US EditionNot a Theft, but a Statement: Inside the Bitcoin Proposal to Reassign Satoshi-Linked Coins
5 Articles
5 Articles
Not a theft, but a statement: Inside the Bitcoin proposal to reassign Satoshi-linked coins
Paul Sztorc says he can't move a single sat of Satoshi's bitcoin and isn't trying to. But critics say rewriting forked-chain balances at addresses a user does not control sets a bad precedent.
The proposal of a new hard fork by Bitcoin shakes once again the ideological and technical foundations of the crypto ecosystem. Baptised as eCash, the project led by Paul Sztorc — LayerTwo Labs' CEO — not only raises a significant technological evolution, but has also reopened one of the most sensitive debates in the sector: the fate of the more than 1.1 million BTC attributed to Satoshi Nakamoto, whose valuation currently exceeds $85 billion. A…
Top Bitcoin dev is launching a new BTC fork giving holders new eCash, but claiming it may be a real risk
Paul Sztorc, LayerTwo Labs CEO and longtime Bitcoin developer, is planning an August 2026 Bitcoin hard fork called eCash, targeted around Bitcoin block 964,000. His April 24 announcement described a new chain that would copy Bitcoin history, give holders 1 eCash for every 1 BTC at the split, and launch with a Bitcoin-Core-like base layer mined with SHA-256d alongside Drivechain-style sidechains. For ordinary Bitcoin holders, the practical questi…
Strategy Locks Over 4% Of Bitcoin’s Supply As Fork Proposal Endangers Satoshi’s Stash
Strategy has increased its Bitcoin holdings to 818,334, now controlling over 4% of its circulating supply. A new Bitcoin proposal drew widespread backlash because it sought to redistribute Satoshi’s idle BTC supply. It’s business as usual for Strategy, opening this week with a massive Bitcoin (BTC) acquisition. Meanwhile, behind the scenes, a longtime Bitcoin developer proposes redistributing Satoshi Nakamoto’s 1.1 million dormant BTC holdings. …
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