Somehow I suspect suing everyone, including those who would otherwise be your friends/allies, isn't in the Dale Carnegie book...
Aaron Greenspan sues Facebook, Sequoia, Andreesen, YC, others
21–30 of 180 posts
Re: Aaron Greenspan sues Facebook, Sequoia, Andreesen, YC, others
#22Even though I'm not a huge Greenspan fan (are there any?), I find this money transmitter stuff incredibly fascinating. I haven't reviewed the relevant legal code, but I strongly suspect that Greenspan is right in that: (1) there are lots of little annoying laws related to money transmitters that makes it very difficult to get new payment stuff off the ground (2) If you have deep pockets and good lawyers you can prett…
Ahh, is this why all these tech giants use a non-money credit system for their stores and networks: Sony, Apple, Microsoft, Amazon(?), ... there must be many more.
Re: Aaron Greenspan sues Facebook, Sequoia, Andreesen, YC, others
#23[deleted]
Re: Aaron Greenspan sues Facebook, Sequoia, Andreesen, YC, others
#24I wonder if HN user thinkcomp (i.e. Aaron Greenspan) is willing/able to comment here. It would be interesting to know his motivations for doing this.
Re: Aaron Greenspan sues Facebook, Sequoia, Andreesen, YC, others
#25Even though I'm not a huge Greenspan fan (are there any?), I find this money transmitter stuff incredibly fascinating. I haven't reviewed the relevant legal code, but I strongly suspect that Greenspan is right in that: (1) there are lots of little annoying laws related to money transmitters that makes it very difficult to get new payment stuff off the ground (2) If you have deep pockets and good lawyers you can prett…
is the idea that the defendants pursued unfair and illegal business practices, promoting their services, while a law abiding service got swept behind? anyone know what the precedent is for this sort of thing?
Re: Aaron Greenspan sues Facebook, Sequoia, Andreesen, YC, others
#26Even though I'm not a huge Greenspan fan (are there any?), I find this money transmitter stuff incredibly fascinating. I haven't reviewed the relevant legal code, but I strongly suspect that Greenspan is right in that: (1) there are lots of little annoying laws related to money transmitters that makes it very difficult to get new payment stuff off the ground (2) If you have deep pockets and good lawyers you can prett…
[deleted]
Re: Aaron Greenspan sues Facebook, Sequoia, Andreesen, YC, others
#27"Fake it till you make it" as unfair competition? Interesting theory, but it seems like it would cause a lot of damage in the startup world.
Re: Aaron Greenspan sues Facebook, Sequoia, Andreesen, YC, others
#28Can someone please translate this lawsuit into common language. It looks pretty interesting, but I'm not familiar with the laws on money transmission. Thanks!
This group of people knowingly broke the law and profited from it. I chose to obey the law and forgo profits. I would like some profits, hopefully conveyed by legal means, to make me whole.
Re: Aaron Greenspan sues Facebook, Sequoia, Andreesen, YC, others
#29Even though I'm not a huge Greenspan fan (are there any?), I find this money transmitter stuff incredibly fascinating. I haven't reviewed the relevant legal code, but I strongly suspect that Greenspan is right in that: (1) there are lots of little annoying laws related to money transmitters that makes it very difficult to get new payment stuff off the ground (2) If you have deep pockets and good lawyers you can prett…
Ahh, is this why all these tech giants use a non-money credit system for their stores and networks: Sony, Apple, Microsoft, Amazon(?), ... there must be many more.
I'm pretty sure all of those companies also take $'s for digital goods. Microsoft is the most famous for having a credit system, but you can still buy retail download games using $'s.
AFAIK, the only reason these companies would use a credit system is so that people need to buy credits in bulk, reducing the hit received from processing credit card transactions.
Re: Aaron Greenspan sues Facebook, Sequoia, Andreesen, YC, others
#30Even though I'm not a huge Greenspan fan (are there any?), I find this money transmitter stuff incredibly fascinating. I haven't reviewed the relevant legal code, but I strongly suspect that Greenspan is right in that: (1) there are lots of little annoying laws related to money transmitters that makes it very difficult to get new payment stuff off the ground (2) If you have deep pockets and good lawyers you can prett…
I think it's reasonable to assume, by this point, that anything he does should fall under the rubrik of
http://knowyourmeme.com/memes/christ-what-an-asshole
Except, unfortunately, without notably increasing the humor value, so far.