discuss Libra domains. Fingers crossed!

[FirstDomainer.com]

Purchased 3 two word libra .COM domains today. What are your thoughts and suggestions? Well, fingers crossed !!

 

[Recons.Com]

Given the high potential of this name it might be cost effective to send Pat & Vanna to Tripoli for a week of Wheel and bury in visa small print a clause that host country must replace letter Y with R in all state documents.

Actually, quite the contrary.

Facebook and US State Department will send cease and desist letter to Libya requiring them to stop using the name, as it is confusingly similar to Libra.

Libya has been advised to engage the experienced ip attorney @jberryhill to defend their interests.

 

[jideofor]

Stay away from company products, its frowned upon this industry and its what always gives us domainers the squatters tag.

People can justify it all they want, they know its not right, its the same as buying a Ford, Dell, or iPad name, and because I sell it to a fellow domainer without being caught, it makes its ok for people. Just because you dont get caught, doesnt make it legal.




That's rubbish, there are thousands of TM names registered in all the different niches and threads on here, go and have a look. Check out Sedo and Godaddy as well for TM names, lots of them.

Apart from that, who is going to buy these names, let's assume that Facebook doesn't hunt them down and feels cool about it?

This is no different from owning a domain name with just one end user which in this case is Facebook and if they decide not to buy them, you are on your own holding the bag

 

[Croissant]

Million thanks to all members

Now I know what Libra is and why I see "Libra Domain Topics" here :D (old guy)

Good luck to everyone / please consider also people's comment here

Just try you never know

 

[FirstDomainer.com]

Perfectly legal, lots being developed too.....libranews.com etc...

Better thread here on namepros namepros.com/threads/showcase-libra-domains.1141658/page-3

that's exactly why I invested in them . Had it been illegal, there wouldn't have been thousands of registrations made already !! But the question is , IS IT HERE TO STAY ?

 

[FirstDomainer.com]

Invested?

*purchased

 

[Corey]

swapped a domain name around for the portfolio site

ZuckBucks.com.au

Show attachment 121995

Cheers
Corey

 

[gilescoley]

Cryptocurrency is not a product. How do you explain the term 'Bitcoin'? Is Bitcoin a product or cryptocurrency?

Is Libra different than Bitcoin?

Are Bitcoin domains labeled with a "squatters tag?"

The whole idea of decentralization and cryptocurrency is control. Not one entity controls decentralized cryptocurrency and that is the appeal.

Facebook does not control Libra, they only kickstarted it. Libra is controlled by the Libra Association.

If the Libra Association controls and TM,s the term (as they are attempting), it would technically not be cryptocurrency and it wouldn't be decentralized. In that case it could be considered a product, but not cryptocurrency. Although, we aren't at that bridge yet. Stay tuned these are interesting times.

I dont think you believe that for a second. It is a product by the way. Its like people registering ripple names, it can lead to trouble and has happened in the past.

https://www.wipo.int/amc/en/domains/search/text.jsp?case=D2016-0605

 

[Furquan]

Libra is joke, betrer you have tried getting some other good two word .com

 

[Atone]

LibraLinked.com
Libraace.com

 

[Steven McEvoy]

"shaking head"

 

[Internet.Domains]

If the domain is going to be used just for news related to the coin then it's not really infringing on the trademark class of the coin. (I'm certainly not 100% on that)

But the moment someone uses a "Libra" domain to market a product in the same class (pretty much ANYTHING digital), then there most definitely *IS* a trademark infraction.

Obviously the Libra Foundation (/Facebook/whoever runs Libra) can choose not to enforce it's very legal trademark .. but it's completely up to them .. and very unlikely they will ever allow anyone they do not give specific permission to to create a "LibraWallet" or "LibraApp" etc.

If you think Facebook and other major companies behind Libra are not going to actively enforce their trademark sooner than later then I've got prime swampland to sell you in Florida! lol


That being said .. they very likely won't come after inactive domains, and instead focus their attention on those actually using the names actively. Which means that while you might not get sued .. any end-user who wants to use the name who buys the domain from you will very likely get sued the second they put their product out there in a way that makes them money (even if it's a free product running ads). Most developers know this and as such will never buy "Libra" domains.

So yes .. they are likely relatively safe to hold as inactive domains in a portfolio (although not necessarily officially 100% safe) ... but if you have almost no chance of selling the domain .. then what's the point of owning it in the first place? That's the real problem with trademark type domains ...

Thanks for your views on this.

What do you say about the lead engineer promoting developed 3rd party websites with the term Libra? How would you explain his promotions of domains with the term?

https://twitter.com/davidmarcus/status/1146090206904250374

 

[ivey]

Thanks for your views on this.

What do you say about the lead engineer promoting developed 3rd party websites with the term Libra? How would you explain his promotions of domains with the term?

https://twitter.com/davidmarcus/status/1146090206904250374

He is not just promoting those sites...but by asking all his followers publicly if they have built one? This is without question encouraging everyone to participate in doing the same. It's almost like how developers can create apps for wordpress or apple or android. The difference being you are allowed to use the term Libra.

 

[Ategy]

... it is premature to label domainers that invest in 'Libra' domains as "cybersquatting" and/or trying to sell the domains to Facebook.

I never said that!

If domainers were buying to sell directly to Facebook (or Libra Foundation) then YES 100% indeed they would be cybersquatting.

That being said .. I'm presuming most domainers have been buying domains with the intention of selling to 3rd party developers. Essentially people who make tools/apps for Libra after it comes out.

Much like there are several Bitcoin related companies. The difference here is that Bitcoin isn't owned by anyone, and as such there is no active trademark on "Bitcoin" (and more importantly, nobody who would ever enforce their exclusive rights to use "Bitcoin"), so anyone can have BitcoinWallet or LottoBitcoin, etc.

For Libra it's the complete opposite .. it will be controlled by the Libra Foundation, which is essentially ~18 of the most vigourous trademark defenders on the planet. There is absolutely ZERO chance that they will allow any random company to call themselves LibraLotto or anything like that!


I suppose in trying to be transparent they might let some things slide .. but rest assured .. anything that will make serious money on the backs of Libra will be defended against ... which means that no end-user will ever pay "big money" for any Libra domain because they'll never be able to make any money with it.

When I hear some partners talking about being careful getting " Libra related domains" because of possible future trademark infringement etc...I ask myself: Does this mean that the LIBRA FOUNDATION might POSSIBLY" trademark the name LIBRA. Is that what is going on over here? If so, can the name LIBRA be trademarked? Isn't LIBRA an astrologicalL sign in the zodiac that exists I believe 2,000 years before this FB Libra project and that is used billion of times around the world or the future issues could be just about using the name Libra + Stable coin terminologies? Any light???

You really need to do some research on Trademarks.

First of all .. Facebook purchased the US trademark rights to "Libra" (from an existing company who changed their name) in the specific trademark class(es) (I'm assuming "Software" and/or "Financial Services") .. presumably to pass on to the Libra Foundation when officially established.

Yes .. single generic words are 100% trademarkable in trademark classes where they are not generic industry terms/words. (You couldn't trademark "Orange" in the food sector, but you can trademark "Orange" in the financial sector).

Since "Libra" has no inherent industry definition within Software and/or Finance, then it is definitely something a company could use as a trademark.

In fact .. there already are other companies using the Libra mark in similar categories (which is what's going to make this messy going forward as in theory any new company wanting to use Libra in software and/or Finance would need approval from all existing holders).



I really advise everyone to learn more about trademarks .. most assumptions at NamePros range from wrong to extremely wrong.

 

[Ategy]

What, Really??? Wow. I hope they won't get it. That way we all will be seating on top of gold mines with all those Libra domains we have registered. Thank you @Internet.Domains. Great info

If they don't get it .. they will use a different name. There is 0% chance those combined companies would ever launch something so potentially powerful without first securing TM rights.

At the moment Libra domains aren't worth much.

If they do get the trademark Libra domains will be worth less.
If they don't get the trademark Libra domains will be worthless.
(Note the lack of a space between Worth+Less if they don't get it)

 

[Internet.Domains]

I never said that!

If domainers were buying to sell directly to Facebook (or Libra Foundation) then YES 100% indeed they would be cybersquatting.

That being said .. I'm presuming most domainers have been buying domains with the intention of selling to 3rd party developers. Essentially people who make tools/apps for Libra after it comes out.

Much like there are several Bitcoin related companies. The difference here is that Bitcoin isn't owned by anyone, and as such there is no active trademark on "Bitcoin", so anyone can have BitcoinWallet or LottoBitcoin, etc.

For Libra it's the complete opposite .. it will be controlled by the Libra Foundation, which is essentially ~18 of the most vigourous trademark defenders on the planet. There is absolutely ZERO chance that they will allow any random company to call themselves LibraLotto or anything like that!


I suppose in trying to be transparent they might let some things slide .. but rest assured .. anything that will make serious money on the backs of Libra will be defended against ... which means that no end-user will ever pay "big money" for any Libra domain because they'll never be able to make any money with it.




You really need to do some research on Trademarks.

First of all .. Facebook purchased the US trademark rights to "Libra" (from an existing company who changed their name) in the specific trademark class(es) (I'm assuming "Software" and/or "Financial Services") .. presumably to pass on to the Libra Foundation when officially established.

Yes .. single generic words are 100% trademarkable in trademark classes where they are not generic industry terms/words. (You couldn't trademark "Orange" in the food sector, but you can trademark "Orange" in the financial sector).

Since "Libra" has no inherent industry definition within Software and/or Finance, then it is definitely something a company could use as a trademark.

In fact .. there already are other companies using the Libra mark in similar categories (which is what's going to make this messy going forward as in theory any new company wanting to use Libra in software and/or Finance would need approval from all existing holders).



I really advice everyone to learn more about trademarks .. most assumptions at NamePros range from wrong to extremely wrong.

Yes, Trademark knowledge is helpful when domain investing. When examining the TM that Facebook purchased there is an important detail to understand.

The TM is for a TAX company.

https://www.theblockcrypto.com/2019...wn-tax-company-for-its-secret-crypto-project/

Again, I agree there are many legal issues to be settled, and because of this it is premature to label 'libra' investors as TM violators. In fact, it is absolutely wrong to do so if one has TM knowledge.

 

[Winfluence]

The point isn't whether or not you can safely reg a TM domain.

The point is that no sensible crypto company will want to BUY a crypto related domain that contains a popular cryoto brand that is already trademarked by a popular crypto company.

Ethereum is trademarked. Look how many domains where sold with the word "Ethereum" in it. Not many... And how many of those sold are actually in use?

 

[jberryhill]

You probably meant the Libra Association's lawyers as Facebook does not own, control or govern the cryptocurrency called Libra.

They are the same lawyers.

https://blogs.findlaw.com/in_house/2012/05/facebook-ipo-legal-fees-hit-26m-for-fenwick-and-west.html

Fenwick and West, the firm identified in the application I linked above, is also the primary firm that handles Facebook's corporate matters.

 

[ecalc]

Ladies and gentlemen, what we witnessed here was a verbal evisceration unmatched since the days of King Arthur. In honor of bandwagon investors everywhere let us bestow upon them the 2019 Black Knight Award for Courage. All together now:
What do we want? Libra names!
When do we want ‘em? Now!
repeat con gusto …

 

[Recons.Com]

I just purchased libracitizens.com Hope it sells fast.

Yes, great very forward looking investment! Because where there is a currency, there will be a state! Just think of that Baltic country. First there was a currency called Lat, and then they just went ahead and created a country and called it Latvia and now they use Lats there. Another example, someone started coins called Francs and then they established France around it, before France moved to Euro, and actually the whole continent got named after the currency - Europe.

And once The Republic of Libra is established, its citizens will definitely want to own your wonderful name. Just hold to it and don't sell cheap! Good luck!

 

[Joakim]

Yes, great very forward looking investment! Because where there is a currency, there will be a state! Just think of that Baltic country. First there was a currency called Lat, and then they just went ahead and created a country and called it Latvia and now they use Lats there. Another example, someone started coins called Francs and then they established France around it, before France moved to Euro, and actually the whole continent got named after the currency - Europe.

And once The Republic of Libra is established, its citizens will definitely want to own your wonderful name. Just hold to it and don't sell cheap! Good luck!

 

[Internet.Domains]

Anyone that registered “Libra” domains has -
1. Lost their money
2. Operated in bad faith.

Go back to domaining 101 and learn how this game works!

It's fair to say #1, as that is your opinion. By saying #2 you are accusing people of operating in bad faith and that is just plain wrong.

 

[Joakim]

Calibra will be interoperable, so users can send money back and forth with other wallets, and Marcus committed to data portability so users can switch entirely to a competitor. But solely embedding Facebook’s own wallet into its leading messaging apps could give the company a sizable advantage over banks, PayPal, Coinbase or any other potential wallet developer.

So ofcourse, implementing other wallets in their own messaging apps, will not be allowed. But Mr. Marcus testified in front of the Senate Banking Committee, that the currency could be used outside their applications in other wallets. Also, there are no plans for the Libra Association to take a role in actively vetting developers.

Stating that the "fb coin" is sh*t before it is even launched is premature, imo.

I have invested minimal money in this, and I will not be targeting Facebook for acquisitions. D'oh.

 

[DoughMayne]

We are talking about facebook here .....

Librawallets/com just sold for $3,000 btw

Hopefully I can sell LBRWallets!

 

[FirstDomainer.com]

Hopefully I can sell LBRWallet.com

All the best

 

[kammineni.com]

LibraBroadcast.com