Monday, November 15, 2004

Renting Intellectual Property?

"Microsoft alum Nathan Myhrvold so strongly believes intellectual property is the next software that he's studying for the patent bar exam. His company, Intellectual Ventures, doesn't actually make anything - only patent attorneys roam the hallways. Myhrvold isn't the only true believer. Microsoft, Intel, Sony, Nokia, Apple, Google, and eBay have contributed to a $350M bankroll which the firm is using to buy up existing patents that can be rented to companies who want to produce real products." as reported by Slashdot.org

Pete's Points

If the people in these organisations are thinking of buying up intellectual property and then 'renting it out' to others then perhaps it is time that ordinary folk like you and me started to realise that our intellectual property is worth big bucks.

In short instead of giving away our information like internet surfing habits and shopping habits maybe it's time we started to charge those collecting this information for the priviledge. After all, they add their costs of finding out information and targeting their advertising etc. on to us in the form of upgraded charges.

I suspect that the person who can figure out how to block such searches and send the requestor a bill for the opportunity to pick our brains will make a fortune and will certainly have my support.

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