.JoelKatz argues that imposing liability on Bitcoin developers is 'complete nonsense'
"What you are arguing caused people to be locked out or lose funds is the outcome of a public debate over what code bitcoin nodes should run. This is an attempt to impose liability on people for making particular arguments to the public on an important issue," Schwartz tweeted.
Wright's lawsuit alleges that the developers owe him fiduciary duties under English law and stems from his claim that he lost billions of dollars worth of Bitcoin in the Mt. Gox hack. The legal showdown has raised questions about the role of court orders and public debate in the development of the blockchain community.
Schwartz has referred to Wright's attempt to use the courts to compel developers to advocate for his position as"vile" and"grotesque." The lawsuit is set to be a major event in the ongoing development of the blockchain community and could have substantial implications for the responsibilities of developers in the future.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ripple CTO Claims XRP Buyback Program Is a Scam.JoelKatz has dismissed the ludicrous XRP buyback proposal as a scam
Read more »
More Than 7,000 Ordinals Inscriptions Have Already Been Included on the Bitcoin Blockchain – Bitcoin NewsThe Ordinals protocol, which came about due to a feature present in the Taproot update, already has served to bring more than 7,000 inscriptions (Bitcoin NFTs) to the blockchain.
Read more »
How Bitcoin NFTs Might Accidentally Fix Bitcoin's Security BudgetOrdinal NFTs will be at its very best a means to strengthen the bitcoin transaction fee market and at worst a spectacular fad that fades away with no wider negative consequences for Bitcoin. gckaloudis writes for The Node.
Read more »
Bitcoin Miners Hut 8, US Bitcoin Corp. Announce MergerBitcoin mining firms Hut8Mining and U.S. Bitcoin Corp. are merging to form a new company with access to 825 MW of energy. Egreechee reports
Read more »
Bitcoin miners Hut 8 and US Bitcoin merge to form new US-based entityHut 8 and US Bitcoin will merge to form Hut 8 Corp. The new company will have 5.6 EH/s of self-mining and access to 825 megawatts across six sites.
Read more »
Reddit User Discovers 7zip File Possibly Linked to Julian Assange Hidden in Bitcoin Blockchain – Bitcoin NewsAn old file was discovered hidden in Bitcoin blockchain that may be linked to Julian Assange, the whistleblower and founder of Wikileaks.
Read more »