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Author Topic: How does this patent affect bitcoin ?  (Read 989 times)
jahshaka (OP)
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March 30, 2015, 05:15:55 PM
 #1

We found a patent that seems to cover sending and recieveing funds via bitcoin - how does this affect bitcon and bitcoin based companies ?

http://www.google.com/patents/US20080195499

"A system for peer-to-peer commerce includes electronic wallets 14 for storing electronic token files 12. The electronic tokens can be passed from wallet to wallet without oversight of a third party. At any time, the owner of a token can verify the validity of a token for a fee, but such verification is not needed to conduct commerce. The electronic tokens include a field which can be used to restrict tokens to a specific purpose or to prevent use on specific goods and services."

Would love to hear feedback on this!
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March 30, 2015, 06:25:12 PM
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This is a different tech.  Seems like tokenization that is currently used in some CC systems.

Also BTC does not charge a fee to verify transaction.

To me this is not block chain technology.

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