191–200 of 426 posts
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This is interesting. So Oracle holding around 52000 patents pays around 23.000.000 USD a year in maintenance?
Yes, having patents is expensive. Large corporations often file patents for defensive reasons, and for this they employ multiple patent lawyers full time.
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Patents are property and we need taxes/fee on it. $500/year per patent, will ensure use it (if you think it is valuable) or lose it. This is no different from domain names, most people pay $10 - $100/year just to keep a domain name. Some domain names are used, most aren't. These taxes can fund free education or healthcare or defense.
> $500/year per patent, will ensure use it (if you think it is valuable) or lose it. Not really. Some patents are fantastically valuable to patent trolls. Some are not. A $500/year fee isn't going to deter a "company" of lawyers who are making millions soaking businesses with patents that should never have been granted. If you want a scheme that actually does what you want, you'd need something like: The owner of the…
This seems like a pretty bad attempt at such a scheme.
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> $500/year per patent, will ensure use it (if you think it is valuable) or lose it. Not really. Some patents are fantastically valuable to patent trolls. Some are not. A $500/year fee isn't going to deter a "company" of lawyers who are making millions soaking businesses with patents that should never have been granted. If you want a scheme that actually does what you want, you'd need something like: The owner of the…
Maybe when you file the patent, you have to submit an anticipated value statement and you are taxed some % / year on that anticipated value. If somebody violates the patent, you can sue them for up to the amount you anticipated, but not more. In the future you can amend the value claim, but you can only adjust it down.
There needs to be a "use it or lose it" doctrine/law around technological IP. I get all the arguments around creating a market for the patent rights, but it just leads to these bottom feeders creating no value and increasing costs for the industry and consumers.
Patents are property and we need taxes/fee on it. $500/year per patent, will ensure use it (if you think it is valuable) or lose it. This is no different from domain names, most people pay $10 - $100/year just to keep a domain name. Some domain names are used, most aren't. These taxes can fund free education or healthcare or defense.
1st year = 2000 USD
10th year = 1m USD per year
20th year = 1bn USD per year
It becomes prohibitively expensive if you don't use it. After 23 years it would make only sense for the most insane blockbuster drugs to keep going for another year.
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Can you provide some recent examples of where patents likely played a positive role in innovation?
Probably every pharmaceutical patent. In software? Um... . (But you asked "where patents" and not "where software patents", so...)
Great, they've played their role, then. I'm ready for that stage to be over now. IMO if there's an incentive to manufacture distribute the product, let that be the incentive.
At the end of the day, this is a deep legislation issue, patents should not exist at all. They are supposed to promote innovation, in practice, it's more about protecting guys who sitting and waiting for passive cash. Once we give exclusive rights to all AI stuff to Nvidia, is the world going to be a better place ? What would be with ChatGPT if Google actually had enforced (or enforces) patents on Transformers. Is th…
https://files.stlouisfed.org/files/htdocs/wp/2012/2012-035.p...
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If someone invents something truly novel I think they deserve the first right to make money off it. The extra bonus of having them file a patent is that when it expires it becomes free public knowledge for everyone. The problem for software is that the duration of the patent is way too long for the pace of innovation in the world of software, to the point that a reasonable duration patent probably wouldn't even be wo…
What would be an example? Like you invent a new compression algorithm and nobody else should be able to use it for a year or two?
There needs to be a "use it or lose it" doctrine/law around technological IP. I get all the arguments around creating a market for the patent rights, but it just leads to these bottom feeders creating no value and increasing costs for the industry and consumers.
There are research companies who only do research and get money by licencing their patents. I mean, I really would like to live in a world without patents, but currently those companies do provide value, but cannot exist, without guarding their IP. Yet they would cease to exist, with your proposal.
There needs to be a "use it or lose it" doctrine/law around technological IP. I get all the arguments around creating a market for the patent rights, but it just leads to these bottom feeders creating no value and increasing costs for the industry and consumers.
Patents are property and we need taxes/fee on it. $500/year per patent, will ensure use it (if you think it is valuable) or lose it. This is no different from domain names, most people pay $10 - $100/year just to keep a domain name. Some domain names are used, most aren't. These taxes can fund free education or healthcare or defense.
What would this do to people who file their own patents to protect their own inventions? Historically, that's been the vast bulk of all useful inventions in this country.