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‘We don’t take Satoshi’s bitcoin’: eCash fork sparks backlash over ‘reassigned’ coins

The Block
Paul Sztorc’s upcoming eCash fork faces criticism for its plan to reallocate coins associated with Satoshi Nakamoto to seed the new network.

Summary

The upcoming eCash hard fork, led by LayerTwoLabs founder Paul Sztorc, is generating controversy due to its plan to manage coins linked to Satoshi Nakamoto. While the project aims to serve as a testing ground for Bitcoin sidechain features, critics are particularly concerned by the decision to assign only 600,000 eCash to Satoshi’s original holdings, while reallocating the remaining 500,000 to seed the ecosystem and reward early investors. Sztorc has defended the project, clarifying that existing Bitcoin balances remain untouched and arguing that the plan is necessary to prevent the network from becoming a 'zombie project'.

(Source:The Block)