Post
Topic
Board Announcements (Altcoins)
Re: Strength in Numbers Foundation may be interested in acquiring and funding...
by
TheLittleDuke
on 16/09/2014, 23:47:07 UTC
I have already explained how buying assets from a person that can be challenged in court is problematic. especially when there is so much documentation and so many witnesses which can testify contrary to his claims. It is of course your choice if you want to take the risk both financially and to your reputation of going down that path.
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The problem with the above that it presupposes you could get enough people to mount a challenge in court worth fighting over.  

I'm gonna guess that when push comes to shove your little community couldn't scrape enough funds together to engage and retain an attorney.  Because in the end whoever buys it out could just roll over and relinquish it sticking you all with the legal bill Tongue

In fact that's pretty obvious considering that NO ONE bothered to get a legal opinion on whether the whole Karmashares, llc thing was legally offering its security (it wasn't and that's NOT due to a change in the IRS treatment of Cryptocurrencies as Kosmost would want you to believe -- it has everything to do with SEC rules around the solicitation of unregistered securities to an unsophisticated investor -- that's what MY attorney told me when I ask him to look into the claims)

Prior Art for the most part applies to Patent Law -- Trademark's are different animals -- at least Kosmost understood that part of it -- it's why we have things like Dove soap and Dove chocolate bars.

Doesn't matter to me any way -- all I said was it was the only thing that had the MOST value -- I can probably go out tomorrow and Trademark "KarmaPoints" if I wanted to.

I have no delusions of grandeur -- it's why I build communities and hire people smarter than me.

You all have a ton of baggage and my guess is that you're going to continue to experience attrition in your fanbase as your miners flee to more profitable coinbases -- because that's what smart money does all over the world in all kinds of assets.

Fundamentally unless you start treating this more like a business and less like a hobby that's all it will ever be is a hobby...IMHO...

-dvd

PS: And leave the personal attacks at the door -- I have a minor philosophy from a Catholic college so I'm pretty sure I understand the sentiment you were implying originally...