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Author Topic: BitcoinRT  (Read 59 times)
kjrew2001 (OP)
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September 24, 2021, 08:54:50 AM
 #1

Hello guys I wanted to see if anyone know more about this project and if it's worth pursuing.
Seems like they are just starting out on the mining and apparently they are marketing pretty crazy with word of mouth and collecting funds for mining.

Website
https://bitcoinrt.io/

Source
https://gitlab.com/bitcoinrt/bitcoinrt

Let me know if you know more about this project.
Devifajarina
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September 24, 2021, 10:28:59 AM
 #2

Hello guys I wanted to see if anyone know more about this project and if it's worth pursuing.
Seems like they are just starting out on the mining and apparently they are marketing pretty crazy with word of mouth and collecting funds for mining.

Website
https://bitcoinrt.io/

Source
https://gitlab.com/bitcoinrt/bitcoinrt

Let me know if you know more about this project.

Projects that look good, usually will be very easy to detect, you don't rush to follow them, need a lot of references to find out the success rate of the project, indeed I don't know in detail about this project, but I think you need to find out more about the project them, marketing can affect the value, but if the marketing is only temporary, I am afraid this project is only for the short term and will not last long, so the decision to join should be based on careful consideration.

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hugeblack
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September 24, 2021, 10:52:24 AM
 #3

All projects bearing Bitcoin's name will die within the next 3 years if they are successful.

Most of these projects do not carry anything new but promises of quick profit with the modification of some parts of the Bitcoin code.

What made Bitcoin valuable is not the code, but rather the support and continuity of developers, so follow up on the project after a month.
If the developer team increases and the number of people who contribute to it increases and they are renewable, know that it may succeed in the coming years, but it will fail during the next 3 years.

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blockman
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September 24, 2021, 05:27:54 PM
 #4

Not worth it.
@OP, it seems that you're asking for the sake of argument but you're part of the team of it I think. Well, just as hugeblack said, any project that bears bitcoin's name or likely a bitcoin fork that nobody knows and it actually happened then they're likely to be out of the market soon.
Only a few are remaining and the rest are being forgotten already.

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November 08, 2021, 10:13:14 AM
Last edit: November 08, 2021, 10:25:32 AM by Grynnsan
 #5

I looked at the source code today from the gitlab link in the OP's post

This gitlab link is also listed on the project website.

I compared it with the github bitcoin core code and I have determined that it is a fork of bitcoin core v0.17.2 with only 2 files changed:

src/chainparams.cpp:
  • they changed the message start parameters for node to node network messaging
  • they changed the genesis block creation to make it different from the bitcoin genesis block
  • they updated the merkle root hash
  • they updated the tcp listen port
  • they changed the nMinimumChainwork value to a low value because the current chain height is only about 25000 blocks

They made these changes in this file for all 3 of mainnet, testnet and regnet

src/chainparamsbase.cpp:
  • In this file they changed the TCP listen addresses for the mainnet, testnet and regnet

That's it. These are the only changes. They have done nothing to innovate the consensus protocol.

What it means is they created a clone of bitcoin as of v0.17.2 and have done nothing else other than the chain parameter and network changes above.

There is a whitepaper on the main site that talks about how they can do faster transactions than bitcoin, but they don't say how.  I can only assume it's because they expect it to be an un-congested clone of BTC

So in summary, this is just another blockchain running a minimally modified bitcoin-core and there is nothing special nor compelling about this clone.

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