Quote from: UKBob on April 01, 2016, 09:28:37 AM

Quote from: toucan on March 31, 2016, 08:45:16 PM

Ok, all you mining diehards..here's 7 reasons why Rimbit makes more sense as a universal currency than BTC

1) Your wallet on your own PC is your own bank. No need to store your RBT on Mt Gox and risk having them stolen.

2) All confirmations are down by the user community wallets, not centralized and limited to only big mining farms.

3) When you help confirm the transactions in #2 above, your wallet earns (mints) free RBT at a rate of 5% per annum. With BTC, only the mining firms earn free BTC.

4) RBT is becoming more and more decentralized as more people buy RBT and get their wallets. BTC however is rapidly becoming more centralized as the cost of setting up huge mining farms is in the millions of $

5) RBT transaction confirmations are getting faster and faster as more wallets come online. BTC confirmations are slowing noticeably recently as the number of nodes is rapidly decreasing.

6) The difficulty of the BTC algorithm is increasing so quickly, that in less than 5 years, it is likely no computer will be able to solve them and BTC dies. RBT is just purchased from IndiGoGo crowd funding site.

7) BTC wallet and software upgrades have no funding source, so there is no way to fix problems or enhance the wallet. RBT gets funding directly from sales on IndieGoGO in #6 above and uses the funds for wallet upgrades, enhancements and developments such as the RimbitPi $200 nifty hardware wallet.

Get your RBT now! Grin

https://www.indiegogo.com/projects/revolutionary-and-established-digital-currency#/

8. BTC will soon be using as much electricity as Denmark! Rimbit can run happily on old PCs / Pis etc http://www.extremetech.com/extreme/225660-bitcoin-could-soon-use-more-power-than-denmark-but-help-is-on-the-way

To this, you can add that the Rimbit community proved to be a warm welcoming one with members from different spheres of interest. That adds to its intrinsect value as a cryptocoin.