Bitcoin Legal Defense Fund Supports Core Developers to Sue 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 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

Bitcoin and its underlying technology, blockchain, have revolutionized the way how peer-to-peer transactions work. With Bitcoin’s whitepaper published in 2008, the cryptocurrency has since then become one of the most influential entities in finance industry. However, the decentralized nature of Bitcoin makes it quite challenging to regulate—leading to numerous controversies surrounding the industry. One of the latest controversies involves the Bitcoin Legal Defense Fund, supported by the CEO of Block (formerly Square), Jack Dorsey, which has decided to file a lawsuit against Craig Wright. Let’s take a closer look at this incident and understand what the issue is all about.

Background

According to recent reports, the Bitcoin Legal Defense Fund (BLDF) has decided to support core developers to file a lawsuit against Craig Wright. This action came after Wright filed a lawsuit against the anonymous owner of the website, Bitcoin.org, and Bitcoin Core developers for hosting the Bitcoin whitepaper on their platform. Wright claims that the whitepaper is his intellectual property and therefore, should not be distributed without his permission.

What is the Bitcoin Legal Defense Fund?

The Bitcoin Legal Defense Fund is a non-profit organization that came forward to defend the rights of free and open-source software developers. The organization provides legal assistance to those who are facing legal issues related to blockchain and cryptocurrency. The Bitcoin Legal Defense Fund is supported by some prominent figures in the industry, including Jack Dorsey, who donated $1 million to the fund in 2020.

Why is the Bitcoin Legal Defense Fund Supporting Core Developers to File a Lawsuit?

The BLDF is supporting Bitcoin Core developers because they believe that the developers have the right to distribute the Bitcoin whitepaper as it falls under the open-source license. Furthermore, the BLDF stated that this is not the first time Wright has made such claims. In the past, he has claimed to be the creator of Bitcoin (using the pseudonym Satoshi Nakamoto) but failed to provide any substantial evidence to support his claim. Therefore, the BLDF believes that this is just another attempt by Wright to gain publicity and make false claims.

Who is Craig Wright?

Craig Wright is an Australian computer scientist and businessman. He has been known for making controversial statements in the Bitcoin community, including claiming to be the creator of Bitcoin. Wright’s claims have been debunked several times in the past, but he continues to maintain his stance. In 2015, he was accused of illegally operating a Bitcoin trust fund and was later ordered to pay back $4.5 billion in Bitcoin to the rightful owners.

Conclusion

The BLDF’s decision to support Bitcoin core developers in their fight against Craig Wright is essential for the Bitcoin community. Given the decentralized nature of Bitcoin, it’s crucial to stand up against anyone who wants to control the technology for their own personal gain. The open-source license allows everyone to use Bitcoin’s underlying technology, and anyone can contribute to its development. Such lawsuits can set precedents, and it’s necessary to ensure that developers can continue to work without any fear of legal repercussions.
# FAQs

1. What is the Bitcoin Legal Defense Fund?

The Bitcoin Legal Defense Fund is a non-profit organization that provides legal support to those facing legal issues related to blockchain and cryptocurrency.

2. Why is the Bitcoin Legal Defense Fund supporting core developers in their lawsuit against Craig Wright?

The BLDF is supporting the core developers because they believe that the developers have the right to distribute the Bitcoin whitepaper as it falls under the open-source license.

3. Who is Craig Wright?

Craig Wright is an Australian computer scientist and businessman known for making false claims in the Bitcoin community, including claiming to be the creator of Bitcoin.