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A Statement, Not a Heist: Unpacking the Bitcoin Proposal to Reassign Satoshi-Linked Coins
Paul Sztorc, CEO of LayerTwo Labs, is at the center of a heated debate surrounding the proposed eCash Bitcoin fork, scheduled for August. The fork would copy Bitcoin's history, giving BTC holders an equivalent balance on the new network. However, eCash plans to handle Satoshi Nakamoto's dormant coins differently, allocating 600,000 eCash to the original addresses and redirecting 500,000 eCash to …
April 28, 2026, 2:41 p.m.
Tech
A Statement, Not a Heist: Unpacking the Bitcoin Proposal to Reassign Satoshi-Linked Coins
The controversy surrounding eCash, a proposed Bitcoin fork, has sparked intense debate within the community. At the heart of the issue is Paul Sztorc's plan to reassign a portion of Satoshi Nakamoto's dormant bitcoin holdings, estimated to be around 1.1 million BTC, on the new forked network. Sztorc, CEO of LayerTwo Labs, insists that he is not attempting to move Satoshi's coins, but rather alloc…
April 28, 2026, 2:41 p.m.
Tech
A Proposal, Not a Heist: Understanding the Bitcoin Plan to Reallocate Satoshi-Linked Coins
Paul Sztorc, CEO of LayerTwo Labs, has been at the center of a backlash surrounding his proposed Bitcoin fork, eCash, which is scheduled to launch in August at block height 964,000. The new chain would replicate Bitcoin's history up to that point, giving BTC holders an equivalent balance on the forked network. However, the plan to reallocate 500,000 eCash from Satoshi Nakamoto's dormant addresses…
April 28, 2026, 2:41 p.m.
Tech
Redefining Satoshi's Legacy: The Bitcoin Proposal That's Sparking Controversy
At the heart of the controversy surrounding the proposed eCash fork is the question of what to do with the approximately 1.1 million BTC attributed to Bitcoin's creator, Satoshi Nakamoto. Paul Sztorc, CEO of LayerTwo Labs, has proposed allocating 600,000 eCash to the addresses linked to Satoshi and redirecting the remaining 500,000 eCash to investors who fund the project. This move has been met w…
April 28, 2026, 2:41 p.m.
Tech
Redefining Ownership: The Bitcoin Proposal to Reallocate Satoshi-Linked Coins Sparks Debate
The announcement of eCash, a proposed Bitcoin fork, has sparked a heated debate within the cryptocurrency community. At the center of the controversy is Paul Sztorc's plan to reallocate a portion of the approximately 1.1 million BTC attributed to Bitcoin's pseudonymous creator, Satoshi Nakamoto. According to Sztorc, the plan is not an attempt to move or steal Satoshi's coins, but rather to redire…
April 28, 2026, 2:41 p.m.
Tech
A Controversial Proposal: The Bitcoin Fork Seeking to Redistribute Satoshi-Linked Coins
The eCash proposal, a planned Bitcoin fork, has ignited a firestorm of controversy within the cryptocurrency community. At the heart of the debate is Paul Sztorc's plan to reassign a portion of the coins linked to Satoshi Nakamoto, Bitcoin's pseudonymous creator, on the new forked chain. Sztorc, CEO of LayerTwo Labs, has repeatedly stated that he has no intention of moving Satoshi's original coin…
April 28, 2026, 2:41 p.m.
Tech
A Statement, Not a Heist: Unpacking the Bitcoin Proposal to Reallocate Satoshi-Linked Coins
The controversy surrounding eCash, a proposed Bitcoin fork, has sparked intense debate. At the center of the issue is Paul Sztorc's plan to reallocate Satoshi Nakamoto's dormant bitcoin on the forked chain. The proposal has been met with criticism, with many arguing that it undermines the fundamental principles of Bitcoin. The new chain, scheduled to launch in August, would copy Bitcoin's history…
April 28, 2026, 2:41 p.m.
Tech
A Statement, Not a Heist: Unpacking the Bitcoin Proposal to Reassign Satoshi-Linked Coins
Paul Sztorc has clarified that he is not attempting to move Satoshi Nakamoto's bitcoin. However, his proposal for the eCash fork has ignited a heated debate. The eCash fork, scheduled for August, aims to copy Bitcoin's history and provide equivalent balances on the new network. But what's different this time is the plan to reassign Satoshi's copied coins. The roughly 1.1 million BTC attributed to…
April 28, 2026, 2:41 p.m.
Tech
A Proposal, Not a Heist: Unpacking the Bitcoin Plan to Reassign Satoshi-Linked Coins
Paul Sztorc, CEO of LayerTwo Labs, is at the center of a heated debate surrounding his proposed Bitcoin fork, eCash, which is scheduled to launch in August. The controversy stems from the plan to reassign a portion of the roughly 1.1 million BTC linked to Satoshi Nakamoto, Bitcoin's pseudonymous creator, on the new chain. While Sztorc maintains that he is not trying to move Satoshi's original coi…
April 28, 2026, 2:41 p.m.
Tech
A Proposal, Not a Heist: Unpacking the Bitcoin Plan to Reallocate Satoshi-Linked Coins
The eCash proposal, a planned Bitcoin fork, has ignited a firestorm of debate within the cryptocurrency community. At the heart of the controversy is Paul Sztorc's plan to reallocate a portion of the roughly 1.1 million BTC attributed to Bitcoin's pseudonymous creator, Satoshi Nakamoto. Sztorc, CEO of LayerTwo Labs, has repeatedly stated that he has no intention of moving Satoshi's coins, but rat…
April 28, 2026, 2:41 p.m.