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eCash Fork Proposal Divides Bitcoin Community Amid Warnings, BTC Rises to $78.5K

Paul Sztorc’s eCash Bitcoin hard fork proposal continues to divide the community as of May 6, with critics citing property rights violations, replay risks, and user safety issues in the plan to mirror BTC history up to block 964,000 and gift 600,000 eCash to Satoshi-linked addresses for funding. Initially announced April 24 with controversial reassignment of ~500K Patoshi coins from Satoshi’s ~1.1M BTC stash, it evolved to a 1:1 airdrop for holders plus Drivechains (BIP-300) and seven DeFi sidechains for August 2026. Developers warn of 'hazardous' risks like no replay protection and custody problems, yet no major miners or exchanges back it while BTC climbed from $77.3K to $78,465 (+1.5%).

Category

Bitcoin

Sentiment

Mixed

Event

Product launch

Reading time

1 min