Topic: [announce] Namecoin - a distributed naming system based on Bitcoin - page 2. (Read 594420 times)

He did not "contribute" to Namecoin in any way. Stop trying to rewrite history.


That is not Namecoin, it's BitDNS, which wasn't even his idea. He just chimed in a few suggestions on how a BitDNS would work -- this was before the creation of Namecoin, which again, he had nothing to do with.


The market disagrees with this take by a near infinite ratio.


He didn't even "contribute" to BitDNS, because BitDNS never existed. It was just an idea.

A lot of electrum wallets get stopped by computer firewalls, may work on one computer, not another.




Satoshi directly contributed to two digital currencies, Bitcoin and Namecoin.

Anybody can read the BitDNS threads and decide.

https://bitcointalksearch.org/topic/bitdns-in-the-words-of-satoshi-6197

In fact of Satoshi's last 12 comments, 7 involved BitDNS

https://bitcointalksearch.org/user/satoshi-3

Bitcoin was an example of how a 'pseudo commodity', could be created in a fair way if a person trusts the underlying cryptography.

But aside from that, bitcoin does absolutely nothing.

Namecoin has vastly important uses, and that is probably why Satoshi contributed to BitDNS.

Ethereum Name Service is a very weak imitation of Namecoin. It cannot be cloned for use by local groups who want to create their own economies etc which will be the main future use of Namecoin.

https://www.coindesk.com/markets/2024/01/03/ens-token-jumps-50-as-vitalik-buterin-hails-it-as-super-important/

Very very soon Europe will be in chaos.

The United States has been preparing by hardening and militarizing its police.

Namecoin would potentially smooth a lot of bumps, coins dependent on another chain would not.

Does anyone here use electrum wallet and is it working ok for you regarding getting a connection?

Thank you for the article, I would love to read it

How is this old-school coin doing? Namecoin from the days when Elon Musk didn't know bitcoin existed and was a normal person)

https://www.publish0x.com/crypto-bits/namecoinnmc-choices-that-changed-the-present-and-the-future-xzgmzxw


What is the price of freedom on the internet?

NMC got listed on Knolix Crypto Auction

https://knolix.com/crypto-auction

Have fun

You're probably right.


Uh ya, I'm a spammer big dog... <3 Get rich or die spamming!  jk, I'm just trying my little heart out to have more Namecoins to sell to folks.  People keep buying them when they are offered.  I feel like I owe it to our buyer to try to bring in more coins for sale.


I identify as greasy <3

God, please no. lol


If it's funded by any secret service... wouldn't they be pretty flush with funds. 

We could use some secret service liquidity on our namecoin exchange: https://altquick.com/market/Namecoin

I've been sold out on Namecoins for a while now.  People can basically sell for what they want to at the moment (well, offer to sell.)

On another note, who is interested to get NFT running on Namecoin?

Why are you even expanding the efforts?

Says the person suggesting a 3-way fork

Um, what has TradeRunner done or what service has he provided?

A general suggestion for Namecoin.

Create three hardforks which can all use the same wallet if a person has all three blockchains.

Fork 1 Classic Namecioin.
No different than the current one except it has a button that says "clone/fork" and when you press it there is a pop up that says "Would you like to create a clone with a new genesis block, or fork at a certain block?"

Fork 2 New Namecoin
A fork of classic with all existing coins reduced by one or two decimal points, and an increasing emission curve which would solve the massive problem 'satoshi' created without confusing everybody the way freicoin did.

Namecoin's distribution is not as bad as bitcoin or ethereum but because there are large holders in Eastern Europe, a decimal point shift would reduce the pressure put by the U.S. on exchanges to not list Namecoin.

Fork 3 Fair Namecoin
New genesis block but with an updated emission curve to create a fair economy.
Start with a 1 million coin donation to a charity to create an initial supply for traders. Make sure the trading algorithm the charity uses is fully public, like place 10k coins at every integer fraction, and when a lot sells place a buy order at 70% of that level with 95% of the money and use the remaining 5% to feed elephants.

This thread is largely populated with clever saboteurs, but Namecoin could be an important coin if it were made practical and useful.

Most of the commenting on the thread is stupidity. For example the whole profit aspect of coins is that you buy coins and squat on them until you can sell them for a profit. Coin squatting, keeping coins without trying to use them, is the toxicity of coin economies. Squatting on .bit names is quite a bit riskier but if somebody can do it profitably they are smarter than a coin squatter.

Traderunner and others who actually try to do something, whether or not you like their subproject, are ultimately driven away by the morons who appear to be trying to sabotage the coin.

edit
On chain arbitrage between the three chains would let people diversify, and if 10% of the 1 million charity coins were used to create a permanent arbitrage market between the coins, at a very high price initially then slowly declining, it would create a solid floor* in the price of all three forks if the charity traders placed buy orders at the right levels.
*Floor vs whatever outside currency is used on an exchange, and floor for the charity fork vs the other two forks.

Also Satoshi was at least one of the top ten people involved in the process of creating Namecoin.

https://bitcointalksearch.org/topic/bitdns-in-the-words-of-satoshi-6197

https://bitcointalksearch.org/topic/bitdns-bounty-3500-btc-2072

It's completely meaningless except that the celebrity factor is 99% of the value of a lot of coins, and Namecoin is the only coin aside from bitcoin that has that celebrity endorsement.

Thank you for your answer! I would love to see progress on this (I'm not part of the Ordinals project, and see some parts of it skeptically, at last on Bitcoin, but it is interesting).

Of course one can't predict if a relocation of Ordinals to Namecoin would have the desired success, as NFTs' value proposition has much to do with things like "prestige", and thus a NFT on the "OG Bitcoin" blockchain (as I've read it) may definitively push the value of some of these "digital artifacts" a bit. But maybe it's worth a try. Of course, other bitcoin-style blockchains like GRS (where Taproot, afaik, is already activated) can also be used, but I see a better fit for NMC due to it having been developed specifically for non-financial purposes, because Namecoin names have already had some exposition in the NFT "scene", and because it's merged-mined with BTC and so it could be viewed as an "extension chain" of "OG Bitcoin".

It is not, but I think there are no important objections.  It just needs to be scheduled and coordinated with miners.  (And due to a conflict with merge mining, versionbits is not working on Namecoin (yet), so the activation code itself would have to be modified to be based on a block height or timestamp, but that is of course not a big issue.)  I expect that it will be activated sooner or later, just like Segwit was.

Your point about ordinals is a very interesting one.

A question: Was Taproot activated in Namecoin?

The reason I ask is because in theory Namecoin would be the ideal place for the Ordinals project and above all their Inscription feature ("save art on the blockchain"). It's a chain which always was linked to unique things (names, identities, domains ...) and thus the NFT concept would be a good fit, or not? Ordinals would need Taproot to work, although a similar feature could perhaps be built with OP_RETURN if the limit isn't too low on NMC.

A lot of deleted posts, a few edited posts, a ban, wow this thread certainly attracts a lot of drama.


This was the comment I was referring to in the above quote:


This is factually incorrect and its not "FUD" to call it out as such. Satoshi was gone from the public eye before Namecoin was released. There is no record of him lending a hand in the building of the Namecoin software, other than he created the software from which NMC was forked. Because he floated a few substantial ideas in the BitDNS thread it does not mean he "contributed on" Namecoin. He contributed ideas to BitDNS -- no programming or development.

This line is just used by some of the more dishonest peddlers of re-registered NMC assets as "Historical NFTs" to pump their bags. Dunno why Trade Runner deleted all his posts, but anyway, it is worth clarifying for the record.

Also for the record I think the old domains and names are kind of cool. I liken it to "would you want to re-register askjeeves.com if given the chance?" Sure, it would be fun to own as a historical collectible. It has an interesting story behind it and collector value. They are cool in their own right; no need to artificially inflate their significance with some verbal slight-of-hand.

Alright I guess that wraps er up for now, see you all in a year or so

Can any namecoiner tell me what is the safest exact place to download electrum wallet please?TIA

Someone sold a whole 14 NMC too today on swap today.

I'm adding to NMC's main AltQuick markets liquidity, slowly but surely.

Anyone can place an order for any amount they want for your Namecoin.  We need more market makers.