Jack Dorsey-Backed Bitcoin Legal Defense Fund Backs Open Source Developers In Lawsuit With Craig Wright – Featured Bitcoin News
The Bitcoin Legal Defense Fund (BLDF) recently delivered on its pledge to fund the legal costs of 11 Bitcoin developers who are the target of self-proclaimed Bitcoin inventor Craig Wright’s lawsuit. According to Alex Morcos, “the mission [of BLDF] is to ensure innovation by shielding developers from legal threat.”
The future of open source software development
The Bitcoin Legal Defense Fund (BLDF), a Jack Dorsey-backed fund, has said it will make its services available to 11 Bitcoin developers named in a lawsuit filed by self-proclaimed Bitcoin creator Craig Wright. According to the trio behind the fund, defending Bitcoin developers not only eases the pressure on them, but ensures that the legal system will not interfere with open source development.
In a statement, Dorsey, who co-founded BLDF with Alex Morcos and Martin White, argued in defense of the eleven individuals. He said:
The results of these cases are important to everyone, even those who may not be interested in Bitcoin, because these lawsuits could have serious detrimental effects on open source development, which will negatively impact our lives in ways we may not even realize before it’s too late.
In their defense filed at a UK High Court on April 26, the developers characterized Wright’s claims as “a fraudulent claim” and insisted that his company, Tulip Trading Limited (TTL), had deliberately launched legal proceedings knowing it had no claim. over the missing 111,000 bitcoins.
Lawsuits against developers having the intended effect
Before jumping to the defense of the 11 developers, the BLDF founding trio wrote a letter explaining their reasons for launching the fund. According to the letter, the weight of continued litigation and threats of more “have the intended effect,” which has been demonstrated by defendants who have surrendered. Therefore, the goal of the BLDF is “to defend developers from lawsuits regarding their activities in the Bitcoin ecosystem,” the trio said.
Meanwhile, in a separate statement, Alex Morcos said the fund seeks not only to defend “the right of open source developers to create and freely share their code with the world for the greater good.” Morcos added that “the mission [of BLDF] is to ensure innovation by shielding developers from legal threat.”
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