2013-12-30 eBay Files Patent Application for Programmable Money

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: daviducsb on January 01, 2014, 01:57:49 AM

OK so this is probably an evident question but I'm going to ask it anyways because I don't know the answer.

Does bitcoin via its shared platform have built in patent protection? Are patents being filed when the developers come up with new functions? Can corporations effectively steal bitcoin's technology?

I'm guessing that with all the VC money floating around, the answer to the last question is no, but if anyone can elaborate that would be great.

"Can corporations effectively steal bitcoin's technology?"

No, because bitcoin got there first. You can't file patents for technology already invented and in use. Some may try though ;-)

daviducsb

full member

Activity: 155

Merit: 100

OK so this is probably an evident question but I'm going to ask it anyways because I don't know the answer.

Does bitcoin via its shared platform have built in patent protection? Are patents being filed when the developers come up with new functions? Can corporations effectively steal bitcoin's technology?

I'm guessing that with all the VC money floating around, the answer to the last question is no, but if anyone can elaborate that would be great.

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: solex on December 31, 2013, 09:37:56 PM

Quote from: empoweoqwj on December 31, 2013, 09:27:28 PM

These kind of patents show how genius bitcoin really is. Also shows eBay is unlikely to be adopting paypal but rather trying to compete with it.

Ebay owns PayPal. The question is whether it orders PayPal to integrate Bitcoin, or not.

Apologies, I mispoke. I meant to say "Also shows eBay is unlikely to be adopting bitcoin" - oops!

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Quote from: empoweoqwj on December 31, 2013, 09:27:28 PM

These kind of patents show how genius bitcoin really is. Also shows eBay is unlikely to be adopting paypal but rather trying to compete with it.

Ebay owns PayPal. The question is whether it orders PayPal to integrate Bitcoin, or not.

empoweoqwj

hero member

Activity: 518

Merit: 500

These kind of patents show how genius bitcoin really is. Also shows eBay is unlikely to be adopting paypal but rather trying to compete with it.

aigeezer

legendary

Activity: 1450

Merit: 1013

Cryptanalyst castrated by his government, 1952

Quote from: row5_seat47 on December 30, 2013, 05:48:22 PM

June 18, 2012.

Meh.

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

Quote from: bryant.coleman on December 31, 2013, 09:02:11 AM

Quote from: freedomno1 on December 31, 2013, 05:56:51 AM

@Byrant : Two faces
One: WHY DIDN'T WE THINK OF THAT
Two: Lets make our own we can't promote our enemies products

Well.... let them make their own digital currency. But JP Morgan failed to do the same just a few days ago. What makes them think that they might be able to achieve it?

They have Paypal so they already do online commerce, possible extension to their system as an alternative to the Bitcoin Network, similar to the closed ecosystem idea with a bunch of internal bitcoin based clients for their companies products with private keys that can only be used with their services replacing Gift Cards as secure without time limits or monthly fees for having the cards on standby, then sell them in store do huge PR for them offer discounts for using them yada yada yada
But that's speculation

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Quote from: freedomno1 on December 31, 2013, 05:56:51 AM

@Byrant : Two faces
One: WHY DIDN'T WE THINK OF THAT
Two: Lets make our own we can't promote our enemies products

Well.... let them make their own digital currency. But JP Morgan failed to do the same just a few days ago. What makes them think that they might be able to achieve it?

row5_seat47

full member

Activity: 226

Merit: 100

Not that the fool wants to cite their sources...

The source of the fool article was
http://letstalkbitcoin.com/jpmorgan-chase-building-bitcoin-killer/#.UsK3LvRDuKw

oakpacific

hero member

Activity: 784

Merit: 1000

These are all trivial things that could be done with a small subset of Bitcoin functionalities.

If anything it reminds me how awesome it's for Satoshi to gift the world with Bitcoin, which would have allowed a corporation to apply for and be granted thousands of patents if it were to be created by one.

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

? Didn't someone else already file a similar application or am I just having a case of deja-vu
http://www.fool.com/investing/general/2013/12/16/did-jpmorgan-just-kill-bitcoin.aspx#.UsKiYfRDv-t

Guess its JPMorgan vs Ebay unless I am reading this incorrectly
Also Mastercoin and colorcoin are similar to both of these patents so were in for a fun time

@Byrant : Two faces
One: WHY DIDN'T WE THINK OF THAT
Two: Lets make our own we can't promote our enemies products

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Whenever a Bitcoin-related item is listed on Ebay, they are quick to take it down and ban the user. Then why is this sudden love for the digital currency?

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Quote from: row5_seat47 on December 30, 2013, 05:48:22 PM

“…Products can be specified for which the token cannot be used to purchase. For example, a limitation upon the use of the token can specify that the token cannot be used for the purchase of alcohol or cigarettes.

Oooh Goody! Censorship built into money, there really are some Einstein-geniuses out there. The world is going to embrace CensoredCoin like sliced bread. (Not!)

FFS. This is the mainstream answer to Bitcoin?

BeepBeep2

full member

Activity: 184

Merit: 100

eBay Files Patent Application for Gimped Money

Mike Christ

legendary

Activity: 1078

Merit: 1003

Have they heard of this thing called Bitcoin?

row5_seat47

full member

Activity: 226

Merit: 100

Gift giving during the holidays just took on a whole new meaning. eBay, the parent company of PayPal, filed patent application 20130339188, “Gift Token” with the United States Patent and Trademark Office (USPTO) on June 18, 2012. The USPTO published the application on December 19, 2013. The technology was invented by its engineers from Tamilnadu, India and assigned to eBay Inc. of San Jose, California.

“…Products can be specified for which the token cannot be used to purchase. For example, a limitation upon the use of the token can specify that the token cannot be used for the purchase of alcohol or cigarettes. Rather than not allowing such items altogether, a limit can be placed on the amount of such purchases in a given time period. For example, $20 worth of beer and $10 worth of cigarettes can be purchased in one week…”
Shocked

http://bitcoinmagazine.com/9218/ebay-files-patent-application-programmable-money/

Topic: 2013-12-30 eBay Files Patent Application for Programmable Money (Read 2851 times)