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Stephan Livera Podcast
SLP249 Bitcoin Patents & Open Crypto Alliance with Stephan Kinsella and Jed Grant
Feb 5, 2021
Stephan Kinsella and Jed Grant discuss the negative effects of IP laws and improper concepts of property rights on progress and creativity. They explore the potential hindrance of Bitcoin industry by patent laws and the need to stop overly broad patents. They also dive into the mission of Open Crypto Alliance to prevent patents on Bitcoin technology and the importance of community involvement in fighting patents in the blockchain space.
43:48
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Quick takeaways
- Open Crypto Alliance (OCA) aims to prevent patents from being granted on Bitcoin and blockchain technology to protect the open and free nature of these technologies.
- OCA fights against patent applications and challenges existing patents, using crowdsourced prior art and a database of relevant information, to protect the Bitcoin ecosystem from patent trolls and promote innovation.
Deep dives
Open Crypto Alliance: Defending Bitcoin Against Patent Trolls
Open Crypto Alliance (OCA) is a nonprofit organization focused on protecting the open and free nature of Bitcoin and blockchain technology by preventing patents from being granted on these technologies. OCA's approach is to raise funds and use them to fight against patent applications in order to keep the technology in the public domain. They aim to stop patents before they are granted, as the cost of defending against a patent lawsuit can be significant. By crowdsourcing prior art and challenging patents, OCA seeks to prevent these patents from hindering innovation in the Bitcoin space.
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