A recent letter to the Bitcoin Developers Mailing List written by Square founder Jack Dorsey notes that a legal defense fund has been set up for open source developers in order to protect them “from lawsuits related to their activities in the Bitcoin ecosystem.” Dorsey’s letter was also signed by Alex Morcos of Chaincode Labs and Martin White, co-founder of Hudson River Trading.
Jack Dorsey’s Open Letter to the Bitcoin Developer Mailing List Reveals the Bitcoin Legal Defense Fund
According to an open letter from Jack Dorsey, Alex Morcus, and Martin White, “the Bitcoin community is currently the subject of a multi-front lawsuit.” While the letter does not detail which of the legal cases the case developers are dealing with, it does state that “individual defendants have chosen to surrender in the absence of legal support.”
However, the letter alludes to Tulip Trading’s lawsuit, which includes Craig Wright, an Australian who claims to be Satoshi Nakamoto and the inventor of Bitcoin. “The Bitcoin Legal Defense Fund is a non-profit entity that aims to reduce legal issues that discourage software developers from actively developing Bitcoin and related projects such as the Lightning Network, Bitcoin privacy protocols, and the like,” the message from Dorsey, White, and states disco. The open letter continues:
The fund’s first activities will be to coordinate the current defense of Tulip Trading’s lawsuit against some of the developers alleging breach of agency duty and to provide the source of funding to outside attorneys. At this time, the fund is not seeking to raise additional funds for its operations but will do so at the direction of the Board of Directors if necessary for further legal action or to pay employees.
Bitcoin Community Appreciates Legal Defense Fund Efforts
The letter states that interested persons with questions or concerns can send an email to the fund team and the email domain is referred to as “bitcoindefensefund.org”. The website appears to be under construction at the moment, with a message from domain host Namebright stating that the site is “coming soon”. Of course, Bitcoin’s legal defense fund has become a file A trending topic on social media After the open letter is posted.
Open source developer Bryan Bishop chirp He is “very grateful to see Jack’s support in the Bitcoin Developer Legal Defense Fund.” Bitcoin Marty Girl booksShout out to Jack, Alex Morcus and Martin White for stepping up to protect bitcoin developers from getting caught up in lawsuits so they can focus on what they do best. Really cool to see the bitcoin developer mailing list tonight.”
What do you think of the Bitcoin Developer Legal Defense Fund information that Jack Dorsey published on the developer mailing list on Wednesday? Tell us what you think about it in the comments section below.
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