[ANN][EST 2014] Rimbit - We removed mining so its just the community and coin

[toucan]

There are also a lot of coins that are 100% premine and are stakes in nature but the 5% interest is quite low don't you all think I have one coin here where the reward is 100% ,why did you not increase the staking rewards to benefit all the holders?

It could be modified in the next wallet, but 5% seems to me to be a reasonable number.

Too much 10 - 20% interest and it will end with inflation and a falling value for RBT.

Too low 1-2% and it isn't worthwhile to even have interest.

[CelluleRB]

There are also a lot of coins that are 100% premine and are stakes in nature but the 5% interest is quite low don't you all think I have one coin here where the reward is 100% ,why did you not increase the staking rewards to benefit all the holders?

Robelneo, I invite you to join the Rimbit community (rimbit.com). They are really opened to suggestions and they will answer you for sure if they think otherwise. What is the coin with 100% reward?

[toucan]

Rimbit volume on exchanges jumped way up to about $2500 - $3500 daily as more people taking interest in the concept of a minerless coin, that isn't controlled from commies in China.

The IndieGoGo price is going to be set by the community and likely will start to rise, so get some now. Don't be looking back in 90 days and wishing you had bought some. It can also be purchased on several exchanges - C-cex, Yobit and Cryptopia

https://www.indiegogo.com/projects/get-into-crypto-its-not-as-hard-as-you-think#/funders

The first poll as to what the price will be on IndieGoGo will be on Friday April 22nd. Forum members will get to vote on what they think the price of RBT should be set at.
What a fabulous idea, a truly community coin.

You can join the forum now and get set to vote if you are not a member already.

http://rimbit.com/

[toucan]

Rimbit poll on forum, so the community can vote on the new price for IndieGoGo RBT sales, will begin in less than 6 hours and run for 1 day.

http://rimbit.com/

get Rimbit now before price rise...   https://www.indiegogo.com/projects/get-into-crypto-its-not-as-hard-as-you-think#/

[toucan]

The poll has been posted on the suggested new price for RBT sales on IndieGoGo.

Check it out and see how a real community coin works.

http://rimbit.com/threads/weekly-poll-for-igg-price-april-22-2016.4386/

[toucan]

Voting going on now and it looks like the IndieGoGo price will be raised to 2 cents or more per RBT

You can still buy at the current price of 1.5 cents per RBT, so take the plunge, join the RBT community and see an instant increase in your RBT value when the price is raised after the poll ends in 12 hours.

get Rimbit now before price rise...   https://www.indiegogo.com/projects/get-into-crypto-its-not-as-hard-as-you-think#/

[robelneo]

There are also a lot of coins that are 100% premine and are stakes in nature but the 5% interest is quite low don't you all think I have one coin here where the reward is 100% ,why did you not increase the staking rewards to benefit all the holders?

Robelneo, I invite you to join the Rimbit community (rimbit.com). They are really opened to suggestions and they will answer you for sure if they think otherwise. What is the coin with 100% reward?

It was Bigup got 4 million from it already made 500% profit one of the best thing about it is I am getting up 60,000 coin rewards from staking their wallet,it's one of the main attraction or perks why people are staking this coin..

[toucan]

The problem with a 100% interest per year is that the number of coins doubles every year and soon they will be worthless, just like a fiat currency with 100% inflation.

How can that be a good thing?

[toucan]

The next weekly Rimbit poll for price on IndieGoGo will start in about 5 hours and run for 24 hours.

This is what a community run currency looks like! 

[halibit]

Rimbit has been added in alcurEX.
RBT-BTC market:  https://alcurex.org/index.php/crypto/market?pair=RBT_BTC

Welcome
-halibit-



ALCUREX is an financing company registered in Finland

[toucan]

Rimbit trading at 2.9 cents on Alcurex...pretty good volume for a start on a new exchange

[toucan]

Time to look at the Bitcoin difficulty again.....

Check out this post on Rimbit forum with graphs.

http://www.rimbit.com/threads/bitcoin-difficulty.4552/

[toucan]

A further comment on the flaw with the BTC difficulty going straight up in a geometric trajectory.

Satoshi Nakamoto or Craig Wright or whoever he is may have been a computer genius and I will give him that.

But he must have flunked elementary math or be lacking in common sense to set the difficulty on the geometric progression that it is on.

This flaw will destroy his coin and all others using the BTC mining system.

I don't know how he will sell his million BTC, but if he tries, the price will collapse.

[toucan]

So what makes this coin so great?  Rimbit didn't remove mining.  Those who launched it just mined all the coins themselves and then put them up for sale. 



Yes they did remove mining.

BTC requires mining to confirm the transactions. No mining and BTC is DEAD.

As the difficulty is increasing at an ever rapid rate, the 'miners' are slowly shutting down as they cannot afford to replace their ASIC machines.

Why do you think the BTC confirmation times are increasing?? Fewer miners. LOL

Next time you flush your turd down the toilet, visualize your BTC going with it.

Rimbit is confirmed with everyone's PC and that will not change. It was like BTC the first year, but RBT will be like that FOREVER. LOL

[toucan]

Lets compare Rimbit vs Bitcoin

 Centralization - Rimbit gets more decentralized daily as more people leave wallets open to confirm transactions. BTC becomes more centralized as only millionaire miners can process the transactions into blocks

 Price chart - BTC pumped to $1200 and now back to $450. Rimbit developing a solid base at the 1-2 cent level..huge upside

 Get free coins..Rimbit users mint 5% interest by leaving wallets open to confirm transactions. BTC only the handful of miners get free BTC

 Forum..Rimbit is a cordial forum populated by adults. BTC is a bunch of angry children..just look at comments on this thread

 Mining difficulty - RBT zero as there is no mining. BTC closing in on 200 BILLION

 Life expectancy - RBT is designed to go on forever as minimal power costs and no escalation in hardware. BTC will self destruct due to either the power costs become prohibitive or the miners won't be able to keep up with new ASICs as the difficulty skyrockets.

 Open your eyes people!!

[toothless]

U.S. presidential candidate Hilary Clinton is reportedly set to release tightly held government files concerning Area 51.

A recent New York Times article (http://www.nytimes.com/2016/05/11/us/politics/hillary-clinton-aliens.html?_r=0) suggests that Clinton has recently been briefed by her staff regarding extra-terrestrial life, has a solid understanding of the file and is willing to release files that previous President's have refused to, providing national security is not jeopardized.  The article also points to an interview with Jimmy Kimmel in which Clinton corrected Kimmel's use of the term U.F.O.:

“You know, there’s a new name,” Mrs. Clinton said in the March appearance. “It’s unexplained aerial phenomenon,” she said. “U.A.P. That’s the latest nomenclature.”

While politicians and special interest groups continue to tussle over the release of information, Rimbit owners continue to wonder about the "Unexplained Fee Phenomenon" that has been circling the Bitcoin world for years.

Bitcoin's now notoriously poor blockchain planning, delayed and lost transactions and unmanageable size has opened the door for individuals, developers and mining companies to manipulate the fees charged to process normal transactions as well as the much larger fees that users can pay to "skip the line" and have their transactions processed ahead of everyone else. A technical article on CoinDesk highlights some of the historical issues Bitcoin's "pay-for-service" developers overlooked http://www.coindesk.com/building-better-bitcoin-fee-market/).

Rimbit owners, however, have never needed to worry about such issues. Rimbit's network algorithm and coding was developed only after disregarding the flaws that Bitcoin developers either never saw, or didn't see a need to fix.

Using a stable, safe and secure network, Rimbit transactions are processed in seconds. No delays, no lost transactions, no fee manipulation.

Isn't this how a community-based coin is supposed to operate?

Congratulations Mrs. Clinton, on being open to increasing government transparency. After all, isn't government supposed to be there for the people, too?

[fortunecrypto]

Lets compare Rimbit vs Bitcoin

 Centralization - Rimbit gets more decentralized daily as more people leave wallets open to confirm transactions. BTC becomes more centralized as only millionaire miners can process the transactions into blocks

 Price chart - BTC pumped to $1200 and now back to $450. Rimbit developing a solid base at the 1-2 cent level..huge upside

 Get free coins..Rimbit users mint 5% interest by leaving wallets open to confirm transactions. BTC only the handful of miners get free BTC

 Forum..Rimbit is a cordial forum populated by adults. BTC is a bunch of angry children..just look at comments on this thread

 Mining difficulty - RBT zero as there is no mining. BTC closing in on 200 BILLION

 Life expectancy - RBT is designed to go on forever as minimal power costs and no escalation in hardware. BTC will self destruct due to either the power costs become prohibitive or the miners won't be able to keep up with new ASICs as the difficulty skyrockets.

 Open your eyes people!!

Yeah right I will be moving to Rimbit if they have thousands of faucets,thousands of merchants and big names endorsing Rimbit but until now it;s none you're not even in the top 10 crypto currency on coinmarketcap, instead of bashing Bitcoin why you people co -exist with Bitcoin

[shojayxt]

Lets compare Rimbit vs Bitcoin

 Centralization - Rimbit gets more decentralized daily as more people leave wallets open to confirm transactions. BTC becomes more centralized as only millionaire miners can process the transactions into blocks

 Price chart - BTC pumped to $1200 and now back to $450. Rimbit developing a solid base at the 1-2 cent level..huge upside

 Get free coins..Rimbit users mint 5% interest by leaving wallets open to confirm transactions. BTC only the handful of miners get free BTC

 Forum..Rimbit is a cordial forum populated by adults. BTC is a bunch of angry children..just look at comments on this thread

 Mining difficulty - RBT zero as there is no mining. BTC closing in on 200 BILLION

 Life expectancy - RBT is designed to go on forever as minimal power costs and no escalation in hardware. BTC will self destruct due to either the power costs become prohibitive or the miners won't be able to keep up with new ASICs as the difficulty skyrockets.

 Open your eyes people!!

Yeah right I will be moving to Rimbit if they have thousands of faucets,thousands of merchants and big names endorsing Rimbit but until now it;s none you're not even in the top 10 crypto currency on coinmarketcap, instead of bashing Bitcoin why you people co -exist with Bitcoin

They can bash bitcoin all they want but it won't get people to use their 100% premined novacoin clone that they keep trying to get people to buy.  It apparently isn't working as there is less than 1 btc in buy orders on c-cex, almost no daily volume.  The only reason rimbit has a million dollar marketcap is because there are 380 million coins from the initial premine.  Just like many other coins the marketcap means nothing because there are no buyers.  These guys are just trying to sell their 380 million coin premine to put btc in their pockets.

[toucan]

Yeah right I will be moving to Rimbit if they have thousands of faucets,thousands of merchants and big names endorsing Rimbit but until now it;s none you're not even in the top 10 crypto currency on coinmarketcap, instead of bashing Bitcoin why you people co -exist with Bitcoin
[/quote]

Sure we are coexisting with BTC, but BTC has several major flaws that have been pointed out and no one is attempting to fix, or cannot fix.

So we shall see. BTC is 7 years old. RBT is 2 years old. We will see what RBT is like when it is 7 years old. Then you will all be on board, as BTC will be just a footnote to history 

[toothless]

This is one of the latest articles to be published, noting that average Bitcoin's average transaction fee is now somewhere between 15 cents and 35 cents!

http://cointelegraph.com/news/bitcoins-transaction-fees-skyrocket-as-the-bitcoin-halving-looms


Imagine you are standing in a really, really, really long line at a bank where you just want to send $50 to uncle John in Guatemala.

Hours go by as you slowly inch closer to the teller's wicket, but then some rich guy pulls up in his Mercedes and offers to pay the teller lots of money if the teller agrees to take him next.

Well, the teller of course is thrilled, happily takes the money and agrees to process the rich guy's transaction next. Then another rich guy pulls up, and another and another. You, having respectfully waited your turn in line keep being pushed further and further back. It could be many more hours, days, weeks or months before you reach the teller. Or, you may never get there at all.

This is EXACTLY what is happening with Bitcoin now, and has been for some time. Anyone willing to pay a higher fee can skip the long transaction wait times and have their transaction processed quickly and efficiently.

Is this really how a community-based coin should operate?

Thank you Rimbit, home to a community-based coin that truly is there for the community.