Bitcoin Developer's Plan to Split Blockchain and Reassign Satoshi Coins Sparks Outrage

Veteran Bitcoin developer Paul Sztorc has unveiled a contentious plan to create a separate version of the Bitcoin blockchain, dubbed eCash, which would involve copying the existing code and launching a new network in August. The proposal has sparked outrage within the community, particularly over the plan to reassign coins linked to Bitcoin's mysterious founder, Satoshi Nakamoto, in order to attract investors. Sztorc's plan involves creating a new chain that would be a near-identical copy of the existing Bitcoin blockchain, with the addition of Drivechains, a scaling architecture that would allow for the seamless movement of BTC between the main chain and sidechains. However, the community has expressed concerns over the plan, with some calling it 'theft' and 'disrespectful'. The proposed hard fork has also drawn criticism over its potential to set a precedent for the seizure of coins, with some warning that it could pose a risk to all BTC holdings.