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There is also one possible scenario where both forks survive and become two distinct currencies.
by olalonde 11y ago
There is also one possible scenario where both forks survive and become two distinct currencies.
- x3n0ph3n3 11y agoDo people with existing coins get to spend them on both chains?
- hollerith 11y agoOK, but then if you have one BTC now, you will have one of each kind of BTC later, so that scenario does not explain why "XT infuriates those who hope to make money based on the appreciation of their pre-fork bitcoins".
- olalonde 11y agoIt is correct that bitcoins mined before the fork will be spendable on both chains. That being said, it is also possible (and in my opinion probable) that the combined value of both currencies (BTC and BXT) will be less than the current value of BTC for a variety of reasons (Metcalfe's law, loss of confidence, etc.). That being said, I think it's more likely that one of the forks will win (e.g. the core devs will merge Bitcoin XT to Bitcoin Core if the fork happens).