Satoshi

Bitcoin SV

Bitcoin

eCash

Steve

eCash founder Paul Sztorc rejected accusations of plotting <a href="https://yellow.com/news/bitcoin-fork-500k-satoshi-dormant-coins" rel="noopener noreferrer nofollow">to steal Satoshi Nakamoto's 1.1 million Bitcoin</a><a href="https://yellow.com/asset/btc" rel="noopener noreferrer nofollow">(BTC)</a>, calling the claims a misreading of the August hard fork.
<h2 id="sztorc-pushes-back">Sztorc Pushes Back</h2>
In an X post Monday, Sztorc <a href="https://www.theblock.co/post/399054/we-dont-take-satoshis-bitcoin-ecash-fork-backlash-reassigned-coins" rel="noopener noreferrer nofollow">insisted</a> the project does not touch Satoshi's actual coins. Instead, the new chain will gift the dormant founder 600,000 eCash tokens, while the remaining 500,000 fund early investors and developers.
The hard fork is scheduled for block height 964,000 in August. Every BTC holder will receive an equal amount of eCash on a 1:1 basis, with a coin-splitter tool released to keep balances separate.
Sztorc, who runs LayerTwo Labs, said the reassignment is needed to avoid a "zombie" launch with no funded contributors. The chain will <a href="https://www.dlnews.com/articles/markets/bitcoin-developer-hard-fork-reassign-satoshi-nakamoto-coins/" rel="noopener noreferrer nofollow">activate</a> Drivechains, his long-rejected scaling proposal known as BIP300/301.
Also Read:<a href="https://yellow.com/news/steve-chung-ceo-block" rel="noopener noreferrer nofollow">The Block Hires Goldman, Fox Veteran Steve Chung As CEO</a>
<h2 id="community-revolt">Community Revolt</h2>
Critics see the funding plan as crossing a line. Bitcoin advocate Peter McCormack called it "theft and disrespectful," and Josh Ellithorpe, CTO at Pixelated Ink, <a href="https://www.cryptonewsz.com/bitcoin-developer-proposes-fork/" rel="noopener noreferrer nofollow">warned</a> the precedent could later be applied to any dormant wallet.
Early sentiment scans of the X thread show 80% to 85% of replies opposing the move.
Past Bitcoin forks tell a sobering story. Bitcoin Cash launched in 2017 with cheaper transactions but lost ground to the original chain. Bitcoin Gold faded after repeated 51% attacks, and Bitcoin SV never gained traction before major exchanges delisted it. None of those projects touched Satoshi's equivalent coins.
Read Next:<a href="https://yellow.com/news/google-researcher-q-day-prize-quantum-bitcoin" rel="noopener noreferrer nofollow">Quantum Test For Bitcoin Misleading? Google Scientist Slams 1 BTC Prize</a>

Paul Sztorc Rejects Theft Claims Over Satoshi's 1.1M Bitcoin In August Fork

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Yellow News

Other articles published on Apr 28, 2026

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