eBay May Lose 'Buy it Now' Button in Patent Case
Spamicles writes "A judge has delayed his ruling on the eBay patent infringement case. eBay has been involved in a legal dispute over the use of its popular "Buy it Now" button, which allows consumers to skip the bidding and purchase items on eBay directly. The patent suit was filed six years ago by MercExchange L.L.C. In May of 2003, a jury ruled in MercExchange's favor finding that eBay did in fact infringe on the patent, but in 2005 the US Supreme Court ruled that MercExchange was not automatically entitled to a court order blocking the offending service, essentially handing a victory down to patent reform advocates. However, the ruling by the Supreme Court does not affect the final judgment of the court."
That makes sense. Yay for software patents!
Doesn't even strike me as a software patent - more of a business process patent.
There are shills on slashdot. Apparently, I'm one of them.
Ebay vs MercExchange http://en.wikipedia.org/wiki/EBay_Inc._v._MercExch ange%2C_L.L.C.
the patent they are apparently fighting over [US Patent 5845265]
http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PT O1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fs rchnum.htm&r=1&f=G&l=50&s1=5845265.PN.&OS=PN/58452 65&RS=PN/5845265
Sigs are too short to say anything truly profound so read the above post instead.
Evidently the people who use these programs want the items you are bidding on more than you do, or it would not matter that they are entering last-minute bids. Enter as your maximum bid the highest possible price you would want to buy the item for, and it won't matter if somebody enters a bid at the last possible moment because you will automatically outbid them.
If you are not willing to do this, chances are the other person wants the item more than you do (i.e. is willing to pay more for it, no matter when they entered their bid) and thus you don't deserve to win it. The system is not broken.
audioLibre - freedom of music
How about "Skip bidding?"
Ironically, this already exists in stock markets (double auctions): Market Orders.
If you wanna bid, you do limit orders. If you want to skip bidding, you do market orders (to pay whatever price the other party wants).
This is a no-brainer---the fact that it's patentable is amazing.
"If anything can go wrong, it will." - Murphy