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Tesla's Elon Musk proves why patents are passé:
Topic Started: Jun 19 2014, 01:21 AM (73 Views)
Darcie
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Skeptic
Quote:
 
As if transforming the global automotive, energy and space industries wasn't enough, Elon Musk has become the latest hero of the open source movement. And like some kind of King Midas, he's made a killing doing it.

Last week, Musk gave away all the patents on Tesla's electric car technology, allowing anyone — including competitors — to use them.

Tesla puts electric car patents into public domain

Now, even tech giants such as Apple, Google and Samsung are taking notice, backing off on lawsuits and considering better ways to share the inventions they own.

Giving away your patents is not supposed to make you rich. In fact, according to conventional wisdom, it should be just the opposite.


http://www.cbc.ca/news/technology/tesla-s-elon-musk-proves-why-patents-are-pass%C3%A9-don-pittis-1.2678359?cmp=rss

Very interesting.
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Delphi51
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There is no doubt patents are an impediment to progress. But I don't see how Musk will get rich by giving them away. He is hoping other companies will join the movement and give away their patents. Maybe even the ones Apple et al just paid billions for. Somehow it doesn't seem likely?
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Delphi51
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Musk is doing what rich people should all do: put their money to work on important things. This video shows his latest Falcon rocket take off and land. As cows watch.
https://m.youtube.com/watch?v=DgLBIdVg3EM
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