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DEF Buys Patent That Will Instantly Become Worthless As Soon As Someone Else Figures Out How To Sue Them Anyway

EthereumFeaturedNews 27 Barry Thompson August 13, 2024

An illustration: A cartoonish image depicting a giant hammer smashing down on an evil-looking troll with multiple patents attached to its back; one patent is being torn off and thrown away, while another falls from above like confetti; MakerDAO and Compound Protocol logos are shown as shields protecting the scene. In the background, there's a faint outline of OpenSea marketplace where NFTs are displayed in various shapes and sizes. The atmosphere around the troll has an eerie glow with dark clouds suggesting chaos is being dispelled by the hammer blow.

The patent troll drama continues! DEF buys a useless patent to save MakerDAO and Compound from getting sued by another worthless entity called True Return Systems (TRS). This is like buying a fire extinguisher for your house, but it’s filled with water instead of foam. It won’t put out any fires

Source: cointelegraph

DEF buys patent to stop lawsuits against MakerDAO and Compound
https://cointelegraph.com/news/def-ends-dao-lawsuits-makerdao-compund-patent-acquisition
The DeFi Education Fund (DEF) purchased a patent owned by True Return Systems (TRS) that was the basis of lawsuits against decentralized autonomous organizations MakerDAO and Compound Protocol for infringement.  The patent is for an oracle-like system for “separation and linkage of stacked modular data storage and processing.” DEF will “dedicate” the patent to the public, preventing the patent from being used in similar suits in the future. DEF characterized […]

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Barry Thompson

Barry’s crypto nightmare began when he bought Bitcoin at $3, thinking he’d stumbled upon the financial opportunity of a lifetime. He sold his stash at $100, only to watch in dismay as Bitcoin soared to absurd heights. Now, Barry channels his rage into scathing articles about the crypto circus, seething with resentment at the digital gold rush he barely missed. His motto: “I sold out at $100, but the joke’s on me because the real joke was believing in this absurd circus.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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