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RE: Remember when @Blocktrades explained how a fork is not theft and you ate that shit up like it was candy?

I won't try to deal with all the errors in this humorous but flawed analysis.

  1. LLC won't protect from criminal conspiracy charges. Courts often look behind the corporate veil even in civil cases these days and in criminal matters there is no veil at all.

  2. While community is the ultimate source of value of any currency the law does not recognise people as assets (slavery was banned long ago). In contrast things like exchange listings, coin name, retained marketing IP, retained founder support, retained web front ends etc ARE recognised by the law as determinative of which is the existing asset and which is the new one in the case of real forks like Steem / Hive. The IRS has even published something confirming this.

  3. A "fork" that just changes the code of an existing blockchain without there being two genuinely continuing blockchains being run separately is NOT A FORK AT ALL in legal terms (and normal usage of the English language). It is just a code change to an existing blockchain.

  4. You should always have a lawyer negotiate your contractor agreements for you with particular attention to IP clauses like the one you extracted above. I've negotiated 100s of such contracts in my time and I always limit over-broad IP ownership clauses. Perhaps if you were nicer to lawyers you wouldn't get shafted so much :-)

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Perhaps if you were nicer to lawyers you wouldn't get shafted so much :-)

That almost resulted in me having to clean #beer off my keyboard!

#4 is insulting for someone who lives paycheck to paycheck.
None of these people can afford lawyers at any price.

It's cool to see that an actual lawyer thinks we have a shot...
I'll believe it when I see it.
We're dealing with the crypto mafia here.
I think you're underestimating them.

Again, this is a Web 2.0 vs Web 3.0 issue.
You are thinking on a Web 2.0 wavelength.
Thing will be completely different when crypto takes over.