Patent Trolls Drive Majority of All U.S. Patent Lawsuits

Damn, we were just talking about this yesterday. That's insane that 59% are "small" businesses. We're hurting our own growth, by making money off of having an idea on a piece of paper. We're not even advancing anything. Oh America, you are beginning to sink.

Yeah this crap is very sad and deducts from our advancement technologically speaking in a large way. You cannot innovate because you might step on someone else toes, generally a very select few with APPLE being number one and Microsoft being the number two patent whore. The term troll does not seem to match to me as there basically seeking to sell and hold intellectually unavailable parts of there knowledge, the most screwed up part of it is the infinitely ridiculous ones like the style of the corner of a smart phone being patented. (by APPLE I think but don't quote me) and M$ collecting money from almost everyone in the game period, Nokia does it as well, Google seems to only do it to those who try and do it to them first, but I am sure they do it as well sometimes. It chokes innovation and is a very bad state of affairs I think for the world in general.

Patent trolls stifle competition and are going to end up snuffing out a lot of small businesses with great ideas and potential for growth because of the desire to make money. While big corporations can handle million dollar hits and aren't as effected by fee's of lawyers and going to court (and can also afford better lawyers, making them less vulnerable to patent trolls), and even worse is when big companies use their existing ownership of patents and ability to buy them up as a way to stifle competition.

This system is sort of ensuring the big men stay on top and the little guys don't have a chance to rise up.

The patent system is definitely in dire need of reform

rapid1:

Yeah this crap is very sad and deducts from our advancement technologically speaking in a large way. You cannot innovate because you might step on someone else toes, generally a very select few with APPLE being number one and Microsoft being the number two patent whore. The term troll does not seem to match to me as there basically seeking to sell and hold intellectually unavailable parts of there knowledge, the most screwed up part of it is the infinitely ridiculous ones like the style of the corner of a smart phone being patented. (by APPLE I think but don't quote me) and M$ collecting money from almost everyone in the game period, Nokia does it as well, Google seems to only do it to those who try and do it to them first, but I am sure they do it as well sometimes. It chokes innovation and is a very bad state of affairs I think for the world in general.

Let's not forget IBM & Intel here, they are known for gobbling up patents.

Maybe one day, Back to the Future 2 will come true, and lawyers will be done away with. :-)

thunderdan602:

Maybe one day, Back to the Future 2 will come true, and lawyers will be done away with. :-)

Can we just focus on getting the hover board first?  Assuming there isn't a patent for it already...