Topic: [announce] Namecoin - a distributed naming system based on Bitcoin - page 5. (Read 597168 times)

"Namecoin"
"The REAL Bitcoin*"
"For 48 hours 12-13 November 2017"

https://namecoin.creator-spring.com/listing/real-light-j-8882?product=2174&variation=106070

Not going to pay $67 for a jacket, but curious.

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Somebody put up a big buy wall on btc/nmc. I don't have the financial muscle to push it up but somebody should.

Bitcoin began with a few people who had hundreds of thousands of bitcoin each, including SN, who carefully pumped it to the sky.*

https://www.google.com/search?q=how+many+bitcoin+did+people+on+the+original+Bitcoin+pump+crew+have

And who can forget how the U.S. government shut down Bitcoin's two biggest competitors, at strategic times, to give it an edge?

"e-gold was the first widely used Internet money, introduced in 1996, and grew to several million users before the US Government shut it down in 2008."

https://en.wikipedia.org/wiki/Digital_currency

2008, imagine that.

Around a million people from Liberty Reserve alone were shuffled to Bitcoin for the second pump in 2013.

https://en.wikipedia.org/wiki/Liberty_Reserve

Namecoin was not instamined the same way, many more people mined it from the start, so it would be much harder to pump, but it also is a useful coin with an important real world function which Bitcoin is not.

The only complaint I have about Namecoin, aside from flawed cryptography, is that it does not yet have an easy way for any people anywhere to make use of its real world functionality.


Digital currencies pre bitcoin were entirely about financial functionality or games.

Bitcoin popped up with the premise that "We developers are smart. Everybody should pay tribute to us. We will feed you a fake 'liberty' narrative if you throw money to us."

Namecoin, as long as it isn't monopolized, could deliver on some of the lies of Bitcoin.


*Not to pick on Bitcoin since Ethereum was much sleazier, paying off Coinmarketcap to remove the premine asterisk so it wouldn't get filtered out as a scamcoin.*


*Not to pick on Ethereum since Monero was much sleazier, hiring hundreds of spammers and trolls to pump the coin then buying out a website that provided evidence that it was a government project.*

*Not to pick on Monero...never mind.

Four Namecoin developers (including me) attended the Tor 2024 Lisbon meeting, GPN 22, and MoneroKon 4. Summary (including videos from GPN and MoneroKon) is here: https://www.namecoin.org/2024/07/24/tor-2024-gpn-22-monerokon-4-summary.html

On a less serious note, people sometimes ask me where they can get the Namecoin t-shirts that a few of us wear to conferences. They can be found on the Namecoin TeeSpring shop: https://namecoin.creator-spring.com/ . 8 designs are available ("Chains", "Connections", "Daughter", "MMO", "Real", "Revolutionary", "Shadow", and "Sidechain"), in various fits of short-sleeve, long-sleeve, hoodies, sweatshirts, and jackets, for men, women and kids. Profits support Namecoin dev, and it can be a fun way to spread the word. (If you don't understand the in-jokes in some of the designs, feel free to ask in this thread, I don't mind elaborating on them.)

Namecoin price down a fair bit eh?  I took a bit of a slide on that, it seems.

the status is that no one here has bothered to apply for listing in any exchange since ancient times.
Just getting into (any exchange) would be huge, but seems that nowadays any exchange is demanding that the "official" developers apply, (and pay) something they are not doing it.

the status is that this is coin has been the grandmother of the pump and dump and it have leave more people reeling with loses than we can count. most "investors" have been burned because of the "no marketing" policy.

the status is that the actual users of the coin don't care about the price because hey, cheap domains, but this people were mostly Assange and some domainsquatter guy. (so we got 2 users and one is in jail...)

the status is that this could be one of the greatest coins but have fallen behind because it's just following bitcoin, only some hackers (the owner of btc-e and wex) have (had) big stash of the coin and doesn't seem innovative, because they didn't bother to fund any development.

 but time will tell. and one of this days i'm gonna drop a couple btcs and we will 10x but first we gotta get into the big exchanges or at least the no KYC ones like bitget.

because without being able to use a coin to move funds between exchanges there is really no use case for it. even doge can be used for that.!

Anybody can decide for themselves on those various questions.

https://medium.com/@namecoinerc/namecoin-is-back-nmc-c294bd0a530e

~

On a separate issue, suppose I belong to a group which wants to make its own private internet / intranet and economy.

Is there an easy way for us to do that, or do we need to hire a coder to create a clone or fork of Namecoin?

Can it be done for free by people who are not interested in programming?

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".