The fork of STEEM got C&D Letter

in cryptocurrency •  2 years ago 

HIVE Blockchain Technologies Ltd from Canada noticed the fork and published a C&D notice letter -

HIVE Blockchain Technologies Ltd. (TSX.V : HIVE) (OTCQX : HVBTF) (the “Company” or “HIVE”) announced today that its legal representation has requested that a new blockchain cease and desist from using the name Hive and Hive Blockchain for its new hard fork of the Steem blockchain (the “Blockchain”).[i] [ii]

In response to multiple shareholder inquiries understandably confused by this Blockchain’s announcement, HIVE clarifies that it has no association with this Blockchain. HIVE believes this Blockchain’s use of “Hive” and “Hive Blockchain” is, intentionally or otherwise, confusing with the Company’s brand, which it has used globally over the Internet in relation to its connection with blockchain-related goods and services including cryptocurrency. This Blockchain’s use of the same brand in connection with similar goods and services also passes off on the goodwill that HIVE has developed.

“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.”

HIVE was the first publicly listed blockchain infrastructure company and provides a pure-play blockchain investment for the capital markets. The Company is a growth-oriented, publicly-listed company building a bridge from the blockchain sector to traditional capital markets by providing shareholders with exposure to the operating margins of digital currency mining as well as a portfolio of crypto-coins. Since 2017, HIVE has owned digital currency mining facilities that produce newly minted digital currencies like Ethereum and Ethereum Classic. The Company has also mined other digital currencies in the past including Bitcoin as well as other crypto-coins. The Company was one of the earliest ways for investors to gain exposure to businesses in this space.

Original text if something gets changed.


Surely an interesting situation. I have no idea about name copyrights and if making a blockchain registered name is same as mining registered name. Time will tell.


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Maybe should of been a little bit more creative with the name. I even saw that somebody brought this up, and the hive team went ahead with it anyways. Just shows you that this thing was very rushed.


It is important to always check that when you come with a name.

Exit scam alert! It could be part of the Bee's scammy plan all along.

Some of the front runners came across as very slippery when I was listening to the Town Halls and many other audio recordings available.

Watch this space...

no due diligence? no surprise

seems kinda silly. They're a mining company, whereas Hive is a blockchain, so... yeah. Different thing.

yeah but... if its an international trademark ... i don't think it matters if its a different thing.
the confusion would still be there, especially since its in the same industry - (my guess)

Yeah I think you're right. They trademarked Hive blockchain for a reason.

they claim that their customers are already asking if they are associated with the steem/hive controversy.... and they want to protect their name from anything that could be perceived negatively.

Maybe that's true - or maybe not - but it is definitely their right to protect themselves.

however... LOL they might be getting MORE publicity BECAUSE of the controversy! You know what they say "No such thing as negative publicity" lol

We can't use name Mc Donald's, even if it's not blockchain.

Shit - that was gonna be my suggestion!

“As an early leader in the blockchain sector, we have invested significant amounts of money in developing our brand ..."

Well i didn't know they existed, and i am neck deep in blockchains and crypto currencies.

So, i guess their "significant investment" wasn't used very well.

hmmm so I wonder what happens if they don't comply... i'm also not familiar with this... but it's clear - they want a name change.

and - at this point - after all this marketing? I think that is unlikely.

another standoff on the horizon???

If I'm mistaken, non-chinese / russian mining companies are running at razor thin profitability maybe at loss. Older gen hardware isn't power efficient. Hope HIVE Blockchain Pte. Ltd has a piggy bank to stay afloat. How does a C&D from Canada be enforce on blockchain witnesses operating else where?

It's an Ltd.
They are not even allowed to print their name without Ltd. in it.
We are bunch of peeps running software on their PC without any company, CEO or spokesperson behind us, they are offering blockchain services. That does not sound similar to me.

I’m not a copyright expert but this is worrying - Hive should consider rebranding ASAP.