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Topic: [2016-7-11]Developer Claims Ethereum is Stolen Intellectual Property, Files Comp (Read 421 times)

legendary
Activity: 2184
Merit: 1024
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I'm not a lawyer, but I don't think that ideas themselves are covered by intellectual property law. It would be helpful to know exactly what he claims was stolen.

Exactly. You can't patent ideas. ETH gets successful so a money grubbing r0ach crawls out the woodwork.
legendary
Activity: 4466
Merit: 3391
I'm not a lawyer, but I don't think that ideas themselves are covered by intellectual property law. It would be helpful to know exactly what he claims was stolen.
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
...

Regardless, if you ask me, the Ethereum project will likely falter and fail in the foreseeable future. ...

ya.ya.yo!

I think so also. ETH was the banks reaching the "alt-coin" level of understanding. They will hate to admit they were wrong, but I think they will be back.
legendary
Activity: 1806
Merit: 1024
Very interesting story that fully lives up to the premium drama standard we all enjoy in the Cryptocurrency news scene... Cheesy

It might be difficult to decide if Mimms' claims are justified or not. However I would not be surprised if they were. A different question is, if the "stolen ideas" can be considered an integral part of the Ethereum project.

Regardless, if you ask me, the Ethereum project will likely falter and fail in the foreseeable future. It is too complicated and insecure to be successfully maintained and marketed. Its features will be absorbed by multiple Bitcoin 2nd-layer projects like rootstock, that are tailored to specific usage scenarios and are leveraged by the network effect of Bitcoin as the strongest and most supported cryptocurrency.

ya.ya.yo!
full member
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Merit: 100
After claiming he’d filed formal complaints with the FBI, the man who alleged that Ethereum is his stolen intellectual property says he is making his first attempt to contact the media about the theft.

Although Vitalik Buterin is the identified brain behind the Ethereum project which has gained notoriety especially for its smart contract feature, Jared Mimms claims that Buterin stole his idea.


http://cointelegraph.com/news/developer-claims-ethereum-is-stolen-intellectual-property-files-complaints-with-fbi
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