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@ Michael Fitzgerald
2025-05-06 01:23:14
Hi @Jeff Booth @Lyn Alden nostr:nprofile1qqsg2zqd8wkhpnxu6lm5c2dyfa2mhpwte57apjae2ldp6g2mmwf3ypqpzemhxue69uhk2er9dchxummnw3ezumrpdejz7q2hwaehxw309anxjmr5v4ezumn0wd68ytnhd9hx2tmwwp6kyvtnx4uhzdnhv9j8wuncv3jngmrgveen2dn8dcmrg6rh0f6ksmnxvym8ywtddg6rwdnjx4eng6rtw4h85em6w9e8xdn3xaaquwrzjs I notice the entire crypto industry including BTC rarely speak of patents and the effect their enforcement could have moving forward. BTC's codebase is very different from 2008 and incorporates new technological innovations of which many are highly likely to be patented.
Coinbase lost an IPR challenge to Reggie Middleton who owns foundational Defi patents (US11196566B2) in US, Japan and other jurisdictions incl trustless p2p value transfer yet many ETFs use them as a custodian.
Failing to openly address this reality could cause huge upset, volatility and risk to BTC and the wider industry. Are you aware of genuine patentholder risk and do you have a view of why large institutions have not disclosed it via FTO search or simple court docs?
Lastly how could this affect BTC long term if functionality is removed due to infringement enforcement and not licencisng? Thank you