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 (XRC) has just released an updated version of their wallet here. 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 XRC 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 XRC 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. XRC 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 Private (BTCP) has just announced the dates for their snapshot and co-fork of Bitcoin (BTC) and ZClassic (ZCL).
On February 28, 2018, a snapshot of all existing BTC and ZCL holdings will take place. If you own either or both of these cryptocurrencies and control your private keys when the snapshot takes place, you will receive an equivalent quantity of BTCP for free. For example, if you have 3 ZClassic and 1.5 Bitcoin, you will get 4.5 Bitcoin Private.
The actual creation of Bitcoin Private through the hard fork will occur two days later, on March 2, 2018.
The BTCP project is well-backed, with a team of 70 plus, including more than 20 developers. It's certainly one to watch, in my opinion.
You can read more about BTCP in the article, Bitcoin Private to Launch from Bitcoin and ZClassic. The official Bitcoin Private website is btcprivate.org and you can follow them on Twitter @bitcoinprivate.
If you registered for the Bitcoin Rhodium (XRC) airdrop you can now claim your free coins. To do this, visit the official XRC website, BitcoinRh.org, click on the 'Claim Your XRC' tab and follow the instructions. Don't try to claim XRC from anywhere else, as there are many scam sites set up that are ready to steal your Bitcoin.
The Bitcoin Rhodium team have made the process as easy as possible by providing detailed, step-by-step instructions and answers to frequently asked questions about the XRC wallet here.
Unlike the Bitcoin hardforks of Bitcoin Cash (BCH) and Bitcoin Gold (BTG), Bitcoin Rhodium is not awarded to all Bitcoin holders who control their private key, but only to those who registered for the airdrop. You can read more about that in the article, Bitcoin Rhodium Airdrop Registrations Open.
The @Bitcoin Twitter handle was claimed in August 2011, however, recently there has been a significant change in the focus of its tweets. During 2017, many of the @Bitcoin tweets were simply retweets of @CoinDesk updates on the Bitcoin (BTC) price. Starting January 3, 2018, the account became much more active, with a strong emphasis on Bitcoin Cash (BCH).
This promotion of Bitcoin Cash has led some to conclude that @Bitcoin has been sold or hacked, and is now controlled by Bitcoin.com or somone involved with the site — an accusation that has been denied. Whatever the case, there is no doubt that @Bitcoin is now being used to push the idea that Bitcoin Cash is the real Bitcoin. And with nearly 700,000 followers, this false message will be spread far and wide.
For more information about Bitcoin Cash and Bitcoin.com read, Bitcoin Cash is Not Bitcoin and Don't Get Burned by the Bitcoin.com Wallet.
Bitcoin Private (BTCP) is a forthcoming crytocurrency that will be created in a way that hasn't been done before. It will co-fork ZClassic (ZCL) and Bitcoin (BTC) on a date that is yet to be determined. Another layer of interest added to the mix is that ZClassic is itself a fork of Zcash (ZEC).
News of this unique hard fork sent the ZClassic market into a frenzy, with the price rising from $2 to as high as $235. This could be explained by the expectation that Bitcoin Private may trade at a high price upon release, as have previous forks, Bitcoin Cash and Bitcoin Gold.
The concept behind Bitcoin Private is a very clever indeed, as it will benefit from aspects of both of the coins from which it forks. It will have the privacy features of ZClassic and the recognition and branding power of the word 'Bitcoin'.
The naming aspect itself could give Bitcoin Private the edge over competing privacy focused coins, such as Monero and Zcash. While almost everyone has heard of Bitcoin, the other names would register with very few people outside of the cryptocurrency community. The familiarity of the Bitcoin name helps to establish trust, and this goes a long way towards promoting acceptance and adoption.
So how can you get your hands on some Bitcoin Private when it becomes available? Well, the best way is to own some Bitcoin and/or ZClassic. If you possess either or both of these and control your private keys at the time of the snapshot, just prior to the fork, you will receive an equivalent quantity of Bitcoin Private for free. For example, if you have 2 ZClassic and 0.5 Bitcoin you will get 2.5 Bitcoin Private.
For more information about Bitcoin Private, visit their website btcprivate.org and official Twitter page @bitcoinprivate.
First came Bitcoin Cash, then Bitcoin Gold, followed by announcements of Bitcoin Diamond, Super Bitcoin, Bitcoin Platinum, Lightning Bitcoin and now a plethora of Bitcoin blockchain hard forks and airdrops are flooding onto the scene. Some are fake, while others are jokes or even scams, however, many will turn out to be legitimate and this is good news for Bitcoin holders.
If you hold Bitcoin and control your own private key, then you are entitled to free amounts of these fork created cryptocurrencies as they become available. The number of free coins is usually equivalent to the quantity of Bitcoin you own at the time of the fork, although there are some cases where the ratio is as high as ten to one.
Here are some tips for keeping your Bitcoin safe and getting the most out of all of these potential cryptocurrency dividends.
Bitcoin Cash spiked in price to nearly $4,000 today, after it was listed on major cryptocurrency exchange, Coinbase. In fact, the price started to move upwards prior to this, which has led to accusations of insider trading. The spike coincided with a drop in the price of Bitcoin and created much media interest. The coverage of the story has given a prominent platform to proponents of Bitcoin Cash.
One of the most vocal and influential promoters of Bitcoin Cash has gone as far as to say that Bitcoin Cash is the real Bitcoin. This type of statement has the ability to cause much financial harm when broadcast to potential Bitcoin investors. Those new to cryptocurrencies are often unfamiliar with the history and background of Bitcoin and Bitcoin Cash, and could unwittingly invest in the wrong one if they take what they've heard at face value.
Let me make it clear. Bitcoin Cash (BCH) is not Bitcoin (BTC). Bitcoin Cash is a separate cryptocurrency that was created by a hard fork of the Bitcoin blockchain. It is an altcoin, an alternative currency to Bitcoin.
There are many altcoins, but there is only one Bitcoin and it has the ticker BTC. So if you're looking to invest in Bitcoin, make sure you buy BTC. If you get BCH, you have Bitcoin Cash, not Bitcoin. If you get BTG, you have Bitcoin Gold, not Bitcoin.
Get BTC. It's the real Bitcoin.
Bitcoin Rhodium (XRC) is a new cryptocurrency that is being distributed via airdrop. Unlike hard forks of the Bitcoin blockchain, such as Bitcoin Cash and Bitcoin Gold, it will not simply be awarded to Bitcoin holders who control their own private key. Instead, you need to sign up to receive the coins using your Bitcoin address and an input signature which you generate from your Bitcoin wallet.
You sign up for this airdrop via the official Bitcoin Rhodium website, BitcoinRh.org. Do not sign up for it anywhere else. There are bound to be, if there aren't already, scam sites set up pretending to be official that will try and steal your Bitcoin. You can protect your Bitcoin by never sharing your private key or seed phrase. Any site or email, regardless of how legitimate it looks, that asks for this information is attempting to scam you. No matter what they say, never share it. If you do, you will never see that Bitcoin again.
Bitcoin Rhodium is limited to 2.1 million coins. Yes, the decimal point is not a typo, it's two point one million, not 21 million like Bitcoin. If you register by December 25th 2017, you will receive 5 XRC. There is also a snapshot of the Bitcoin blockchain planned for January 10th 2018, to facilitate a possible second airdrop, and on January 18th you will be able to create a Bitcoin Rhodium wallet and claim your XRC.
The overall coin distribution of XRC will be:
Public mining will open up at the end of January 2018.
For more information about any of the details related to this airdrop visit BitcoinRh.org and their official Twitter page, twitter.com/BitCoinRh.
Bitcoin to the Moon is a blog dedicated to following the original cryptocurrency on a journey to its ultimate destination.
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