<p>Bitcoin has not been forked yet. Once XT nodes mine 75% of all bitcoin blocks, XT will support a larger block size that will be incompatible with current bitcoin client. At that time, the blockchain is forked and the bitcoin currency would be divided into two, Bitcoin and BitcoinXT. <br></p>

<blockquote>
  <p>what is the impact on the current existing Bitcoin holders?</p>
</blockquote>

<p>A transaction would be mined twice, XT miner puts this transaction on XT's fork; Core miner puts it on the core's fork. Then, you can run two clients, one of them spends Bitcoin, the other one spends BitcoinXT. Cool!<br>An <a href="https://bitcoin.stackexchange.com/questions/4649/what-is-an-spv-client">SPV client</a> always follows the one with largest proof-of-work, which means it can only spend coins from stronger chain.</p>

<blockquote>
  <p>Are they handled by Bitcoin Core or by both?</p>
</blockquote>

<p>Both. You can double spend your coin now. One is bitcoin, the other one is bitcoinXT.</p>

CC BY-SA 3.0
2015-08-25T14:07:17.040Z
“would be divided into two, Bitcoin and BitcoinXT”. This statement is incorrect. It will be divided into **Bitcoin Core** and **Bitcoin XT**. There will be a disagreement on which is the true Bitcoin.
Arturo Torres Sánchez
CC BY-SA 3.0
2015-08-26T04:03:57.667Z
@ArturoTorresSánchez That doesn't seem substantially different from what he said.
Nick ODell
CC BY-SA 3.0
2015-08-26T04:55:26.010Z
@NickODell, the intent is different. Saying “Bitcoin VS BitcoinXT” implies Bitcoin Core is the “true Bitcoin”.
Arturo Torres Sánchez
CC BY-SA 3.0
2015-08-19T19:04:00.290Z
2015-08-26T04:04:32.020Z
2017-04-13T12:47:33.743Z
moshaholo
<p>This fork means the devs on the new version of bitcoin (XT) would have complete control over any future updates on the bitcoin blockchain. 
As already stated, any coins held from before the fork would be able to be spent twice once Bitcoin-XT mine the first 8MB block. 
This is generally considered BAD, and is likely to drop the value of both bitcoin on both blockchains.</p>

CC BY-SA 3.0
2015-08-26T02:33:30.587Z
2015-08-26T02:33:30.587Z
liliaceae
<p>I was reading that there was disagreement on the block size limit and Bitcoin has been forked to Bitcoin XT? With two different flavors of the software running, which might result in two different longest blockchains, what is the impact on the current existing Bitcoin holders? Are they handled by Bitcoin Core or by both?</p>

CC BY-SA 3.0
2015-08-19T09:02:03.513Z
`Are they handled by bitcoin core or by both?` I'm not sure I understand. Could you expand on that?
Nick ODell
<bitcoin-core><block-size-increase><bitcoin-xt>
What is the impact of Bitcoin XT fork on current Bitcoin holders?
ghalways
# What is the impact of Bitcoin XT fork on current Bitcoin holders?

(Asked by: username_0 on 2015-08-19)

I was reading that there was disagreement on the block size limit and Bitcoin has been forked to Bitcoin XT? With two different flavors of the software running, which might result in two different longest blockchains, what is the impact on the current existing Bitcoin holders? Are they handled by Bitcoin Core or by both?

**Tags:** bitcoin-core, block-size-increase, bitcoin-xt

> **Comments:**
> **username_1**: `Are they handled by bitcoin core or by both?` I'm not sure I understand. Could you expand on that?  

---

## 2 answers

### Answer by username_2 on 2015-08-19. Score: 2 | Accepted answer

Bitcoin has not been forked yet. Once XT nodes mine 75% of all bitcoin blocks, XT will support a larger block size that will be incompatible with current bitcoin client. At that time, the blockchain is forked and the bitcoin currency would be divided into two, Bitcoin and BitcoinXT.

> what is the impact on the current existing Bitcoin holders?

A transaction would be mined twice, XT miner puts this transaction on XT's fork; Core miner puts it on the core's fork. Then, you can run two clients, one of them spends Bitcoin, the other one spends BitcoinXT. Cool!  
An [SPV client](https://bitcoin.stackexchange.com/questions/4649/what-is-an-spv-client) always follows the one with largest proof-of-work, which means it can only spend coins from stronger chain.

> Are they handled by Bitcoin Core or by both?

Both. You can double spend your coin now. One is bitcoin, the other one is bitcoinXT.

> **Comments:**
> **username_3**: “would be divided into two, Bitcoin and BitcoinXT”. This statement is incorrect. It will be divided into **Bitcoin Core** and **Bitcoin XT**. There will be a disagreement on which is the true Bitcoin.  
> **username_1**: @ArturoTorresSánchez That doesn't seem substantially different from what he said.  
> **username_3**: @NickODell, the intent is different. Saying “Bitcoin VS BitcoinXT” implies Bitcoin Core is the “true Bitcoin”.  

---

### Answer by username_4 on 2015-08-26. Score: 0

This fork means the devs on the new version of bitcoin (XT) would have complete control over any future updates on the bitcoin blockchain.
As already stated, any coins held from before the fork would be able to be spent twice once Bitcoin-XT mine the first 8MB block.
This is generally considered BAD, and is likely to drop the value of both bitcoin on both blockchains.


---

