Jack Dorsey Announces Bitcoin Legal Defense Fund (cointelegraph.com) 23
Former Twitter CEO and Block founder Jack Dorsey has announced plans to create a "Bitcoin Legal Defense Fund" with Chaincode Labs co-founder Alex Morcos and Martin White, who appears to be an academic at the University of Sussex. CoinTelegraph reports: The announcement was sent on a mailing list for Bitcoin developers, bitcoin-dev, at 13:45 UTC on Wednesday from an email address appearing to belong to Dorsey. The announcement stated the fund will help provide a legal defense for Bitcoin developers, who are "currently the subject of multi-front litigation." "Litigation and continued threats are having their intended effect; individual defendants have chosen to capitulate in the absence of legal support," the email stated, referencing open-source developers who are often independent and, therefore, susceptible to legal pressure.
The announcement went on to describe the Bitcoin Legal Defense Fund as a "nonprofit entity that aims to minimize legal headaches that discourage software developers from actively developing Bitcoin and related projects." "The main purpose of this Fund is to defend developers from lawsuits regarding their activities in the Bitcoin ecosystem, including finding and retaining defense counsel, developing litigation strategy, and paying legal bills," it stated. Initially, the fund will include volunteers and part-time lawyers for developers to "take advantage of if they so wish," although, the email also states that "the board of the Fund will be responsible for determining which lawsuits and defendants it will help defend." According to the email, the fund's first project will be to take over the existing defense of Ramona Ang's "Tulip Trading Lawsuit" against developers for alleged misconduct over access to a Bitcoin (BTC) fortune.
The announcement went on to describe the Bitcoin Legal Defense Fund as a "nonprofit entity that aims to minimize legal headaches that discourage software developers from actively developing Bitcoin and related projects." "The main purpose of this Fund is to defend developers from lawsuits regarding their activities in the Bitcoin ecosystem, including finding and retaining defense counsel, developing litigation strategy, and paying legal bills," it stated. Initially, the fund will include volunteers and part-time lawyers for developers to "take advantage of if they so wish," although, the email also states that "the board of the Fund will be responsible for determining which lawsuits and defendants it will help defend." According to the email, the fund's first project will be to take over the existing defense of Ramona Ang's "Tulip Trading Lawsuit" against developers for alleged misconduct over access to a Bitcoin (BTC) fortune.
I smell something fishy (Score:2, Insightful)
Something is going on, and I don't like the smell of it
Money. (Score:3, Insightful)
It's always about money. That includes, the laundering and tax avoidance parts. Here you go [bloomberg.com], this is from 2 hours ago, Heaven's Gate grew a beard.
Re: (Score:2)
Do you even know who Jack Dorsey is? He founded Twitter, one of the most open and permissive social platforms, which regularly gets criticised for not removing stuff. Are there any mainstream networks that are less fascist authoritarian than Twitter?
Re: (Score:3)
You actually believe that?
Excuse me. Gonna go laugh my ass off.
Re: (Score:2)
Usually the person making the extraordinary claim has the burden of proof.
Re: (Score:2)
Well, since you're claiming the burden of proof...
Knock yourself out.
Re: I smell something fishy (Score:2)
Honestly, Facebook. There's far less controversy with suppression of users. That Wikipedia has an article dedicated to Twitter suspensions, with no corresponding article for other mainstream platforms, is telling. Twitter has a tiny fraction of the active users Of Facebook and other top ten platforms yet attracts far more noise concerning user suppression.
None of the major platforms are particularly good. I'd rate Twitter and Reddit as the least open. Facebook's more focussed on invading privacy, and YouTub
Re: (Score:2)
Jack is a fascist who forces progressive ideology on all his citizen-.... I mean users
Christmas 2022 (Score:1)
Christmas came early in 2022.... time to get the popcorn.
In this corner the lefty's lefty Jack Dorsey. Normally lauded by other lefties.
In the other corner Crypto, hated by lefties.... combined with sue happy culture also hated by lefties.
Now that they have joined forces let's see how this plays out, LOL.
Yeah? (Score:2)
Fuck Jack Dorsey. He's a shill.
Internet Days (Score:2)
Re: (Score:1)
race science, funded for decades by industrialist backers. Also known as "Eugenics,"
Eugenics have nothing to do with races.
Overall, what a pile of bull feces.
We have a bunch of Nobel laureates in economics speak up about crypto "currencies".
For some weird reason, all dub it as "financial bubble at best".
Re: (Score:2)
This is something that has me wondering. I wouldn't be surprised if all the cryptocurrency stuff infringed on some patent... somewhere. With how vaguely worded patents can be, I'm sure someone, somewhere has something that might be relevant to cryptocurrencies in general.
I am actually surprised someone isn't going after exchanges, wallet makers, maybe even cryptocurrency owners for IP violations yet. The cellphone market was far smaller when the patent wars began around 2010, and probably took billions t