Bitcoin Legal Defense Fund (BLDF) to Support Core Developers in Lawsuit Against Craig Wright
According to reports, the Bitcoin Legal Defense Fund (BLDF), supported by Jack Dorsey, the CEO of Block (formerly Square), supports core developers to file a lawsuit against Craig
According to reports, the Bitcoin Legal Defense Fund (BLDF), supported by Jack Dorsey, the CEO of Block (formerly Square), supports core developers to file a lawsuit against Craig Wright. Jessica Jonas, the chief legal officer of the Bitcoin Legal Defense Fund, stated that the Bitcoin Legal Defense Fund came forward to defend the rights of free and open source software. （decrypt.co）
Bitcoin Legal Defense Fund is supporting core developers to file a lawsuit against Aoben Cong
The Bitcoin Legal Defense Fund (BLDF) has announced its support for a legal battle against Craig Wright, the Australian computer scientist who claims to be Bitcoin’s inventor, Satoshi Nakamoto. The BLDF, which is backed by Jack Dorsey, the CEO of Block (formerly Square), aims to defend the rights of free and open-source software.
Who is Craig Wright?
Craig Wright is a controversial figure in the crypto world and beyond, as he has claimed to be the elusive creator of Bitcoin, Satoshi Nakamoto, since 2015. However, his claims are widely disputed, as he has failed to provide any concrete evidence to support them.
Wright is known for making bold statements, threatening legal action against those who question his claims, and attempting to patent and trademark aspects of Bitcoin’s code and technology.
What is the Bitcoin Legal Defense Fund (BLDF)?
The Bitcoin Legal Defense Fund (BLDF) is a non-profit, pro bono legal fund that supports people and organizations in the Bitcoin ecosystem who face legal challenges, particularly those who cannot afford an attorney or don’t have the expertise to navigate legal proceedings.
The BLDF, which was launched in 2019, aims to protect the open-source nature of Bitcoin and other blockchain-based technologies by defending them against legal threats.
Why is the BLDF Supporting Core Developers in the Lawsuit Against Craig Wright?
The BLDF’s chief legal officer, Jessica Jonas, stated that the lawsuit was initiated to protect the rights of free and open-source software developers, including those who contribute to Bitcoin’s codebase.
According to the BLDF, Craig Wright is attempting to use frivolous lawsuits to intimidate and silence the developers who work on Bitcoin, including those responsible for maintaining the protocol’s core code.
By supporting the developers in this legal battle, the BLDF hopes to send a clear message that open source and decentralized technologies like Bitcoin cannot be monopolized or controlled by any individual or entity.
What Does This Mean for Bitcoin and Cryptocurrency?
The BLDF’s support for the core developers against Craig Wright highlights the importance of defending the decentralized nature of Bitcoin and other cryptocurrencies. While there are individuals who seek to control and monopolize the technology for their benefit, it’s important to remember that the strength of cryptocurrencies lies in their decentralized and open nature.
By standing up to legal threats and attempting to monopolize the technology, the Bitcoin ecosystem can maintain its autonomy and continue to innovate and grow.
Conclusion
The Bitcoin Legal Defense Fund’s support for core developers in the legal battle against Craig Wright is a step towards defending the decentralized nature of Bitcoin and promoting the rights of free and open-source software developers.
Bitcoin’s strength lies in its decentralized nature, which ensures that no single entity can control or monopolize the technology. By supporting the developers who maintain the core code of Bitcoin, the BLDF is protecting the integrity of the protocol and promoting innovation and growth in the crypto ecosystem.
FAQs
**1. Who is behind the BLDF?**
The BLDF is a non-profit, pro bono legal fund that is backed by individuals and organizations in the Bitcoin ecosystem who are committed to defending the rights of free and open-source software developers.
**2. Why is Craig Wright controversial in the crypto world?**
Craig Wright is controversial in the crypto world because of his claims to be Satoshi Nakamoto, the elusive creator of Bitcoin. However, his claims are widely disputed, and he has failed to provide any concrete evidence to support them.
**3. What can individuals and organizations in the Bitcoin ecosystem do to support the BLDF?**
Individuals and organizations in the Bitcoin ecosystem can support the BLDF by donating to the fund or spreading the word about its mission to defend the rights of free and open-source software developers.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/18612/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Cardano (ADA) Coin Holders in Floating Loss Status
On March 6, according to the data of IntoTheBlock, about 3.53 million Cardano (ADA) current-holding addresses are in floating loss status, accounting for about…
-
What currency is TRX?
What currency is TRX? According to the latest news, TRX is a token pegged to th
-
US Regional Bank Stocks Show Resilience Amidst Market Uncertainty
It is reported that the US stock market of regional banks continued to rise before the market, with the increase of WAL. N expanding to 20%, the first republic bank (FRC. N) now up 22%, and the Western Pacific Union Bank (PACW. O) up more than 30%. US stocks of regional banks continued to rise ahead of the market, and the growth of the Western Bank of Arians expanded to 20% Analysis based on this information:Despite the unstable environment of the stock market due to the COVID-19 pandemic, regional banks in the US have displayed an impressive resilience. As per reports, the US stock market of regional banks continued to rise before the market, with the increase of WAL. N expanding to 20%. The upswing has benefited several banks, including First Republic Bank and Western Pacific Union Bank, both of which have witnessed notable growth in their stock prices. First Republic Bank (FRC. N) has seen a steep rise of…
-
Narwhal Finance Raises US $1 Million Funding for Sustainable Contract Platform
It is reported that Narwhal Finance, a sustainable contract platform based on BNB Chain and Arbitrum, completed a US $1 million financing, with Animoca Ventures leading the investm
-
Bitcoin Network Update: Unconfirmed Transactions and Difficulty Level
According to reports, BTC.com data shows that there are currently 8687 unconfirmed transactions across the Bitcoin network, with a computing power of 349.43 EH/s and a 24-hour tran
-
Singapore Monetary Authority prepared to provide liquidity for Credit Suisse incident
According to reports, the Singapore Monetary Authority has stated that it is prepared to provide liquidity to ensure stability, and Credit Suisse customers will continue to have full access rights. The domestic financial system will continue to be closely monitored, and UBS’s main business in Singapore is not retail. The Credit Suisse incident will not affect the stability of Singapore’s banking industry. Currently, Credit Suisse continues to operate continuously in Singapore. During the takeover process, close contact will be maintained with the Swiss Financial Market Supervision Authority, Credit Suisse and UBS. Monetary Authority of Singapore: Ready to provide liquidity to ensure stability, Credit Suisse clients will continue to have full access rights Analysis based on this information:The recent Credit Suisse incident has caused concern among the public and market participants. The Singapore Monetary Authority has issued a statement indicating its preparedness to take action to ensure stability in the financial system. The authority is willing to provide liquidity to Credit…
-
Continuing Steady Growth of Bitcoin Lightning Network Nodes
According to the report, 1ML data shows that the current number of Bitcoin lightning network nodes is 16052, an increase of 0.65% in the past 30 days; The numb…
-
ETH Whale Sells Most of SHIB Position
On February 14, according to WhaleStats, about 14 hours ago, an ETH whale named \”BlueWhale0073\” bought 223077962531 SHIBs, valued at $2755012. So far, however,…
-
Hermes takes legal action to protect Birkin bags from NFT sale
It is reported that Hermes, a luxury fashion brand, requested the federal court to prohibit the sale of NFT based on Birkin bags. Hermes said in its submission…
-
Hong Kong Soars in the Web3 Industry
It is reported that on February 22, the \”Hong Kong concept has soared and the mysterious oriental power has risen\” Twitter Space hosted by Meta Era and OKX off…
-
Twitter Collaborates with eToro to Provide Access to Stocks, Cryptocurrencies, and other Financial Assets
According to reports, Twitter will collaborate with the multi asset investment platform eToro to provide users with access to stocks, cryptocurrencies, and other financial assets.
-
How Trezor’s Control of Silicon Chips Production Revolutionizes Hardware Wallets
It is reported that Trezor, the encryption hardware wallet, has controlled the production of silicon chips of its flagship Model T products by promoting the ma…
-
OKT Chain and Multi Virtual Machine Vision: Integrating WebAssembly for Better Innovation
According to official news from OKX, in order to achieve the OKT Chain (OKTC) multi virtual machine (VM) vision, OKT Chain has integrated WebAssembly (Wasm) technology to become a
-
Will Zcash Prevail as the Ultimate Privacy Cryptocurrency Despite Recent Setbacks on Ethereum?
On April 13th, Zooko Wilcox, the founder of cryptocurrency Zcash, stated on Twitter: \”The two largest privacy services on Ethereum have been shut down: Tornado Cash sanctioned by O
-
Blockchain Technology Brings Advantages to Copyright Management in China
It is reported that at the 7th China Network Copyright Protection and Development Conference, the China Copyright Association released the Report on the Applic…
-
The Cautionary Reminder of Investing in Conversational Artificial Intelligence
On February 15, Vint Cerf, the vice president of Google and known as the \”father of the Internet\”, said at a conference in California, the United States, that …