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The Trolls Are Coming: Defending Bitcoin Mining from Patent Trolls
- Malikie Innovations Ltd., a patent troll, filed lawsuits against Bitcoin mining firms claiming infringement on ECC-related patents acquired from BlackBerry.
- The lawsuits seek damages and injunctions, potentially imposing licensing on core Bitcoin functions.
- Defensive strategies include invalidating patents, Inter Partes Review (IPR), declaratory judgments, and motions to dismiss under Alice's test.
- IPR is cost-effective and fast, with a high success rate at invalidating patents, offering a potent defense against trolls.
- Community responses involve crowdsourced prior art searches, Bitcoin Legal Defense Fund, and industry alliances like COPA.
- Malikie's success could lead to financial strain, further lawsuits, and necessitate future safeguards within the Bitcoin community.
- The fight aims to demonstrate Bitcoin's core technologies as products of public research and collaborative development.
- The article provides insights into legal defenses, industry support, and community efforts to combat patent trolls targeting Bitcoin mining.
- The clash between Malikie Innovations and Bitcoin miners underscores the ongoing battle between open innovation and legacy IP rights.
- Overall, the community's unity and proactive measures are crucial in protecting Bitcoin's technological advancements from patent trolls.
- The industry's response to trolls can not only safeguard current operations but also foster innovation and growth in the Bitcoin ecosystem.
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