They want to fork Bitcoin, rewrite the ledger, and steal Satoshis tokens
And some in CT are cheering it on while others mistakenly say it’s no big deal
Three arguments keep coming up and every single one is dangerously wrong:
🔸 “Who cares? It’s free money.”
No. Nothing is free.
For you to dump your forked tokens, someone has to buy them
Someone who could have bought real BTC or a legitimate project instead
Someone who will get rekt when the sell pressure hits
The entire design of this fork is to redistribute 500k tokens so they can be sold to fund this chain
That’s pure sell pressure aimed at retail
Remember the stimulus checks? Someone always pays.
🔸 “It won’t impact BTC at all.”
Completely false!
Bitcoin’s core value prop is immutability
The ledger can’t be tampered with or rewritten
This fork doesn’t touch the BTC chain technically, but it destroys the narrative and sets a dangerous precedent
It’s a stepping stone to the next rewrite or wallet freeze or possibly worse
Next time? Maybe they target exchanges, whales, or whoever the committee dislikes
“Not your keys, not your coins” becomes meaningless when a hard fork can just reallocate value
Trust erodes
Headlines pile on
Retail flees
That is damage to the entire space
🔸 “It’s just another hard fork like BCH or BSV.”
No
Previous forks copied the ledger 1:1 at the snapshot
They didn’t penalize or reallocate the creator’s coins or other dormant addresses to insiders
This proposal alters the distribution rules on the new chain to seize value from Satoshi’s wallet and possibly other dormant addresses
Then hands it to early investors and a treasury
Trying to claim this benefits Satoshi by “gifting” him 600k tokens is absolutely absurd
Paul wants his chain to be #1 and believes it will be but strategically avoids saying it replaces Bitcoin
You honestly think Satoshi would view that as a “gift”?
That is NOT a fork and it’s never been done to Bitcoin before
If you actually care about Web3 and decentralization, call this what it is: a precedent-setting power grab that damages trust in the entire industry
Another reason normies will keep calling us grifters
Want to fork Bitcoin and build something new? Go for it.
Raise capital the normal way if your idea is good. Just don’t rewrite the ledger and pretend it’s innovation.
They're going after Satoshi's coins and I can’t believe people support this…
500,000 BTC
Dormant for over a decade
Worth roughly $40 billion
Paul Sztorc is planning a Bitcoin fork called "eCash" for August 2026
They would redistribute those coins to early investors and a treasury fund
Seriously messed up because if you can vote to take Satoshi's coins, nobody's coins are safe
"Not your keys, not your coins" but only if a committee doesn’t decide otherwise 🤦♂️
Continuing to destroy Web3 day after day and you should immediately block anyone who supports it