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2026 Hard Fork Proposal Sparks Outrage Over Use of Satoshi's BTC | CoinDesk Daily

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CoinDesk

News, Tech News, Daily News, Business News

4.7698 Ratings

🗓️ 27 April 2026

⏱️ 1 minutes

🧾️ Download transcript

Summary

A 2026 hard fork proposal wants to reassign Satoshi's Bitcoin. Bitcoin developer Paul Sztorc is planning a hard fork called eCash that would give BTC holders equivalent tokens, but the funding plan involves reassigning part of Satoshi Nakamoto's 1.1 million bitcoin to early investors. The community is calling it theft. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Transcript

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0:00.0

A Bitcoin developer is coming for Satoshi's coins and the EU cuts Russia off from crypto.

0:10.8

Paul Stork, a longtime Bitcoin developer, is proposing a 2026 hard fork to split up the Bitcoin

0:16.3

blockchain. The controversial part is that Satoshi Nakamoto's 1.1 million Bitcoin would show up on the new

0:22.3

chain, and Stork plans to reassign fewer than half of those coins to early investors to fund

0:28.0

development. The community isn't having it. Bitcoin advocate Peter McCormick called it theft

0:33.5

and disrespectful, and developer Josh Ellathorpe warned it sets a dangerous precedent,

0:38.5

saying now it's Satoshi, but it could be anyone later. The EU released its most expansive

0:43.2

Russia sanctions package to date and for the first time, crypto is at the center of it. The

0:47.9

block is imposing a total ban on all crypto providers and decentralized platforms established

0:52.6

in Russia, barring EU citizens from

0:54.9

transacting with them. Russia's digital rubble CBDC and the rubble-pegged RUBX stable coin

1:00.3

are also explicitly banned. And AVE has raised more than $220 million to cover bad debt

1:06.2

from the CalPDAO exploit. The attacker triggered a bank run that pulled $10 billion out of the ABE protocol.

1:12.5

The recovery effect called DEPA United is being led by AVE and Vantle.

1:17.3

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