James Turk applied for his patents in 1993.  E-gold began operation in 1996,
so e-gold cannot claim prior art.

I've read the patents and am unconvinced that there was any unique
invention.  He simply put together accounting, a computer, a network, and
gold as the medium being accounted.  But apparently the patent office
thought it was unique enough to grant two patents.   The patent is only
valid inside the United States and any countries that have an agreement with
the U.S. to honor U.S. patents.

The patent could probably be overturned if challenged; but for now it does
serve the useful purpose of preventing one of the giants like
Chase-Manhattan or Citybank from patenting the idea and then shutting down
e-gold with lawsuits.

HK-Kid





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