[announce] Namecoin - a distributed naming system based on Bitcoin - page 27.

Looarn

sr. member

Activity: 560

Merit: 250

I have a question regarding what's happening in the namecoin mempool.

I have a TX with good fees, and lock in the mempool for 2 days now.

I see in the mempool lot of pending TX, and lot of emply blocks mined.

What's going on ? Is the merge mining of big pool not including TX ?

What can we do to fix this ?

Thanks for futur answer.

Best,

karakozov

newbie

Activity: 3

Merit: 20

I made a search engine for .bit websites. Hope everyone stop talking about price and try to explore .bit websites.

http://liddle.bit
http://liddle-bit.com (if you can't resolve .bit domains try this)

BitcoinPlusBus

legendary

Activity: 1484

Merit: 1032

Quote from: trantute2 on October 20, 2018, 04:52:29 AM

Quote from: BitcoinPlusBus on October 17, 2018, 03:34:34 AM

I don't think I have ever seen Namecoin this cheap on the exchanges.

True. Relative to Bitcoin, the price of Namecoin is at its historical low.

Coinmarketcap does not use WEX anymore for determining the Namecoin-price. And the price at WEX ($) is still increasing, whereas the price on the other exchanges seems stable.

Maybe, every Namecoin, which is bought at WEX, is sold on some other exchange. Decreasing the supply and increasing the price at WEX, whereas on the other exchanges, the coins are immediately bought for the current price so that the non-WEX price is in an equilibrium.

It becomes really interesting, when WEX's Namecoin supply collapses (and with it maybe the whole exchange), since the supply there cannot be infinite (which is already reflected by the increasing price). That is, pay attention to WEX's Namecoin price excess. I think 8$ for Namecoin at WEX without at general crypto bull market, and WEX is history.

I think the users on WEX only have the option to cash out of the exchange using some alts so it probably has a bearning on the price although if price for namecoin goes too far up there I can't see too many willing to take such a large hit by selling at the lower prices the other exchanges are offering unless they are buying and simply taking them off the exchange and holding them on a wallet waiting for a recovery or until they can at least get the price they paid for them on WEX but on an exchange without cashing out issues at some later stage if price recovers a bit and liquidity allows it.

On another note I found an old but interesting tweet mentioning namecoin.It has some links posted on it too.

https://twitter.com/wikileaks/status/78906603948093440

trantute2

hero member

Activity: 784

Merit: 544

Quote from: BitcoinPlusBus on October 17, 2018, 03:34:34 AM

I don't think I have ever seen Namecoin this cheap on the exchanges.

True. Relative to Bitcoin, the price of Namecoin is at its historical low.

Coinmarketcap does not use WEX anymore for determining the Namecoin-price. And the price at WEX ($) is still increasing, whereas the price on the other exchanges seems stable.

Maybe, every Namecoin, which is bought at WEX, is sold on some other exchange. Decreasing the supply and increasing the price at WEX, whereas on the other exchanges, the coins are immediately bought for the current price so that the non-WEX price is in an equilibrium.

It becomes really interesting, when WEX's Namecoin supply collapses (and with it maybe the whole exchange), since the supply there cannot be infinite (which is already reflected by the increasing price). That is, pay attention to WEX's Namecoin price excess. I think 8$ for Namecoin at WEX without at general crypto bull market, and WEX is history.

BitcoinPlusBus

legendary

Activity: 1484

Merit: 1032

I don't think I have ever seen Namecoin this cheap on the exchanges.

vlad2323

sr. member

Activity: 1351

Merit: 319

smartholdem_team

Namecoin is live on XBTS DEX Exchange!

https://xbts.io

Welcome to Bitshares!

d5000

legendary

Activity: 3906

Merit: 6249

Decentralization Maximalist

Thanks trantute2 for compiling the news! That looks really good, I hope the efforts of the coders can bring us to a solution with really good usability "for the masses". In this case, I guess Namecoin is seriously undervalued Wink

trantute2

hero member

Activity: 784

Merit: 544

Quote from: domob on October 04, 2018, 08:25:53 AM

Quote from: trantute2 on October 04, 2018, 01:39:12 AM

The first 12.5 NMC block:

https://namecha.in/block/145f72ea59018ca4117015e3c25a2ed24e22e67c948841dd46a200db11d778be

Very cool! We'll see if it has any impact on the market price, though ... perhaps only after the general bear market / bad sentiment turns.

True. I also think, that the decrease in supply will shown an effect much later. But this is not the worst situation. Time enough to buy several thousands of namecoins.

Besides, there are many news on https://namecoin.org/. However, I still do not understand, how, e.g., ConsensusJ-Namecoin works (https://namecoin.org/docs/bitcoinj-name-lookups/). I tested it again and there is the same error as a few months before. One problem is, that the given example does not provide the output to expect.

This also looks very promising: https://namecoin.org/2018/10/04/electrum-nmc-name-script-deserialization-round-2.html

hornetsnest

hero member

Activity: 1466

Merit: 973

Can anyone get Kimdotcom on the blower and see if he will change his name to kimdotbit because I have a nice little bag of namecoins now?TIA

domob

legendary

Activity: 1135

Merit: 1166

Quote from: trantute2 on October 04, 2018, 01:39:12 AM

The first 12.5 NMC block:

https://namecha.in/block/145f72ea59018ca4117015e3c25a2ed24e22e67c948841dd46a200db11d778be

Very cool! We'll see if it has any impact on the market price, though ... perhaps only after the general bear market / bad sentiment turns.

trantute2

hero member

Activity: 784

Merit: 544

The first 12.5 NMC block:

https://namecha.in/block/145f72ea59018ca4117015e3c25a2ed24e22e67c948841dd46a200db11d778be

Grin

trantute2

hero member

Activity: 784

Merit: 544

Code:

current block   : 419977
remaining blocks: 23
halving date    : Thu Oct  4 01:30:04 CEST 2018

bartobar33

newbie

Activity: 2

Merit: 0

You need to make a better ANN

shtako

hero member

Activity: 779

Merit: 502

Quote from: trantute2 on October 03, 2018, 12:00:34 PM

Quote from: sefirotius on October 03, 2018, 10:52:42 AM

Why on the exchanges such a different course with what it is connected? https://coinmarketcap.com/ru/currencies/namecoin/#markets

I don't really get it, either.

As far as I know, WEX has some withdrawal problems concerning bitcoins and fiat (use google). And namecoin withdrawal is possible. So everyone, who cannot withdraw bitcoins, buys namecoins instead and withdraws those. Clearly, you do not sell the coins at another exchange for 1/5 of the price. And if you do so, the price at the other exchanges drops further. At the same time, the namecoin price at WEX increases.

If you buy namecoins cheaply at cryptopia and try to sell those at WEX, the question is, which coin you would buy ... so I suspect, that arbitrage is not possible.

It's a shame, that coinmarketcap does not correct for that.

BTW, the namecoin price is really low in the moment (e.g. cryptopia). You get almost 2000 NMC for 1000 €. Imho a bargain, since there are only 21 million coins in total.

Yeah, you get it.

The only way to get $$ or bitcoin out from wex is to buy namecoin and a few other alts and sell them on other exchanges. It might be better to loose 80% then 100%.

trantute2

hero member

Activity: 784

Merit: 544

Quote from: sefirotius on October 03, 2018, 10:52:42 AM

Why on the exchanges such a different course with what it is connected? https://coinmarketcap.com/ru/currencies/namecoin/#markets

I don't really get it, either.

As far as I know, WEX has some withdrawal problems concerning bitcoins and fiat (use google). And namecoin withdrawal is possible. So everyone, who cannot withdraw bitcoins, buys namecoins instead and withdraws those. Clearly, you do not sell the coins at another exchange for 1/5 of the price. And if you do so, the price at the other exchanges drops further. At the same time, the namecoin price at WEX increases.

If you buy namecoins cheaply at cryptopia and try to sell those at WEX, the question is, which coin you would buy ... so I suspect, that arbitrage is not possible.

It's a shame, that coinmarketcap does not correct for that.

BTW, the namecoin price is really low in the moment (e.g. cryptopia). You get almost 2000 NMC for 1000 €. Imho a bargain, since there are only 21 million coins in total.

sefirotius

full member

Activity: 658

Merit: 102

IDENA.IO - Proof-Of-Person Blockchain

Why on the exchanges such a different course with what it is connected? https://coinmarketcap.com/ru/currencies/namecoin/#markets

trantute2

hero member

Activity: 784

Merit: 544

Code:

current block : 419932
remaining blocks: 68
halving date : Thu Oct 4 02:16:16 CEST 2018

trantute2

hero member

Activity: 784

Merit: 544

Code:

current block : 419902
remaining blocks: 98
halving date : Thu Oct 4 00:19:45 CEST 2018

trantute2

hero member

Activity: 784

Merit: 544

Code:

current block : 419844
remaining blocks: 156
halving date : Wed Oct 3 23:37:01 CEST 2018

trantute2

hero member

Activity: 784

Merit: 544

Code:

current block : 419801
remaining blocks: 199
halving date : Wed Oct 3 23:56:25 CEST 2018

Topic: [announce] Namecoin - a distributed naming system based on Bitcoin - page 27. (Read 597092 times)