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A Proposal, Not a Heist: Unpacking the Bitcoin Plan to Reassign Satoshi-Linked Coins
Paul Sztorc, the CEO of LayerTwo Labs, has sparked controversy with his proposed Bitcoin fork, eCash, which is scheduled to launch in August. Despite his claims that he is not attempting to move Satoshi Nakamoto's bitcoin, critics argue that his plan to reassign the dormant coins sets a dangerous precedent. The proposal would see 600,000 eCash allocated to Satoshi's addresses, with the remaining …
April 28, 2026, 2:41 p.m.
Tech
A Bold Statement, Not a Heist: Unpacking the Bitcoin Proposal to Reallocate Satoshi-Linked Coins
Paul Sztorc is not attempting to move Satoshi Nakamoto's bitcoin, a fact often overlooked in the backlash surrounding eCash, a proposed Bitcoin fork. The new chain would replicate Bitcoin's history up to a certain point, giving BTC holders an equivalent balance on the forked network. However, eCash differs from other forks due to its plan for Satoshi's copied coins. The roughly 1.1 million BTC at…
April 28, 2026, 2:41 p.m.
Tech
A Proposal, Not a Heist: Unpacking the Bitcoin Plan to Reallocate Satoshi's Coins
The backlash surrounding eCash, a proposed Bitcoin fork, has obscured a key fact: Paul Sztorc is not attempting to transfer Satoshi Nakamoto's bitcoin. The eCash fork, scheduled for August, would replicate Bitcoin's history, giving BTC holders an equivalent balance on the new network. However, the proposal has sparked controversy due to its plan to reallocate Satoshi's copied coins. The roughly 1…
April 28, 2026, 2:41 p.m.
Tech
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 eCash, a proposed Bitcoin fork. The project aims to create a new chain, copying Bitcoin's history up to a certain point, and allocating equivalent balances to BTC holders. However, the plan to reassign Satoshi Nakamoto's dormant coins has ignited a firestorm, with many viewing it as a threat to the principles of im…
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, slated for August, aims to create a new Bitcoin fork, replicating the existing blockchain up to a certain point and granting equivalent balances to BTC holders. However, the plan to reallocate Satoshi Nakamoto's dormant coins has raised concerns about property rights and the integrity of the Bitcoin network. Sztorc, CEO of LayerTwo Labs, has pushed back against accusations of …
April 28, 2026, 2:41 p.m.
Tech
A Provocative Proposal: Unpacking the Bitcoin Plan to Reallocate Satoshi-Linked Coins
At the center of the backlash against eCash, a proposed Bitcoin fork, is the notion that Paul Sztorc is attempting to move Satoshi Nakamoto's dormant bitcoin. However, Sztorc maintains he has no intention of doing so. The controversy surrounds the plan to reallocate the roughly 1.1 million BTC attributed to Satoshi, with 600,000 eCash going to the original addresses and the remaining 500,000 eCas…
April 28, 2026, 2:41 p.m.
Tech
A Controversial Proposal: The Bitcoin Fork Seeking to Redistribute Satoshi's Coins
The proposed Bitcoin fork, eCash, has sparked controversy due to its plan to redistribute the estimated 1.1 million BTC linked to Satoshi Nakamoto. Paul Sztorc, CEO of LayerTwo Labs, insists that he is not trying to move Satoshi's coins, but rather create a new fork where the balance will be adjusted. The plan involves allocating 600,000 eCash to the addresses linked to Satoshi and redirecting th…
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, has clarified that he is not attempting to move Satoshi Nakamoto's bitcoin. However, his proposed eCash fork has sparked controversy due to its plan to reassign a portion of Satoshi's copied coins. The eCash fork, scheduled for August, would copy Bitcoin's history up to a certain point, giving BTC holders an equivalent balance on the new network. But what sets e…
April 28, 2026, 2:41 p.m.
Tech
A Statement, Not Theft: Unpacking the Bitcoin Proposal to Reallocate Satoshi-Linked Coins
The backlash surrounding eCash, a proposed Bitcoin fork, has overshadowed a crucial fact: Paul Sztorc is not attempting to move Satoshi Nakamoto's bitcoin. Scheduled for August at block height 964,000, the new chain would replicate Bitcoin's history, providing equivalent balances to BTC holders on the forked network. However, eCash differs from previous forks, such as Bitcoin Cash and Bitcoin SV,…
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 eCash, a proposed Bitcoin fork, has led to a heated debate about property rights and the integrity of the Bitcoin network. Paul Sztorc, the CEO of LayerTwo Labs, has clarified that he is not trying to move Satoshi Nakamoto's bitcoin, but rather plans to allocate 600,000 eCash to the addresses linked to Satoshi and redirect the remaining 500,000 eCash to investors who f…
April 28, 2026, 2:41 p.m.