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Author Topic: Bank of America legal attack  (Read 2399 times)
NILIcoin (OP)
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December 19, 2015, 01:42:54 PM
 #1

 "The US Patent & Trademark Office (USPTO) published 10 patent applications yesterday that were filed by Bank of America in June of last year."
http://www.coindesk.com/bank-of-america-patents/

I think the community need to retaliate.

My idea is this https://bitcointalk.org/index.php?topic=1187331.0

I think it is time for us to take over  Bank Of America  IP to show them the power of a decentralized system.
And lets start here. If we will start trading coins named as the Bank Of America and using the official logo of the company it can get really interesting.




bitsmichel
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December 20, 2015, 12:01:14 PM
 #2

I think it is time for us to take over  Bank Of America  IP to show them the power of a decentralized system.
And lets start here. If we will start trading coins named as the Bank Of America and using the official logo of the company it can get really interesting

Are you American? If you mess with honey in the beehive, the swarm is heading towards you

NILIcoin (OP)
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December 20, 2015, 04:13:21 PM
 #3

I think it is time for us to take over  Bank Of America  IP to show them the power of a decentralized system.
And lets start here. If we will start trading coins named as the Bank Of America and using the official logo of the company it can get really interesting

Are you American? If you mess with honey in the beehive, the swarm is heading towards you

American,(I have a dual citizenship), and I mess with honey all the time.
Coca-Cola  https://bitcointalk.org/index.php?topic=798131.msg8977283#msg8977283
 Disney https://bitcointalk.org/index.php?topic=802673.0
Jet Cash
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December 22, 2015, 09:16:25 AM
 #4

I've tried to read those patent extracts, but I'm having difficulty in understanding them without the full spec. My impression is that it is not a blockchain type of application, and therefore it will not affect Bitcoin transfers. They do have some stuff about exchanges, but they may be on rocky ground there, as companies like PayPal have been doing this for years. It may result in people keeping US dollars out of the mix, which must be damaging for the US.

Offgrid campers allow you to enjoy life and preserve your health and wealth.
Save old Cars - my project to save old cars from scrapage schemes, and to reduce the sale of new cars.
My new Bitcoin transfer address is - bc1q9gtz8e40en6glgxwk4eujuau2fk5wxrprs6fys
The Sceptical Chymist
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January 30, 2016, 05:28:23 AM
 #5

I think it is time for us to take over  Bank Of America  IP to show them the power of a decentralized system.
And lets start here. If we will start trading coins named as the Bank Of America and using the official logo of the company it can get really interesting

Are you American? If you mess with honey in the beehive, the swarm is heading towards you

American,(I have a dual citizenship), and I mess with honey all the time.
Coca-Cola  https://bitcointalk.org/index.php?topic=798131.msg8977283#msg8977283
 Disney https://bitcointalk.org/index.php?topic=802673.0
Hey, those are pretty cool. 

Perhaps we should all buy BAC stock and do some sort of proxy war thing.  They pay a shitty dividend right now but the stock is probably a good buy.  It's been beaten down for the past 7 years or so.

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jyakulis
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January 31, 2016, 09:47:41 PM
 #6

Hmm, what a mess. I'd need to read the claims to determine how bad it is though. But also not really my problem.

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Jet Cash
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February 01, 2016, 09:38:23 AM
 #7

Quote
[0090] The issuer node 105A may generate the digital currency in a variety of ways, including but not limited to sending the amount of digital currency to itself as part of a payment transaction and advertising the payment transaction throughout the cryptocurrency payment network 145. For example, the issuer node 105A may generate a first payment transaction message with the source and destination address of the first payment transaction message being the address of the issuer node 105A. The first payment transaction message may include an amount of digital currency (e.g., 100 units) and a digital signature. In some embodiments, the digital signature may be generated using a mathematical algorithm. The digital signature may be created by using a transaction private key associated with the sender (e.g., issuer node 105A) and the first payment transaction message. In such a scenario, a transaction public key associated with the receiver (e.g., issuer node 105A) may then be used to verify the digital signature to ensure that the payment transaction is authentic and was an authorized transaction.

I only read a couple of paragraphs, but the quoted one caught my eye. It's out of context, so I may have misunderstood it. It looks as if they can see the end of fractional reaerve banking, and the fraud that that generated. Maybe they are trying to create a crapto-currency to move this concept onto the Internet.

Offgrid campers allow you to enjoy life and preserve your health and wealth.
Save old Cars - my project to save old cars from scrapage schemes, and to reduce the sale of new cars.
My new Bitcoin transfer address is - bc1q9gtz8e40en6glgxwk4eujuau2fk5wxrprs6fys
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