Twitter creator and Block CEO Jack Dorsey continues to support the Bitcoin (BTC) ecosystem. He has just announced the creation of a fund to support the network’s developers, who sometimes face legal threats. One of Craig Wright’s cases will be the first to be dealt with.
Jack Dorsey creates fund for Bitcoin developers
Jack Dorsey broke the news in an email to Bitcoin developers, which was shared on Twitter:
an email to the bitcoin dev mailing list from @jack explaining the Bitcoin Legal Defense Fund pic.twitter.com/y1XY3XG0IR
– Zack Voell (@zackvoell) January 12, 2022
The Bitcoin Legal Defense Fund is intended to protect developers who face lawsuits and legal threats, and who are sometimes forced out of business. According to the message, open source developers are particularly vulnerable, as they are often completely independent.
The fund is intended for developers of the Bitcoin network, but also of related protocols such as the Lightning Network, or privacy projects related to the cryptocurrency. It will help to find and hire lawyers, pay legal fees and establish defence strategies. It will initially be managed by a team of volunteers and lawyers, who will choose the organization’s priorities.
Craig Wright’s trial as first project
The release explains that the first case handled will be one of Craig Wright’s (many) court cases. The creator of Bitcoin SV (BSV), who has claimed for years to be Satoshi Nakamoto, had taken on Bitcoin (BTC) developers in February 2021.
The Bitcoin Legal Defense Fund will therefore take the lead and support the developers in question:
“[The Fund] will take over the coordination of the defense that exists in the Tulip Trading lawsuit against certain Bitcoin developers for alleged breach of fiduciary duty. “
The developers are accused of failing to allow Craig Wright to recover funds that were stolen, and thus of breaching their duty. This is just one of many lawsuits the man has filed over the years, but Jack Dorsey seems determined to start throwing a wrench in the works.
Block’s CEO launched a lawsuit against Wright last April, demanding that he stop claiming to have rights to the Bitcoin whitepaper. The saga has only just begun.
