Could be all alt-coins in danger?

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Topic: Could be all alt-coins in danger? (Read 500 times)

themte (OP)

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Could be all alt-coins in danger?

June 23, 2016, 10:59:29 AM

Craig Wright who claims to be Satoshi Nakamoto, wants to get patents related to cryptocurrency, blockchains etc.
This could affect probably all alt-coins

https://news.bitcoin.com/craig-wright-filing-patents/
http://www.coindesk.com/bitcoin-creator-craig-wright-patents/
http://www.reuters.com/article/us-bitcoin-wright-patents-idUSKCN0Z61GM

freshman777

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Re: Could be all alt-coins in danger?

June 23, 2016, 11:23:23 AM

Crypto doesn't care about patents among other things it doesn't care about.

ARDOR - Blockchain as a Service. Three birds with one stone. /// Do not hold NXT at exchanges, NXT wallets: core+lite, mobile Android

Mjbmonetarymetals

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Re: Could be all alt-coins in danger?

June 23, 2016, 11:40:42 AM

I would be more worried what Craig Wright does with all his Bitcoin when he gains access to them, I mean now that Bitcoiners have dropped a giant collective poop on him.

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J1mb0

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Re: Could be all alt-coins in danger?

June 23, 2016, 12:12:48 PM

Quote from: themte on June 23, 2016, 10:59:29 AM

Aided and abetted by Gavin Andresen.

Nakamoto would never have been so naive that he could think that he could use 'slight of hand' deception that Wright attempted on the community with such arrogance. He would understand that he might fool some witless journos but that the community would call him out.

. ^Gra^phe^ne^Air^dro^{p C}^omi^ng^Soo^{n by}^Ph^{ore .}

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NUFCrichard

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Re: Could be all alt-coins in danger?

June 23, 2016, 01:22:21 PM

Patents can only be made on something that is not public knowledge.
If Satoshi had patented the idea before releasing Bitcoin, that would have worked (probably)

Years later it is stupid to talk about patents.

ArticMine

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⇾ Re: Could be all alt-coins in danger?

June 23, 2016, 04:52:06 PM

Quote from: NUFCrichard on June 23, 2016, 01:22:21 PM

Yes it is stupid, nevertheless corporations especially in the United States patent all sorts of ideas that should be should not have been granted a patent. This is because the US patent system is broken. The EFF has been dealing with this issue for years https://www.eff.org/patent-busting

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card

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