information Why buying Libra names is NOT a good idea....

[NickB]

I might get burned for this, but this is my opinion and if you don't like it well just let me know

For anyone on the Libra is a constellation or old Roman weight bandwagon and it is all fine and dandy to register Libra names for resale because it's a generic word you have entirely missed the point.

You have registered these names to try and sell to companies who will be working in the same space as them, I mean way over 1000 plus registrations within a week AFTER the Facebook announcement.

Are people are going to plead ignorance to this and say I got this name for a sky mapping project or I am a big fan of Roman weights? Come on, you don't become a multi billion pound company by not aggressively defending your Brand.

Also Facebook have acquired trademarks which predate their announcement....... just in case you grabbed some names before then.....

The Korean Intellectual Property Office rejected Facebook's application on the 9th May for Libra as there were already 4 trademarks in use within South Korea.

"Industries which KIPO cited as being pre-registered include:
-management of investment portfolios
-online financial planning service, data tracking of cryptocurrency transactions for accounting surveillance and monitoring agency service
-online project development management service and support service for others’ startups."

On top of the above LG also had a trademark for Libra watch which was cited as well.

"The Libra trademark had also belonged to other companies in the United States, but Facebook acquired the rights to the trademark in the U.S. from those other companies."

https://thenews.asia/en/2019/06/21/south-koreas-lg-owns-trademark-to-libra-in-korea

So if Facebook can not Trademark it's own currency name in a country what do think the chances are that any other company working in this space will want to buy these names and face getting sued?

This does not even include all the Trademarks for Libra in other sectors.......There are 458 active "Libra" trademarks, 61 pending and 372 are inactive according to the WIPO global brand database.

I am personally glad not to be involved in this space, I did have a day or 2 of thinking about grabbing some names but decided it would not be worth the risks......

Right, that is my mini rant, lecture, release however you want to see it over.......could do with a beer now.

 

[frank-germany]

I might get burned for this....

right

but you are correct
who will be able to create a legal business with these names?
and benefit from the hype.

not an easy task

 

[lambo.com]

Registering Libra domains is such a pleb thing to do.

 

[55Domains]

well ive taken worse bets in life.

 

[anunt]

i registered WhatisLibra.com

Taking this $8.47 bet is not going to kill me

it’s just for fun...

It’s not always about re-selling the domain

you can always create a website on that domain and make lots of money

 

[d-e-x]

Libra is safe, no probs at all, Calibra is different story.
If Facebook want to protect his brand they need to acquire all 458 active "Libra" trademarks, 61 pending and 372 inactive TMs. That is not possible. Now, if someone who already have TM Libra want to fuck Facebook he can because he's TM is first.

 

[frank-germany]

Libra is safe, no probs at all, Calibra is different story.
If Facebook want to protect his brand they need to acquire all 458 active "Libra" trademarks, 61 pending and 372 inactive TMs. That is not possible. Now, if someone who already have TM Libra want to f*ck Facebook he can because he's TM is first.

due diligence, my friend

 

[Larion]

Now, if someone who already have TM Libra want to f*ck Facebook he can because he's TM is first.

like ALIBABA ?

https://euipo.europa.eu/eSearch/#details/trademarks/008140733

 

[okmachan]

Not my sale.

 

[myfavorite]

Not my sale.

Compared to the title of this thread. Lol

 

[Bla2e]

Even I feel a little bit off now as Libra might not be the next big hit.

I registered TheLibraTalk (com/net/org) and now I am selling it for a reasonable price (not low ballers) as I feel unless someone grabs the early market only then can dominate afterwards.

 

[NickB]

Gave my opinion and as I said it is mine to share as this is a forum, great to have people in favour and those not in favour contribute in a constructive way, apart from the one who is now on my ignore list........

I am

Compared to the title of this thread. Lol

Who bought it?
Will it be a business? Time will tell
Does not change a thing....still a TM, not just with FB but every other company who trademarked Libra in all the classification categories...

The lack of understanding on this is ridiculous and I will not posting on this thread again as people who have these types of names have their opinion and i have mine and that is not going to change because of a few sales....if your looking for justification Libra fans I suppose you have it now

 

[BrandEntrance.com]

this makes no sense at all. what about a company called libra laundry with a tm ?? would they not have the legal right to sue samsung then since they too use libra and have a tm?

Only if Libra Laundry have also included Mobile Telephones, IT and Networking in their Clothes laundering business.

These are two entirely different things. Also the Laundry Co will only be able to TM their logo. They can't TM doing laundry or Dry Cleaning.

Samsung don't do laundry so they are not interested or threatened by the Libra Laundry or vice versa.

When it comes to TM.
1. You don't have to have a TM for every variant to state that your rights have been infringed upon. (Conflicts with Nr.2 I know)
2. TM's are issued for specific usage areas. Not every single thing ever thought of.
3. Trademark law protects distinctive words, phrases, logos, symbols, slogans, and any other devices used to identify and distinguish products or services in the marketplace.
4. Trademark "ownership" is not absolute. You can use the TM for editorial, informational and educational use or for comparing products. I have LibraPrimer.com.
5. And finally, the guys with the most money WIN, if recent history teaches us anything.

 

[BrandEntrance.com]

An aspects of domain name space, fb can always refer to libra as unregistered tm, if they so wish. It would still be TM for lets say UDRP purposes.

They can't use TM without approval. That is illegal. When it is granted they can stick TM beside it and then do things.

 

[tonyk2000]

They can't use TM without approval. That is illegal. When it is granted they can stick TM beside it and then do things.

As per WIPO Overview of WIPO Panel Views on Selected UDRP Questions, Third Edition (“WIPO Jurisprudential Overview 3.0”):

The term “trademark or service mark” as used in UDRP paragraph 4(a)(i) encompasses both registered and unregistered (sometimes referred to as common law) marks.
(quote end)

Source:

https://www.wipo.int/amc/en/domains/search/overview3.0/#item11

 

[d-e-x]

Gave my opinion and as I said it is mine to share as this is a forum, great to have people in favour and those not in favour contribute in a constructive way, apart from the one who is now on my ignore list........

I am

Who bought it?
Will it be a business? Time will tell
Does not change a thing....still a TM, not just with FB but every other company who trademarked Libra in all the classification categories...

The lack of understanding on this is ridiculous and I will not posting on this thread again as people who have these types of names have their opinion and i have mine and that is not going to change because of a few sales....if your looking for justification Libra fans I suppose you have it now

Just one question - there is 458 active "Libra" trademarks, 61 pending and 372 inactive TMs - how is that possible?

 

[NickB]

Just one question - there is 458 active "Libra" trademarks, 61 pending and 372 inactive TMs - how is that possible?

Different classifications and different jurisdictions.......

https://www.quora.com/How-can-there-be-multiple-trademarks-listed-by-the-USPTO-for-the-same-word

https://mashable.com/2014/06/25/trademark-faq/?europe=true

 

[NickB]

Just one question - there is 458 active "Libra" trademarks, 61 pending and 372 inactive TMs - how is that possible?

Dam you , I was not going to post here again......

 

[d-e-x]

Dam you , I was not going to post here again......

Sorry no more questions

 

[NonHipster]

I might get burned for this, but this is my opinion and if you don't like it well just let me know

For anyone on the Libra is a constellation or old Roman weight bandwagon and it is all fine and dandy to register Libra names for resale because it's a generic word you have entirely missed the point.

You have registered these names to try and sell to companies who will be working in the same space as them, I mean way over 1000 plus registrations within a week AFTER the Facebook announcement.

Are people are going to plead ignorance to this and say I got this name for a sky mapping project or I am a big fan of Roman weights? Come on, you don't become a multi billion pound company by not aggressively defending your Brand.

Also Facebook have acquired trademarks which predate their announcement....... just in case you grabbed some names before then.....

The Korean Intellectual Property Office rejected Facebook's application on the 9th May for Libra as there were already 4 trademarks in use within South Korea.

"Industries which KIPO cited as being pre-registered include:
-management of investment portfolios
-online financial planning service, data tracking of cryptocurrency transactions for accounting surveillance and monitoring agency service
-online project development management service and support service for others’ startups."

On top of the above LG also had a trademark for Libra watch which was cited as well.

"The Libra trademark had also belonged to other companies in the United States, but Facebook acquired the rights to the trademark in the U.S. from those other companies."

https://thenews.asia/en/2019/06/21/south-koreas-lg-owns-trademark-to-libra-in-korea

So if Facebook can not Trademark it's own currency name in a country what do think the chances are that any other company working in this space will want to buy these names and face getting sued?

This does not even include all the Trademarks for Libra in other sectors.......There are 458 active "Libra" trademarks, 61 pending and 372 are inactive according to the WIPO global brand database.

I am personally glad not to be involved in this space, I did have a day or 2 of thinking about grabbing some names but decided it would not be worth the risks......

Right, that is my mini rant, lecture, release however you want to see it over.......could do with a beer now.

So true!

 

[Aroon Bhattia]

why buy libra domains...just buy centralizedcrypto.com