This is a big nothingburger. Trademark holders have to actively show that they're defending their trademark.
Federal Reserve is threatening to sue Bitcoin Mag over parody product
31–40 of 91 posts
Re: Federal Reserve is threatening to sue Bitcoin Mag over parody product
#32I don't have a problem with surveillance. I have a problem with surveillance under the undemocratic, nightmerican system of goverence with non-existent to weak checks and balances across the entire polis and an outdated constitution. That said, Bitcoin is a state sponsored pyramid scheme, and only someone riding the coattails of early adoption and espousing permanent oligarch rule through its lack of taxation could e…
First paragraph is on point. Sad about the second paragraph. That isn't a brave or impressive thing to say, it is a common and misinformed perspective. Regarding Bitcoin, it's important to recognize that it's fundamentally about decentralization of financial control, not necessarily decentralizing value hoarding (though it largely does that too). It uses a distributed ledger technology, where the minting process (min…
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Re: Federal Reserve is threatening to sue Bitcoin Mag over parody product
#33I don't completely agree with the point of Bitcoin Magazine, but the blatant attempt to suppress satire and criticism is deeply troubling.
It's deeply troubling that this t-shirt is the most original criticism they can come up with.
Re: Federal Reserve is threatening to sue Bitcoin Mag over parody product
#34Earlier quoted context omitted.
First paragraph is on point. Sad about the second paragraph. That isn't a brave or impressive thing to say, it is a common and misinformed perspective. Regarding Bitcoin, it's important to recognize that it's fundamentally about decentralization of financial control, not necessarily decentralizing value hoarding (though it largely does that too). It uses a distributed ledger technology, where the minting process (min…
> Regarding Bitcoin [...] the network is increasingly moving [...] more efficient mining practices Has Bitcoin changed its mining protocol?
It is and always will be Hashcash with SHA256d as hash function.
Re: Federal Reserve is threatening to sue Bitcoin Mag over parody product
#35Well, it appears that just because this is a parody does not mean it is fair use.
I noticed that in the lawyer response, a court case was cited. I did a search for this court case and found plenty of analysis. It turns out that the Congress passed a law, the Trademark Dilution Revision Act, which specifically provided protections from parodies. But...
> ... the concern with the TDRA's "fair use" parody clause is twofold. First, it is too broad in some respects by immunizing all non-source-denoting parodies from liability in one fell swoop. The main criticism of such a broad-brush approach is that it fails to assess the message communicated by the parody and its effect on the reputation of the mark. Second, the clause is, quite ironically, too narrow in other respects, as it excludes from its ambit certain source-denoting parodies that might be deserving of protection.
So the question, I guess, is whether this parody is excluded by the poorly-worded TDRA. Remember that earlier this year the Supreme Court sided with Jack Daniels in a trademark parody dispute against a dog toy manufacturer!
[1] https://scholarship.law.campbell.edu/cgi/viewcontent.cgi?art...
Re: Federal Reserve is threatening to sue Bitcoin Mag over parody product
#36I don't have a problem with surveillance. I have a problem with surveillance under the undemocratic, nightmerican system of goverence with non-existent to weak checks and balances across the entire polis and an outdated constitution. That said, Bitcoin is a state sponsored pyramid scheme, and only someone riding the coattails of early adoption and espousing permanent oligarch rule through its lack of taxation could e…
First paragraph is on point. Sad about the second paragraph. That isn't a brave or impressive thing to say, it is a common and misinformed perspective. Regarding Bitcoin, it's important to recognize that it's fundamentally about decentralization of financial control, not necessarily decentralizing value hoarding (though it largely does that too). It uses a distributed ledger technology, where the minting process (min…
> not necessarily decentralizing value hoarding (though it largely does that too)
I could have agreed with that if it had a fixed block subsidy. Not with the repeated halving that leaves each next generation with 32x less bitcoin to mine.
Re: Federal Reserve is threatening to sue Bitcoin Mag over parody product
#37Earlier quoted context omitted.
Uhhhh... what? Doesn't the Copyright Act of 1976 place government works into public domain? https://en.m.wikipedia.org/wiki/Copyright_status_of_works_by... Yes, yes it does. Reading the Fed's C&D, their complaint is about the trademark, not copyright. The magazine's lawyer's response is also about trademark, not copyright. The author of this article isn't as familiar with the law as the lawyers are.
> Doesn't the Copyright Act of 1976 place government works into public domain? The Federal Reserve is about as federal as Federal Express.
The Federal Reserve is a de facto branch of government. To the extent that it manages to legally and politically suppress this fact, and perhaps even has a plausible claim to create "trade" marks and whatnot, is just part of the general corruption surrounding it.
Re: Federal Reserve is threatening to sue Bitcoin Mag over parody product
#38https://en.wikipedia.org/wiki/Streisand_effect even pursuing this by the Fed.
Well, at least it will get FedNow some attention. It's hard to find a bank that actually offers it to customers.
FedNow is basically a speedup for bank to bank ACH transfers. ACH is 1-3 days; FedNow is a few seconds.
Re: Federal Reserve is threatening to sue Bitcoin Mag over parody product
#39I don't have a problem with surveillance. I have a problem with surveillance under the undemocratic, nightmerican system of goverence with non-existent to weak checks and balances across the entire polis and an outdated constitution. That said, Bitcoin is a state sponsored pyramid scheme, and only someone riding the coattails of early adoption and espousing permanent oligarch rule through its lack of taxation could e…
> I don't have a problem with surveillance.
Hard to continue reading you after that kind of statement.
> That said, Bitcoin is a state sponsored pyramid scheme,
And now damn near impossible.
Re: Federal Reserve is threatening to sue Bitcoin Mag over parody product
#40I don't have a problem with surveillance. I have a problem with surveillance under the undemocratic, nightmerican system of goverence with non-existent to weak checks and balances across the entire polis and an outdated constitution. That said, Bitcoin is a state sponsored pyramid scheme, and only someone riding the coattails of early adoption and espousing permanent oligarch rule through its lack of taxation could e…
> Bitcoin is a state sponsored pyramid scheme
There's billions of USD of it owned by dozens of different countries.
Which state are you implying to be sponsoring the "pyramid scheme"?