If you're curious about the nuts and bolts of the BitCoin Rhodium (BTR) project, then prepare to have your curiosity satisfied. The friendly team of anonymous BTR developers have provided a high level of access to information (both technical and general) about what is going on behind the scenes and even under the hood.
All of the following links are available for anyone to explore. So feel free to look around and share what you find with friends, followers, family or anyone who may be interested in a new, ultra scarce, extra private, store of value crypto asset.
Oh, and if you want a quick summary of the BitCoin Rhodium project, have a read of this popular article: BitCoin Rhodium Launch Draws Near
BitCoin Rhodium (BTR) is nearing launch, and on the most recent episode of This Week in Bitcoin, Andy Hoffman of CryptoGoldCentral.com updates viewers on what's been happening with this exciting new crypto asset.
Andy eloquently explains the uniqueness of the BitCoin Rhodium project, from its beginnings as an opt in airdrop, to the recent testnet launch, and its potential to be a big winner in the altcoin space.
So whether you're a BitCoin Rhodium holder or this is the first time you've heard of it, sit back and enjoy this highly informative, four minute clip, on what could well be a game-changing cryptocurrency.
BitCoin Rhodium (BTR) … don’t let the name fool you. It isn’t another fork of Bitcoin (BTC) like Bitcoin … Cash, Gold, Diamond, Super, Atom or the myriad of other Bitcoin clones out there. BitCoin Rhodium did not fork off the Bitcoin blockchain, but rather, has its own brand new blockchain that was built from scratch by an anonymous team of developers.
While the majority of the numerous Bitcoin fork coins have a capped supply of 21 million or more (Bitcoin Diamond, for example, has a 210 million cap), there will only ever be 2.1 million BitCoin Rhodium. Yes, that decimal point is not a typo, it’s two point one million. Obviously this means that Bitcoin holders couldn’t be rewarded 1 coin for every BTC they hold, as was the case with most of the forked cryptocurrencies. Instead, BitCoin Rhodium was distributed via airdrop to Bitcoin holders who registered wallets for it, at a ratio of 10 BTR for every 1 BTC. There was also an opportunity for non BTC holders to register an empty Bitcoin wallet and receive 5 BTR. In both of these cases there were caps in place.
During the past week, a group of ten miners on the BitCoin Rhodium Discord channel were given access to mine on the testnet and make transfers between test wallets. This has now been opened up to others via Discord who want to be involved.
With this hive of testnet activity, and the regular resolution of platform issues shown on BTR's GitLab, one thing is clear ... BitCoin Rhodium's launch is drawing near. So if you're a cryptocurrency miner seeking extremely rare treasure, or an investor looking for a scarce and precious commodity in which to store value, BitCoin Rhodium, a new crypto asset, awaits you.
Ledger have just announced via Twitter that the Ledger Nano S hardware wallet is now supporting Bitcoin Private (BTCP). This comes hot on the heels of the Bitcoin and ZClassic fork coin's listing on Coin Market Cap.
At the time of writing, Bitcoin Private is not yet listed amongst the supported cryptocurrencies on Ledger's site. If you held Bitcoin (BTC) on a Ledger Nano S at the time of the fork (February 28th, 2018), keep an eye on that list regarding information about how to safely claim the Bitcoin Private that you are entitled to.
image 1 source, image 2 source
The soon to be released, extreme scarcity coin, BitCoin Rhodium (BTR), featured on the most recent episode of Adam Meister's This Week in Bitcoin. I say extreme scarcity because there will only ever be two million, one hundred thousand BTR in existence. That's 90% less than Bitcoin (BTC), which itself is a scarce coin.
BitCoin Rhodium support team member, Nobby Clarke, was a guest on the show. He outlined some important information for BTR holders and those looking to invest when it hits exchanges, possibly later this month. Here is an outline of some of the points Nobby made. You can also watch the BitCoin Rhodium related portion of the show below.
BitCoin Rhodium have just tweeted that they are finishing work on the mining part of the project. If you'd like to be one of the first to mine BTR, then join their community on Discord here and tag yourself as a miner.
There's rhodium in them thar hills ... BitCoin Rhodium that is. There will only ever be 2,100,000 BTR in existance, so go now and mine it. Stake your claim for the rarest cryptocurrency on the planet.
If you registered for the BitCoin Rhodium airdrop and haven't yet claimed your coins, time is running out. There will only ever be two point one million (2,100,000) BTR, so don't let yours slip through your fingers. The claim deadline is Saturday, March 31st 2018, so take action now.
What you need to do is go to Claim your BitCoin Rhodium and read and follow all of the instructions carefully. If you get stuck or have any difficulties, go to the BTR Wallet Frequently Asked Questions. As a last resort, if you still can't work it out, contact BitCoin Rhodium here.
Bitcoin.com Wallet to No Longer Create Bitcoin (BTC) Wallet by Default, Only Bitcoin Cash (BCH) - Roger Ver
In his presentation today at Satoshi's Vision Conference in Tokyo, Japan, Roger Ver said, "I have an announcement I guess I'll make here that I've told just a few people in private, but in the next update to the Bitcoin.com wallet coming very, very soon, we will be dropping Bitcoin Core wallet creation by default and it will only be making Bitcoin Cash wallets by default."
In my opinion, this will most likely result in people who are new to Bitcoin, or inexperienced with it, mistakenly purchasing Bitcoin Cash (BCH) when they think that they are buying Bitcoin (BTC). This may even be the goal, as Ver made his personal beliefs about Bitcoin crystal clear in his speech today when he said, "Bitcoin Cash is Bitcoin."
Don't be fooled. Bitcoin Cash is not Bitcoin. It is an altcoin, created by forking the original Bitcoin blockchain. Bitcoin is BTC, not BCH, Bitcoin Cash, or dare I say, 'BCash'.
BitCoin Rhodium is a community-based crypto commodity, rare, limited and resistant cryptocurrency to store value for the future.
The goal is to provide not just a payment method, but a real, valuable commodity, which will become a prosperous investment element, along with BTC.
Introducing BitCoin Rhodium
A Unique Crypto Commodity, For the Long-Term
In late 2017, amidst a surge in altcoin issuance – particularly, Bitcoin hard forks – our Europe-based development team decided to try something different. For one, we viewed hard forks, for the most part, as Bitcoin clones that would be difficult to discern from the real thing. Second, after the first two, Bitcoin Cash and Bitcoin Gold, none had been supported by major exchanges or wallets – making them nearly impossible to acquire; let alone, safely. Lastly, in a world where hundreds of new altcoins were emerging, it was becoming clear that without a viable, long-term use-case – that could be convincingly communicated to investors – the odds of significant price appreciation were extremely low.
First, we considered what other altcoins were doing – and then, what Bitcoin couldn’t do, given its ability to subsume nearly all vital cryptocurrency functions. Which is when we came up with the idea of “ultra-Bitcoin scarcity”; i.e., a coin with all of Bitcoin’s best features, and a lifetime cap of just 2.1 million, or one-tenth of Bitcoin’s; of which, roughly half would trade upon launch, with the other half to be mined by the public over the next 100 years. Additionally, we added a privacy feature, in our quest to create a cryptocurrency that would cater to large, long-term holders.
Next, we determined that the best way to build community was to distribute our coin, Bitcoin Rhodium – named for the relatively unknown; and by far, scarcest Precious Metal – via an “airdrop” to existing Bitcoin holders. By airdrop, we mean that unlike hard forks, there is no requirement for a third party to split and/or store the coin. Instead, proactive Bitcoin holders could claim BTR by “registering” non-zero balance public Bitcoin addresses from online and offline wallets in which they held their own private keys – like online Electrums or offline Trezors and Ledgers. By “signing” the unique message supplied by BRhodium, one could prove Bitcoin ownership without giving out their private keys; thus, enabling the receipt of FREE BRhodium in the subsequent claiming process - in one’s personal, online BRhodium wallet.
Finally, we aimed to create a “community” to foster longterm support, through the Discord chat room that we, the development team, actively monitor in a de facto “customer service” function – particularly during the airdrop process, which started in December, and will end March 31st. Through Discord, Twitter, and Reddit, we believe awareness of BRhodium’s “ultra-Bitcoin scarcity” use case has increased, to the point that we expect the launch, currently scheduled for April, to be met with significant investor enthusiasm.
Ultimately, in the words of one of the project’s most well-known public supporters, we hope Bitcoin Rhodium will be viewed as “Elite Bitcoin,” to be BRODL’ed as passionately as Bitcoin is HODL’ed.
BitCoin Rhodium Community
This article is published with the permission of Bitcoin Rhodium.
Bitcoin Rhodium (BTR) has just released an updated version of their wallet at wallet.bitcoinrh.org. It has enhanced safety features, including the option to set up a security question and two factor authentication.
Anyone can now sign up for a Bitcoin Rhodium wallet, even if they did not apply for the airdrop. While this won't get you any of the free coins, at least you'll have somewhere, other than an exchange, to store BTR if you decide to acquire some once they are listed next month.
What price Bitcoin Rhodium will trade at when it does hit exchanges is anyone's guess. In my opinion, however, it has two significant advantages over previous Bitcoin fork/airdrop projects.
The first advantage is its limited supply of 2.1 (yes, that's two point one) million, which is one tenth of the eventual supply of Bitcoin (BTC). Most other projects, including Bitcoin Cash (BCH) and Bitcoin Gold (BTG), copied BTC's supply of 21 million or went higher, such as Bitcoin Diamond's (BCD) 210 million.
Another distinctive that gives Bitcoin Rhodium an edge over its competitors is the way that it was distributed. Being an airdrop that had to be applied for, means that those who have BTR wanted it and are thus invested in its success. Holders also received their coins without having to split them or put their Bitcoin at risk in any way. BTR is more than an automatically awarded clone fork of BTC. Their website puts it this way, "But we want to be a best friend with BTC."
For mine, the Bitcoin Rhodium team has done an excellent job with this project and given it every chance of success.
Bitcoin to the Moon is a blog dedicated to following the original cryptocurrency on a journey to its ultimate destination.
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