{"id":20439,"date":"2023-05-01T10:00:06","date_gmt":"2023-05-01T10:00:06","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/jack-dorsey-backed-bitcoin-legal-defense-fund-supports-open-source-developers-in-lawsuit-with-craig-wright-featured-bitcoin-news\/"},"modified":"2023-05-01T10:00:06","modified_gmt":"2023-05-01T10:00:06","slug":"jack-dorsey-backed-bitcoin-legal-defense-fund-supports-open-source-developers-in-lawsuit-with-craig-wright-featured-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/jack-dorsey-backed-bitcoin-legal-defense-fund-supports-open-source-developers-in-lawsuit-with-craig-wright-featured-bitcoin-news\/","title":{"rendered":"Jack Dorsey-Backed Bitcoin Legal Defense Fund Supports Open Source Developers in Lawsuit With Craig Wright \u2013 Featured Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Bitcoin Legal Defense Fund (BLDF) recently delivered on its promise to fund the legal costs of 11 Bitcoin developers that are the target of the self-proclaimed Bitcoin inventor Craig Wright\u2019s lawsuit. According to Alex Morcos, the \u201cmission [of BLDF] is to safeguard innovation by shielding developers from legal intimidation.\u201d<\/strong><\/p>\n

The Future of Open-Source Software Development<\/h2>\n

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 the 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 the legal system will not interfere with open-source software development.<\/p>\n

In a statement, Dorsey, who founded BLDF along with Alex Morcos and Martin White, argued the case for defending the eleven individuals. He said<\/a>:<\/p>\n

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The outcomes of these cases are important for everyone, even those who may not be interested in Bitcoin, because these lawsuits could have serious detrimental effects on open-source development writ large, which will negatively impact our lives in ways we may not even realize until it\u2019s too late.<\/p>\n<\/blockquote>\n

In their defense filed<\/a> with a High Court in the United Kingdom on April 26, the developers characterized Wright\u2019s allegations as \u201ca fraudulent claim\u201d and insisted his firm, Tulip Trading Limited (TTL) had deliberately commenced legal proceedings knowing full well it has no claim over the missing 111,000 bitcoins.<\/p>\n

Litigation Against Developers Having the \u2018Intended Effect\u2019<\/h2>\n

Before jumping to the defense of the 11 developers, the BLDF founding trio penned a letter<\/a> that explained their reasons for launching the fund. According to the letter, the weight of continued litigation and the threats of more are \u201chaving their intended effect\u201d as has been demonstrated by defendants that have capitulated. Therefore, the objective of BLDF \u201cis to defend developers from lawsuits regarding their activities in the Bitcoin ecosystem,\u201d the trio said.<\/p>\n

Meanwhile, in a separate statement, Alex Morcos said the fund not only seeks to defend the \u201cright of open-source developers to create and freely share their code with the world for the greater good.\u201d Morcos added that the \u201cmission [of BLDF] is to safeguard innovation by shielding developers from legal intimidation.\u201d<\/p>\n

What are your thoughts on this story? Let us know what you think in the comments section below. <\/strong><\/em><\/p>\n

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\nTerence Zimwara <\/h6>\n

\nTerence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> 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.<\/p>\n<\/div>\n

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