BitBills's Patent- Will Patents Hinder Bitcoin's Evolution?
What would an approved patent for a physical Bitcoin mean for the Bitcoin community? Douglas Feigelson, the founder of BitBills, filed a patent with the United States Patent and Trademark Office (USPTO) on December 23, 2011. Just last Saturday, June 27, 2013, the USPTO processed Feigelson's application and entitled the application for a patent as,....
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With the new blockchain industry growing, the rise of filing patents has become a seemingly necessary step for people starting new projects, with entrepreneurs and developers worried about patent trolls locking them out of their own ideas. A Vast Array of Patents Surround Blockchain Technology. Over the past couple years, filing patents has become a norm....
A number of bitcoin patents on cryptocurrency-related products have been published earlier this month, leading some to wonder about its potential ramifications on the industry. Coinbase CEO and co-founder Brian Armstrong weighed in on this issue in a post on Medium. Just recently, Bank of America's patent on a system of cryptocurrency wire transfers was published by the US Patent & Trademark Office (USPTO). This was followed by news that Coinbase filed patents for nine bitcoin products, including a wallet, hot exchange, and a bitcoin tipping button. Coinbase Cryptocurrency Patents.....
Coinbase CEO Brian Armstrong responded to the backlash against his company when it was revealed that it filed nine Bitcoin patent applications with the US Patent and Trademark Office (USPTO). The USPTO was said to have received the submissions on March 17 of this year. Immediately after this news went public it created quite the stir in the community mostly upset with the Coinbase decision. Many took to social media to voice their opinion including Bitcoin Core developer Jeff Garzik who said: Coinbase CEO Brian Armstrong responded by telling him that they needed to research how they felt....
Just yesterday, CoinDesk reported eBay had filed two cryptocurrency-related patents with the US Patent and Trademark Office (USPTO) - the agency responsible for issuing patents and registering product and intellectual property trademarks. In so doing, the online giant joined a slew of crypto and non-crypto companies which have also filed applications in an attempt to protect their products. Often a topic of contention in the largely open-source bitcoin community, CoinDesk has rounded up some of the most high profile patent submissions revealed to date. 1. 21 Inc. The best-funded company in....
According to Reuters, Craig Wright is now a patent troll. The Australian, who claimed to be Satoshi Nakamoto, is now trying to secure many patents, according to his associates. Since the beginning of the year, Wright has filed over 50 patent applications in Britain, and Reuters has seen this data through documents given to the publication. Wright Back in....