Paul Sztorc's Vision for eCash (ECX) at MARA Foundation's "What to Expect When Expecting Forks"

July 30, 2026 · 7 min read

This essay reflects upon Paul Sztorc's appearance on "What to Expect When Expecting Forks," hosted by the MARA Foundation and Isabel Foxen Duke on July 30, 2026, roughly nine days before BIP-110's mandatory signaling and a few weeks before the eCash hard fork. It makes use of direct quotes and public information that's verifiable, in an attempt to explain the state of the eCash (ECX) Bitcoin hard fork about 3 weeks before its launch.

The most revealing moment of the MARA Foundation space was not an argument Paul Sztorc won. It was the calendar. Two forks were on the table for August 2026, and one of their authors had spent the better part of a decade preparing while the other appeared, in Sztorc's telling, to be improvising. "The irony is I planned out and announced this months in advance," Paul said, "what 110 is going to do, like scrambling at the last minute, which is very bizarre." That gap between a project that arrives assembled and a project that arrives panicking is the entire case for taking Sztorc seriously, and he made it without raising his voice.

Two forks, two philosophies

The panel spent well over an hour on BIP-110, the temporary one-year soft fork meant to reassert Bitcoin's willingness to fight spam. Even its lone on-stage sympathizer, Start9's CEO Matt Hill, conceded the core point: "BIP-110 itself does not stop spam. I don't think anybody makes that claim." Multiple technical guests, from AnchorWatch's Rob and Portland to Peter Todd and orangesurf, walked through why filtering is a cat-and-mouse game that determined users route around with preferential relay, and why, at roughly 1 to 2 percent hashrate signaling, the soft fork is almost certain to fail before it activates.

Paul Sztorc's contribution was to reframe the whole exercise as a contrast in ambition. "110 wants to shrink some transactions that they call spam, but which are actually very easy for the network to process and store," he said, "and I'm trying to expand it so that 8 billion people can use Bitcoin." That single sentence is the thesis of eCash.

One fork is subtractive and defensive. The other is additive and expansionist. He kept drawing the line explicitly: "I'm in like a completely different realm of solving all of the biggest problems in the entire cryptocurrency industry," which he contrasted with "this fake spam crusade that's going to just crash and burn by hitting a rocket on August 9th."

You can disagree with his confidence. You cannot mistake the difference in scope.

The receipts: a soft fork nobody took, so now a hard fork

What makes Paul Sztorc's position credible is that eCash is not his opening move. It is his fallback. He reminded the room that he already shipped the peaceful option years ago. "I also have a soft fork and a hard fork," he explained. "My soft fork is the BIP-300, 301 activator, and you could just take it if you want it. But I'm kind of like, well, kind of no one is taking it." Only after that door stayed shut did he turn to the harder path: "So now I'm doing basically what Luke would call the proof of work. I'm not changing the proof of work, but I'm lowering the difficulty."

The symmetry he pointed out is genuinely striking, and it favors him. Both camps concluded that Bitcoin Core will not adopt their ideas voluntarily. Both are being pushed toward a chain split. But one of them has spent a decade writing BIP-300 and BIP-301, building the enforcer, and giving it away for free with hashrate-based activation, while the other, in Sztorc's words, refuses to even "lay out a document with, this is what we're going to do, we're thinking about all these issues."

He was blunt that this is not confidence but avoidance: "I would have more confidence in the 110 soft fork if they had actually laid out some kind of document." Preparation is a form of respect for the people you are asking to follow you. eCash has four months of advance notice, a name, a domain, a GitHub, dry runs, and an activation client. BIP-110 has a version bit and a hope.

The trap Paul Sztorc refused: the "real Bitcoin" siren song

Paul Sztorc's sharpest insight was psychological, and it doubled as strategy. He diagnosed the BIP-110 camp's fatal attraction to owning the Bitcoin name. "It doesn't occur to them to just create a new thing as a demo or even a competitor," he observed. "That's a very mesmerizing and tempting thing that has caught a lot of people. It's like the siren music from the Odyssey."

He named the lineage honestly, including his own near-miss: "Even I had registered some domains in the past. I was going to call it Bitcoin Extended or something." He talked himself out of it: "At some point I was like, okay, I just have to pick something with a completely different name, completely different brand, different colors."

This is not vanity branding. It is the lesson of Bitcoin Cash, learned and applied. By refusing to claim the mantle, eCash sidesteps the exact fight that BIP-110 is walking into, the doomed attempt to convince the entire community that you are the true chain. "People really invest a lot of their identity in being a Bitcoiner," he said, "and I think that deranges people." The man forking Bitcoin was, paradoxically, the calmest person in the room about Bitcoin, precisely because he is not trying to be its heir.

He was also candid about the stakes for his critics, predicting that a failed BIP-110 would backfire on everyone who wants Core held accountable: "It will probably make everyone think, oh, Core is infallible after all, and that will be a huge setback for the critics of Core." That is a subtle point most partisans miss. Sztorc shares the BIP-110 camp's frustration ("we both think Bitcoin Core is mostly lazy, they have bad priorities, they're corrupt, they're pretentious") while judging their tactics as actively counterproductive to the shared goal.

Building the canvas instead of guarding the museum

The clearest window into why Paul Sztorc is playing a longer game came during the Michael Saylor exchange. He drew the contrast between a minimalist store-of-value pitch and his own maximalist architecture: "Michael Saylor has this idea that he wants to explain Bitcoin to his congressperson in 30 seconds. And I'm opening it to an infinitely expanding canvas of L2s. I'm throwing open this developer paradise. I have this idea of infinite growth, so I'm rejecting all this idea of stasis and overconfidence and complacency."

Concretely, that canvas is engineered to keep Bitcoin's strengths while removing its ceilings. "With the CUSF activator, the L1 is exactly the same as Bitcoin Core, so anything you like about Bitcoin Core you can keep on L1," he said, "and then we can also do quantum, we can do all this stuff without changing any lines of code in Bitcoin Core."

On top of that base sit the features an actual money system for billions of people is expected to have: high throughput for payments, "Zcash level privacy," prediction markets, and, crucially, "the ability to endlessly add new L2s if the existing set of L2s is insufficient." That last property is the governance escape hatch. If a sidechain fails, you launch another. Nobody has to win a Twitter war to fix a mistake.

He also pushed back on the framing that his vision is fringe, pointing to the endorsement list at layer2labs.com/friends, which he says includes figures like Adam Back and Robin Linus, who "seem to think that it is actually the best L2 out of everything available." Drivechain remains controversial, and he admitted as much. But the substance under debate is expansion, scaling, privacy, and quantum resistance, not whether a linked list of OP_RETURN data counts as spam.

Why the preparation matters

Strip away the color and the facts line up in Sztorc's favor on one narrow but decisive axis: readiness. The technical panel largely agreed that BIP-110 will fail, that its rationale has shifted repeatedly (from a phantom v30 emergency, to rugging spammers, to firing Core), and that its proponents are, in Ryan Dale's memorable framing, unwilling to put economic weight behind their beliefs. Against that backdrop, eCash stands out not because Sztorc is certain it will succeed. He is not. He openly frames it as a hedge, expecting only "one cryptocurrency in the long run," a run he guesses is "like 10 years." It stands out because it is the only fork in August that arrived with its homework done.

There is an old distinction between people who want to be seen defending the fort and people who are quietly building the next city. BIP-110, by the panel's own consensus, is a defensive gesture that stops no spam and changes no long-term trajectory. eCash is an attempt, ambitious and unproven, to give Bitcoin's ledger a path to eight billion users without asking Bitcoin Core for permission. Whether it works is a question the market will answer in late August. But Paul Sztorc already spent a decade getting ready for this moment.