Quote from: Bountyhunter on March 02, 2014, 12:33:33 AM

Quote from: Balling on March 02, 2014, 12:05:46 AM

Quote from: coinyewest on March 01, 2014, 09:20:00 PM

BREAKING
March 1: Kanye West sues Dutch student to 'Coinye' currency http://tweakers.net/nieuws/94615/kanye-west-klaagt-nederlandse-student-aan-om-coinye-munt.html

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Governments cannot stop cryptocurrencies. Neither can lawyers. Kanye just doesn't get it. He's a gay fish.

translated (sort of)

Kanye West sues Dutch student to ' Coinye' currency

By Joost Schellevis , Saturday, March 1, 2014 19:05 , comments : 106 views : 31,617 Feedback

Musician Kanye West has sued include a 24 -year-old Dutch student because he is involved in the crypto currency Coinye . West is claiming damages and wants to use the pun is prohibited .

Coinye Coinye Coinye Coinye Coinye Coinye Coinye Coinye Coinye Coinye Coinye Coinye Coinye Coinye Coinye Coinye Coinye Coinye Coinye Coinye Coinye Coinye Coinye CoinyeEen number of people involved in the crypto -currency has already been sued by West , but student Robbie Hontelé received Friday an email that West him too challenged in court . "Initially not mention my name, but the indictment Friday I received mail with a lawsuit with my name in there ," said Hontelé .

The indictment shows that include West wants Hontelé and some others stop using the name Coinye for virtual currency . " There are also mainly developers exchanges Coinye - touted " says Hontelé . Through these exchanges Coinye can be exchanged. The Dutchman is itself part of the development of Coinye , where he is the unofficial spokesperson .

The artist also requires that all domain names with the word ' coinye ' are transferred and he wants compensation for the alleged damage he has suffered . The existence of crypto currency The amount of damages to be determined . In court Moreover, West asks for punitive damages , which are damages that are not only meant to compensate the actual damage but also to scare people . Netherlands has no such compensation as they may be very high .

West calls the cryptocoin in the indictment include a deliberate infringement of trademark and unfair competition ' . The defendants were themselves the name and likeness of the West have ' appropriated ' with the sole purpose to increase the value. Coinye of - currency "With each passing day stroking the reputation of West irreparably harmed by the use of Coinye " reads the indictment .

The Coinye is based on the Coinye West crypto currency . After Kanye West a cease and desist letter sent to the developers of those cryptocoin , developed a new currency that the West was not wearing surname . That way infringement should be avoided . The name of Kanye West In addition, the logo of the coin showed no normal picture of West , but a reference to a South Park episode where West occurred . " We have everything from the coin removed what was infringing , and we still have this nagging " says Hontelé , who was not involved in the original currency .

Technically, the Coinye a Litecoin variant . " I joined the project because I do not want someone with a strong purse can pick up a cryptocoin from the air ," said Hontelé , which he refers to the artist .

it's just crazy. i wonder how it will affect coinye

Media attention = POSITIVE for any coin.

Just wait until the big news media outlets report this on Monday, that Kanye finally has a "name" to go after for Coinye now. He won't win though.

Go through your mind and do a thought experiment of how Kanye can "kill" this coin.

He can't sue people overseas.

He can't sue a parody.

He can't keep exchanges from popping up. (SEE: War on drugs)

He can't keep people from using it and wanting it.

It's a cryptocurrency. If governments can't stop bitcoin then a rich celebrity can't stop one either.