In response to backlash from the Bitcoin community, developer Paul Sztorc provided clarity on the eCash hard fork, specifically addressing accusations of misappropriating Satoshi Nakamoto's coins.
"To clarify:
— We are not taking any of Satoshi's BTC
— We are gifting Satoshi 600,000 eCash, which is actually more than he received from other projects like Litecoin and Ethereum, where he got nothing.
— Our coins are called eCash, not BTC," Sztorc stated via Twitter.
Sztorc’s proposal entails a new direction for redistributing Nakamoto’s presumed coins. From the total 1.1 million BTC, he plans to allocate 600,000 eCash to the Bitcoin creator while reserving the remaining 500,000 for the development of the eCash ecosystem. This strategy aims to prevent the project from becoming stagnant, avoiding a scenario where it lacks active support.
Despite some community members criticizing the proposal for seeming to undermine property rights through asset redistribution, Sztorc clarified that the discussion centers on emission rules rather than actual coin theft. He also pointed out that many early bitcoins might be irretrievably lost, as a significant number have remained untouched for over a decade, contributing to the spread of misinformation in ongoing debates.
