Kinsella On Liberty KOL383 | Bitcoin at PorcFest: Patent Trolls, Bitcoin Ownership, the Mises Caucus and the Reno Reset
Jun 24, 2022
Stephan Kinsella, a patent attorney and libertarian legal theorist who founded the Open Crypto Foundation, discusses fighting crypto patents and protecting Bitcoin. He talks about why early intervention beats patent trolls, critiques intellectual property abuses, explains his Bitcoin maximalism, and recounts the Mises Caucus and the Reno political reset.
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Challenge Bad Patents Early
- Intervene early on patent applications by submitting prior art to patent examiners to prevent harmful patents from issuing.
- This is far cheaper and more effective than litigating issued patents later which costs millions and favors trolls.
Map And Attack Threatening Crypto Patents
- Identify and catalogue crypto-related patents that threaten the Bitcoin ecosystem and target them with invalidation actions in relevant patent offices.
- Coordinate globally because threats arise in multiple jurisdictions like the US, Europe, and the UK.
Coordinate Resources Against IP Threats
- Join or support groups like OpenCryptoFoundation to pool resources and expertise against patent and IP threats to crypto.
- Use coordinated submissions and appeals across jurisdictions rather than facing suits individually.