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Self-proclaimed Bitcoin inventor's $2.5B lawsuit can go to trial

3 pointsby yurikoover 2 years ago

1 comment

trompover 2 years ago
&gt; Australian computer scientist Wright is suing 15 developers in an effort to retrieve around 111,000 bitcoin – currently worth about $2.5 billion – after he lost the encrypted keys to access them when his home computer network was allegedly hacked.<p>&gt; Judge Colin Birss said Tulip had a realistic argument that cryptocurrency is “entrusted” to network developers, who could therefore have a duty to, for example, “introduce code so that an owner’s bitcoin can be transferred to safety”.<p>If you lose your private keys, then you&#x27;re no longer the owner of the bitcoins. Same as when you lost a dollar bill years ago. Would the judge rule that the developers of dollars. i.e. the Fed, has a duty to make everyone whole who lost their dollar bill?
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