> 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.
> 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”.
If you lose your private keys, then you'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?
