3 ms·
For brilliant masterworks that would otherwise have gone unknown for decades, sure. But if I demand $10M for an invention that two vendors could have otherwise
by prodigal_erik 14y ago
For brilliant masterworks that would otherwise have gone unknown for decades, sure. But if I demand $10M for an invention that two vendors could have otherwise independently recreated for $1M and five years each, I have made that disclosure a net loss for society and the industry. The problem is that there's no market mechanism ensuring that licenses are available fairly at lower costs than would otherwise be spent on reinvention. And of course the avalanche of patents which merely disclose the obvious and claim the entire problem, yet can only be overturned individually at enormous risk and (uncompensated!) expense. And the 3x wilful-infringement doctrine over which practitioners are well advised never to even look at patents.