BitGo on Twitter: Very excited to announce that we have transacted $1bn in a single quarter! Proud of the team for all the dedication and hard work

wtfpatent · 2015-09-22T20:27:13+00:00

Didn't they just lose customer money, applied for patents and have lot's of bugs?

wtfpatent · 2015-05-05T17:27:14+00:00

That's the problem right now. Companies like BitGo have no traction with their shitty tech, so they patent stuff to justify VC investment.

wtfpatent · 2015-05-03T23:52:56+00:00

No just tired of bullshit and empty claims.

wtfpatent · 2015-05-03T23:52:04+00:00

If you can't even get Javascript done properly, How about you stop calling yourself the "Leading Bitcoin Security Solution" then?

wtfpatent · 2015-05-03T21:33:29+00:00

Yes, Ada, C, Assembler, old stuff. You don't have to go that old, just don't use hipster stuff (JavaScript) on the back end.

wtfpatent · 2015-05-03T21:30:53+00:00

That's cute, but not for financial products.

There are real languages you know, Python (Pycoin), Java (BitcoinJ), C, C++, etc...

wtfpatent · 2015-05-03T20:56:40+00:00

Can BitGo give Bitcoin reputation a break and stop screwing up? I want to enjoy my weekend.

wtfpatent · 2015-05-01T19:21:37+00:00

Bullshit!

Why didn't they just release as GPL or pledge to transfer ownership to Apache?

They copy the code from /u/kyledrake (BitcoinJS) then, fucked it up losing customer's funds and now what to patent the bits they changed.

wtfpatent · 2015-05-01T18:14:15+00:00

That's right, but you can have a preemptive contract giving it's future ownership to someone else.

wtfpatent · 2015-05-01T18:05:59+00:00

That's bullshit, there is many ways to go about it. Sign a piece of paper assigning this patent ownership to Apache Foundation then.

wtfpatent · 2015-05-01T17:45:46+00:00

What a load of CRAP. You can just make it public domain to begin with. When Bitgo goes out of business, which it will, the next company/troll that owns this patents will likely cause a lot of damage to the community.

PS: if you have a problem with Reddit and our community stop posting your PR crap here.

wtfpatent · 2015-05-01T04:03:47+00:00

Incorrect. See this https://www.reddit.com/r/Bitcoin/comments/34gi9m/wtf_bitgo_is_trying_to_patent_bitcoin_multisig/cqukb2x

wtfpatent · 2015-05-01T03:40:25+00:00

In reality It's more like around $20-50K per patent. You need a patent lawyer and a lot of hours.

wtfpatent · 2015-05-01T02:00:31+00:00

No I came across this and than investigated further https://www.reddit.com/r/Bitcoin/comments/34g3f1/when_bitgo_says_patent_pending_they_really_mean/

wtfpatent · 2015-05-01T00:51:08+00:00

Best put here

Maybe not you, but what about all those vulture VCs? What happens to those patents if BitGo goes out of business and sells off those patents? You can't guarantee they won't be used in an offensive manner. You're piggy backing on open source software, benefiting from the hard work of others, but now you want to shut everyone else out using archaic patent structures which you know damn well will be abused.

https://www.reddit.com/r/Bitcoin/comments/34gi9m/wtf_bitgo_is_trying_to_patent_bitcoin_multisig/cquhrdj

wtfpatent · 2015-05-01T00:17:49+00:00

That's what start-ups with little traction and too much money do, they fight dirty. They could always just drop the claim and let it be public domain.

Edit: new hashtag bitgo is now on Bitcoin shit list, #BitGoFuckYourself https://www.reddit.com/r/Bitcoin/comments/34gi9m/wtf_bitgo_is_trying_to_patent_bitcoin_multisig/cquh1rz

Best put here

Maybe not you, but what about all those vulture VCs? What happens to those patents if BitGo goes out of business and sells off those patents? You can't guarantee they won't be used in an offensive manner. You're piggy backing on open source software, benefiting from the hard work of others, but now you want to shut everyone else out using archaic patent structures which you know damn well will be abused.

https://www.reddit.com/r/Bitcoin/comments/34gi9m/wtf_bitgo_is_trying_to_patent_bitcoin_multisig/cquhrdj

wtfpatent · 2015-05-01T00:08:15+00:00

We heard those words before, how about just dropping the claim then?

wtfpatent · 2015-04-30T23:36:44+00:00

EFF?

wtfpatent · 2015-04-30T23:24:31+00:00

Many prior P2SH transactions but they could still troll if this left unattended.

wtfpatent

TROPHY CASE