Just yesterday we were discussing why societies tended to move away from bartering and to a monetary-based transaction system because it was more efficient. Specifically, we were discussing why the idea behind Peerflix and the multitude of other online bartering sites seem unlikely to become particularly compelling businesses. However, there was one other point, not covered in the original article on Peerflix's move away from a strict barter site. It appears that the company is excited to start enforcing a patent it recently bought that covers method of exchanging goods over the internet. Effectively, the patent covers a computer-based bartering system. It takes the concept of bartering, puts it on a network, and voila, it's suddenly patentable, despite thousands upon thousands of years of history concerning how barter systems work. The fact that there have been a ton of online bartering companies over the years apparently isn't evidence enough that this is hardly a "non-obvious" idea. But, of course, now that Peerflix owns the patent, they might as well use it: "There would be no reason to own the patent unless we intended to flex our muscles around it," claims the company's CEO. Given the failure of the company's original business model (similar to the failures of every other bartering-based business models) this looks like yet another case of failed companies falling back on patent lawsuits.
If you liked this post, you may also be interested in...
- Mississippi Attorney General Jim Hood Thinks Google Is To Blame For Infringement On The Web
- Feds To FISC: Of Course We Don't Have To Share Our Full Legal Filings With Companies Suing Us Over NSA Transparency
- Kansas City Cops Tell Man They'll Kill His Dogs And Destroy His Home If Forced To Obtain A Search Warrant
- Most Big Internet Companies Speak Out For Major Surveillance Reform
- Witness In No Fly List Trial, Who Was Blocked From Flying To The Trial, Shows That DOJ Flat Out Lied In Court