Coinbase hit with proposed trademark lawsuit over Nano derivative products
NanoLabs has filed a trademark infringement lawsuit against crypto exchange Coinbase for its Nano Bitcoin futures contract and Nano Ether futures contract.
The base nature of Conbase exposed, once again.
In the Feb. 24 filing with the California Northern District Court, NanoLabs alleged Coinbase’s Nano Bitcoin futures contract and Nano Ether futures contract products infringe on trademark rights owned by them.
It also alleges that Coinbase had full knowledge of the Nano digital currency before launching its products due to correspondence between the two companies starting in 2018, which later resulted in Coinbase allegedly denying NanoLab’s application to list Nano on Coinbase.
Thing is, "nano" is a real word, a Latin prefix meaning "dwarf", and used in the sciences in words such as nanotech and nanometre, and so on.
IMO, to write "Nano Bitcoin Futures", with a capital N, is just plain malicious. If they actually are at the nano-scale, then write them as "nanoBitcoin"; thing is, they are not nano, they are just 1/100th of a Bitcoin - a centiBitcoin!
This abuse of meaning is not isolated to Conbase, with IB's Micro Bitcoin Futures also just a marketing name.
So, as "Nano" does not mean "nano", and is purely a marketing name, then I'm with NanoLabs on this one.
esp the claim conbase also uses Nano on its own.
what could they call them?
Pixie Bitcoins
DBased BTC