Patent based on blockchain for secuties

this seems a huge threat to the industry..

Quote from: gregory51gosh on July 14, 2017, 01:55:11 PM

this seems a huge threat to the industry..

How is this a bad thing? It looks like more adaption of blockchain to me.

or Is it bad because they are patenting something that should be open-source in the first place? I can understand that if that's what you are saying but Companies and Open-source don't go well together. That's like giving away free money and Companies are there for the exact opposite reason, for collecting money.

In U.S. patent structure one may patent ideas, code, etc. So if they, for example, patent the root how the tokenization process is made or root how to make an ICO process with listing, it may be a problem for the market that in its core should be, at least a little bit, decentralized..

Quote from: gregory51gosh on July 14, 2017, 02:23:52 PM

Who cares about their patents? As long as FIAT or a regulatory isn't involved their patents are meaningless. We can't block this patenting process anyway. There will be many patents based on the blockchain tech.

The whole idea of bitcoin is to make things decentralized and cut off the ties between people and the regulated FIAT system.

So their patents have absolute no meaning to anybody who uses bitcoins in their daily lives.

Not exactly, because btc and tokens in law are now acounted in may regulations as IP's (intellectual property) or in others as a "program code". So the patent may concern IP's. From this path, if there is no regulation in a specified country for btc as payment instrument, it should be considered as program/intelectual property that will be breached in some cases related to the patent.. that is braking a law.
So this is what I mean by "threat'. Because there is a huge difference in lack of regulations and possession of IP's related to another law.
This is like one of the flanks of making the market regulated.
We have a saying in Poland - it's like starting from the butt's side (wrong approach, dangerous).

p.s. it's like the "Big America" looking for ideas to control this growing market.

Quote from: gregory51gosh on July 14, 2017, 02:41:49 PM

p.s. it's like the "Big America" looking for ideas to control this growing market.

This future has been anticipated, the influential countries like the United States always want control the cryptocurrency market soon after a hot trend wave is cryptocurrency of amphibious around the world's and a huge number people interesting with this trend.
In few months ago, some news tell IBM has been create a road map to helps some banks EU creating a coin with technology blockchain to using in system payment of banking. I think in 2018, we will see a big change in crypto market

Quote from: mindrust on July 14, 2017, 02:31:24 PM

Quote from: gregory51gosh on July 14, 2017, 02:23:52 PM

Blockchain technology has an extremely large number of potential applications. Often when trying to develop these, developers will use code from other systems which are already proven to be secure (like Bitcoin).

Patenting parts of blockchain technology is a problem for anyone who wants a free environment to work in. To reach its full potential, it needs to be an open community where anyone can work on it.

It's a problem for the same reason that SegWitx2 having a closed source testnet is a problem. Open contributions make everything work better.

wow, could you please give a source of this message or something that confirms this? It would be very important information if there would be a special coin that would base on banking protocol.

I think that will be difficult to control technology bacchan. This is only the beginning. America feels a threat to the dollar from bitcoin, and will start a war against him. I do not believe that it is ever legalized in the United States. The next step probably will be to attempt to impede the exchange of bitcoin on the dollar.

But if it is true that IBM works with banks.. it seems clear all now.