotato.com/facebook-in-trouble-libra-an-insurance-firm-claims-ownership-over-the-libra-trademark/

According to a local media report, Libra is a digital insurance company which entered the market more than a year ago and was founded by Eti Eliashkov. Commenting on the matter, the firm said in a statement:

One of the innovations that Libra brought was the creation of a digital currency, Libra, which was accumulated in a digital wallet that the company creates for its policyholders. […] Libra owns all the rights over the trademark “Libra”. The trademark is the insurance company’s brand identity card.

I do agree it's the least of their problems though, if it's a problem at all lol.

As for the topic itself, this (from the same article) may be relevant:

Quote from: https://cryptopotato.com/facebook-in-trouble-libra-an-insurance-firm-claims-ownership-over-the-libra-trademark/

In response, Yoav Oestreicher, a legal representative of Facebook in Israel, said that the Libra trademark is owned by and refers to the Libra Association, a Facebook-controlled and non-profit organization in Switzerland.

Lorence.xD

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Quote from: Darker45 on July 07, 2020, 10:42:48 PM

If Libra is the Latin equivalent word to the English Pound, then I guess it won't fall under the royal copyright on Pound. I believe copyrights or more accurately trademarks do not cover translations in different languages.

Well, if Facebook is taken to court over the word then, as hinted by figmentofmyass, it is going to be one of their smallest legal battles.

As to the word Libra being used by scams, it has already happened a long time ago, way back when the project was still in its earliest stages.

This is nothing but a stunt for them to ride on, imagine Philippine Peso has the same name as Mexican Peso, it has the same currency but were there any copyright that have been sanctioned by both parties? This legal proceeding regarding copyright is just a farce in my honest opinion.

Darker45

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If Libra is the Latin equivalent word to the English Pound, then I guess it won't fall under the royal copyright on Pound. I believe copyrights or more accurately trademarks do not cover translations in different languages.

Well, if Facebook is taken to court over the word then, as hinted by figmentofmyass, it is going to be one of their smallest legal battles.

As to the word Libra being used by scams, it has already happened a long time ago, way back when the project was still in its earliest stages.

Harlot

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You might be mixing copyright laws with trademark laws in this situation. Copyright is mostly about artistic work protection while trademark laws is about protection of a company's brand or business. If the term "Libra" is copyrighted it doesn't mean that they are also protected by trademark laws since they aren't related to even the same industry or have the same coverage. Basically if they want to use any word there to be their upcoming brand or product they can used it as long as it is not used by any other company or protected by copyright.

Best Example I can give you how trademark law works is the Italian Company named "Steve Jobs" where even Apple didn't win in case.

Quote

'Steve Jobs' is an Italian company — and Apple can't do anything about it

After years of legal battles, a pair of brothers — Vincenzo and Giacomo Barbato — have successfully managed to win a legal battle against Apple, earning the right to call their company “Steve Jobs,” after Apple’s iconic founder, according to la Repubblica Napoli.

The fight began back in 2012, when the two brothers noticed that Apple had never trademarked Jobs’ name. The pair were already in the process of starting their own clothing and accessory company after spending years creating products for other brands, and decided that “Steve Jobs” would be the perfect name for their new brand.

figmentofmyass

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Quote from: jackg on July 05, 2020, 09:59:06 PM

I noticed jet cash mentioned copyright infringement a while ago and I didn't pay any notice to it but the name itself comes from the Latin for the pound^ref probably protected by royal copyright which means either (1) Facebook gets taken to court by the UK for using the term or (2 a lot more likely) a bunch of scams start to appear using the libra name or an attack of some sort on it's name in wider Europe...

i don't think copyrights apply to such terms. if they do, the term entered the public domain a very long time ago. https://www.gov.uk/copyright/how-long-copyright-lasts

a trademark wouldn't really apply either since the pound sterling is not a product or service. not to mention, the UK government doesn't even use the term.

i don't see existing intellectual property as a big concern for libra. they've got much bigger problems.

jackg

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https://bit.ly/387FXHi lightning theory

I noticed jet cash mentioned copyright infringement a while ago and I didn't pay any notice to it but the name itself comes from the Latin for the pound^ref probably protected by royal copyright which means either (1) Facebook gets taken to court by the UK for using the term or (2 a lot more likely) a bunch of scams start to appear using the libra name or an attack of some sort on it's name in wider Europe...

(I was trying to skim through patents and couldn't find anything related to financial instruments but I don't think there's even a category for them)...

If this has already been mentioned, please link me and I'll lock this.

Topic: Were the legal imitations of Facebooks plan to use the name libra discussed? (Read 102 times)