Or is this guy just an incredibly skilled troll with 30 years of experience in pulling the wool over people's eyes? I don't think so, though. He really seems to think that imposing massive amounts of friction on a system somehow makes it work better.
Wow. Just wow.
I mean, I'm not unsympathetic to the argument that patents can promote advancements by funneling money to inventors, however weak it starts sounding when you look at actual events in certain spheres. But the claim seems to be that nobody is going to bother to research improvements in an interesting, impactful technical area because they'll no longer be able to (1) invent something, (2) hire an army of lawyers, then (3) profit. Er, okay. Let the people who will only work with that sort of path go do their ICOs instead.