FREQUENTLY ASKED QUESTIONS
1. Do you have a Premine?
Yes. Our team gets coins from unclaimed coins (i.e. when some Bitcoin holders do not get our coins because they did not actually claim or they're ineligible), 0.1% premine (1000000 coins) and 5% founders' reward (only when mining reward is at least 100 coins) for 9.3 years from launch.
2. When is your ICO?
Bitcoin RM is a smart fork of Bitcoin. As such, it is a crypto currency only and not a security.
Therefore, there is no Initial Coin Offering (ICO).
3. Do you have masternodes?
Our coin is a 100% proof of work coin with no masternodes, just like Bitcoin. We also do not have superblocks, ultra blocks or any special blocks or surprise block rewards.
4. Why do you have premine?
It costs a lot of money to pay for infrastructure, software development, testing, marketing and promotion. Additionally, we incur costs in making future enhancements (as outlined in the Roadmap) and bug fixes as needed. Our premine of 0.1% is one of the most reasonable you will ever find in the crypto industry.
5. Why do you also have founders' reward?
Our founders' reward is only 5%, compared to say 20% charged by Zcash. The purpose of founders' reward is to provide ongoing incentive to the founders and the team. Premine is a one time revenue and it does not cover ongoing costs incurred by the team. For example, the founders and the team willhire additional developers, promoters etc. Founders' reward of 5% is very reasonable, given that a lot of mining software charge 5% Dev fee. Charging miners a founders' fee is a way of putting some of the mined coins to work for the overall community. This is how various governments operate. For example, when you start a business, you pay initial filing/registration/license fee and then taxes every year on your business profit.
6. Why another Bitcoin fork? Aren't there too many already?
We agree that there are already many Bitcoin forks. However, we are one of the few smart forks out there! As crypto industry matures, needs of the community evolve. Therefore, it is safer to fork and launch a coin specific to those evolving needs. In our case, our fork's purpose is to empower Retail Merchants and embrace all users in the world who support small businesses. Ultimately, it is a matter of choice and every single segment of community gets what it wants. Can you imagine a world with just 10 blogs, or 50 internet companies or 100 movie producers? When consumers have more choices, it ultimately benefits them because increased competition leads to a free market without monopoly.
7. I heard that Alt coins are doomed. Then, why should I care about Bitcoin RM fork?
It is true that a lot media outlets, fake crypto experts, promoters and even crypto Exchanges are screaming that we have too many Alt coins. Who are they to decide which Alt coin is better than the others? It is upto the user community to make that decision! Why are these middlemen telling the end users what to do? We do not go through any middlemen. Instead, we reach out to the community directly. It is upto the community to decide which coin is better and which one is not. We believe in our mission to empower merchants because ultimately we all need and depend on a strong economy.
If you believe in our mission, please support us. Just like we are reaching out to you directly, we urge you to reach out to us directly with any suggestions, questions or concerns. We will give you all the relevant information and be transparent in what we do. After that, the decision to participate in our project is yours.
8. Isn't it unsafe to claim your forked coins? I don't want to reveal my private keys.
You claim coins by a claim procedure which does not involve revealing your Bitcoin private keys. We do not need your private keys. We will never ask for your private keys or money (fiat or crypto currency).
9. How should I buy BCRM coins?
We hope to get our BCRM coins listed on Exchanges. We will keep you posted on this.
We strongly suggest that you acquire BCRM coins by: a. working for us, b. mining, c. buying on Exchanges.
10. Which wallet should I use?
Because we are a smart fork, our blockchain is quite small currently. Therefore, you do not have to wait hours for the full node to synchronize. We strongly recommend that you download our full node on our website and use it's wallet, instead of any third party wallet. Remember to backup and keep your wallet file (BCRM.imp) safe. See item number 5. on page 7.
11. Why a smart fork, instead of a regular fork?
A smart fork is, well, smart
We start with a clean blockchain that is slim. This makes it easy for anybody to download and use our wallet. You don't need a lot of disk space or hours of waiting for synchronization. A smart fork also does not spread any offensive content from Bitcoin, because it does not blindly copy entire existing blockchain of Bitcoin.
12. Where are you located?
We are an international team of crypto enthusiasts. We do not do any business in United States of America. However, if you are a resident of USA, you can still work for us as a promoter, developer etc. Please contact us to learn about our current job opportunities.
13. How can I contact you?
The best way to reach us is by emailing us or chatting with us on our Discord server.
14. Who are your current investors?
The Bitcoin RM team has no investors and no debt. The team hires people as needed for the duration needed and pays the candidates in BCRM coins. Because we have no investors or third parties claiming control, the Bitcoin RM team is completely independent.
15. I currently own Bitcoins. How do I know if I can get BCRM coins when you fork?
If you are not connected to USA, you have at least 0.001 BTC in your wallet (i.e. you have the private keys) on snapshot date (currently set to August 20th, 2018) and your wallet supports message signing, then you are eligible to file a claim for BCRM coins. You will get BCRM coins on 1-to-1 basis (i.e.
equal to your BTC balance on snapshot date).
16. How should I mine BCRM coin?
Soon, there will be mining pools that support BCRM. Ideally, you want a good computer with GPU with at least 10 GB GPU memory (such as Nvidia GTX 1080Ti). Use a mining software that supports Equihash 144/5 with custom personalization string. We will soon release a mining client, which will not charge a Dev fee (although it will not be the fastest!). Currently, EWBF miner supports Equihash 144/5 with custom personalization string. Our Blake2b personalization string is: BCRMcoin
