maybe bitcoin should Patent cryptocurrency?
Yeah, and the exchange of tokens representing a commodity over the internet. Hmm.... 
Topic: Apple Digital Credits Patent - page 2. (Read 2828 times)
Good thing bitcoin isn't used in the USA only, then. 
maybe bitcoin should Patent cryptocurrency?
wait a minute who is "bitcoin" ?
wait a minute who is "bitcoin" ?
Facebook has clearly been using digital credits already, so it could be considered prior art, and may invalidate Apple's patent.
The patent was from 2006 though =/
Seems a wildly broad patent - it'd have ramifications far wider than Facebook.
Facebook has clearly been using digital credits already, so it could be considered prior art, and may invalidate Apple's patent.
Fucking Apple can suck it with all their goddamn patents.
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But what about Bitcoin? Would Bitcoin be immune since there are no balance checks done when a payment is made.
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But what about Bitcoin? Would Bitcoin be immune since there are no balance checks done when a payment is made.
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Could be, so bitcoin will not fall under Apple's patent because is using "deBits" not credits.
From the press hits thread.
The patent covers a "Digital media acquisition using credit" invention. I had a quick read through it and my understanding is that they are patenting the process of an online store checking that a customer has sufficient prepaid credit in their account before allowing the purchase of some digital media to take place.
A patent like this could setback Facebook credits and other similar schemes because as the author notes Apple uses patent cases as weapon for killing the opposition. But what about Bitcoin? Would Bitcoin be immune since there are no balance checks done when a payment is made.
Link to patent http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=8,112,360.PN.&OS=PN/8,112,360&RS=PN/8,112,360
Edit: a balance check is made by the Bitcoin network but not by the online store.
Apple patents digital currency to get one up on facebook
mentions possible problems for bitcoin
http://www.cbsnews.com/8301-505124_162-57372470/apple-patent-throws-wrench-into-facebook-plans/
mentions possible problems for bitcoin
http://www.cbsnews.com/8301-505124_162-57372470/apple-patent-throws-wrench-into-facebook-plans/
The patent covers a "Digital media acquisition using credit" invention. I had a quick read through it and my understanding is that they are patenting the process of an online store checking that a customer has sufficient prepaid credit in their account before allowing the purchase of some digital media to take place.
A patent like this could setback Facebook credits and other similar schemes because as the author notes Apple uses patent cases as weapon for killing the opposition. But what about Bitcoin? Would Bitcoin be immune since there are no balance checks done when a payment is made.
Link to patent http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=8,112,360.PN.&OS=PN/8,112,360&RS=PN/8,112,360
Edit: a balance check is made by the Bitcoin network but not by the online store.
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