Founder of Uphold (former Bitreserve) is a trademark troll. In 2014 he secured bit-related trademarks and uses his patents to seize domains and destroy or hinder other bitcoin related businesses.
Due to the recent post regarding uphold threatening to sue Andreas Antonopoulos! I think it's time for me to reveal what happened to me in 2015. I am the owner of the domain bitreserve.com, registered in February 2011. I was an early adopter of bitcoin and bought the domain with the intention of setting up a wallet service for transferring BTC similarly to what e-gold did back in its days. Due to illness, I did not release the wallet as of now. A couple of years after I bought the domain, the now bankrupt ex-billionaire Halsey Minor discovered bitcoin, and unfortunately for me, decided that he liked the name “BITRESERVE”. He bought .org, .net. At first, this was not an issue. In 2013 we had an e-mail correspondence talking about our businesses, and Halsey asked if I was willing to sell the domain to him. I had at the time began the work on bitreserve and did not want to select another domain, so I refused repeatedly. Eventually I gave in and told him a big sum of money to make him stop bothering me for the domain. After a short reply indicating that he was offended, there was silence. Skip ahead until May 2015 when out of the blue I received this threatening letter from his lawyer, demanding that I give him the domain free of charge, because according to him, I was, in “bad faith”, profiting off his trademark (since I wasn't using the domain at the time I had it redirect to a non-profit open source project (getmonero.org)). Furthermore, he let me know in very clear terms that he would use the law against me if I ever tried to launch my bitreserve service on bitreserve.com. After some research I discovered that Halsey had grabbed a bunch of trademarks in 2014 and was now using them in an attempt to steal from others.
The BITRESERVE logo
Notice how they have secured a trademark on “bitgold” ? That term goes way back into the 90s cryptographer Nick Szabo. In an e-mail from January 2015, Bitreserve said that it will sue bitgold.com (another Canadian based bitcoin exchange) into oblivion once they launch their service. The fact that they have even trademarked bitelectrum tells a lot about their ill intentions. Bitshares has since long established with bitusd etc, a topic discussing the possibility of Uphold to steal it can be found here. It turns out the founder Halsey Minor has a history of being extremely litigious, in addition he bailed on his debt and declared bankruptcy in 2013, after apparently losing his fortune on bad investments, art, hotels/real-estate and unfinished projects (and losing lawsuits?). The new CEO of Uphold (Anthony Watson) is no better when it comes to legal threats and threaten to sue me if I use the domain for anything. Halsey Minor does not believe in bitcoin at all, to quote him "Bitcoin will not exists in 5 years". And the fact that the current CEO calls Andreas a "random he has never heard of" speaks volumes. I urge you all to not support a company run by these individuals. In fact I wouldn't trust them to keep your money safe *.
Bitreserve / Uphold Service has seized my bitcoins.
Uphold, formally known as Bitreserve has frozen my account preventing me from transferring my bitcoins out of the account. When I log in it now says that I've exceeded their $1000 transaction limit and prompts me to send them a copy of my government issued ID. I opened a support ticket a week ago. A few days later sent them another message under that support request. Its been over a week and I've received no response to my questions and concerns. There is over $1000 in my account. I was aware of some sort of transaction limitation if I didn't provide them with an ID. Although I'm not aware of a term agreement allowing them to hold my bitcoins indefinitely. This situation materialized by no action of mine. The bitcoins have been sitting in the account for months without any transaction. It seems like they instituted a new policy, locking all accounts that have not provided them with an ID. Uphold, Inc. = Unethical business practices and non existent customer support. Screen capture of my account dashboard: http://www.fileconvoy.com/dfl.php?id=gabf48af83aac9adc99978026121b81cd4edbf2a51
The following post by viscomtesse is being replicated because the post has been silently greylisted. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7ta7aw The original post's content was as follows:
Ahora que el dolar está subiendo a 17 pesos... una forma de preservar el valor de tu dinero usando Bitcoin y Bitreserve.
Les dejo una excelente forma de preservar el valor de sus pesos usando Bitreserve. Solamente tienes que seguir estos pasos: 1. Abre una cuenta en Bitreserve.org—solamente requieres un teléfono móvil y un correo electrónico.. 2. Compra Bitcoin. Busca las opciones disponibles para tu país aquí: http://howtobuybitcoins.info/ o ve a localbitcoins.com. 3. Manda el bitcoin a tu cuenta de Bitreserve. Transfiere tu bitcoin a la tarjeta de la divisa que prefieras en Bitreserve. Puedes escoger entre, Dólares, Oro, Plata, Euro, Yen, Yuan, Franco Suizo, etc Ahora to riqueza está fuera del sistema bancario, resguardada en un valor estable que tú has elegido, en la nube. Nota: Cero costo por cambio de divisas (salvo en el caso de metales). Más sobre Bitreserve aquí: Zero Cost, Zero Fees How to Cross a Border Techcrunch news Forbes news Reddit how does Bitreserve work Reddit AMA with Head of Product Benecficios: Guardar tu dinero como valor estable en la nube. 0 costo por cambiarlo por otras divisas. Nadie lo puede tocar y tienes control total sobre él. No más riesgos por guardar dinero en efectivo o en un banco que pueda colapsar. Manda dinero usando Bitreserve, a quien sea, de manera inmediata, y gratuita, tan fácil como mandar un correo. Si necesitas efectivo, revierte el proceso usando bitcoin. No se requieren bancos y ningún gobierno puede tocar tu dinero. Muy corta exposición a la volatilidad del Bitcoin. Prueben y díganme que opinan.
Bitreserve seems to understand the world-changing potential of digital money, showing its commitment by helping people take advantage of Bitcoin. The firm believes that by helping to remove billions of dollars in fees and commissions charged by financial institutions, it is creating a more fair and equitable world. Bitcoin: Bitreserve's Rebranding Re-Ignites an Old Debate. Contributor. ... It is quite possible that the distributed ledger idea behind Bitcoin that is known as the blockchain can have other ... Contractually, Bitreserve currently owes you the bitcoin equivalent of any of the virtual assets we enable. You can convert your gold, usd, eur, etc back to BTC and send it out of our system. That's because we're currently BTC in/out. We are gearing up to turn on fiat-in/fiat-out all over the world. Bitreserve – started this summer by Halsey Minor, former CNET founder turned investor – works by emphasizing the use of Bitcoin as a mode of transmission as opposed to a currency, or more to ... Bitreserve relaunches with a new name, Uphold, and new options beyond bitcoin.
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