Coinbase CEO Brian Armstrong is accused of being a profit scammer

How would you react if you realized that someone was posting something like your own revolutionary idea?

one Letter of complaint was filed in California on Friday (December 17) by MouseBelt Labs, a blockchain accelerator, claiming Coinbase CEO Brian Armstrong stole the project.

The reason for the controversy is that Knowledgr, a blockchain platform focused on disseminating scientific work, aims to use tradable tokens as a form of incentive.

Knowledgr: A great idea with a ruthless inventor

Knowledgr is being developed by Patrick Joyce with technical and financial support from MouseBelt. MouseBelt began communicating with Joyce in 2018, but it wasn’t until May 2019 that the two completed the process and began working together.

Relationships initially ran smoothly. Joyce has met its previously set goals and MouseBelt has met its contractual obligations. Everything changed, however, when Brian Armstrong, CEO of Coinbase, showed up.

According to the lawsuit, Armstrong was secretly working on a similar project: ResearchHub, and in light of Knowledgr’s advances, Mousbelt alleged that Armstrong had embarked on an illegal route rather than the company acquiring Knowledgrs as an incentive to pass on resources to advance its own project, for the time and money to save.

“The intent of Armstrong and the other defendants was to steal the MouseBelt project for themselves, not only to eliminate potential competition, but also to take advantage of ResearchHub’s design, financial and engineering resources and technology that MouseBelt provides has integrated to provide Knowledgr, which will enable ResearchHub to bring a successful platform to market earlier at a lower cost, but based entirely or primarily on the work of MouseBelt. “

Coinbase and Brian Armstrong are playing the power game

Although Knowledgr was still in the early stages of development at this point and Armstrong’s project was just an idea just beginning to take shape, one thing is certain: ResearchHub is up now and Knowledgr is not. Lawsuit filed by MouseBelt, and Armstrong is responsible.

If Armstrong publish Article, “Ideas for Improving Scientific Research,” he urged anyone interested to share ideas to get in touch, and Patrick Joyce was one of those who wrote to him.

Since then, after a series of emails and under pressure from Armstrong, Joyce began sharing more and more information about Knowledgr, to the point where he was working side by side on two projects.

After all, Joyce spent more time on Armstrong’s project than on MouseBelt.

MouseBelt claims Patrick Joyce delayed achievement of his goals, withheld the true state of his relationship with Armstrong, took the Knowledger website offline, closed critical information and open source, and refused to release the Knowledgr testnet.

In the end, Joyce ended its partnership with ResearchHub and MouseBelt sued Armstrong and its companies in connection with the launch of ResearchHub for fraud, willful interference in contractual relationships, willful interference with potential economic benefits, negligent interference with potential economic benefits, illicit enrichment.

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