Bank of America is trying to load up on patents for the technology behind bitcoin – Quartz

Source: Bank of America is trying to load up on patents for the technology behind bitcoin – Quartz

My good friend Ian Kar wrote this. Great article and gives you some points to think about. The following four came to my mind:

  • How does one patent processes that were already out in the open, prior to BoA applying for patents?
  • Would these patents be enforceable on a decentralized network?
  • Given the open nature of the bitcoin protocol, can such processes be patented?
  • Is BoA doing this just to drive the Bitcoin out of business? or perhaps, dominate the Bitcoin scene?

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