Cease and Desist Hard Fork Hive
More trouble for the Hard Fork Hive that want to steal Steemit from Justin Sun.
Frank Holmes Interim Executive Chairman
"As an early leader in the blockchain sector, we have invested significant amounts of money in developing our brand and educating the capital markets on blockchain technology and cryptocurrencies," explained Frank Holmes, Interim Executive Chairman for HIVE. "We are a strong supporter of innovation within blockchain technology, and we have no issue with the proposed blockchain beyond its name, nor do we have any opinion on its reported dispute related to Steem. However, for legal reasons, we have no option but to seek to protect our interests, dispel the ongoing confusion and avoid any potential damage to our reputation. We are hopeful this can be easily resolved with a name change. Any continued usage by the Blockchain will only evidence an intentionally predatory, misleading and fraudulent strategy."
Canada-based firm Hive Blockchain announced in a 23 Mar press release that its legal representation is issuing a cease and desist request to the Hive community because its use of the term "Hive" creates confusion around its branding, and claims that the Steem fork is benefiting from "goodwill" the firm has cultivated.
https://www.newswire.ca/news-releases/hive-blockchain-requests-cease-and-desist-from-new-steem-community-hard-fork-using-same-name-898479100.html
I am wondering if there is a legal case to be made regarding the forking the Steemit inc Stake and all the accounts stakes and keeping it for themselves?
Do you have any thoughts on that ?