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Author Topic: Ahead of the launch, Libra changed its name  (Read 620 times)
NeuroticFish
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December 11, 2020, 10:05:28 AM
 #61

Usually owners try to register their trademarks so that competitors do not have the slightest chance of using them. Therefore, the entire trademark as a whole and its component parts, such as text, graphics, design elements, and so on, are registered. All this makes the trademark much more secure. Facebook did something similar.

(Edited)
So according to what you say, I can't create a website "fresh apple" and "born under the sign of libra".
And since you two have so solid evidence, this is normal. OK, as you guys say. I guess I am stupid.

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BC.GAME
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FontSeli
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December 11, 2020, 11:35:21 AM
 #62

Usually owners try to register their trademarks so that competitors do not have the slightest chance of using them. Therefore, the entire trademark as a whole and its component parts, such as text, graphics, design elements, and so on, are registered. All this makes the trademark much more secure. Facebook did something similar.

(Edited)
So according to what you say, I can't create a website "fresh apple" and "born under the sign of libra".
And since you two have so solid evidence, this is normal. OK, as you guys say. I guess I am stupid.

We probably don't explain well how this system works. If Facebook registered the Libra trademark, it does not mean that you can't use THIS word anywhere else, for example, to create the site you are talking about. However, this means that you can't create another project called LIBRA on the cryptocurrency market. Or with a very similar name or logo. In this case, Facebook will drag you to the courts.
nrvasquez
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December 11, 2020, 11:44:32 AM
 #63

Until now I still don't know why Libra rebranded before its release, even though Libra is a good name and is well known to many people.
Based on my guess, maybe this is a marketing strategy from Facebook to make Diem's release viral. But I read in several articles that
Diem got a lawsuit, It seems that Facebook always gets into trouble when it comes to releasing crypto coins that it creates. There may be
parties who don't want Libra / Diem to be released.
Could it be for marketing purposes? I don't think it's that simple. I still believe that it has to do with the regulations they are currently trying to fit. they are still very difficult in terms of regulations in the US and have many obstacles in releasing their products, for marketing problems I don't think it's a big problem because they have Facebook where they can use it as a promotional medium at any time

FlagstaffRevel235
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January 02, 2021, 04:56:21 PM
 #64

Yes, I read the news that Libra has changed its name to Diem. The main reason for changing the name is to get regulatory approvals. On the other hand, there are many fake projects who used name of Libra, many people are having misconceptions about Libra. To overcome that, Libra changed their names before lunch.
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