Comment Re:Has nothing to do with bitcoin. (Score 1) 292
You're missing the point. Businesses who do transactions with Bitcoin might be sued for infringing claims in the patent, even if the patent itself has nothing to do with Bitcoin. I read the patent and couldn't find anything I recognized as new. Just a very detailed description of a simple electronic financial transaction. The detail given seems to try to obscure instead of clarify, in my opinion, because there is so much of it that is not necessary. An excerpt from claim 155 of the patent:
...storing, in a computer memory at a host server, payer information and instructions; and accessing the computer memory using a computer processor to retrieve the payer information...
Now, is there an electronic financial transaction which does not infringe on this?
Now, is there an electronic financial transaction which does not infringe on this?