[hpatel]

Patents help the inventor in the following ways: 1. Capture value/recover costs from the application of the invention. Inventors gain, society's gain. 2. Receive portion of value created by third party who applies the patent. Inventor's gain, society's gain, and third party's gain from application of patent and loss from sharing patents. 3. Restrict others from using the invention to create value. Inventor's gain, society's loss, third party's loss.

Most people against patents have a problem with 3). But, what if we figured out a way to standardize 2)... i.e. rather than preventing everyone else from using the patent, we figured out a standard system to proportionally reward the inventor with the value created by the application of the invention. Say 10% of all money made by application of patent (via direct/indirect monetization).

In such a system, the original intent behind patents of rewarding the inventor is maintained, society as a whole is able to benefit from the invention, and pace of innovation is accelerated.