Veteran Developer Proposes Bitcoin Blockchain Split, Sparks Controversy Over Satoshi Coin Reassignment

Paul Sztorc, a long-time Bitcoin developer, has unveiled a plan to split the Bitcoin blockchain with a hard fork called eCash, scheduled for August 2026. The proposal involves creating a new chain with native eCash tokens, where existing bitcoin holders will receive equivalent tokens. However, the plan has sparked outrage within the community, particularly with regards to the reassignment of coins linked to Bitcoin's mysterious founder, Satoshi Nakamoto. Sztorc's proposal includes the implementation of Drivechains, a scaling architecture that allows for the seamless movement of BTC between the main chain and sidechains. The community has expressed concerns over the precedent set by reassigning Satoshi's coins, with some calling it theft and disrespectful. The response from industry experts has been largely negative, with many questioning the plan's legitimacy and potential risks to the broader Bitcoin ecosystem.