Real cost of patent trolling

Discuss

11 Responses to “Real cost of patent trolling”

  1. The amazing thing is.  Software by the very definition of a patent, can’t be patented.  Something Donald Knuth tried to explain to congress, but they failed completely to understand.   This whole situation is mind boggling.  How can that many people be that god awful stupid for that long?

    • OldBrownSquirrel says:

      Patent trolling is bad for engineers, good for lawyers.  Congress is dominated by lawyers.

      • Spocko says:

        OldBrownSquirrel beat me to the comment. The issue of  “lost wealth to defendants” doesn’t mean lost wealth to the lawyers.

        It’s like a full employment plan for them. I wonder if the algorithms that are developed for high frequency trading on wall street are patentable? I’ll bet that some law firm, seeing money flowing in huge chunks out to the firms doing HFQTrading will find an early creator of an algorithm and sue for a cut of the revenues that it helps them get.

        The reason I think this is because I am for a trading tax and I think that the HFQ trading tax would be a good one to implement. I can’t be the only one who sees the vast sums of money and wants to use it.

        • the_engineer says:

          If you develop a private piece of engineering, use it for yourself, and don’t tell anyone, you don’t need to bother with patents, not only that but if you patent it you’d have to tell others what the secret sauce is, even though they’d need to pay to license it, it could harm the usability of some categories of invention. I would guess this category is where HFQ software falls. Not patented and very secret.

          • Rindan says:

            As a general rule of thumb, if someone actually has something useful on their hands, they DON’T patent it.  You only patent stupid worthless shit that you can either bludgeon your competition with, or at the very least threaten to bludgeon your competition with if they come to bludgeon you.

            There is a worthy case for some patents, but frankly, seeing how badly it has been mangled and how it can’t keep up with the rapid pace of technological growth, I think the whole thing should be scrapped.  Strength trade secret laws so that small companies can still safely display and sell technology, but kill the patent system that has devolved into a method of waging economic war by other means.

            The hilarious thing about patents is that they were originally designed to encourage technology sharing.  Originally, they were there to try and convince companies to share their secrets in return for a monopoly on those secrets once shared.   

            Now though?  We race down the technology path, and as each person hits a mark… ANY mark, they patent whatever they find.  Then, when a dozen other companies hit that same point a couple of months later on their own, they get sued.  The whole system is completely fucked and harming innovation.

            Too bad the lawyers in congress have about as much interest in dismantling this system as I have in overpaying on my taxes.

          • flowergardenslayer says:

            My understanding is that the current patents are so vague that nobody can really use them to do anything useful.  They’re written by lawyers, for lawyers, for the sole purpose of gaming the legal system.

  2. Joshua Cogliati says:

    There is currently a petition requesting the whitehouse to pursue software patent abolition at https://wwws.whitehouse.gov/petitions#!/petition/pursue-software-patent-abolition/fHkD8wYM

  3. LX says:

    The patent system was perverted by parasites. Now it is blocking invention instead of supporting it. No wonder we haven’t got hoverboards yet.

  4. JProffitt71 says:

    If there was ever a legitimate cause for exile…

  5. CountZero says:

    “In other news, rain is wet, the sky is blue, and scientists have conclusively proved that the Moon is not, in fact, made of cheese!
    More on our later bulletin”

  6. Private says:

    Gee. I looks like only the lawyers and the courts win the money game of Patent Trolling.
    Maybe the quickest route to winning for both parties in the Patent Troll game is to simply kill the lawyers.

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