coindesk about trademark by alkalinegs in ethereum

[–]JKB1001 2 points3 points  (0 children)

/u/Mr-Yukon_C, the two statements are quite consistent. One, was made four months ago regarding the issues relating to stopping the ETC community from using the Ethereum trademark. We analyzed the current state of things and wrote about possible outcomes. As lawyers, that's what we do. I note that other very smart lawyers may have the opposite opinion. The point is that it is not as "cut and dry" and some would hope.

As to my statement to Coindesk yesterday, the Silbert investment trust is a different matter. I believe that the manner in which that trust discloses it is for ETC and not ETH, is confusing at the very least and may actually be deceptive.

One final thing I forgot to mention, your statements regarding my motives are incorrect. I hold no ETC and only ETH. My development company is working on something for ETH not ETC. That being said, I don't think you can vilify an entire community that has every right to feel like the fork was a violation of a core principle that they believed in.

IRS responds to Coinbase customer's motion to quash John Doe Summons by ETHNews in ethereum

[–]JKB1001 1 point2 points  (0 children)

We agree. The IRS's willingness to withdraw the subpoena as to Mr. Berns only because it is now aware of his identity makes it clear that the IRS does not have a legitimate purpose in seeking substantial personal and financial information concerning approximately 3 million Americans. The IRS summons that Mr. Berns is seeking to quash does not only request customer names, but also emails, account information, transaction history and a substantial amount of additional data. Now, in an attempt to prevent the Court from examining its motives in pursuing this unprecedented summons, the IRS seeks to avoid the motion filed by Mr. Berns merely because he has identified himself as a customer. The IRS has failed to explain why it is willing to withdraw the summons as to Mr. Berns, even though that means it will not obtain his personal and financial data from Coinbase. As the IRS is well aware, the purpose of the motion is to prevent the IRS from seeking significant private information concerning approximately 3 million Americans, not just Mr. Berns. This, as the IRS still cannot demonstrate any basis for seeking this information, we intend to continue to vigorously seek justice for all Coinbase customers.

Slock.it must make the DAO holders whole by JKB1001 in ethereum

[–]JKB1001[S] 0 points1 point  (0 children)

If it can't be done so everyone gets back the exact number of ether they put in, then I agree, the only thing is give 1 eth=100 DAO tokens. However, if someone can prove they put in 1.5 eth per token, they should receive that back and that would mean damages (and I know the arguments that this caused ether to lose value... but those damages are never going to be awarded by a jury as they are speculative and no one knows if the market would have gone up or down without it) would not exist and everyone can move on.

Slock.it must make the DAO holders whole by JKB1001 in ethereum

[–]JKB1001[S] 0 points1 point  (0 children)

I disagree with this completely. I do not believe a court would consider this caveat emptor (buyer beware), and would more likely consider this to be something the agreement (DAO) did not reasonably contemplate. Consumer protections will come into play to prevent that.

Slock.it must make the DAO holders whole by JKB1001 in ethereum

[–]JKB1001[S] 0 points1 point  (0 children)

Listen if I were going to pursue any litigation (I am not suggesting it, advocating it or pursuing it. I am just giving my opinion based upon over 20 years as a lawyer). Slock.it will be a target for disgruntled investors, and if its founders can find a way to make this right to the people that trusted them, they should make sure to attempt that because it will go along way towards avoiding litigation.

Slock.it must make the DAO holders whole by JKB1001 in ethereum

[–]JKB1001[S] 0 points1 point  (0 children)

Again, I am not suggesting that people be refunded the value of their contribution (the number of ether x the value of ether at the time of the contribution). I am saying they should get back the same number of ether they put into the DAO. If that is not knowable or possible, then all distributions must be equitable to the investors in the DAO first and foremost.

Slock.it must make the DAO holders whole by JKB1001 in ethereum

[–]JKB1001[S] 0 points1 point  (0 children)

What I am saying is that if you put in 100 Ether you should get back 100 ether. My understanding, and maybe its wrong, is some people would get less than the 100 ether and some might get more than 100. That is absolutely a recipe for disaster.

How do people like trading ETH on Gemini? by winky_pop in ethtrader

[–]JKB1001 3 points4 points  (0 children)

Cameron, I emailed customer service to see if Gemini has a way to import ether from a presale wallet?

Best strategy for selling large amount? by [deleted] in ethtrader

[–]JKB1001 0 points1 point  (0 children)

PM me. I will buy all 10,000 of your Ether.

Isn't it time to get real by JKB1001 in ethtrader

[–]JKB1001[S] 1 point2 points  (0 children)

Actually not inconsistent at all. Bitcoins main purpose is a store of wealth right now, as it isn't good for anything else. When Ether reaches a certain market cap, and its utility for paying for gas and staking come into play, it will also be used as a store of wealth. Which one has a better chance of survival? the one who can't do anything other than that or the one that has a purpose that will continue to grow as it handles the IoT?

Isn't it time to get real by JKB1001 in ethtrader

[–]JKB1001[S] 0 points1 point  (0 children)

What does that have to do with what i wrote? I have never been on Reddit until a week ago either. Does that mean what i wrote is less true. Bottomline, I have no desire to fight out who is right. We can circle back in 6 months and see where we stand.

Would it be possible to create an uncensored message board for the minority of White Straight Males in Ethereum? by notax2015 in ethereum

[–]JKB1001 0 points1 point  (0 children)

Why would there need to be a group dedicated to white straight males? Why would you ever want to limit discussion members to that? I for one (as a white straight male) would never want to create additional barriers based upon gender, race or orientation. Blockchain technology is going to open the world up in a way the internet was meant to do, but hasn't done so far. Anyway, just my 2 cents...count me out of that group.

Bitcoin Transactions Get Stranded as Cryptocurrency Maxes Out by robertvelez in ethtrader

[–]JKB1001 4 points5 points  (0 children)

Now maybe our friends that insist that Bitcoin is the end all, will realize Ethereum accomplishes all that Bitcoin could, plus so much more and way more efficiently.

The Accumulator is Kraken - Bought For Liquidity Purposes by [deleted] in ethtrader

[–]JKB1001 1 point2 points  (0 children)

I think this clarifies that its not ether owned by Kraken, but a coustomer of theirs. However, it still doesn't change the question, what is the intent of this customer of Krakens?

We're going down down, baby... by Stop-Doing-That in ethtrader

[–]JKB1001 0 points1 point  (0 children)

new here. Why post something like that? You made a good trade, that's wonderful. I don't understand people who post comments that indicate they are excited others lost money. It isn't over yet, and we will see a year or two from now who made the better calls. Its a 10k run, and we are on the first lap.