Post
Topic
Board Announcements (Altcoins)
Re: [ANN][KARM] Karmacoin - New Initiatives - Helping People Do Good
by
Karmagood
on 22/04/2014, 17:39:00 UTC
Kosmost each of the people you have convinced to buy into your LLC, assuming they are actually real owners of the LLC, will also be liable for damages for stealing the Karmacoin name, trademark and concept.  In layman's terms, anyone who invests in your LLC will eventually need to pay dollars or forfeit their shares in a lawsuit.

If you try to argue that your investors are not liable for damages, then they are not real owners.  In that case they have no way to stop you from taking all the profits as a bonus, then telling them there was nothing left for their quarterly payout.  In other words, as the controlling CEO of your LLC you don't have to pay out a dime.

We tried to stop this quietly over the past few weeks, and now the world needs to know what you are actually doing.  As the actual dev of the coin we want to make sure the world knows we have nothing to do with you and do not condone your actions.

You cannot take copyrights or trademarks and treat them like your own.  You are not just taking 'Karma', you have taken 'Karmacoin' and use it throughout your literature.