Musician Kanye West has a 24-year-old Dutch student sued because he is involved in the cryptocurrency Coinye. West claims damages and wants the use of the pun is prohibited.
A number of parties involved in the cryptocurrency was already previously by West sued, but student Robbie Hontelé received Friday an e-mail that West him for the judge challenged. “Initially mentioned in the indictment my name, but Friday I got a mail with an indictment with my name in,” said Hontelé.
From the indictment it appears that West was among more wants that Hontelé and a number of others to stop using the name Coinye for the virtual currency. “There are mostly developers of Coinye-exchanges-regarded,” says Hontelé. Through which exchanges can Coinye’s are exchanged. The Dutchman is itself part of the development team of Coinye, where he is the unofficial spokesman of is.
The artist requires in addition that all the domain names with the word ‘coinye’ be transferred to you, and he wants compensation for the alleged damage that he by the existence of the cryptocurrency has suffered. The amount of compensation should be in the courtroom to be determined. Additionally, ask the West to pay punitive damages; these are damages that are not only referred to the actual damage, but also to people to scare them off. The netherlands has such damages were not; they can be very high loss.
West calls the cryptocoin in the indictment, inter alia, a “conscious infringement of trademark rights and unfair competition’. The defendants would have the right to the name and likeness of the West have ‘appropriated’ with the only purpose to the value of the Coinye currency to increase. “With every day that passed string is the reputation of the West irreparably harmed by the use of the Coinye,” reads the indictment.
The Coinye is based on the Coinye West cryptocurrency. After Kanye West a cease and desist letter to the developers of that cryptocoin sent, a new coin was being developed that the last name of West, not wore. That way would infringe on the name of Kanye West must be prevented. In addition, it showed the logo of the coin is not the normal image of West lake, but a reference to a South Park episode where West]. “We have everything from the coin taken what was infringing, and yet we have this nagging,” says Hontelé, which in the original currency was not involved.
Technically, the Coinye a Litecoin variant. “I joined the project because I don’t want someone with a strong wallet a cryptocoin from the air can get,” says Hontelé, which he refers to the artist.