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Patent system is a great system, for 100 years ago. Throw it out, it would do more for innovation than all of the VC money invested over 10 years.
by BatFastard 11y ago
Patent system is a great system, for 100 years ago.
Throw it out, it would do more for innovation than all of the VC money invested over 10 years.
- antome 11y agoIt's more of an optimisation problem. You want inventors to invent a lot of things, so you give them patents. But if you give them too long a patent, they will just invent a few things, then sit on the IP. Nowadays, there should really be ~5 year hardware patents, and ~1 year software patents, which mostly reflects the time-to-market after invention.
- em3rgent0rdr 11y agoThe optimization should be ~0 year hardware patents, and ~0 year software patents. All the patents will do is slow down market deployment and innovation.
- abecedarius 11y agoI'm not convinced it was a net plus even 100 years ago. E.g. https://en.wikipedia.org/wiki/Wright_brothers_patent_war https://en.wikipedia.org/wiki/Wright_brothers_patent_war
- rasz_pl 11y agoit wouldnt, one of the major valuation factors for new companies is IP (patents).