Synapse Foundation (SynapseMarket) accuses Synapse AI of Infringement

Yesterday (September 25, 2017) we published our article about Synapse AI – Decentralized Data and AI Marketplace.

Today (September 26, 2017) at 04:25 (UTC+2) we received an e-mail from the Synapse Foundation which requested us to remove the article about Synapse AI.

At 04:15 (UTC+2) Eric Dixon from the Synapse Foundation commented on the article about Synapse AI. This comment wasn’t yet published but will be quoted here:

A warning to the crypto/blockchain community: These people are serial crypto failures who are frontrunning another token sale by an existing organization, Synapse Foundation. They’re using a nearly identical knockoff corporate name, knockoff token name, knockoff mission and scheduling their sale for the same date. Compare Synapse Foundation (announcement on BitcoinTalk July 25, 2017; Github August 4, 2017; White paper first published at http://www.synapsemarket.com around July 23, 2017; Foundation website (synapsemarket.com) launched July 2017; Foundation granted legally organized status August 16, 2017 in Isle of Man.

Now compare AI Synapse second-in-time, knockoff efforts throughout: Its announcement on BitcoinTalk September 22, 2017 — three days ago); Github September 18, 2017 — one week ago; its white paper gives no date, no specificity; its terms of service contain typographical errors not customary in legal documents or documents drafted or prepared by lawyers or other knowledgeable professionals (and in fact it appears identical to the Asteria terms of service); its privacy policy states a last-edited-date of September 8, 2017 and its website has irregularities. First, it lists an address of 427 Stockton Street #509, San Francisco, California 94108, which upon inquiry, turns out to be the same address for a different planned cryptocurrency called Stardust, with many of the same individuals involved. I further note the related stardust website at https://getasteria.com/stadust-cryptocurrency-legal (note the typo in the URL, “stadust” instead of “stardust”).

Second, the website gives its corporate name as Synapse AI, Inc. The closest California legal entity listing (based on the address, which would cover California corporations and out of state corporations “doing business in” or otherwise registered in California) is Synapse.AI, Inc., which was formed in 2015 and whose current status is “SURRENDER.”


We talked to Dan Gailey (CEO of Synapse AI) about these accusations:

A warning to the crypto/blockchain community: These people are serial crypto failures who are frontrunning another token sale by an existing organization, Synapse Foundation.

Dan Gailey: “Serial Crypto Failures? lol We forked bitcoin and were going to ICO last year, but nobody knew what an ICO was. We were doing more educating than fundraising, so we delayed the project.

Frontrunning? We’re just outpacing this company that came after us, and is an obvious clone of our style/idea/vision.”

They’re using a nearly identical knockoff corporate name, knockoff token name, knockoff mission and scheduling their sale for the same date.

Dan Gailey: “Literally the opposite.”

Compare Synapse Foundation (announcement on BitcoinTalk July 25, 2017; Github August 4, 2017; White paper first published at http://www.synapsemarket.com around July 23, 2017; Foundation website (synapsemarket.com) launched July 2017; Foundation granted legally organized status August 16, 2017 in Isle of Man.

Dan Gailey: “We launched SynToken.com on Jun 2nd and have been talking about it at various Crypto Currency meet-ups around the bay area, most of which were streamed live to facebook groups.

They must have been watching our progress.”

Now compare AI Synapse second-in-time, knockoff efforts throughout: Its announcement on BitcoinTalk September 22, 2017 — three days ago);

Dan Gailey: “Sure, we were just second to post to the bitcointalk forum, doesn’t negate any other work or talks we’ve given in the crypto community.”

Github September 18, 2017 — one week ago;

Dan Gailey: “They’re referring to our Synapse Org account. All of the code so far has been in private repos on my personal account.”

its white paper gives no date, no specificity;

Dan Gailey: “It’s versioned.”

its terms of service contain typographical errors not customary in legal documents or documents drafted or prepared by lawyers or other knowledgeable professionals

Dan Gailey: “Sorry we made a typo.”

its privacy policy states a last-edited-date of September 8, 2017

Dan Gailey: “moot.”

First, it lists an address of 427 Stockton Street #509, San Francisco, California 94108, which upon inquiry, turns out to be the same address for a different planned cryptocurrency called Stardust, with many of the same individuals involved.

Dan Gailey: “See above. Our first currency we were going to launch was called Stardust, back last year. But unfortunately the world wasn’t ready for it.

Also, want to send a big shout out to everyone that supported that project.”

I further note the related stardust website at https://getasteria.com/stadust-cryptocurrency-legal (note the typo in the URL, “stadust” instead of “stardust”).

Dan Gailey: “Again, sorry for the typo.”

Second, the website gives its corporate name as Synapse AI, Inc. The closest California legal entity listing (based on the address, which would cover California corporations and out of state corporations “doing business in” or otherwise registered in California) is Synapse.AI, Inc., which was formed in 2015 and whose current status is “SURRENDER.”

Dan Gailey: “That’s because we’re incorporated in Delaware, not California. File number 6550718”


Dan Gailey: “also the earliest appearance of us talking about Syn Token is here: https://www.facebook.com/ahalyakethees/videos/10150855491344975/?permPage=1&ifg=1

on July 11th

We were talking about Synapse + SYN Token well before July 11th, And they registered SynapseMarket on July 18th.

Proof is in the video.”


Notes: 

 

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