This episode of "Mad Biccoins Patent's BicTacular" focuses on recent patent filings related to the storage and transfer of digital currency, specifically highlighting efforts to patent fundamental concepts of Bitcoin technology.
Summary:
The episode first addresses BicBills, which filed a patent application for "cold storage"—the concept of printing Bitcoin onto paper. The speaker notes that this idea is not new, pointing out that the method has been publicly available since September on bitaddress.org.
The main focus, however, is on Ericsson, a Swedish company, which filed a patent for "Open Money." Open Money describes a system allowing users to send money directly from one cell phone to another. The patent suggests that this system would benefit local merchants by allowing them to accept payments without the high fees associated with traditional credit cards, a function similar to that offered by BicCoin. The speaker concludes by noting the significance of the patent, particularly the inclusion of an ancient Nokia cell phone picture, suggesting the seriousness of the filing.
Main topics discussed:
* BicBills filing a patent for "cold storage" (physical storage of Bitcoin on paper).
* Ericsson filing a patent for "Open Money," detailing cell-to-cell payment systems.
* The utility of Open Money in allowing merchants to accept payments without credit card fees.
Key quotes:
1. "It's PatentlyAmazing, it's PatentlyCredible, it's PatentlyFantastic."
2. "The dream of open money is that users could send their money from cell phone to cell phone."
3. "This has been Mad BicCoin's Patent's Spectacular."
People/Entities mentioned:
* BicBills
* Ericsson
* Sony
* bitaddress.org
* United States Patent and trademark office
Bitcoin price if mentioned:
* Not mentioned.