On December 1, XRC celebrated it’s second anniversary since launch in 2017. Also few weeks earlier team presented updated roadmap. That’s why we decided to host an Ask Me Anything (AMA) on Friday, December 1 on our subeddit so team could answer follow up questions related to those two events.

Here is the transcript of the XRC Ask Me Anything.

Q: The SH reward was doubled for 4Q19. Will the doubling be made permanent? That is, will the program be reduced from 8 years to 4 years? This would coincide with the anticipated halving date.

henry: You will see soon. Christmas time is coming 😉

Q: Can you explain the advantages of the X13 algorithm? I don’t understand the difference between this algorithm and bitcoin

ekcdd: The main advantage of X* algorithms is that multiple algorithms are used to make up x13, this means it is much harder to completely break since you would have to find a weakness in every separate algorithm (which is 13 different algorithms) compared to bitcoin’s one SHA-256.

Q: I’ve read on Twitter (https://twitter.com/TheRealXinxi/status/1199931576475238403) that BTC and LTC will be getting smart-contract functionality via Simplicity Any plans to implement that for XRC?

baff5b: It is possible, but this is not currently on the roadmap. (And of course, these things are interesting and we would love contribution of effort towards XRC!)

Q: What can we expect about project developments by the end of 2019?

henry: You can read our plan in our RoadMap here https://www.bitcoinrh.org/En/RoadMap. Actual state:

• SQL Lite Wallet database is still in testing — There cant be any mistake.
• Ledger HW wallet — Waiting for acceptance from a Ledger team.
• New Electrum XRC is ready on testnet
• WASABI Wallet in progress
• FreeMarket One in progress

ekcdd: Also with the introduction of wasabi, we hope we can offer more options in terms of privacy.

baff5b: Agreed — a Wasabi port to XRC will offer more options around controlling your XRC … CoinJoin option, manual coin selection (you can also do this in Electrum now also, but I think Wasabi makes it more obvious UI wise right now), Tor by default.

The preliminary effort with this also helps and add new features to the XRC node software too.

Q: Which area does XRC focus on at the moment? (DeFi, Dapps,..) and which products/projects are you developing to support it? What are you planning to achieve with your project?

baff5b: I will probably talk about it in two ways, both primarily end-user facing: utilizing and enhancing tools around owning XRC and secondly making markets around XRC. So — more work around official wallets (focusing on building on Wasabi) and then secondly FreeMarketOne decentralized PM market trading. So, I’d say primarily now, we are interested in building value through useful applications on top of our blockchain.

Q: Adoption is one of the important factor that all sustainable blockchain projects should focus to be more attractive in the invertors eyes.Can you tell me what XRC has done and plan to do to achieve Adoption in the reality,real use cases,our real society?

henry: Real… I dont like this word because in our actual world what is real? On all our social platforms isnt real content. There are fake news, fake followers, fake users, fake likes, ..Instagram is full of fake pictures (Photoshop)… Facebook walls are full of beautiful pictures but real life of owners is other… In TV are news which are commercial (it is about ratings and manipulation with population) only. Etc…

Sorry maybe i’m little bit paranoid :) :) :). But back to your question. Our REALLY REAL use case is FreeMarket ONE which will use XRC as base token for trading. It will create REALLY REAL ecosystem (buy/ask).

bitcoinrh: If by real adoption you mean purchasing with XRC in your local supermarket that’s probably won’t happen very soon. Sure, anyone can start accepting XRC as it’s an open source project but being a payment system isn’t our main goal. We expect real adoption with upcoming Freemarke.one release. Until then our primary use case is Strong Hands Program.

Q: As an investor and early adopter, I find it difficult to access/value a project in the short term and require longer periods of time to fully understand, recognise and value it. So, to help my understanding, can you tell me what plans are set in motion to add value to Bitcoin Rhodium ?

bitcoinrh: It was mainly answered already. Also please check our Roadmap. The biggest thing we’re working on for a long time now is the upcoming Freemarket.one release. But building a coin from scratch isn’t really an easy task and a lot of other small things are set in motion and require everyday work and attention. One of our strengths is an active team. And we don’t plan to slow down.

Q: Most of investor just focus on the price of token in short term instead of real value of project. Can you tell us the motivation and benefits for investors to Carry XRC long term?

baff5b: Just talking as an investor, not as a developer: What got me enthusiastic originally and even now is the potential for price growth with its scarcity in mind. In 2017, there were a few low-supply coins that reached $700-$1000 per coin. While there was a lot of irrational exuberance during that time, I see that if (it will!) cryptocurrencies will be the future of finance, I think XRC will be there to go along for this ride. The message is growing, with a growing community and more ambassadors are stepping up to talk with others about XRC.

I also think that many (and it includes myself) that finding anything truly distinctive is really tough outside of BTC and possibly ETH. I think that is part of the expectation of a nascent market. Regardless of that, we are continuing to grow — FreeMarket will reach beta and we are porting and building good utilities to secure an XRC investment.

Q: What is the schedule for Freemarket.one beta release? Will an invitation be sent out to do testing and feedback? Is this going to be a DEX? What is the process of listing an asset? Are asset class limited to precious metals or open to listing other cryptos as well?

henry: Sure… there will be necessary to do testing… a lot of testing… in right time we will invite some people for testing and yes you can be one of them. …FreeMarket app will grow based on user experience and based on requirements from users. Then … everything is possible …all will depend on demand :)

Q: Your latest Twitter poll https://twitter.com/BitcoinRh/status/1199681401148325888 shows that people like mobile wallets. Should we expect some new options there in the near future?

bitcoinrh: As you may know we now have Magnum wallet option. it has an Android app and also a web version that works great on mobile and iOS app coming soon. But we won’t stop on that and constantly explore other third party mobile wallets for XRC holders. Stay tuned for more details.

Q: Who do Bitcoin Rhodium see as competitors and what makes Bitcoin Rhodium stand out from them?

henry: Actually I dont know who is our competitor. Our mission isn’t about technology only. We want to create real ecosystem connected with https://www.freemarket.one/ .. and with our low supply is our target … I dont know how to say it now but… something like …”luxurious segment”? Target of BRhodium is to be rare. Very rare.

rodendron: To extend what’s been said above, different usecases have different competitor sets. For example Store of value which is one of primary usecases, compete with all other ways of storing value, fiat, precious metals, crypto assets, securities and etc. Bitcoin Rhodium (XRC) is ultra scarce digital asset modelled to have high scarcity properties such as StockToRatio, and after several block reward halvings will exceed Gold (XAU) scarcity.

Q: Why shall I invest in Ƀitcoin Rhodium (XRC)?

henry: BRhodium is still young (8 years younger that Bitcoin)… and our plan isn’t any scam scheme.. This product will be more and more decentralized. .. and have to be in future possible to survive alone…. We are building this project … because we want to bring something good into real world. I don’t care about price… my activity on this project isn’t about money. And yes my opinion is that is very good that we aren’t in main line… we are like ugly duckling (https://en.wikipedia.org/wiki/The_Ugly_Duckling) … we have time to grow without limitation and supervision.

bitcoinrh: The most prominent reason to invest is scarcity, longterm proactivity of devs, the other one is the Strong Hands Programme — It will reward proactive holders and stimulate new investment, and implementation of a decentralized https://www.freemarket.one/ for crypto and precious metals investors.

Thank you to all participants of this AMA!

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