The 258-billion dollar doge co-coat against Elon Musk: Analysis of the plaintiff's arguments (OP-ED)

The 258-billion dollar doge co-coat against Elon Musk: Analysis of the plaintiff's arguments (OP-ED)

would be up for angered investors, the most successful tech startup founder and CEO in the world would now lose his fortune. The cohort of people, the "Johnson against Musk et al." Bring it in front of a US federal court in the southern district of New York, sue him at $ 258 billion.

The lawyers of Elon Musk wrote to the dish in a memo:

"The lawsuit is an imaginative fiction that does not contain an enforceable claim against the accused Elon Musk and Tesla and has to be rejected with prejudices."

Here are the reasons why this lawsuit is dubious.

Elon Musk Dogecoin-Lesklage

The process parties think they should be rewarded by US courts for unprofitable speculation investments. In addition, they want this colossal sum to be taken from the most profitable risk -friendly business magnate in history.

The process parties feel entitled to put Elon Musk under pressure because he supports the technology where they injure themselves with poor investment decisions. In her view, it is as if Mr. Musk himself had reached through the phone screen. It is not as if Musk had twisted their arm to get them to buy Dogecoin at the climax of a multi -year market cycle.

In his characteristic defiant and cheeky species, Mr. Musk ordered on Monday to reset the Twitter logo to the famous Doge meme graphic. The Dogecoin Prize exploded 25 % over the incredibly lucrative placement in one day.

The case against Elon Musk and Dogecoin is a loosely cobbled monstrosity. In addition, it is completely built up of flimsy preliminary walls and incorrect statements. For example, the lawsuit claims that Dogecoin is transfer fraud.

Dogecoin does not make a representation that is wrong or fraudulent. Users receive private keys and their keys belong to their Dogecoin. The value of Doge is determined by participants in a fair and transparent market. The course of the course of Doge after the last Bull Run was a market economy, no fraud.

Dogecoin is not an online gambling

People don't bet on the outcome of anything at Doge. Of course, people can use it for online gambling, but it is not specially designed for that. You can also use dollars, although this is not your express intent or purpose.

The only result that users "bet" is that their private keys work to output their coins. But of course this is not an online gambling game, just as little as every consumer expects a product he buys.

Doge is also not a snowball system.

Dogecoin does not promise the users, so it is not a ponzi scheme. In the history of the 10 billion dollar cryptocurrency with market capitalization, it has achieved better returns than most stocks.

But it does not promise them and offers a real, tangible service. Dogecoin is a software app created by a peer-to-peer network. Enough of the frivolous complaints.

The article the $ 258 Billion Dogecoin Lawsuit Against Elon Musk: Dissecting the Plaintiff’s Argents (op-E-ED) first appeared on Cryptopotato.

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