A Blighty-based Bitcoin bod has claimed the Winklevoss twins' cryptocurrency stock ticker has "taken influence" from his own open source service. The Zucker-baiters launched a website called Winkdex last week, which uses a patent-pending mathematical to formula to track the price of Bitcoin on several different exchanges. …
There's one hope I have...
that the Wanklevosses sink in everything they do.
Re: There's one hope I have...
Does El Reg have any Editors left?
Grammar needs to be cleaned up.
"...which uses a patent-pending mathematical to formula to track ..."
has computing an average been a patentable concept?
Re: Since when
Seeing as mathematics is not patentable then they are trying to get a computed formula to be patentable even though software isn't patentable.
However, the USA has enough patent lawyers to dig around this and the USPTO is to understaffed/unknowledgeable/apathetic to stop it.
Re: Since when
And there are, of course, powerful incentives within the USPTO to approve patents applications rather than deny them.
Re: Since when
The MP3 compression algorithm is just a mathematical formula but is patented and a licence is needed to encode audio to MP3. The argument is that a lot of work went into inital studies and testing to find a suitable set of weighting factors to give a balance between compression ratio, ease of operation and fidelity. The MP3 encoding technique (and just about all codecs) is based on decades old mathematical research that is free for everyone to use (the formulae), but you'd better not copy the mix of methods and the internal weighting factors of a well known one, or you will be sued.
It sounds like the Twinkle Twins have copied the basic technique (time varying, multi dimensional weighted averages, whatever...) and I'm sure they did a lot of original work and much testing before they hit upon their own unique weighting parameters.
Its fracebook all over again, im sure at some point they were planning in claiming he stole the idea from them.
Tip for the UK media, try covering UK companies and services for a change?
Maybe then we'd have some success instead of the US dominated online world.
It was only a matter of time before the Winklevoss twins stuck their oars in.
The Twinkie Twins
When even Larry Summers calls you and your twin spawn assholes you are really have taken douchebaggery to whole new level.
"...uses a patent-pending mathematical to formula..." ? ? ? !
Has someone alerted the Bar that they have someone who needs to be immediately removed from their ranks?
Even the highly, highly disfunctional US Patent Office clearly states on their website:
...abstract ideas (such as mathematical algorithms), natural phenomena, and laws of nature are not eligible for patent protection.
- NASA boffin: RIDDLE of odd BULGE FOUND on MOON is SOLVED
- SOULLESS machine-intelligence ROBOT cars to hit Blighty in 2015
- BuzzGasm! Thirteen Astonishing True Facts You Never Knew About SCREWS
- Worstall on Wednesday YES, iPhones ARE getting slower with each new release of iOS
- Microsoft's Euro cloud darkens: Redmond must let feds into foreign servers