This will create a new coin, which will rename the current vTorrent to vTorrent Classic.
Could you please elaborate on this part..? Are you implying there will be two concurrent versions of vTorrent running..? Is this a 'community' fork, or a planned fork supported by the developers?
I am a bit confused.
Dev posted this in this thread a few months back, the current coin will become vTorrent classic, which will indeed be run by the community, the developers abandon this coin and moves on to the new forked coin.