Bitcoin Forum

http://newsfeed.time.com/2014/01/07/bound-2-happen-kanye-west-demands-coinye-programmers-shut-down-the-digital-currency/

Just curious. 

Immediate outlook doesn't look good for this coin.  I mean it's not like a rare baseball card that was 'recalled' from the factory but snuck out to the general public in small numbers.

I mean, if these coins get shut down, would having any in your wallet carry an inflated premium?  Wouldn't a cease and desist also mean trade services would risk legal ramifications if they added it?

I just don't understand. 

You cant close it down once its released to public and blocks are mined.

It's too late, they can do nothing to stop it.  :D

Oh Kanye. You so crazy.

this is just going to pump the price even more

I can see him asking for a % of profit from any exchange that trades it.

I don't understand how you can say that, though.  

It still arguably could be taken down due to them using his likeness on the coin.   Doesn't matter if it's pre or post release, they could have the developer website taken down and demand for his likeness to be removed from the coin, which would eliminate it's appeal and gimmick.  

What you guys are saying makes no sense.  It's just like if some developer created an 'ipadd' (with 2 d's) with an altered apple logo on the back.  Even if it's already on the market, Apple can still take down all distributors and order all remaining units not already sold destroyed.

I know, it would be easier to 'elude' authorities due to the cyber nature of alt coins, but eventually it would get shut down if the kanye was persistent enough.


Are you guys saying these coins could be worth even more simply as a 'novelty' item if the developers are shut down?  Why/how would you even use them then?

They can not stop the coin from being mined and they can not stop transactions, but they can cease and desist any website related to the coin, this included the block explorer of course, so they can make life difficult for the coin, but they can not kill it, in the end the torrent sites are still alive no matter how many cease and desists and how many domain name seizures and how many ISP blockades they are getting, and if all else fails you can always go darkweb

trade them on TOR...like to see that bitch-ass gayfish stop that.

Shutting down a website isn't the same as shutting down the currency. And it isn't easy to shut down a website, especially one hosted in another country. EXample: The Pirate Bay.

If the coin is successful and the only thing stopping it from getting on and exchange is the name. Well then, just change the name. Even slightly so that its not infringement anymore. With the FishKonye image and the Coinye name isn't his anyway. We may already be okay.

:D I think it's time to point a couple miners at Coinye.

I understand what you guys are saying.

But the whole (supposed) point of alts is to offer alternative means to fiat and money distribution for goods/services.  

If (and I do mean if, since it is still hypothetical) Kanye does win a case against coinye developers...then what good would the coin be other than just another novelty?  It certainly would not gain adoption from large companies because they would not want to find themselves liable for accepting something that violates law.  

Isn't this the whole point?  Or am I missing something here?  Why else would anyone want to 'invest' in a dead end road other than to pump and dump?

1 Judges signature away from a epic DDoS attack from 'Muricaaaaaa

Just change the image to Kim K's fat ass.

Oh the coin isn't big enough for that, sorry!

But Koindashians are fine?  I fucking hate Kanye West... ::)

Best altcoin advertisement i've ever seen  ;D

because we got fucking balls.                                                                                                                                                                                                                       

Ah, finally, an altcoin with a real and useful purpose: to test whether blockchain based currencies can in practice be shut down effectively by law enforcement / legal means...

Excellent! 8)

-MarkM-

Any publicity is good...

http://online.wsj.com/public/resources/documents/20140107-WSJ-coinye.pdf

Indeed this is a test for crypto.

Here's something interesting from the Cease & Desist letter:

page 2.

1. cease and desist from any and all use of the mark COINYE WEST and any versions of that mark including COINYE;

And then there's this part.

page 3.

If you fail to comply with these demands, we will notify the cryptocurrency community at large of your infringing actions and pursue all legal remedies against any business that accepts the purported COINYE WEST currency.  Specifically, Mr. West will pursue claims of contributory trademark infringement and contributory unfair competition, among others, against any entity that accepts or exchanges the COINYE WEST currency.

My question now is this: are mining pools "exchanging" the coins when they transfer them to a miners wallet?

An opinion from someone familiar with laws governing these types of issues would be great because the term "exchange" may not carry the same meaning in Trademark infringement suits that the average person might think that it means.

A quick example is New York States Criminal Sale of a Controlled Substance 5th Degree a Felony (NYS P.L. 220.31)

S 220.31 Criminal sale of a controlled substance in the fifth degree.
  A person is guilty of criminal sale of a controlled substance in the
fifth degree when he knowingly and unlawfully sells a controlled

So if Bob hands his friend Joe a dime bag of coke and didn't accept any money or any thing else at all, did Bob "SELL" Joe cocaine?
YES!

Because the definition of sell in the New York State Penal Law states this.
substance. 220.00 Controlled substances; definitions.
  1. "Sell" means to sell, exchange, give or dispose of to another, or
to offer or agree to do the same.

So this what I mean by "EXCHANGE" -- what's the exact definition of it when it comes to Trademark Infringement?

I wish COINYE Devs the best of luck.  

This is exactly what I was trying to get at.

I think some people may have thought this was a frivelous ploy against the coin, but it is obvious Kanye appears to be taking this very seriously.  And if anyone is bat-shit crazy and egomaniac enough to pull it off, it would be Kanye.  Plus he's not exactly the poorest man in the world.

The coins would be virtually worthless except for a 'keepsake' momento, relic, or collectors item.  If you cannot exchange them for goods or services, then it really is no longer a currency because it has no use.

And I'm not too entirely sure how much people would be interested in the coin if they had to completely change the name and logo.  After all, the entire draw and allure of the coin is simply based off Kanye's name/likeness.

they could be exchanged for goods and services, just not converted into fiat.  the two parties would have to decide what they're worth at the time of the transaction. 

where to get wallet?

Didn't you read the article?  

Kanye is moving to go after all companies that also offer acceptance/services using the coin.  What business in their right mind would offer goods and services for a known blacklisted/illegal alt currency?  That means they'd just be giving away goods for free in exchange for worthless bits of data.

Please see what I asked above.

Damn first he interrupts Taylor Swift during her award and now he wants to interrupt something he has no clue about???

Hahaha, He thinks the name should have been Kanyewestcoin

In no way at all is this coin the same as Kanye West

spelt different, pronounced different, lawyers have no hope

on the off chance they do succeed how valuable would the coin become then

remember duff beer

 cartons sold for over $100 each when they got banned

+1

booyah

This cease is bushit... does that mean erry black man that wears gold shades whos names is kanye? They cant stop shit...
"Freedom" (William Wallace)

dude, he is on this. i bet he owns a nice thick share and is threaten it to sue to get public attention.


mine this mofo before it goes sky high

I don't see this on his twitter:

https://twitter.com/cryptsy

It's fake: https://twitter.com/cryptsy

I almost got banned from the coinyecoin IRC room for posting it you assholes.

But I was pretty damn dumb for believing it.

You actually thought somebody will say "fuck him" on a twitter post?
Especially Vern?

I overlooked it and saw what I wanted to see I guess. It was retarded on my part.

But really , why did you use withdraw? and not remove?
I laughed so hard at that part.

Lmao, gosh what a night. This has probably been the most exciting night I've had with crypto, but I only started Dec 13.

Well , nice learning experience :)
But seriously , don't do this "see what I want to see" when looking at traffic lights.

3 major differences with Megacoin is that;

1, It is still uncertain whether or not Kimoto (megacoin developer) is Kim Dotcom or not.
2, Kimdotcom is a web developer and is already into crypto in a big way. If he was opposed to megacoin he would have said something already.
3 Kimdotcom is into internet freedom, it would be hypocritical for him to sue something based on bytes and 'megabytes' that is on the internet and on a computer... for having mega as a prefix.

Personally I think kimoto is kimdotcom... no matter what any douche like hazzard or whoever can say...

It is what he has not said that implicates him in my mind.

Nobody knows for sure other than Kimdotcom or Kimoto whoever that may be.

I would like some coin west now, is there any other way to get them other than mining?

Illegal coin gains media attention so it attracts more popularity.
Kayne may settle for a percentage of Coinye for example his lawyers may tell him that Bitcoin started small and got big, so Kanye may take interest.

kanye owns coinye.

Any publicity is good publicity

where can I get the wallet from?

A court order :D

Can I have bounty plz :)

I want to mine this coin just to pi$$ him off! ;D