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Patents vary hugely in value. The vast majority turn out to be worth almost nothing, while a few are worth billions. I'm pretty sure if you had this it would ju
by hugh 18y ago
Patents vary hugely in value. The vast majority turn out to be worth almost nothing, while a few are worth billions. I'm pretty sure if you had this it would just accumulate all the worthless patents, while people and companies who owned the valuable ones would have no interest in joining.
- cwp 18y agoActually, that doesn't matter very much. The point of the pool is not to get access to patented technology that you wouldn't otherwise be able to use. It's to be able to defend yourself against patent lawsuits. If you're sued, you can counter sue for infringing some stupid worthless patent in the pool, because any real implementation of anything infringes on some patent. With enough patents in the pool, counter-suit becomes a viable defense. Not also that this is why it won't work against patent trolls - they don't actually do anything of substance, and therefore aren't vulnerable to counter-suit.
- DenisM 18y agoRight, and as big dogs lose profit in patent system, they will lobby to can the whole thing completely. Thus patent trolls will also lose in the end.