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Re:Paypal Patent Application: Expedited Virtual Currency Tra... by toomanybeersies on Monday March 05, 2018 @07:55PM (#16526013)
I'm not strictly opposed to software patents, I do think that the threshold for what deserves a patent is far too low in the USA though.

Regardless, patents in general are a net good for mankind. It incentivises innovation, as the inventor gets a monopoly for a limited time on new inventions.

What's the point in inventing anything if some other company (likely with more resources than you) can just come along and steal your ideas?

Re:Paypal Patent Application: Expedited Virtual Currency Tra... by I_am_tiberius on Monday March 05, 2018 @08:16PM (#16526129)
> I do think that the threshold for what deserves a patent is far too low in the USA though.

A first big step forward would be to increase the threshold. The current situation is ridiculous, - I think everyone agrees on that.

> Regardless, patents in general are a net good for mankind. It incentivises innovation, as the inventor gets a monopoly for a limited time on new inventions.

I cannot entirely disagree on that, - at least from today's perspective. However, what did people think about open source software 30 years ago? They would have said something similar as you did, - which is that companies would not have the motivation to invest time and money. What do people think today?

Re:Paypal Patent Application: Expedited Virtual Currency Tra... by jjeaff on Monday March 05, 2018 @08:46PM (#16526262)
Open source is not necessarily a profitable endeavour. Their are some exceptions, but presumably there would be a lot more open source options out there if it were more profitable.
Re:Paypal Patent Application: Expedited Virtual Currency Tra... by trophycase on Monday March 05, 2018 @10:24PM (#16526637)
Chefs and restaurants don't file patents on recipes AFAIK and they still manage. Didi basically copied Uber and the tech is still far inferior
Re:Paypal Patent Application: Expedited Virtual Currency Tra... by toomanybeersies on Tuesday March 06, 2018 @12:46AM (#16527117)
You're comparing apples and oranges.

Imagine this case now:

I own a small company, Foo & Sons. I invent a new form of widget, that's 10% more efficient than other widgets. I can patent my new widget, and now I have exclusive right to manufacture these widgets in my factory for $1 a piece, selling them for $2 a piece.

Now, a big company, Widgets'R'Us, is capable of manufacturing these widgets for $0.50 each, as they have economies of scale. Without patent protection, they could make my widgets, and sell them for $1.50 each, putting me out of business. However, because of the patent, they'd have to pay me a fee if they wanted to make my widgets. I can now decide whether or not these royalties are more valuable tham making and selling widgets from my factory.

Re:Paypal Patent Application: Expedited Virtual Currency Tra... by trophycase on Tuesday March 06, 2018 @01:58AM (#16527344)
I guess I might have been overly broad in my comment. I guess I just wanted to point out cases where a patent feels ridiculous because the process is sufficiently difficult to replicate (e.g. cooking a recipe or doing a stand-up routine). Furthermore, the process in question needs to have sufficient demand such that an economy of scale actually has incentive to produce this product at large volumes.

I think there is a stronger case for patents for processes that can be easily replicated, reverse engineered, and made profitably at scale (this is a key factor IMO), like lightbulbs or batteries or something. Even then though, I think there are cases to be made that patents still may not provide benefit. For example, why do people still buy Advil or Tylenol over a generic brand, is it perhaps trust in the brand and confidence in the purity and safety of the product?