Great to hear and we will support the "Well" for a long long time
If you need more coins for testing, let us know

Sounds a bit messed up from the start.
I thought this was a fork of PMC, so not sure where 2GIVE is positioned in all this.

I maybe wrong, but from what I read, PMC had all good intentions, but was unable to make it work.

FYI, Rimbit is all premined and back in 2014, we looked at how distribution would be managed without the mining aspect, but we ruled out giving it away, very early on, as it then carries zero value from the start.

Understood... I have let posts run their course before, however, accusations based on nothing, wont sit well... and total disrespect for reposting it (thats just a low life thing to do).... So I guess I called it right the first time

He is making a false accusation....
The intent is malicious as he reposted the deleted post... When all that was needed was to rephrase it without the accusation

With regards to "Continued mining dead coins for profit" the topic...

What we propose to do is first get the community talking about the proposal and see if there is a general consensus among them to take this on.
If so, we would then discuss things further with the devs and if they are not about, work with the community to find people from within that group to take over the project.
From there we would help get the network back up and running

So dead coins can have the opportunity to begin mining again under their own management, with some help from us and get the ball rolling with some exchange of coin

Some coins may still be listed with exchanges and I am sure they may decide to exchange out elsewhere, which is fine as it will lower the dumps on our end.
If they are not listed elsewhere, they will have the opportunity to exchange with Rimbit and from there, do as they please.

Thats exactly it....
I am the first to agree that many people dont like Rimbit, but this is about other coins

We have members who are looking at these dying coins and giving a report about them on our forum, so choosing one should be a lot easier and it would be done via group consensus

As you rightly said, it will cause a big dump, which is nothing new to us as we have a bitcoin fanboi crew thats been doing that to us on exchanges for over a year, so adding a few dumps due to necessity, instead of "an agenda" would be a welcome change

This thread is moderated because we want a platform to be heard with the same rights as anyone else.
When a user can come and open up a deleted post and display it... then that is not a fair playing field.

You can have your opinions and say them freely, but when you make things up simply to go forward with your own agenda, then I will put the brakes on.
As per "self moderated", if you dont like being moderated, please start your own topic.

Thanks mate... I appreciate all your comments, but more so that you have been civil during the discussion... Good luck to you as well

Dont be under the assumption that we will be helping all dying coins.
They will be vetted and must have some life in the community, even though they may not have working nodes to transact.
We have members on our forum that are studying coins and reporting back to our forum members.

One thing that we will look for is a community that is looking to resurrect a coin and discuss options to do so...
We know most wont make it far, but perhaps with financial assistance and a guaranteed exchange system in place, it will not only help Rimbit have more of a presence on exchanges, but also give these coins another chance to grow, with our support.

Dumping will definitely happen and we will limit exchanges per day and alter the amount of exchanges based on the dumps, so after a while, all the dumpers will have had their fill and we will essentially be left with the hardcore users, who we will then open up the exchange volume to compensate them, so trade is not restricted...

We have done trial runs with other dead coins, so we know what to expect.

Adoption for Crypto, tends to come from users already into Crypto and who also follow this forum... We have been able to introduce people from outside the community and that is what the majority of our userbase comes from.
By combining the 2 groups (crypto and average user), we aim to also have the opportunity to see more collaboration between the 2 groups and you may have noticed that Rimbit members who are replying on this forum have low posts counts because this is so new to them.

As for PMP, they did start out as PMC, but they didnt have a business model that included funding and relied to heavily on the principals of "community" by giving away the coin, which is a disaster from the start.
https://bitcointalk.org/index.php?topic=427519.0

Rimbit is not dying as our users hold the coin rather than use exchanges to buy and sell. (I attribute this in a great part to Rimbit being a POS coin and people like to see Interest trickling in)
Our userbase is very different from those who are comfortable on the Internet and many of our users are using a forum for the first time

Our hope is that by introducing mining via proxy (other coins), that we also start to see movement on exchanges, instead of people holding onto Rimbit.
Rimbit has been trading for over 2 and a half years and we still fund internal projects and occasionally some forum member projects, so we are quite healthy, except on exchanges.

Its quite evident that the average person is happy to purchase Rimbit, which introduces them to the Crypto world, but are hesitant to not only participate in forums, but are also very uneasy about using exchanges.
So by grabbing dying coins, we introduce new people to Rimbit who are more comfortable on the Internet and can help/offer advice and participate on our forums and also contribute to some of our projects that we run.

We have a RaspberryPi that we are testing and a few people in our community are already running them, which Rimbit sponsored the project and we hope to have them widely available soon
We are also working on our own Exchange, which will be run by forum members (as its their project)

So NO, we are not dying, but we are not doing the best on Exchanges and we hope this move will not only help us, but also get some coins back on their feet

EDIT: I should clarify that we dont rely on our survival from Exchanges, but we do realize the importance of them and this move is to show people (like in your comment) that we are doing quite well and have been doing so for a long time now

We have trialed it before and know some of the difficulties of doing that
From what I read, the exchange was done by 2GIVE in a bit of a difficult way as it relied on a user to do the exchange, where we would automate it, just like an exchange in real time, but closed off to only these dying coins.

We would be setting up nodes to get the network back online and after that, we would hope that the coin in question has a loyal enough following that it can start mining again.
At some stage, it will be healthy enough to go it alone and by then, we would have promoted our coin and also helped revive another coin in the process, so dont assume we dont get anything out of it.

Yes, thats what I am saying and if the community is still somewhat intact, then they might have a chance to revive the coin.
We may have to setup some nodes to kickstart the coin, which we dont mind doing, as we are funded by the community and this would be a community project.

We know that at some stage a coin that we do revive, may decide to go it alone again, so all they would need to do is take over the nodes

This is not something that we have just come up with... We have a forum where this has been discussed http://rimbit.com/forums/#altcoins-other-coins.60

We did trial last year (I think it was then), it as a direct swap with another coin that was completely dead and we saw dumps on a few exchanges, so we know the outcome.

This time around, we will look for coins that can be revived, so those people that still are passionate about that particular coin, can continue mining and exchanging it as needed.

PMP is one that we are looking closely at and I have posted in their thread about helping them out.

Where did you get that idea from...
You get Interest on the Rimbit you have in your wallet... Thats nothing unusual with a POS coin

The idea for this project stems from a post that has similar principles as Rimbit
https://bitcointalk.org/index.php?topic=427519.0

We are considering, helping coins like this out
https://bitcointalk.org/index.php?topic=1585939.0

We are looking into setting up a special exchange for trading dead or dying coins for Rimbit

Setup an automated website that will track coins that we choose to salvage, voted on by the community. http://rimbit.com/forums/announce-a-dead-or-failing-coin-here.62/

The website will also exchange "other" coins for Rimbit with a daily volume cap per user that can be lifted per coin, based on the DUMP situation that will definitely occur, especially in the first few weeks where large coin holders try and swap out their holdings.
The website will list "other" coins and information about them, so miners can pick and choose which coins to mine for that day or so.
Developers of other coins can continue development of their coins if they wish

The outcome is that there will be multiple coins being mined for Rimbit, with a % valuation that is less than buying Rimbit outright, however, if difficulty is kept low and miners are spread across the pools, that should help keep the mining difficulty controlled, unless the coin has some strange difficulty adjusting process.

Calculations can be based on coin market valuation of both Rimbit and "other" coins minus a % to allow for better rates if purchasing Rimbit directly
The Rimbit wallet can be topped up daily with x amount of Rimbit over a 24 hour period and will increase the topup amount as more Rimbit is being moved.

To start this, we can modify an exchange type website or build from scratch

As other coins begin to kick in and get back on their feet, they can either continue with us or go it alone, with the only caveat being that coming back would not be an option.

We may (most probably) need to setup nodes to get some if not most of the coins working again, which we can manage without to much drama

Most of Rimbit is not traded on exchanges as people prefer to hold onto them and continue to get Interest and that is the primary reason value hasnt increased or trade isnt big on exchanges.
So by introducing the mining community back, via dead or dying coins, we can promote Rimbit and get the value and movement happening on exchanges, while also assisting dead or dying coins and their users to another chance at keeping those coins alive and profiting from them

So, the next thing would be to see the reaction we get from thread posters... Is this an idea worth pursuing?

This topic is self moderated, so if you are here just to hate, you will be moderated.

We could consider keeping this project alive if there is any interest and the developers allow.
How far gone is it? Are there still nodes up and running?
Our solution is here https://bitcointalk.org/index.php?topic=1585939.0

How to get Free Rimbit
We have a facility now that with the more involvement people make, the more RBT they can earn

There is also a Menu Item called "Bank" which just adds to the excitement!!!

So what is it?
Every time you do some actions on the forum, it is added to your Money section.
This can be used to redeem for Rimbit... !!! YES, your actions qualify you for free Rimbit !!!

Here is a breakdown of what you earn....

- Register on the forum - 1 RBT
- Increased: New Thread - 0.5 RBT (minimum 50 Characters to apply) Now 0.6 RBT
- New Post - 0.2 RBT (minimum 50 Characters to apply)
- Attachment to a post - 1 RBT
- If someone downloads your attachment, you get an extra 10 RBT
- Liked - 0.1 RBT (The person who you liked, get the 0.1)
- Unliking - minus 0.1 RBT
- Add a New Resource - 5 RBT
- Update a Resource - 2 RBT
- All these will be monitored and we will take drastic action if we see people liking, posting excessively as we will take that as "manipulating" the system... However, we also know that many will be more sociable on the forum with this in place, so we will take that into account.

What can you do with the RBT in the "Money" section in your User Box?

You can send it to another user as a gift, to purchase something from someone else.. etc

You can redeem it for Rimbit, once you have over $200 in your Money Box.. Note, due to the limitation of the software, in this instance $ symbolizes RBT... so 1 $ = 1 RBT

NOTE: There is an area called "Funded" which is now defunct and we will remove it as it serves no purpose now.

http://rimbit.com/threads/how-to-get-funds.5553/

Our forum is now hosting some sporting events which are mainly for fun.
However, funds can be converted back to Rimbit and sold on exchanges

The events are mainly any event that can be verified
http://rimbit.com/sportsbook/

At a certain membership level on the forum (it doesnt cost anything, you just go up levels depending on your involvement), you can become a bookie and setup any sporting event, such as motor racing, football etc.... and if there is a category we dont list, just let us know and we will set one up.

The spending funds you get, you also do not need to pay for and you can earn them just by forum involvement.
http://rimbit.com/threads/money-in-your-user-box-what-is-it.5552/

We welcome anyone that would like to try the system, or simply become a forum member and its all for free... and if you earn enough, as stated, you can redeem them for Rimbit and exchange them at any of the exchanges we are listed with

Have fun