Author: Prayank 2022-01-13 10:13:11
Published on: 2022-01-13T10:13:11+00:00
A Bitcoin Legal Defense Fund has been created to help developers defend themselves against lawsuits related to their activities in the Bitcoin ecosystem. The fund will provide financial assistance for legal bills and a corps of volunteer and part-time lawyers will be available to help with litigation strategy and retaining defense counsel. The board of the fund will determine which lawsuits and defendants it will help defend. This is a free and voluntary option for developers to take advantage of if they so wish. The initiative has received positive feedback as it will allow developers to focus on development without worrying about rich scammers or wasting time and money on legal issues. However, there are some suggestions for improvement. It is suggested that the name of the fund could be misleading for newcomers and potentially confused with an official Bitcoin legal fund. Additionally, it is recommended that those involved in such important funds refrain from commenting or influencing discussions related to soft forks. Overall, this initiative is seen as a beneficial step towards protecting developers and promoting the growth of the Bitcoin ecosystem.
Updated on: 2023-06-15T15:09:44.193976+00:00