A long-time Bitcoin developer has formally proposed splitting the Bitcoin blockchain and redirecting coins held in wallets attributed to Satoshi Nakamoto, the pseudonymous creator of Bitcoin. The proposal has triggered sharp backlash across the Bitcoin community, with many developers and holders labeling it an attack on the network's foundational principles. Bitcoin is currently trading around $77,706, down modestly on the day.
Bitcoin's core value proposition rests on the guarantee that no one can seize or reassign your coins — this proposal directly challenges that guarantee, even if it almost certainly won't pass. If serious debate around this idea gains traction, it could undermine institutional confidence in Bitcoin as a truly permissionless, seizure-resistant asset. Expect heightened volatility around BTC and correlated assets like crypto-adjacent equities if this story escalates.
Ongoing: Watch for formal responses from core Bitcoin developers and major miners on GitHub and public forums. Monitor BTC price action over the next 48-72 hours for sentiment shifts. Any scheduled Bitcoin developer conferences or BIPs (Bitcoin Improvement Proposals) submissions will be the formal venue where this is accepted or rejected.
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