World After Capital

Updated 6 months ago

Itamar Rogel (@itamarro) started discussion #544

2 years ago · 0 comments


Going forward, we can achieve this by using prizes more frequently. And yet, that leaves a lot of existing patents in place. Here I believe a lot can be done to reform the existing system and make it more functional, in particular by reducing the impact of so-called Non Practicing Entities (NPEs, commonly referred to as “patent trolls”). These are companies that have no operating business of their own, and exist solely for the purpose of litigating patents.

Informational Freedom (Edit this file)

What about pure innovation by an individual (or a small business entity) ? Without patents, how does the inventor gain from their invention, while being incentivized to share it publicly, when there are existing major business entities out there that can bring the invention to market faster and at scale, eliminating the inventor's profit potential?

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