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Topic: Is Bitcoin XT an alt-coin that rewards with free coins current bitcoin users? - page 2. (Read 1814 times)

hero member
Activity: 576
Merit: 503
Hello, you haven't understood right. There will be no free coins for the people running XT. Same balance you have in your core wallet for example, you will have in your XT wallet if you switch over. So don't let this thinking make you switch clients, thinking that you will get free coins, this will not happen.

I don't run any clients, I'm not a miner, but i have some BTC i have bought.
When XBTC fork happens will i have same ammount as BTC ?

Best Regards
Yes, but only because it uses the same blockchain up until the fork. Any transactions that you do after the fork will not show up on both blockchains, only the one that you are using.

I'm not sure you've thought this through, but correct me if i'm wrong.
Yes, there will be a reward for every bitcoin user if they can grab it quickly enough.
I expect that one second after the first big block is mined, there will be a huge dump of the coins people expect to be the failing chain. The losers at that moment will be anyone who buys them (assuming the dumpers end up crashing that chain's price)..
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
Hello, you haven't understood right. There will be no free coins for the people running XT. Same balance you have in your core wallet for example, you will have in your XT wallet if you switch over. So don't let this thinking make you switch clients, thinking that you will get free coins, this will not happen.

I don't run any clients, I'm not a miner, but i have some BTC i have bought.
When XBTC fork happens will i have same ammount as BTC ?

Best Regards

there won't necessarily be a fork.
staff
Activity: 3458
Merit: 6793
Just writing some code
Hello, you haven't understood right. There will be no free coins for the people running XT. Same balance you have in your core wallet for example, you will have in your XT wallet if you switch over. So don't let this thinking make you switch clients, thinking that you will get free coins, this will not happen.

I don't run any clients, I'm not a miner, but i have some BTC i have bought.
When XBTC fork happens will i have same ammount as BTC ?

Best Regards
Yes, but only because it uses the same blockchain up until the fork. Any transactions that you do after the fork will not show up on both blockchains, only the one that you are using.
member
Activity: 176
Merit: 10
MeVu
Hello, you haven't understood right. There will be no free coins for the people running XT. Same balance you have in your core wallet for example, you will have in your XT wallet if you switch over. So don't let this thinking make you switch clients, thinking that you will get free coins, this will not happen.

I don't run any clients, I'm not a miner, but i have some BTC i have bought.
When XBTC fork happens will i have same ammount as BTC ?

Best Regards
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
From what i understand reading this forum:
1. Bitcoin XT is an alt-coin  that rewards with free coins curent bitcoint users matching XBTC with BTC adresses before the fork
2. After the fork the 2 will be separate coins each with it's own blockchain

What do you think?


Best Regards

Hello, you haven't understood right. There will be no free coins for the people running XT. Same balance you have in your core wallet for example, you will have in your XT wallet if you switch over. So don't let this thinking make you switch clients, thinking that you will get free coins, this will not happen.
staff
Activity: 3458
Merit: 6793
Just writing some code
Their will not be two separate coins since the fork only occurs after 75% of the miners switch to use XT. There will technically be 2 coins, but one will be less secure and less used than the other. Also, it is a fork, so it does not reward current btc users with its coin, but everything in the current blockchain will be in the forked blockchain. Also, there is plenty of debate of whether xt is considered an altcoin.
member
Activity: 176
Merit: 10
MeVu
From what i understand reading this forum:
1. Bitcoin XT is an alt-coin  that rewards with free coins curent bitcoint users matching XBTC with BTC adresses before the fork
2. After the fork the 2 will be separate coins each with it's own blockchain

What do you think?


Best Regards
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