07 Oct '13, 11pm

Bitcoin accidentally solved my startup's international banking problem

In the summer of 2012, a ruling in Germany called UsedSoft v Oracle ruled that if a consumer pays a one-time fee for a lifetime license of software, the consumer owns the software and can resell it. In the US, the opposite is true and an End User License Agreement can prevent a consumer from reselling their used software even if the consumer paid a one-time fee for a lifetime license of the software (for details see Vernor v Autodesk). The UsedSoft v Oracle ruling has big implications beyond just high-end software for businesses. It should definitely apply to iOS and Android apps. With the UsedSoft v Oracle ruling unlocking a large amount of software and apps in the EU, I set about creating an online marketplace where people can resell their apps and software. I'm an American citizen but my business needed to be based in Europe so that it would be protected by the German c...

Full article: http://pastebin.com/VSjCpYxt

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