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Patent Resistance Principle

Eric Voskuil edited this page Jan 20, 2018 · 15 revisions

Unlike copyright, patent is an anti-market force. A true copyright is a contractual agreement between buyer and seller, where patent can only exist as a state grant of monopoly.

The process of mining is highly competitive. Monopoly protection in the use of efficient mining algorithms is a strong anti-market pooling pressure. Bitcoin is secured by people resisting anti-market forces. If people do not resist such forces there is no security in the money. Resistance incurs greater risk when the miner is highly pooled.

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