Bitcoin Legal Defense Fund (BLDF) recently delivered on its promise to fund the legal costs of 11 Bitcoin developers who are the targets of the lawsuit by self-proclaimed Bitcoin inventor Craig Wright. According to Alex Morcos, (BLDF’s) “mission is to protect innovation by protecting developers from legal intimidation”.
The future of open source software development
Bitcoin Legal Defense Fund (BLDF), a fund backed by Jack Dorsey, has announced that it will make its services available to 11 Bitcoin developers named in a lawsuit brought by self-proclaimed Bitcoin creator Craig Wright. According to the trio behind the fund, standing up for bitcoin developers not only eases the pressure on them, but ensures that the legal system won’t interfere with open source software development.
In a statement, Dorsey, who founded BLDF with Alex Morcos and Martin White, pleaded in defense of the eleven people. He said:
The results of these cases are important to everyone, even those who may not be interested in Bitcoin, as these lawsuits could have serious adverse effects on open source development as a whole, which will negatively impact our lives in ways we may not even realize until it’s too late.
In their defense deposit In a UK High Court on April 26, promoters called Wright’s claims a “fraudulent claim” and insisted his company, Tulip Trading Limited (TTL), deliberately took legal action knowing very well that she had no claim on the 111,000 missing. bitcoins.
Litigation against developers having “the intended effect”
Before taking up the defense of the 11 developers, the founding trio of the BLDF wrote a letter who explained the reasons why they launched the fund. According to the letter, the weight of the lawsuits and the threats of lawsuits “are having the desired effect”, as demonstrated by the defendants who capitulated. Therefore, BLDF’s goal “is to defend developers against lawsuits relating to their activities in the Bitcoin ecosystem,” the trio said.
Meanwhile, in a separate statement, Alex Morcos said the fund doesn’t just seek to uphold the “right of open source developers to freely create and share their code with the world for the greater good.” Morcos added that (BLDF’s) “mission is to protect innovation by protecting developers from legal intimidation.”
What are your thoughts on this story? Let us know what you think in the comments section below.
Image credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. This is not a direct offer or the solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service or company. bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.