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Bitcoin Developer Proposes Fork To Redistribute Satoshi's 1.1M BTC

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TL;DR

  • Long-time Bitcoin developer Paul Sztorc has proposed an August 2026 hard fork called eCash that would copy Bitcoin's existing history into a separate chain.
  • The plan would give current BTC holders 1:1 eCash, but would reassign part of Satoshi Nakamoto's roughly 1.1 million dormant BTC-equivalent balance on the new chain.

NEW YORK, April 28, 2026

Long-time Bitcoin developer Paul Sztorc has proposed an August 2026 hard fork called eCash that would copy Bitcoin into a separate chain and reassign part of Satoshi Nakamoto’s roughly 1.1 million BTC-equivalent balance on that new network, pushing the dormant-founder coin fight into a sharper phase as BTC traded near $76,000.

Odds of Satoshi moving any of his bitcoins jumped to 10% on Polymarket after the recent Finding Satoshi documentary, and the new eCash proposal gives that same market a fresh reason to focus on dormant early wallets.

Will Satoshi move any Bitcoin in 2026? Live

Polymarket
10% chance
Yes
No

The proposal is not a change to Bitcoin’s actual ledger. It is a plan to launch a rival chain using Bitcoin’s code and history, then treat Satoshi’s copied balance differently from everyone else’s copied balance.

According to Cointelegraph, Sztorc said Bitcoin holders would receive eCash at a 1:1 ratio once the fork is live. CryptoNewsZ reported that the launch is targeted for block height 964,000 in August 2026, and that the chain would be built around Sztorc’s long-running Drivechain work.

Bitcoin is currently trading around the mid-$76,000 area, putting Satoshi’s 1.1 million BTC at roughly $84 billion by reference value. ForkLog reported that Sztorc later described giving Satoshi 600,000 eCash and directing the remaining 500,000 eCash-equivalent coins toward ecosystem development.

eCash would not be BTC. The proposed fork asks the market to accept a copied Bitcoin history where one silent wallet cluster is manually handled as project inventory.

eCash Fork Targets Satoshi Coins

Sztorc’s official eCash site describes the new layer 1 as a clone of Bitcoin Core with several changes, including a difficulty reset, replay controls, Drivechain activation, and what it calls a “Satoshi Half-Airdrop.” The site frames the move as a way to fund the fork’s investors and supporters.

Every current Bitcoin holder would get matching eCash, but the balances tied to Satoshi’s presumed early mining would not be treated like ordinary property on the new chain.

The proposal leans on the fact that Satoshi’s coins have never moved. For years, that dormancy has been read as loss, death, restraint, or deliberate silence. Sztorc’s plan turns the same silence into a funding argument for a new chain that has not yet proven market demand.

Bitcoin has already been arguing over whether early wallets should be protected, frozen, or forced to migrate because of future quantum risk. Daily Crypto Briefs has tracked that debate through Google’s quantum warning and the more direct proposal to freeze early BTC wallets if holders do not move before legacy signatures are sunset.

Bitcoin Ownership Fight Gets Louder

The cleanest criticism is that this is not really about recovering lost coins. It is about a fork developer deciding that copied balances belonging to Bitcoin’s absent creator can be reassigned because the new project needs capital.

ForkLog reported that Sztorc rejected claims of taking Satoshi’s BTC, saying the actual bitcoin balances would remain untouched and that the disputed accounting applies only to eCash. That defense is technically important, but it does not erase the ownership question that makes the proposal so combustible.

A Bitcoin fork can create a new asset. It cannot make that asset inherit Bitcoin’s social credibility on command.

That is why this proposal reads differently from normal altcoin launches. A new chain can raise funds, sell tokens, court miners, or ship software. Manually carving up Satoshi’s copied coins asks Bitcoin holders to accept a precedent where dormancy becomes a permission slip.

Sztorc has been pushing Drivechain-style changes for years, with BIP300 and BIP301 dating back well before this latest announcement. Bitcoin Core developers have not merged that agenda, and the broader community has repeatedly resisted turning Bitcoin’s base layer into the kind of experiment Sztorc wants.

Satoshi’s 1.1M BTC Remains Untouched

The important practical point is that Satoshi’s real BTC does not move unless Satoshi’s private keys sign a valid Bitcoin transaction. A hard fork can copy history, but it cannot spend coins on Bitcoin.

That is also why the proposal may be most powerful as a narrative shock rather than an immediate market threat. It drags Satoshi’s 1.1 million BTC back into view at the exact moment traders are already watching whether the founder’s coins will ever move.

It also overlaps with the identity cycle that returned after the Finney and Sassaman documentary. If the market is once again debating whether Satoshi is dead, unreachable, or simply silent, a fork that tries to monetize that silence is almost designed to inflame the base.

The quantum angle keeps the story from being only personality drama. Developers have already floated narrower ways to reduce risk around old exposed-key coins, including post-quantum address work that does not seize balances or rewrite ownership assumptions.

What remains unknown is whether eCash will attract miners, exchange support, liquidity, or serious developer backing before August 2026. The next signals are whether Sztorc publishes final code, whether the 30-day freeze window arrives with meaningful review, and whether Bitcoin holders treat the fork as a real split or just another attempt to use Satoshi’s dormant coins as marketing fuel.

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Fact-checked by: Daily Crypto Briefs Fact-Check Desk

Frequently Asked Questions

What is Paul Sztorc's eCash hard fork?

It is a proposed August 2026 Bitcoin hard fork that would create a separate chain copied from Bitcoin's existing history, with BTC holders receiving eCash on a 1:1 basis.

Would the eCash fork move Satoshi's real BTC?

No. The proposal concerns balances on a new forked chain. Satoshi Nakamoto's actual bitcoin on the Bitcoin network would remain untouched unless valid private keys are used on Bitcoin itself.

Why is the proposal controversial?

The controversy is that the fork would manually reassign part of the eCash balance corresponding to Satoshi's dormant BTC, challenging the expectation that forked balances preserve ownership history.

When would the eCash hard fork launch?

Coverage of Sztorc's proposal points to August 2026, with CryptoNewsZ citing block height 964,000 as the planned activation target.

What happened to Satoshi move odds after the documentary?

Polymarket odds of Satoshi moving any bitcoin jumped to 10% after the Finding Satoshi documentary, keeping dormant founder wallets in active market debate.