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A Proposal, Not a Heist: Unpacking the Bitcoin Plan to Reallocate Satoshi-Linked Coins
Paul Sztorc, CEO of LayerTwo Labs, has found himself at the center of a maelstrom over his proposed Bitcoin fork, eCash, slated for launch in August. The controversy surrounds his plan to reallocate a portion of the approximately 1.1 million BTC attributed to Satoshi Nakamoto, the pseudonymous creator of Bitcoin, on the new eCash chain. According to Sztorc, he has no intention of touching Satoshi…
April 28, 2026, 2:41 p.m.
Tech
A Controversial Proposal: The Bitcoin Fork Seeking to Reassign Satoshi-Linked Coins
The proposed Bitcoin fork, eCash, has sparked controversy due to its plan to reassign a portion of Satoshi Nakamoto's coins. Paul Sztorc, the CEO of LayerTwo Labs, claims he is not attempting to move Satoshi's coins, but rather create a new chain that copies Bitcoin's history up to a certain point. However, the plan to allocate 600,000 eCash to Satoshi's addresses and redirect the remaining 500,0…
April 28, 2026, 2:41 p.m.
Tech
A Statement, Not a Heist: Unpacking the Bitcoin Proposal to Reallocate Satoshi-Linked Coins
Paul Sztorc, CEO of LayerTwo Labs, is at the center of a heated debate surrounding the proposed eCash fork, 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 Satoshi Nakamoto's dormant coins has raised concerns among critics, who ar…
April 28, 2026, 2:41 p.m.
Tech
A Proposal, Not a Heist: Unpacking the Bitcoin Plan to Reallocate Satoshi-Linked Coins
Paul Sztorc, CEO of LayerTwo Labs, is at the center of a controversy surrounding eCash, a proposed Bitcoin fork. Despite claims that he is attempting to move Satoshi Nakamoto's bitcoin, Sztorc maintains that this is not his intention. The debate revolves around the plan to allocate 600,000 eCash to addresses linked to Satoshi and redirect the remaining 500,000 eCash to investors who fund the proj…
April 28, 2026, 2:41 p.m.
Tech
Rethinking Satoshi's Legacy: The Bitcoin Proposal That's Stirring Controversy
Paul Sztorc, CEO of LayerTwo Labs, is at the center of a heated discussion regarding his proposed Bitcoin fork, eCash, scheduled to launch in August. The fork would create a new chain that copies Bitcoin's history, giving holders an equivalent balance on the new network. However, the plan to reassign Satoshi Nakamoto's dormant coins has raised concerns about property rights and the potential cons…
April 28, 2026, 2:41 p.m.
Tech
A Proposal, Not a Heist: Unpacking the Bitcoin Plan to Reallocate Satoshi-Linked Coins
The controversy surrounding Paul Sztorc's eCash proposal has led to a misunderstanding of his intentions. Sztorc has repeatedly stated that he is not trying to move Satoshi Nakamoto's bitcoin. However, the proposal has sparked a heated debate about property rights and the potential consequences of rewriting balances on a forked chain. The eCash proposal plans to allocate 600,000 eCash to addresse…
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, centers on its plan to reassign the roughly 1.1 million BTC linked to Satoshi Nakamoto. Paul Sztorc, CEO of LayerTwo Labs, has clarified that he is not trying to move Satoshi's coins, but rather allocate 600,000 eCash to the dormant addresses and redirect the remaining 500,000 eCash to investors who fund the project. This move has sparke…
April 28, 2026, 2:41 p.m.
Tech
A Proposal, Not a Heist: Unpacking the Bitcoin Plan to Reallocate Satoshi-Linked Coins
Paul Sztorc, the CEO of LayerTwo Labs, has been at the center of controversy surrounding eCash, a proposed Bitcoin fork. The new chain, set to launch in August, would replicate Bitcoin's history up to a certain point, providing holders with an equivalent balance on the forked network. However, the proposal has sparked debate due to its plan to reallocate Satoshi Nakamoto's dormant coins. Approxim…
April 28, 2026, 2:41 p.m.
Tech
A Statement, Not a Heist: Unpacking the Bitcoin Proposal to Reallocate Satoshi-Linked Coins
Paul Sztorc has no intention of transferring Satoshi Nakamoto's bitcoin holdings. This crucial fact has been lost amidst the backlash surrounding eCash, a proposed Bitcoin fork scheduled to launch in August at block height 964,000. The new chain will replicate Bitcoin's history up to that point, granting BTC holders an equivalent balance on the forked network. For instance, if you hold 4.19 BTC, …
April 28, 2026, 2:41 p.m.
Tech
A Proposal, Not a Heist: Unpacking the Bitcoin Plan to Reallocate Satoshi-Linked Coins
The recent backlash surrounding eCash, a proposed Bitcoin fork, has overshadowed a crucial fact: Paul Sztorc is not attempting to transfer Satoshi Nakamoto's bitcoin. The eCash fork, scheduled for August at block height 964,000, would replicate Bitcoin's history, providing BTC holders with an equivalent balance on the new network. However, the plan to reallocate Satoshi's copied coins has raised …
April 28, 2026, 2:41 p.m.