Main to remember
- Jack Dorsey initiated controversy by suggesting the deletion of IP law.
- The debate highlights the growing tension between defenders of decentralization and traditional legal frameworks.
Jack Dorsey wants to completely delete IP laws. Elon Musk supports the idea, but not everyone vibe with it.
The co-founder of Block and Twitter, now renamed X, said in a Friday declaration that all forms of intellectual property law, such as copyright or patents, should be abolished.
The declaration quickly sparked a discussion on X, while users weighed on the role of IP laws in the digital age and how to delete them could affect creativity and innovation.
Many, including Musk and Bitcoin Maximalist Max Keizer, showed the support of the idea. They argue that intellectual property laws stifle innovation and creativity.
Some have stressed that current IP laws are exceeded and poorly suited to the digital age, often creating artificial rarity and allowing monopolistic control.
However, many leaders and creators of technology have found the Dorsey Deputy Declaration. Chris Pavlovski, the CEO of Rumble, who recently joined the Bitcoin Reserve of the company, has greatly disapproved of Dorsey’s idea.
Pavlovski argued that without IP protection, large technological companies could freely use material protected by copyright to train their AI models without authorization or compensation to creators.
The co-founder of Story Protocol, Jason Zhao, published a screenshot of block patents in response to Dorsey’s call to remove IP laws.
According to Carol Roth, the successful author of the New York Times of “You have nothing”, IP laws are fundamentally essential to protect the rights of creators.
While recognizing the benefit of patents for inventors, the founder of Manna Bitcoin Wallet, Adam Simecka, said that the current IP system is often “abused by companies”. However, he thinks that the completely elimination of IP laws may not be the solution.
Musk previously said that patents are “for the weak”, although the technological magnate has used patents to protect certain innovations.
In June 2014, Musk published the Tesla patents. The company has chosen not to bring prosecution against patents against anyone, in good faith, wants to use Tesla technology.
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