Jack Dorsey, CEO of Block and former CEO of Twitter, decided to create a non-profit organization to protect the rights and interests of open source Bitcoin developers who are often subjected to “lawsuits” and “threats.” I made a suggestion.
In an email sent to the Bitcoin Development Mailing List on January 12, Dorsey intended to protect Bitcoin developers from these threats to prevent contributors and moderators from being held hostage. I explained that there is.
The Bitcoin Legal Defense Fund aims to reduce legal issues that discourage software developers from actively developing related projects such as Bitcoin, Lightning Network and Bitcoin Privacy Protocol. It’s a nonprofit,” read the email.
October 2021, Bitcoin Core Supervisor Jonas Schnelli get off Citing the “increased legal risks for Bitcoin developers” from the project, he suggested that new contributors are “participating anonymously.” In December, two other developers left the project, Samuel Dobson He said At the beginning of the month, he stopped maintaining Bitcoin Core after three years of dedication to focus on his PhD, followed a few days later by John Newbery. far He worked on Bitcoin’s development by saying, “I was moving on to something else.”
Dorsey’s initiative “seeks and retains attorneys, develops litigation strategies, and pays legal costs,” according to an email signed by the fund’s board of directors jointly with Alex Morcus, co-founder of Chaincode Labs. By doing so, we aim to prevent such losses from occurring. Academic Martin White.
“This is a free and voluntary option available if the developer so desires,” the email states. The fund starts with a team of volunteers and part-time lawyers. The board of directors of the fund is responsible for determining the actions and defendants who can assist in the defense.”
According to the email, the fund’s number one activity is to take over and coordinate the defense of the Tulip Actions. Craig Wright claims to be the victim of a private key theft linked to the leaked billions of dollars worth of Bitcoin. With Hack Mountain Gox. Several of the defendants are prolific Bitcoin developers responsible for Bitcoin Core, including Schnelli, Wladimir Van Der Laan, Marco Falke, Pieter Wuille, Peter Todd and Matthew Corallo.
The email also stated that the initiative is not seeking additional funding at this time, but may do so at the Board’s discretion if needed in the future.