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

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NickB

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

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.
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
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 😉
 
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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.
 
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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.
 
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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
 
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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? :)
 
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Just one question - there is 458 active "Libra" trademarks, 61 pending and 372 inactive TMs - how is that possible? :)
Dam you :xf.smile:, I was not going to post here again......:xf.wink:
 
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I might get burned for this, but this is my opinion and if you don't like it well just let me know :xf.smile:

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!
 
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why buy libra domains...just buy centralizedcrypto.com ;)
 
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Well anything is possible. Look I would never want another domainer to not make money, so I hope Libra does surprise all of us skeptics.

But the truth is as it stands it is a huge risk.

Good luck(y)

That depends, if you purchase 10 Libra domains at low hand-reg prices, the amount of money you've put in is next to nil, so it isn't exactly a huge loss. On the flip side, if it does turn out that there will be no TM issues, that tiny risk has paid off..?
 
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That depends, if you purchase 10 Libra domains at low hand-reg prices, the amount of money you've put in is next to nil, so it isn't exactly a huge loss. On the flip side, if it does turn out that there will be no TM issues, that tiny risk has paid off..?

Look the only thing I would say is Facebook actually purchased a trademark that specifically mentions financial/crypto services.

If Facebook had no intention of holding a trademark for these services then it would not of purchased it.

People keep saying the trademark belongs to another company. But if Facebook purchased the trademark, it doesn't matter who the previous owners were, the new owners will be Facebook.

Yes I understand people will do a few reg fees. But by the looks of it some people have been going crazy.

Like I said I would never want a fellow domainer to lose money so I hope I am wrong. But I think it's pretty straight forward. Why would Facebook be applying/purchasing these libra trademarks for the financial/crypto sector?
 
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BTW I would never want anyone to take my advice and not register something they believe in.

If people have researched and still feel OK with what they have researched, then by all means go with your head(y)
 
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Look the only thing I would say is Facebook actually purchased a trademark that specifically mentions financial/crypto services.

If Facebook had no intention of holding a trademark for these services then it would not of purchased it.

People keep saying the trademark belongs to another company. But if Facebook purchased the trademark, it doesn't matter who the previous owners were, the new owners will be Facebook.

Yes I understand people will do a few reg fees. But by the looks of it some people have been going crazy.

Like I said I would never want a fellow domainer to lose money so I hope I am wrong. But I think it's pretty straight forward. Why would Facebook be applying/purchasing these libra trademarks for the financial/crypto sector?
Facebook is building financial services around the currency called Libra. They are doing this under the brand Calibra. The TM they bought is for tax services in the blockchain and crypto industry. The head of Calibra said this week that they will roll out financial services over time such as loans and credit. Clearly they have Tax services lined up as well.

The TM does not apply to the currency called Libra, unless your in the Tax business.
 
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Facebook is building financial services around the currency called Libra. They are doing this under the brand Calibra. The TM they bought is for tax services in the blockchain and crypto industry. The head of Calibra said this week that they will roll out financial services over time such as loans and credit. Clearly they have Tax services lined up as well.

The TM does not apply to the currency called Libra, unless your in the Tax business.

Thanks for clarifying if that is the case.

WelI suppose all I got to say then about libra is "to the moon"

Good luck guys(y)
 
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Interesting that Alibaba's libra TM covers the below....

36
Insurance; financial affairs; monetary affairs; real estate affairs; clearing and reconciling financial transactions via a global computer network; online banking services and financial services; credit card services, processing and transmission of bills and payments thereof, and providing insurance for financial transactions; funds transfer services; transmission of funds by electronic means for others; transfer of payments for others via the internet; financial services in the nature of billing and payment processing services; arrangement and management of leases and tenancy; renting and leasing of real estate; real estate appraisal; real estate valuation, real estate financing, real estate investment; real estate brokerage services; real estate agency services; housing agency services; actuarial services; real estate management and consultancy services; rent collection; rental of offices (real estate); rental of apartments and flats; provision of financial information via the Internet; safety deposit and issuing of travel vouchers services; capital investments; financial evaluation [insurance, banking, real estate]; financial and asset management services; insurance and financial services; financial services provided by telecommunication means; financial consultancy and advisory services; online banking; banking services provided on-line from a computer databases or the Internet; securities brokerage services, stock exchange quotation services; stocks and bonds brokerage, financial analysis; debit card services, charge card services and cheque guarantee services; banking, savings account and investment services; financial clearing services; credit verification via global computer information network; electronic credit risk management services; electronic purchase payment and electronic bill payment services; financial accounts debiting and crediting services; electronic banking services; issuance of stored value cards, charge cards and debit cards; telephone credit cards services; information services relating to finance and insurance, provided online from a computer database or Internet; agency for collection of gas and electricity fees; antique appraisal; art appraisal; jewelry appraisal; used car appraisal; tax information supply; charitable fund raising; organizing of charitable collections; charitable collections; rental of paper money and coin counting or processing machines; rental of cash dispensers or automated-teller machines; online payment services; safe deposit services; arranging finance for construction projects; consultancy, information and advisory services relating to the aforesaid services; all included in class 36.
 
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Interesting that Alibaba's libra TM covers the below....

36
Insurance; financial affairs; monetary affairs; real estate affairs; clearing and reconciling financial transactions via a global computer network; online banking services and financial services; credit card services, processing and transmission of bills and payments thereof, and providing insurance for financial transactions; funds transfer services; transmission of funds by electronic means for others; transfer of payments for others via the internet; financial services in the nature of billing and payment processing services; arrangement and management of leases and tenancy; renting and leasing of real estate; real estate appraisal; real estate valuation, real estate financing, real estate investment; real estate brokerage services; real estate agency services; housing agency services; actuarial services; real estate management and consultancy services; rent collection; rental of offices (real estate); rental of apartments and flats; provision of financial information via the Internet; safety deposit and issuing of travel vouchers services; capital investments; financial evaluation [insurance, banking, real estate]; financial and asset management services; insurance and financial services; financial services provided by telecommunication means; financial consultancy and advisory services; online banking; banking services provided on-line from a computer databases or the Internet; securities brokerage services, stock exchange quotation services; stocks and bonds brokerage, financial analysis; debit card services, charge card services and cheque guarantee services; banking, savings account and investment services; financial clearing services; credit verification via global computer information network; electronic credit risk management services; electronic purchase payment and electronic bill payment services; financial accounts debiting and crediting services; electronic banking services; issuance of stored value cards, charge cards and debit cards; telephone credit cards services; information services relating to finance and insurance, provided online from a computer database or Internet; agency for collection of gas and electricity fees; antique appraisal; art appraisal; jewelry appraisal; used car appraisal; tax information supply; charitable fund raising; organizing of charitable collections; charitable collections; rental of paper money and coin counting or processing machines; rental of cash dispensers or automated-teller machines; online payment services; safe deposit services; arranging finance for construction projects; consultancy, information and advisory services relating to the aforesaid services; all included in class 36.
Dam you :xf.smile:, I was not going to post here again......:xf.wink:
I thought you were done posting here.

Anyway I'm assuming you're referring to this trademark. https://trademark.trademarkia.com/libra-capital-management-77684162.html
First of all it is abandoned. So none of your long list matters.
Status/Status Date:
ABANDONED - AFTER EX PARTE APPEAL
5/21/2012

Secondly, TM is for "LIBRA CAPITAL MANAGEMENT". Not "Libra". Those are two different things.
 
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I thought you were done posting here.

Anyway I'm assuming you're referring to this trademark. https://trademark.trademarkia.com/libra-capital-management-77684162.html
First of all it is abandoned. So none of your long list matters.
Status/Status Date:
ABANDONED - AFTER EX PARTE APPEAL
5/21/2012

Secondly, TM is for "LIBRA CAPITAL MANAGEMENT". Not "Libra". Those are two different things.
Can't stay away...

Finally found the link......and it is for Libra, I was taught never to make assumptions :xf.wink:

https://www.tmdn.org/tmview/get-detail?st13=EM500000014843361&lang=en
 
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@libradomains on twitter has a portfolio of over 100 libra domains for sale on flippa...We'll see if it gets any bids...some pretty good names in there!
 
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lots of wanna be lawyers on np! funny stuff
 
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