Ask HN: I have an easily copyable killer idea with prototype.How to protect it?
You will call me crazy but please bear with me. I have a killer bitcoin idea that can spread mass adoption and would be really valuable but is easily replicable. It could be really big but is so obvious that it can be implemented at home. Yet, no one is doing it yet. How do I go about protecting it?
I don't want to patent the idea because I am against patents. Should I open source it? Start as non-profit? I am located in India.
22 comments
[ 4.5 ms ] story [ 54.1 ms ] threadIf your idea is truly as simple and lucrative as you perceive, then no matter how much protection you apply somebody will get greedy and find ways around the most comprehensive protection measures, being illegal is never a consideration if there is big money to be made.
Even if you weren't against patents, I would advise against it unless you have a lot of money to secure international patent protection and then you will need even more money to sue the many infringers. Patents are really for the large corporates who don't even blink when paying their lawyers millions.
Open source is good, but are you prepared to invest the time and effort for little not financial reward? Of course, you could become famous, but that also needs luck to be on your side.
I think if I can't make money, I should consider being famous.
It is something like you had invented a car shield wiper. You can't write a paper about it. I think I'll just make a blogpost and hope it gets some reputation.
What is the purpose of "protecting it"?
Isn't "protecting it" at cross purposes to making it go viral?
The best protection is first-mover advantage. Take more market share than any competitor can easily gain back, and do it quickly, preemptively. Attach your brand to it somehow; that way your brand becomes famous and the kudos will attach to you.
People worry a lot about protecting their precious ideas when they should be implementing them to see if it's what the market really wants. Good ideas are a dime a dozen. Good implementers are not.
Best of luck, I hope what you've got is transformative.
You could also try to become the standard referal in the community of hardcore users you want, such open source, early adopter geeks, mac fanboys or whoever you are targeting, but remember you can't be liked by everyone and copy/competition is a natural part of success.
Ideas are easy, it's the execution that is hard.
If you don't execute on it, eventually someone will 'discover' the same idea and do it. If you do execute on it and it's good/popular they will clone it.
Make yours the first/brand name version.
Brainstorm how to do it right then make it happen.
Good luck.
1. The idea is hard to replicate quickly.
2. It can be patented or copyright and you have the resources to enforce these rights.
3. The idea has first mover advantage allowing you capture and retain the market.
If you don’t have one of these you have a good idea, but not one that will make any money. True good ideas are rare.
https://news.ycombinator.com/item?id=9206629
Hoping to get some opinions on how to go forward.
Regarding your question: It sounds like you only want to execute the idea for the money. I think: Either love the idea so much that you do it no matter what, or find some other idea that you can do for the love of it.
Pick some businesses such as Coca Cola and look at why they are so successful with such a replaceable product.
And once it's done, there's no reason someone else won't execute it another way.