[2016-7-11]Developer Claims Ethereum is Stolen Intellectual Property, Files Comp

[WhalingWhales]

After claiming he’d filed formal complaints with the FBI, the man who alleged that Ethereum is his stolen intellectual property says he is making his first attempt to contact the media about the theft.

Although Vitalik Buterin is the identified brain behind the Ethereum project which has gained notoriety especially for its smart contract feature, Jared Mimms claims that Buterin stole his idea.


http://cointelegraph.com/news/developer-claims-ethereum-is-stolen-intellectual-property-files-complaints-with-fbi

[yayayo]

Very interesting story that fully lives up to the premium drama standard we all enjoy in the Cryptocurrency news scene...

It might be difficult to decide if Mimms' claims are justified or not. However I would not be surprised if they were. A different question is, if the "stolen ideas" can be considered an integral part of the Ethereum project.

Regardless, if you ask me, the Ethereum project will likely falter and fail in the foreseeable future. It is too complicated and insecure to be successfully maintained and marketed. Its features will be absorbed by multiple Bitcoin 2nd-layer projects like rootstock, that are tailored to specific usage scenarios and are leveraged by the network effect of Bitcoin as the strongest and most supported cryptocurrency.

ya.ya.yo!

[RodeoX]

...

Regardless, if you ask me, the Ethereum project will likely falter and fail in the foreseeable future. ...

ya.ya.yo!

I think so also. ETH was the banks reaching the "alt-coin" level of understanding. They will hate to admit they were wrong, but I think they will be back.

[odolvlobo]

I'm not a lawyer, but I don't think that ideas themselves are covered by intellectual property law. It would be helpful to know exactly what he claims was stolen.

[Minecache]

I'm not a lawyer, but I don't think that ideas themselves are covered by intellectual property law. It would be helpful to know exactly what he claims was stolen.

Exactly. You can't patent ideas. ETH gets successful so a money grubbing r0ach crawls out the woodwork.