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RE: Coinbase Is Sued By Veritaseum For Secure Digital Transactions Patent Infringement

in LeoFinance2 years ago

and that's why you just don't build a business anymore because anyone and everyone is just looking to sue or screw over everyone else. It's pretty ridiculous and I have a feeling it's going to start catching up with us really soon in terms of people giving up launching an business and being innovative. Instead that's going to move to decentralized options. To me patents are a scam and worthless. There was a day when they actully provided value but now it does nothing but hold back innovation and rewards the lazy.

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@bitcoinflood, this seems like an ideological difference in business philosophies. Patents have been a cornerstone of traditional business innovation for centuries, whereas open-source is relatively new by comparison. Is it inherently wrong for a creator wanting to protect their creation and profit from it? Do you see copyrights or trademarks similarly to patents as worthless?

With that being said, the merit of the lawsuit itself is a different thing.

I agree, decentralized options can be a solution for the patent abuse and loopholes.