Rimbit started out in mid 2014 on Indiegogo

2 years later, we are still going strong and we have been through a few iterations of our software wallet, expanded out reach around the globe and created a community of people who want to own their Rimbit without the pressure of Governments and Companies.

These people know that they must own what they work for, without being obligated to release it or have it controlled at someone elses whim, to cover loses "others" have done, due to their greed or mis-management (Bank Bailouts)

Why Crypto Currency was started

Over the years, financial institutions have gone from the role of a Bank that holds peoples funds to a Institution that tells you what you can do with your money, who you can send it too, how much you can take out and who they wish to invest your money with, while risking your money and losing it if they fail, and keeping the profits if they win.

After all, when a big deal is made with your investment, do you ever see the profits your funds made? NEVER!
So Crypto Currency was born to shake up the industry and allow people to control their funds and keep it out of the hands of Banks and Governments, after all, you worked for it, so its yours!



So why not use Bitcoin?

Bitcoin is fantastic and we dont deny it, but its only fantastic now, while the community gets accustomed to owning their own money, but it has a fatal flaw that we saw, way back in 2013, reported it and watch it swept under the rug, which it still is to this day!

The process of transacting in USD, Euro, Yen or any other currency, is that it must go through a Bank for the transaction to occur, and thats where the Banks decide who, what or when they will decide what they will do with the transaction.

Bitcoin works scaringly similar to the way banks transact, which is through a central point/clearing house (mining), and they decide when, who or what they will do with the transaction, albeit with less actual control of the transactions.

This is done via the mandatory way Bitcoin works, which is that every transaction must be confirmed and verified by miners before it is sent to the other party, much like a Bank, confirms and verifies a transaction before it goes to another party.



This is where Rimbit changes the Status Quo

We know the reason why Bitcoin is mined, but we couldnt shake of the notion that these miners actually control the network and if they ever attain more than 51% of the network, then they can alter the code to suit them.

Currently 21 companies own more than 95% of the Bitcoin network... Not you, Not I, not the people Bitcoin was built for!

So Rimbit started on a solution to bypass mining and look for a way to put the control back in the hands of the community, and in 2014, we created and tested our first system, that didnt need mining to confirm and verify transactions and would instead use the software and a person's PC or Mobile device to simply confirm and verify those transactions with little more than the community being involved in the process.



We had to create a New Crypto Currency

Rimbit cannot work with Bitcoin as it is a closed system that need miners to work, so we had to create and release a New Crypto Currency before we launched, and this is fondly named Rimbit and has the currency code RBT.

Rimbit and the Indiegogo campaign are not about the currency, but the development of the tools to move the currency (Rimbit) from person to person, via software that is called a Wallet!

Its is the wallet, its functionality, its simplicity and its features that we need continued funding for, so we can continue to develop easier software to use, increase security and we also have people working on adding document verification into the process, some time in the near future, so contracts, rental agreements and other documentation can go through the Rimbit Blockhain (online ledger), that will further enhance the Rimbit Wallet for future generations to adopt and make part of their everday usage.

Hardware Wallet

As Rimbit has been running for 2 years now, we have a fantastic community at www.rimbit.com and over the course of time, it was suggested that we build a Hardware Wallet, which we did and are now releasing it to a few forum members, who have purchased the demo unit for testing purposes.

We will in the near future release a Version 2 of the campaign, for general public version as the first version, was mainly to become a Beta tester.

The future looks good for Rimbit as we have survived past the fail stage and now only need to continue our funding, so we can continue development of all the tools and infrastruture that will surely see Rimbit climb the ladder of best Crypto Currency as the others begin to faulter under the weight of their mined system.

It should be understood that if you purchase a perk from Indiegogo, it is only for the funding of the Rimbit Wallet only and any anything extra we give you is considered a tip or bonus from us to you for your fantastic contribution