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Topic: [2014-05-06] Western Union Obtains Alternative Currency Exchange System Patent - page 2. (Read 2764 times)

hero member
Activity: 742
Merit: 500

What a joke... what's next? Patent barter?
full member
Activity: 226
Merit: 100
Quote
YES it means that bitcoin was BEFORE the patent was filed , so bitcoin is first , and probably the patant is based on the papers of satoci nakamoto.
So good luck with this failed patent.


Again this is in regards to exchanges.  The patent even mentions Ithica hours... which is from 1991.

Think Cryptsy or Gox for that matter.
legendary
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CryptoTalk.Org - Get Paid for every Post!
bitcoin genises block is from  03/Jan/2009 Chancellor on brink of second bailout for banks[2] (genises block)
So it will be prior art , and we all know were the patent is based on.....
on nakamoto's white paper.


huh? this is regards to exchanges.

YES it means that bitcoin was BEFORE the patent was filed , so bitcoin is first , and probably the patant is based on the papers of satoci nakamoto.
So good luck with this failed patent.
full member
Activity: 226
Merit: 100
bitcoin genises block is from  03/Jan/2009 Chancellor on brink of second bailout for banks[2] (genises block)
So it will be prior art , and we all know were the patent is based on.....
on nakamoto's white paper.


huh? this is regards to exchanges.
donator
Activity: 1218
Merit: 1079
Gerald Davis
Quote
This disclosure describes, generally, methods and systems for exchanging alternative currencies. The method includes creating, at an alternative currency platform, a plurality of user accounts and receiving, from a first user in the plurality of user accounts, an alternative currency exchange offer. The alternative currency exchange offer includes one or more offer terms and associated assets. Furthermore, the method includes extending the alternative currency exchange offer from the first user to the second user, in response to receiving acceptance of the offer from the second user, verifying the associated assets of the first user and the second user, and in response to verification of the assets of the first user and second user, providing settlement of the alternative currency exchange offer.

What gibberish.  There is absolutely nothing in there that is novel or new.   As described the exchange of virtual currencies is no different than the exchange of real currencies and trying to patent a "real" currency exchange would be rejected outright.   Maybe I should patent the exchange of "digital currencies".  Copy WU patent word for word and substitute digital currencies for virtual currencies.  See it is "digital" currencies not virtual currencies so it is new and novel right?
legendary
Activity: 980
Merit: 1000
CryptoTalk.Org - Get Paid for every Post!
bitcoin genises block is from  03/Jan/2009 Chancellor on brink of second bailout for banks[2] (genises block)
So it will be prior art , and we all know were the patent is based on.....
on nakamoto's white paper.


full member
Activity: 226
Merit: 100
Western Union Obtains Alternative Currency Exchange System Patent from USPTO:
Alternative value exchange systems and methods

No Joke Patent 8,688,563 Granted on April Fools Day 2014..was Filed in October 2009

“…Methods and systems for exchanging alternative currencies…”

More Here
https://medium.com/p/23f9de5dc65e
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