Author

Topic: Coinbase GOES TO TOWN in the patent office!!! (Read 712 times)

legendary
Activity: 1036
Merit: 1001
/dev/null
September 22, 2015, 06:56:02 PM
#15
hh, I have some feeling that big guys are starting Patent War with funny teasing:) *https://en.wikipedia.org/wiki/Patent_war

btw here is related article on coindesk: http://www.coindesk.com/coinbase-files-9-patents-for-bitcoin-products/, it seems that IBM and MasterCard are also playing this game and I guess that Circle will come soon..
hero member
Activity: 784
Merit: 501
September 22, 2015, 06:49:02 PM
#14

Okay, who's gonna be the first to patent planetary, interstellar and intergalactic cryptocurrency transactions? Once accomplish, we're tackle specie-to-specie transactions provided, of course, we get Kentucky's Kim Davis' blessin'.
Possible. Wheel was patented in Australia

Patent file: http://www.cs.virginia.edu/~gfx/Courses/2002/BigData/papers/Misc/Wheel%20Patent.pdf

News: https://www.newscientist.com/article/dn965-wheel-patented-in-australia/
vip
Activity: 1428
Merit: 1145
September 22, 2015, 06:39:17 PM
#13

Okay, who's gonna be the first to patent planetary, interstellar and intergalactic cryptocurrency transactions? Once accomplish, we're tackle specie-to-specie transactions provided, of course, we get Kentucky's Kim Davis' blessin'.
legendary
Activity: 1092
Merit: 1001
September 22, 2015, 05:28:13 PM
#12
They are claiming that "Hot Wallet" is patentable?

This is one area where The Bitcoin Foundation could have been helpful.
They would be able to intervene and argue against parasitic patent practices on Bitcoin/bitcoin and its community.

At this rate, one day, a patent may be granted that could potentially render your everyday bitcoin activity an improper use,
and royalties should be paid (if they knew you or could find you) to Coinbase or some other corporate entity.
hero member
Activity: 854
Merit: 500
Nope..
September 22, 2015, 04:24:09 PM
#11
People patent the weirdest things just to preserve their ideas and the inherit "rights" therein.  Nothing unusual.  Very interesting business strategy on the frontier of crypto currencies actually.
full member
Activity: 279
Merit: 132
Beefcake!!!
September 22, 2015, 03:58:52 PM
#10
Looks like your typical patent trolling.  I would not be too alarmed. I guess this means that coinbase is a successful business: frivolous, wide ranging, vague, ridiculous patents are the hallmark of successful American Corporations.
legendary
Activity: 1596
Merit: 1026
September 22, 2015, 03:52:50 PM
#9
Maybe they're trying to see what they can get away with. Eventually one of their crazy patents will go through and they'll make a lot of money with it.
Clearly, this makes Coinbase the enemy of all things open source. 
full member
Activity: 196
Merit: 100
September 22, 2015, 03:35:28 PM
#8
Maybe they're trying to see what they can get away with. Eventually one of their crazy patents will go through and they'll make a lot of money with it.
hero member
Activity: 882
Merit: 500
Where am I?
September 22, 2015, 03:33:20 PM
#7
They won't get any of those so many people are doing them, and some of them are part of most bitcoin wallets.
legendary
Activity: 3948
Merit: 3191
Leave no FUD unchallenged
September 22, 2015, 03:32:50 PM
#6
They'll probably have to do it all over again when someone comes up with a system to store patents on a blockchain.  How long before we disrupt that sector?   Grin
legendary
Activity: 812
Merit: 1000
September 22, 2015, 03:31:21 PM
#5

Not sure how i feel, nothing against coinbase but i also like open source as the public get the best from it.  Need to read up more why exactly.
sr. member
Activity: 532
Merit: 250
September 22, 2015, 03:29:14 PM
#4
This is lunatic! I guess that those people from the patent office will have much more work on their hands in the near future! They will probably come to hate on Bitcoin because of this! Cheesy
The patent office loves patents - or else they would go out of business.  They are going to love Bitcoin!
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
September 22, 2015, 03:26:10 PM
#3
This is lunatic! I guess that those people from the patent office will have much more work on their hands in the near future! They will probably come to hate on Bitcoin because of this! Cheesy
legendary
Activity: 1274
Merit: 1000
★ BitClave ICO: 15/09/17 ★
September 22, 2015, 03:23:26 PM
#2
Are they planning to sue everyone who puts a tip button on their websites? Or won't it affect the "paypal tip/donate buttons"? They're basically same thing...
sr. member
Activity: 532
Merit: 250
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