A Bitcoin expert named Tyler recently highlighted a potential upgrade to the Bitcoin network, prompted by worries about the future threat of quantum computing. This has led to speculation about the safety of Bitcoin’s original creator, Satoshi Nakamoto’s, holdings, but the person proposing the upgrade claims Nakamoto’s coins would be protected.
Proposed Bitcoin Hard Fork Raises Concerns About Satoshi’s Holdings
Tyler recently posted on X, predicting that the Bitcoin originally held by Satoshi Nakamoto will probably be moved within a week of the planned eCash hard fork. Paul Sztorc, founder of LayerTwo Labs, announced the eCash hard fork, scheduled for release in August. He explained that current Bitcoin holders will receive an equal amount of eCash tokens based on their existing BTC holdings.
Sztorc explained that their core technology, called L1 Node, is very similar to Bitcoin’s and uses the SHA256d mining algorithm. Updates to the network, or ‘forks,’ will involve temporarily making mining much easier by resetting the difficulty to its lowest setting, although mining will be challenging initially. LayerTwo Labs also plans to update the network’s connection points, name, and identifying code.
Sztorc explained that this Bitcoin update will be different from the previous Bitcoin Cash split. He pointed out that Bitcoin owners are being given plenty of notice and the plan is to initially record all transactions as if nothing changed, while also providing a tool to separate the new coins. Sztorc believes this solution will permanently address Bitcoin’s existing issues. However, the proposal has sparked discussion about the future of Bitcoin held by Satoshi Nakamoto, the creator of Bitcoin.
DBCrypto, a cryptocurrency educator, believes the suggested Bitcoin hard fork is a scheme to try and unlock the Bitcoin held by Satoshi Nakamoto, the pseudonymous creator of Bitcoin. He also criticized those backing the proposal, arguing it compromises the privacy of Bitcoin owners.
Satoshi’s Coins Will Remain Untouched
In a recent post on X, Sztorc clarified what will happen to the Bitcoin owned by Satoshi Nakamoto, the creator of Bitcoin. He stated they won’t be taking any of Satoshi’s Bitcoin, and will instead give him 600,000 eCash, even though he currently holds 1.1 million Bitcoin.
As I’ve been researching this, it’s become clear that the amount of cryptocurrency involved here is significant – exceeding what Satoshi Nakamoto received from projects like Litecoin, Ethereum, and Solana. Importantly, Bitcoin balances remain entirely unaffected; those holding eCash don’t have the Bitcoin software or private keys needed to access those funds. The way this works is that eCash coins will essentially move whenever someone moves their Bitcoin. However, if an eCash holder chooses to sell their coins, that transaction won’t be reflected on the actual Bitcoin network.
As of today, Bitcoin is trading at approximately $77,000, showing gains over the past 24 hours, based on CoinMarketCap data.
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2026-05-01 16:56