eCash Founder Rejects 'Theft' Claims Over Proposed Hard Fork
eCash founder Paul Sztorc is pushing back against accusations of plotting to steal Satoshi Nakamoto's 1.1 million BTC during the upcoming August hard fork.
Sztorc claims that the project does not touch Satoshi's actual coins, but instead will gift him 600,000 eCash tokens and use the remaining 500,000 for early investors and developers.
The hard fork is scheduled to occur at block height 964,000 in August, with every BTC holder receiving an equal amount of eCash on a 1:1 basis. A coin-splitter tool will be released to keep balances separate.
Sztorc argues that this reassignment is necessary to avoid a 'zombie' launch without funded contributors, and the chain will activate Drivechains, his long-rejected scaling proposal known as BIP300/301.