Ericsson's Open Money: Files Bitcoin Patent Application for the Good of Society

[row5_seat47]

Ericsson Announces Open Money: Files Bitcoin Patent Application for the Good of Society

http://letstalkbitcoin.com/post/54695184835/ericsson-announces-open-money-files-bitcoin-patent

[empoweoqwj]

Patents are for the "good of the company" not society.

[row5_seat47]

@empoweoqwj
 seems to be duly noted as such in the article

[btceic]

To me this says that the powers that be are starting to drool over the prospects of bitcoin/virtual currency.

[empoweoqwj]

To me this says that the powers that be are starting to drool over the prospects of bitcoin/virtual currency.

Yes but be wary of patents. They are a way of saying "you can use our stuff only if you pay a license fee".

Not really what open-source bitcoin is based on is it?

I understand companies coming in will want to protect innovative ideas in the space, but they should not be able to patent "open money", or suddenly they will start claiming a fee for every bitcoin transaction done on a mobile.

[prophetx]

so what exactly are they attempting to patent that has not been thought of already?

i am writing a MS thesis next year and noticed that someone at KTH, a uni in stockholm, had worked with this particular m commerce group at Ericsson and written her thesis on virtual currencies and coupons, with a case study of ericsson.

to me this just looks like patent trolling...

[row5_seat47]

Largest patent suit in India's IT and telecom space goes to???

...Drumroll...

http://articles.economictimes.indiatimes.com/2013-03-26/news/38040592_1_micromax-patent-infringement-standards-essential-patents


---Warning Spoilers Below---

"They also point out that the litigation was not unique to Micromax as Ericsson had recently filed a similar suit against South Korea's Samsung for failure to license 'standards-essential' patents. Executives close to Micromax claimed that Ericsson, which is no longer a player in the handset space after it exited its JV with Japan's Sony, was now trying to extort what they termed "irrational and inequitable licence fees"."