Patent troll Sable pays up, dedicates all its patents to the public!
Patent troll Sable pays up, dedicates all its patents to the public!
We’re pleased to announce that the litigation against Sable has finally concluded on terms that we believe send a strong message to patent trolls everywhere — if you bring meritless patent claims against Cloudflare, we will fight back and we will win.
This is absolutely awesome: 👍😎
Project Jengo is Cloudflare’s effort to fight back against patent trolls by flipping the incentive structure that has encouraged the growth of patent trolls who extract settlements out of companies using frivolous lawsuits. We do this by asking the public to help identify prior art that can invalidate any of the patents that a troll holds, not just the ones that are asserted against Cloudflare.
Emphasis by me.
CloudFlare makes more than a billion dollars a year in revenue. The work done for this project is probably worth millions to them and they paid out $100,000. That sounds like bullshit to me. Let corporations hire lawyers instead of doing their work for a pittance.
They should have increased the payout. It should have been a percentage of what CF would have paid had they paid the troll.
I don't expect attorneys to be experts in technical work. Even those who are won't have the same experience as the literal millions of techies out there who know really obscure technology.
It's like an IRL DDOS
And it's less annoying than a stadium full of people with vuvuzelas.
Patents shouldn't be valid for more than 5 years imo. If you can't make a large enough profit from your idea in 5 years maybe it wasn't that good or original.
The original idea with patents is to help protect small inventors from being run over by bigger corporations.
But the result is more often the opposite, where small inventors that have a genuinely profitable novel product, is quickly forced to bankruptcy by frivolous patent suits, even when the new product is patented, and when bankrupt bought for peanuts by the bigger corp.The other main basis for patents is that the technology should not be lost, in case of the inventors death.
But the way tech works today, that is no-longer relevant.5 year patent would absolutely be better than what we have IMO.
Same for copyright law. The point was to give creators a few years to profit from their work before it goes into public domain.
Disagree. Look at Sawstop. It took years to even get to the patent filing phase. Then he tried to get companies to adopt it. They didn't. So he spent years building a company and manufacturing base to support it. By the time he finally got things into stores and had a chance to pay back his investment the patent would have expired under your idea. There would have been zero incentive to do all that investment and the technology would have never become available.
Your five year rule would harm anyone not already extremely wealthy. It would further incentivize corporations to maintain control over markets. It would also create a situation where companies would be trying to recoup all their investment costs in that 5 year period which would result in extremely high prices. Like the pharma companies on steroids charging a 5000% markup.
How's about a patent that expires 5 years after its first use by a billion+ dollar company? 5 years after it is used in more than 10,000 products? 5 years after its licensing has yielded over $1M in profit? 5 years after spending over $100k on advertising? 5 years after your first major court settlement?
I think there are ways to protect individual innovators but also lessen patent abuse
The quality of an invention has nothing to do with profitability. People actively fight competing products and ideas. A good invention is worth nothing unless you whore it out to existing industry
Maybe make it based on sales. $X, Y sales, or Z years, whichever comes first.
Sweeeeeet.
Very satisfying
Love the content, but that format is what I stare at every day so now I'm back at work in my free time!
And on that day, their hearts grew three times their sizes.
Their doctors found this alarming
I'm just picturing a new version of the Grinch who stole Christmas where he's clutching his chest in pain.