Applying for a patent is a negotiation process in which you throw out a bunch of claims looking to get the best deal you can. You start with Claim 1 being a claim on the sidereal universe and all it contains and work your way down to more specific stuff. Depending on the skill of those writing the patent you will get more or less of the invention you actually wanted.
As you can see in the application they have already dropped the first 154 claims in the original application.
Looking at the application it seems to me what is most interesting is the last claim.
A computer-implemented method of providing an anonymous payment from a mobile device to a payee device to enable an electronic payment between a payer and a payee without provision of an account number or name from the payer
So its a mobile anonymous untraceable payment, something that BTC doesn't address but something a lot of smartphone users would probably like.
Micropayments are discussed in the specification but aren't mentioned in the claims so are just some bullshit to make the examiner think this is cool new stuff or something.
Not really what the story is talking about, but that's not surprising since Slashdot is pretty weak on anything to do with patents.