Used to think patents were important necessary part of free…

Twetch ·

Used to think patents were important necessary part of free markets.

Over the course of several years, books, articles, and arguments, I realized the opposite.

https://read.cash/@isaacmorehouse/how-i-changed-my-mind-on-intellectual-property-33033b49

Replies

Twetch ·

Nice work. Also, your YouTube videos are very entertaining.

Twetch ·

Hey thanks! Been having fun with them. Probably a new one later this week!

Twetch ·

I have sent a couple links to my friend in hopes of getting him into BSV. He is still stuck on XRP. I told him to keep holding some XRP just incase the Illuminati takes over but to shift his focus to Bitcoin (BSV).

Twetch ·

interesting. Same could be argued in favor of patent as well. I can protect my well researched/thought IP from big evil corporation before i execute my idea. If not, why would i bother investing my time/money/effort researching? for what benefit?

Twetch ·

Except all of history proves the opposite.

Check out the book mentioned. It's great. History of innovation is very different than assumed.

Twetch ·

I actually went the other route.
After skimming your article you make quite a few fallacies.
Quick notes : 'Original' Ideas are scarce!
IP protects brands and therefore protects consumers. Without IP everyone can copy and brands become indistinguishable.

Twetch ·

IP does not protect brands or consumers. Fraud laws already exist for that, combined with natural market forces and costly signalling. These predate any IP laws by hundreds of years.

Twetch ·

Just because fraud laws pre-exist IP doesn't make IP useless.

IP can consist of copyright, trademarks, design rights and patents.
Each of these are crucial for brands.

For eg. Trademarks exist so copycats don't destroy your brand.