Yeah, and how is that lawsuit thing going, did they ever find those devs that were you know, out of US jurisdiction and stuff? And apparently none of you know what bullet-proof hosting is...
And you don't reckon that Kanye's image rights are protected in countries other than the US?
Bullet-proof hosting is irrelevant. Regardless of whether Kanye can actually shut the exchanges down, it's obvious that the coin can never gain any legitimacy if you're breaking the law by using it. I'm talking about using it to actually buy things, not trading it on some two-bit exchange hosted in the middle of nowhere. People seem to forget that buying stuff is what currency is for...
Exactly. Without proper compliance and legit exchanges involved, there can be no widespread acceptance of such a coin.
The devs could have made this work with a formal announcement of something like Koi coin (with the samuari fish logo) early oh when the C&D was sent to them......if they had complied, the media would still have reported on the new legit name and logo but it seems the devs only ever wanted a quick buck on this one. Then you have the pop-up mining pools, pop-up exchange, multiple names and logos just before launch to obfuscate everything........there was at least 4 different names and 4 different logos going around the sites prior to launch.
This looks like a classic pump and dump. Arrange interviews with the media and create fake hype. Keep changing names/logos to divert intentions and draw in new marks. Entice miners with all kinds of BS offers. Double coin output and do a huge premine at the last minute. Hopefully you've drawn in enough marks to meet the petition criteria to get it on cryptsy now. Dump the premine the second it gets on cryptsy.
Seems like this was the plan with Coinye.