Why is it taking the US so long to figure out that patents on business methods, abstractions and software are a disaster waiting to happen? Even parts of their own justice system are starting to understand the consequences.
Is it that hard to understand from first principles, like much of the rest of the world has, instead of waiting until the full irreversible burden is felt in legal, industrial and public bodies? Or is the GDP service churn over nothing actually innovative worth the deferrment of so much pain into the future?
1) Find an excepted business process that has been used for literally centuries.
2) Create a patent but include the words, "on a computer" or "on a computer network".
3) Profit.
The patent does sound very bad indeed, but I think politicians will get a lot more worked up over a patent that can affect the US financial industry, than one that affects the tech industry.
For those that don't know NAB who owns half of this alleged patent troll is one of Australia's "big 4" banks and pulls in over $5B a year. It is hardly in need of cash.
Why on earth it is messing about in the US is beyond me.
Is it that hard to understand from first principles, like much of the rest of the world has, instead of waiting until the full irreversible burden is felt in legal, industrial and public bodies? Or is the GDP service churn over nothing actually innovative worth the deferrment of so much pain into the future?
Talking about kicking the can down the road...