Topic: [announce] Namecoin - a distributed naming system based on Bitcoin (Read 596801 times)

Namecoin will be at 38C3 and FOSDEM 2025🚀🚀🚀

https://www.namecoin.org/2024/12/16/38c3-fosdem-2025.html

Luckily for NaMeCoin, the FreiExchange management found it an interesting and/or useful and/or classic enough ancient classic coin to support it.

I had always basically felt anyway that exchanges that are not sufficiently interested in a coin to actually support it on their own initiative probably should not even bother nor be bothered with, but I can certainly understand that the lack of good reliable secure free open source exchange software preventing free open source grassroots projects from throwing up an exchange just like they started throwing up pools and block-explorers as soon as reliable free open source pool and block-explorer software was available kind of inevitably forced many projects to resort to commercial exchanges that didn't seemingly care about the coins nor in many cases seemingly their own users even if some scam was willing to pay to be listed.

Are there still no free open source exchange software releases that actually work securely and reliably, and still no free open source "atomic swaps between any arbitrary chains" systems?


-MarkM-

It had been running for many years until some point when it became untracked.

Well, I'm still not convinced that if my NMC holdings one day would become NMCClassic, while attackers would benefit from fake NMC on pools and exchanges and sell their fake coins to people who would be convinced by them that it's the only one "true" and "revived" Namecoin - that it is a normal way of how crypto works.

Even if NMC is not dormant right now, at some point in future it could face stagnation, when block explorers are not renewed or exchanges delist it if the volume is low, and that could be ideal point for attackers to convince that their NMC (forked, for example, from some point in 2013 before they sold it and had a lot in their wallets) is real, updated NMC, listed by them on pools, cool exchanges, aggregator sites.

The solution could be to recognize this kind of scams and not accept them, be it submitted to CMC or other aggregator sites, or pools, or exchanges. We need serious projects that can investigate the crypto scene, recognize and report fast to community these fraudulent activities, even if they are hidden under a mask of good. Anyway thank you for discussing, long live NMC!

If as you imply the original chain has been running all these years we can go ahead and refer to it as Lucky Classic and keep on going.

Which, on-topic, translates to if someone steals the NaMeCoin branding those who have or can get the current blockchain and keep it going can simply use the term NaMeCoin Classic and keep right on keeping on.


-MarkM-

EDIT: Remember, money is IOUs so simply not being "above the fold" or "on popular exchanges and aggregator sites" just means the IOUs aka money could be harder to sell to new users, it need not mean they are any harder for their issuers to redeem aka buy back from those to whom they had been issued even if going forward fewer people might be interested in accepting them over again having redeemed them. Its not as if the existing exchanges etc suddenly changed the existing buy offers columns over to suddenly become buy offers backing the newfangled fraudulent version is it?

Just to clarify that.
A lot really changed for LKY holders. In 2014-2024 even if Luckycoin was not active during last years, still there were expectations that one day the project will be continued in a fair way, from the latest mined block.

There was a single chain operating since 2013, one of the oldest chain. Investors and miners were interested in the story of Luckycoin, they were investing exactly in what now is being again promoted as the same concept, with the same logo, name and domains, but with all coins accumulated since Nov 25, 2013 disappeared in the new chain. Now there is no hope that someday the real historical project will be alive, because all its recognized attributes are stolen, replaced with fake Luckycoin, which was forked deliberately from the point deep in the past (11 years ago). It is just a double spend-like activity, and also a theft of attributes of dormant LKY project. It could be called "revival" only if the entire chain would be saved and continued from the latest block.

It is not a revival now, it is just fraud which could happen to many coins and blockchains. If crypto community would not stop this practice, it discredits the entire idea of immutability of crypto.


Anyway agree with you that it is off-topic a little here, we can discuss it in LKY ANN thread. On-topic my concern though is that some other historical chains like NMC could be a target of similar attack one day, not right now maybe, not in exactly the same way probably, but all holders of legendary coins should be aware of possible activities of scammers controlling a lot of hashrate and dreaming of making easy money out of stealing history, years of faith and hope.

Glad to hear that a legend like yourself is not involved with the fraud. I can confirm in fact you were the first who informed in this forum about what happened to Luckycoin this autumn, to aware people of that.

AFAIK that's what CMC goes by: what the owner of the originally-linked domain says.

I realize we are now totally off-topic, but despite whatever any shit-for-brains on Twitter has to say, I had nothing to do with the LKY relaunch. I just thought it was cool that they attempted to integrate a piece of the old blockchain, which makes it inherently a more worthy "revival" than Bells. Then I learned New Lucky was forked from New Bells, which was forked from Dogecoin. So everything is totally ass backward, and you should feel bad if you buy any of this "revival" garbage.

Buy NMC instead. Its merge-mined with BTC, it has "NFTs", and it has a continuous on-chain history since 2010. Possibly most importantly its free from the shenanigans and lies of the walking trashbags that you take investment advice from.

There I made it on-topic again.

If it is New Lucky, then it is incorrect to use the same name, symbol, logo and story.
To say nothing of taking over old Luckycoin web domains and editing old Coinmarketcap listing. If the coin is new, then it is incorrect that domains, story, name, logo are not new and the same one with original LKY, no matter died it or dormant.

That can't happen because unlike Lucky, Bells & Junk, Namecoin never died. So its literally an impossibility.


They were without their coins before, and they're without them now. So nothing changed for them. The New Luckycoin isn't the same thing as Old Luckycoin (nor Bells nor Junk). Its more like Old Lucky holders before block 81,743 got an "airdrop" of New Lucky.

that could help only in case of relatively fair game, if all rules of crypto ethics are broken, and Coinmarketcap, pools, exchanges would list a NMC chain forked from the block in 2013, and delist current NMC, checkpoints in the delisted chain could only save the chain itself, but the chain would be not main one, and coins would be useless if pools and exchanges would prefer a "revived" chain, one from Coinmarketcap

Maybe it is worth from time to time releasing new node versions that include newer checkpoints, so that from time to time users can update their nodes to be immune to attempts to fork far far back in the timeline?


-MarkM-

Hope that NMC will not be the next target for fraudsters after Luckycoin (LKY).
The coin had been mined for years being one of the oldest chains with more than 1.5 million blocks, and someone "revived" it and forked from the block 81,743 from 2013, under LKY original name and logo. Coinmarketcap updated LKY information with the fraud that left many miners and investors without their coins, being accumulated in 2014-2019.

Be careful, to avoid the same scenario.

After all these years how much impact have you managed to have on the trading volume at FreiExchange?

My own experience market-making on a small scale leads me to think that even just all by yourself you probably ought to have been able to have a noticeable impact, and of course if anyone thinks as you do, that is, that more volume is needed, and also acted upon that thought, between the lot of you you ought to have been able to build at least enough volume to adequately service one-another's trading-NMC needs.

Namecoin is one of the classic ancient grass-roots free-open-source crypto projects, instead of going begging to the venture capital community or whatever it seems to me to make sense to simply pull your weight as a member of the community, you might be surprised how much difference you can actually make...

Unfortunately I am currently already occupied on FreiExchange building the order-books for IXCoin and I0Coin so might be a while before I can jump in to help but in all these years I haven't looked yet at NMC but would expect it is already much higher volume there than IXCoin and I0Coin simply because it presumably has a more active community?


-MarkM-

The only three blockchain projects to attend 38C3 are Ethereum(#2), Monero(#44), and Namecoin(#1018)!

https://decentral.community/

Check out Tor's collaboration with Namecoin here! Namecoin is the most underrated cryptocurrency on the planet.

https://namecoin.org/2024/07/24/tor-2024-gpn-22-monerokon-4-summary.html

Yes the volume is not great these days anywhere but the major advantage of using freiexchange is that your corn is super safe there and with whats coming down the line it will be this advantage that matters the most to peeple who leave their corn on an exchange 

There are a lot of fake namecoins on Twitter (like namecoin_SOL). What should we do?

freiexchange, coinex has no trading volume, so trading there is risky. That's why binance listing is necessary.

You can buy them on freiexchange. Freiexchange are good peeples.

I really hope namecoin listing other major exchange.
If coinex suddenly close, namecoin can also disappear..

When I asked Jeremy about this issue, his development team said they were asked for money to list on the exchange.

In my opinion, Namecoin developers are mostly volunteers and lack the funds to list on the exchange....
Namecoin needs a big sponsor!

You should be able to buy from Coinex but may need a VPN.

And I really wish these devs would stop gaslighting us about why they've made no effort to get this coin listed onto a few more exchanges. Literally every single time I've ever brought this up I've never heard a truly logical explanation. Like I've heard excuses but never any good ones???