Jack Dorsey's Fight Against Crypto Patent Trolls

Plus more crazy moves in DeFi

Happy Thursday, Blockfolians

The Lede

Welp, Square/Twitter’s Jack Dorsey is back to his awesome ways again. Square has just announced the Cryptocurrency Open Patent Alliance (COPA).

Twitter & Square CEO Jack Dorsey Wants More Cryptocurrency Engineers for  Crypto Project - AllStocks Network

The idea of COPA is simple. Instead of locking up technology in patents, participating crypto companies pledge to make their patents available to all the other members of the alliance. Think a network effect but for open patents.

From Square’s statement:

Locking up foundational cryptocurrency technologies in patents stifles innovation and adoption; and offensive use of patents by bad actors threatens the growth of cryptocurrency technologies

Excellent stuff!

Enjoying Blockfolio’s Market Refresh? Sign up to have it delivered every day.


Highly Relevant Reading

  • Uh oh. New sanctions targeting crypto addresses and Russian nationals around election interference

  • One of the most pro-crypto Congressman is now accepting crypto donations for the 2020 election cycle

  • Binance plows $100m into a new fund designed to bridge CeFi and DeFi

  • Overstock’s tZero wins FINRA approval for retail broker-dealer


Community Commentary

“Late” doesn’t mean “can’t make money”

Pretty fascinating discussion on key economic indicators

A Really Big Number We Should Be Paying Attention To  

$800M

That’s the amount of liquidity that moved from Uniswap to SushiSwap with yesterday’s migration.


Final Thought

Bang bang.