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New Name Ideas of Nxt (easier to find on google f.e.)
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Author Topic: New Name Ideas of Nxt (easier to find on google f.e.)  (Read 47926 times)

remix

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Re: New Name Ideas of Nxt (easier to find on google f.e.)
« Reply #20 on: February 17, 2016, 01:34:05 pm »

Any interaction with the Nxt name will be impossible. The Nxt Foundation would need to cease operations under the name.

Sorry to be the harbinger of doom here, but that's what can (and once we grow WILL) happen.

Has it happened to any other cryptocurrency? I don't think so.

I wonder if Satoshi got any Cease and desist letters in his mailbox. He was clearly breaking many laws, but he ignored them. It seems to have worked fine.

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We are at a good juncture to do this if we want. The 2.0 is probably the only point in time when we could do this AND reap PR brownie points due to generating publicity for it.

I'd disagree with the value of brownie points and publicity. The value of a cryptocurrency seems to depend on the fact that the blockchain will continue no matter what happens. Reacting to legal threats is contrary to that idea. And to be truly safe we would need to pick a random name like Jsdgfhsdofiwehfew.

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Nxt is a GOOD name, and guess what: that's why over 100 companies already have prior rights.

NXT is established in the cryptocurrency domain. The other companies work in their own domains. I don't think an average consumer will confuse a currency with any other product.

Quote
Case law is very clear on this: whomever registered first, gets the name. We were far from the first.

Not necessarily: "15 August 1994, William R. Della Croce, Jr. filed for the trademark Linux" (Wikipedia).

And later:

"In 1996, Torvalds and some affected organizations sued him to have the trademark assigned to Torvalds, and, in 1997, the case was settled."

Obviously the legal system will slowly decide how cryptocurrency is handled, but I would rather have somebody with more money and resources do it (preferably Bitcoin), not NXT with limited resources. Just ignoring the issues will cost the least.
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sadface

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Re: New Name Ideas of Nxt (easier to find on google f.e.)
« Reply #21 on: February 17, 2016, 01:56:47 pm »

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Has it happened to any other cryptocurrency? I don't think so.

'coinye', was a kanye west spoof coin during doge hype days. maybe there are others, that didn't go public.
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Damelon

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Re: New Name Ideas of Nxt (easier to find on google f.e.)
« Reply #22 on: February 17, 2016, 02:53:59 pm »

Any interaction with the Nxt name will be impossible. The Nxt Foundation would need to cease operations under the name.

Sorry to be the harbinger of doom here, but that's what can (and once we grow WILL) happen.

Has it happened to any other cryptocurrency? I don't think so.

I wonder if Satoshi got any Cease and desist letters in his mailbox. He was clearly breaking many laws, but he ignored them. It seems to have worked fine.

Why would Satoshi get a Cease and Desist over the name Bitcoin? It didn't exist, so the example doesn't apply.
Nxt DOES exist and has been registered by many.

This is the point where the law applies.

Any interaction with the Nxt name will be impossible. The Nxt Foundation would need to cease operations under the name.
We are at a good juncture to do this if we want. The 2.0 is probably the only point in time when we could do this AND reap PR brownie points due to generating publicity for it.

I'd disagree with the value of brownie points and publicity. The value of a cryptocurrency seems to depend on the fact that the blockchain will continue no matter what happens. Reacting to legal threats is contrary to that idea. And to be truly safe we would need to pick a random name like Jsdgfhsdofiwehfew.

The blockchain WILL continue. The name won't. Simple as that. No one will be allowed to use it for such use. No company that is registered will.
Again: that is the point.

The random name is just silly. There are many names available. We can use any name that doesn't conflict by the standards of international trademark laws.

In this I say we get the best out of a bad situation: market the change! It will at least get us more attention.

Nxt is a GOOD name, and guess what: that's why over 100 companies already have prior rights.

NXT is established in the cryptocurrency domain. The other companies work in their own domains. I don't think an average consumer will confuse a currency with any other product.

Sorry to break it to you, but the cryptocurrency domain is TINY compared to business at large, and Nxt is even tiny there.
Once we are established and this blows up in our faces, we're in much more trouble than we would be now.
We are in the lucky position to be only known in a very small group, so we still have this room.
Once we break out, we
a) actually are becoming a target and a problem for other registered trademarks and,
b) will have much more to lose.

Case law is very clear on this: whomever registered first, gets the name. We were far from the first.

Not necessarily: "15 August 1994, William R. Della Croce, Jr. filed for the trademark Linux" (Wikipedia).

And later:

"In 1996, Torvalds and some affected organizations sued him to have the trademark assigned to Torvalds, and, in 1997, the case was settled."

Obviously the legal system will slowly decide how cryptocurrency is handled, but I would rather have somebody with more money and resources do it (preferably Bitcoin), not NXT with limited resources. Just ignoring the issues will cost the least.

I think this proves you don't know how trademark law works.

This example is about a time when the Linux trademark was NOT registered by anyone and someone tried to squat it and make money.
The law then protects anyone who can prove prior use and economic benefit. This is what happened here.

For Nxt, the situation is much more clear cut: there ARE prior registrations. Not one, but MANY.
This means, whatever we try, we will lose any case outright. There is no recourse AT ALL against this, because it's done.

Let me state the facts of trademark law, so we don't get confusion

1. Trademark law only applies when names that have economic value conflict. DASH could claim theirs because the detergent brand does not operate in IT. Thus: no conflict and the brand can survive.
For Nxt, there are many names in IT that can conflict.

A small sample just from the Netherlands:
NXT Group B.V.
U-NXT B.V.
NXT Holding B.V.
NXT B.V.
NXT Business

Some wordmarks that directly conflict and would oppose us are:

https://register.boip.int/bmbonline/search/bynumber/perform.do
Benelux trademark NXT:0854410
European Trademark NXT: https://oami.europa.eu/eSearch/#basic/1+1+1+1/50+50+50+50/5641147
European Trademark NEXT: https://oami.europa.eu/eSearch/#basic/1+1+1+1/50+50+50+50/8996308
European Trademark NEXT: https://oami.europa.eu/eSearch/#basic/1+1+1+1/50+50+50+50/8218885

I can go on and on.
According to trademark law, ANY of these could oppose NXT on lawful grounds and would win outright.

Doesn't matter if it's NXT or NEXT. It's the possible confusion that counts.

2. Trademark law goes by who registers first.
In all these cases, we lose.

Quote
Has it happened to any other cryptocurrency? I don't think so.

'coinye', was a kanye west spoof coin during doge hype days. maybe there are others, that didn't go public.

I have met one of the people who were sued in this. He has quite a few stories to tell. Being sued is not nice, especially over something you thought you were safe from. This guy had US police at his door and had to fly to the US to get his name cleared.

My point in all of this is: why the hell chance it? Because we are attached to the name? The blockchain is what counts and our tech. The name is incidental and if it gets us into more trouble than we need, why not consider changing it now that we can?
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lurker10

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Re: New Name Ideas of Nxt (easier to find on google f.e.)
« Reply #23 on: February 17, 2016, 03:02:05 pm »

Re-branding will be almost painless while Nxt is small scale. Better do it soon.
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remix

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Re: New Name Ideas of Nxt (easier to find on google f.e.)
« Reply #24 on: February 17, 2016, 04:16:54 pm »

Why would Satoshi get a Cease and Desist over the name Bitcoin? It didn't exist, so the example doesn't apply.

Satoshi probably stayed anonymous because he operated in a gray area of the law (not trademarks, all other laws). If he had asked the advice of a lawyer, he would have been told to stop.

We can use any name that doesn't conflict by the standards of international trademark laws.

We should then register it ourselves to prevent others from getting it later. I'm not in principle opposed to that, if it doesn't cost too much. I still think it is a safer strategy to fly under the radar and interact with the legal system after having more money and resources. Or follow the lead of other cryptos, not make changes because of any possible threat. 

Nxt DOES exist and has been registered by many.

This is the point where the law applies.

I think you are arguing a technicality. An average consumer will not confuse NXT the cryptocurrency with some other NXT.

I think this proves you don't know how trademark law works.

My point was also that this kind of nonsense litigation can run for years or decades and cost money. Of course changing the name doesn't cost a lot of money directly, but it is an indirect cost I would avoid, at least only for the reason of a trademark.

This means, whatever we try, we will lose any case outright. There is no recourse AT ALL against this, because it's done.

I would say it is an open question which laws apply to cryptocurrencies (all laws, not just this issue).

DASH could claim theirs because the detergent brand does not operate in IT. Thus: no conflict and the brand can survive.
For Nxt, there are many names in IT that can conflict.

DASH is such a common word, that I would guess it has even more conflicts in IT than NXT, but I'm just guessing.

Quote
Has it happened to any other cryptocurrency? I don't think so.

'coinye', was a kanye west spoof coin during doge hype days. maybe there are others, that didn't go public.
I have met one of the people who were sued in this. He has quite a few stories to tell. Being sued is not nice, especially over something you thought you were safe from. This guy had US police at his door and had to fly to the US to get his name cleared.

I would agree not to pick a name that somebody else uses. That's also the spirit of the law. I believe NXT wasn't chosen to conflict with anyone on purpose. 

Quote
My point in all of this is: why the hell chance it? Because we are attached to the name? The blockchain is what counts and our tech. The name is incidental and if it gets us into more trouble than we need, why not consider changing it now that we can?

Because this issue is too much of a legal technicality, and also because other technicalities could bring down cryptos.

Perhaps the name change is a borderline case where potential threats from the existing legal system could be accomodated with little direct costs. I still wouldn't do it, at least not for this reason only.
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Damelon

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Re: New Name Ideas of Nxt (easier to find on google f.e.)
« Reply #25 on: February 17, 2016, 04:35:17 pm »

I think you miss the point that we have done let an agency do research into this.

This is not just me talking as a person who knows something about trademark law, having worked in it...
Quote
We should then register it ourselves to prevent others from getting it later. I'm not in principle opposed to that, if it doesn't cost too much. I still think it is a safer strategy to fly under the radar and interact with the legal system after having more money and resources. Or follow the lead of other cryptos, not make changes because of any possible threat. 

This
shows you are not hearing what I am saying.

Others have done this already. That is the point.

We cannot register it.

Quote
My point was also that this kind of nonsense litigation can run for years or decades and cost money.

In our case, it would never take this long as we'd lose outright. It's an open and shut case. It would just mean losing any right to the name outright and a hefty fine attached when ever using it again. In some jurisdictions (US and Germany for instance) it will even land us a fine for the time we've been using it now.

Quote
I believe NXT wasn't chosen to conflict with anyone on purpose

Doesn't matter. It's done and the situation is as described.

I am not talking bollocks here. This is a real thing. You might not want to look facts in the face, I prefer to do.
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remix

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Re: New Name Ideas of Nxt (easier to find on google f.e.)
« Reply #26 on: February 17, 2016, 04:41:36 pm »

I think you miss the point that we have done let an agency do research into this.

This is not just me talking as a person who knows something about trademark law, having worked in it...
Quote
We should then register it ourselves to prevent others from getting it later. I'm not in principle opposed to that, if it doesn't cost too much. I still think it is a safer strategy to fly under the radar and interact with the legal system after having more money and resources. Or follow the lead of other cryptos, not make changes because of any possible threat. 

This
shows you are not hearing what I am saying.

Others have done this already. That is the point.

We cannot register it.

If there is a new name for NXT, then I believe we should register it, or the same situation can repeat later.
 
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sadface

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Re: New Name Ideas of Nxt (easier to find on google f.e.)
« Reply #27 on: February 17, 2016, 04:51:04 pm »

Quote
I would agree not to pick a name that somebody else uses. That's also the spirit of the law. I believe NXT wasn't chosen to conflict with anyone on purpose.

hate to dig up bcnxt stuff, but if i recall correct nxt was chosen as a _temporary_ name. the community later decided to keep it. i'm thinking the implications were not clear at the time and with everything else going on (nxt pumping, literally everything pumping) it seemed like easy going and not important. things have changed, we have evolved, learned and organized. we shouldn't make the same mistakes again, when an opportunity to improve presents itself.

i personally think the name is just ok, not great, not original. what its got going for it is the awesome logo.
« Last Edit: February 17, 2016, 05:28:10 pm by sadface »
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Damelon

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Re: New Name Ideas of Nxt (easier to find on google f.e.)
« Reply #28 on: February 17, 2016, 04:52:48 pm »

I think you miss the point that we have done let an agency do research into this.

This is not just me talking as a person who knows something about trademark law, having worked in it...
Quote
We should then register it ourselves to prevent others from getting it later. I'm not in principle opposed to that, if it doesn't cost too much. I still think it is a safer strategy to fly under the radar and interact with the legal system after having more money and resources. Or follow the lead of other cryptos, not make changes because of any possible threat. 

This
shows you are not hearing what I am saying.

Others have done this already. That is the point.

We cannot register it.

If there is a new name for NXT, then I believe we should register it, or the same situation can repeat later.

OK, this clarifies your point :)
And I agree.
This is how it's done anyway in normal business. First check and then register.

Quote
I would agree not to pick a name that somebody else uses. That's also the spirit of the law. I believe NXT wasn't chosen to conflict with anyone on purpose.

hate to dig up bcnxt stuff, but if i recall correct nxt was chosen as a _temporary_ name. the community later decided to keep it.

This was the thread: https://bitcointalk.org/index.php?topic=340157.0 :)
« Last Edit: February 17, 2016, 04:54:54 pm by Damelon »
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websioux

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Re: New Name Ideas of Nxt (easier to find on google f.e.)
« Reply #29 on: February 17, 2016, 04:54:04 pm »

Scale that's what 2.0 is about
Bit2 another way to mention the next bitcoin

Eco - ecosystem, economy or simply e-coin...
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lurker10

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Re: New Name Ideas of Nxt (easier to find on google f.e.)
« Reply #30 on: February 17, 2016, 05:22:27 pm »

For scale name it new interplanetary crypto monetary network or something.
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Peter2516

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Re: New Name Ideas of Nxt (easier to find on google f.e.)
« Reply #31 on: February 17, 2016, 05:31:22 pm »


1. Trademark law only applies when names that have economic value conflict. DASH could claim theirs because the detergent brand does not operate in IT. Thus: no conflict and the brand can survive.
For Nxt, there are many names in IT that can conflict.
[..]
I can go on and on.
According to trademark law, ANY of these could oppose NXT on lawful grounds and would win outright.

Doesn't matter if it's NXT or NEXT. It's the possible confusion that counts.

But... but... if hundreds or more companies already use NXT/NEXT in the IT business, doesn't that actually mean that NONE of them can claim the trademark? Doesn't it work like patents, where you are obliged to defend your right, or you lose it? If those companies haven't sued eachother for trademark infringement,  they can't just suddenly start sueing NXT (crypto)?
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Benzedi

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Re: New Name Ideas of Nxt (easier to find on google f.e.)
« Reply #32 on: February 17, 2016, 05:35:37 pm »

The name should not be anything to do with NXT. Move completely away from it and think of something unique.
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lurker10

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Re: New Name Ideas of Nxt (easier to find on google f.e.)
« Reply #33 on: February 17, 2016, 05:39:48 pm »

Reticulum Pecunia Numerus, RPN - digital currency network in Latin.
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Benzedi

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Re: New Name Ideas of Nxt (easier to find on google f.e.)
« Reply #34 on: February 17, 2016, 06:04:35 pm »

Reticulum Pecunia Numerus, RPN - digital currency network in Latin.

Numerus isn't bad.

- starts with N.
- network in latin.
- reminds of numbers.
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lurker10

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Re: New Name Ideas of Nxt (easier to find on google f.e.)
« Reply #35 on: February 17, 2016, 06:12:49 pm »

Reticulum Pecunia Numerus, RPN - digital currency network in Latin.

Numerus isn't bad.

- starts with N.
- network in latin.
- reminds of numbers.

Numerus stands for 'digital' actually. Reticulum is for network.
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Cassius

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Re: New Name Ideas of Nxt (easier to find on google f.e.)
« Reply #36 on: February 17, 2016, 06:36:34 pm »

Exciting new thread!

I suggest 'Anxt'  ::)
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danisapfirov

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Re: New Name Ideas of Nxt (easier to find on google f.e.)
« Reply #37 on: February 17, 2016, 07:58:36 pm »

Platform name:
NxtChains
NxtBlocks

Currency:
NXT

Forging currency or asset:
FOUNDATION

TheWireMaster

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Re: New Name Ideas of Nxt (easier to find on google f.e.)
« Reply #38 on: February 17, 2016, 10:18:32 pm »

It is actually true that if you search for the #nxt hashtag in Twitter you get a lot or wrestlers... :)
Probably it will be enough to have a commonly used nickname so that I can filter out all the other nxt on the Internet... :)
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Tosch110

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Re: New Name Ideas of Nxt (easier to find on google f.e.)
« Reply #39 on: February 17, 2016, 10:26:42 pm »

Exciting new thread!

I suggest 'Anxt'  ::)

Sounds like "Angst" german word for "fear" ;)
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