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Topic: Best <insert name>coins to speculate on (Read 3307 times)

legendary
Activity: 1022
Merit: 1000
July 29, 2012, 02:44:40 PM
#42

there are a couple of niches for namecoin and I think sooner or later it (or something very similar) will take off from one.

What niches are you thinking of? Is there really no way existing solutions could fill those niches?

I assume you are aware of the possible use cases we are pondering... http://bitcoinx.com/namecoin/n/

namecoin offers a bunch of solutions, I have a feeling there must be an application for it.



I dont know, non of the above listed use cases seem unique or more suited for namecoin solutions over existing approaches, except for the DNS: domain_name => domain_zone_configuration maybe.  Another interesting use case not listed here is hedging against the price of USD/BTC --> https://bitcointalksearch.org/topic/m.1061383
legendary
Activity: 1708
Merit: 1020

there are a couple of niches for namecoin and I think sooner or later it (or something very similar) will take off from one.

What niches are you thinking of? Is there really no way existing solutions could fill those niches?

I assume you are aware of the possible use cases we are pondering... http://bitcoinx.com/namecoin/n/

namecoin offers a bunch of solutions, I have a feeling there must be an application for it.

full member
Activity: 182
Merit: 100
bitcoin is a clever idea but it appears to be solving a problem that does not exist now and probably will never exist.

big difference.

And how is bitcoin better in those use cases then existing solutions?

you guys sound so 2010  Grin


there are a couple of niches for namecoin and I think sooner or later it (or something very similar) will take off from one.
I'd like to know too.  I don't follow namecoin, but haven't seen any reason to either.  I'm here in the forum more often then is mentally healthy and haven't seen any reason yet.  Anything can happen with these alt currencies, so who knows.
legendary
Activity: 1022
Merit: 1000
Wow, so many topics to discuss today   Grin:

What do you guys think will Zhoutong's entanglement and new incriminating evidence in the lastest bitcoinica hack mean for namecoin (because of nameteriffic.com, the next BIG project in the namecoinverse)?
legendary
Activity: 1022
Merit: 1000
Now lets carry on, shall we?

Maybe the most pressing question at this time:

Is buying LTC right now a wise move or financial suicide?

Well there are 4 possibilities:

1. The attack goes through and the investment was wasted
2. The attack fails independently of other actions and it is a tremendous bargain
3. Significant LTC are bought during the 5 day period driving up price and Hashrate making the attack fail being a epic bargain.
4. The attack was a hoax and it is a slight bargain

What do you think are the chances for the attack to be successful vs. it fails?

What are indicators in advance to see whether option A or B will become reality?
legendary
Activity: 1022
Merit: 1000

there are a couple of niches for namecoin and I think sooner or later it (or something very similar) will take off from one.

What niches are you thinking of? Is there really no way existing solutions could fill those niches?
legendary
Activity: 1708
Merit: 1020
bitcoin is a clever idea but it appears to be solving a problem that does not exist now and probably will never exist.

big difference.

And how is bitcoin better in those use cases then existing solutions?

you guys sound so 2010  Grin


there are a couple of niches for namecoin and I think sooner or later it (or something very similar) will take off from one.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
Now lets carry on, shall we?

Maybe the most pressing question at this time:

Is buying LTC right now a wise move or financial suicide?

Well there are 4 possibilities:

1. The attack goes through and the investment was wasted
2. The attack fails independently of other actions and it is a tremendous bargain
3. Significant LTC are bought during the 5 day period driving up price and Hashrate making the attack fail being a epic bargain.
4. The attack was a hoax and it is a slight bargain
legendary
Activity: 1022
Merit: 1000
Now lets carry on, shall we?

Maybe the most pressing question at this time:

Is buying LTC right now a wise move or financial suicide?
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
Where did you even hear about bitcoin in the first place?  MySpace, 4chan, digg, redd.it?

I think it was 1 year ago on aljazeera.com where I read about the incredible stupid rally of June 2011.

People were stupid buying bitcoins back then when it hit the 20's and then 31.
legendary
Activity: 1022
Merit: 1000
>>GAY<<-BBQCOIN  Lips sealed Lips sealed

+1

STOP IT! NO BBQ SPOOK IN MY THREAD!!!

BUY ★☆★SPEKULATIUS COINS☆★☆ FOR THE LOVE OF ASS SLAPS AND NUT KICKS, GODDAMIT!!
member
Activity: 98
Merit: 10
- Early adopter coins (EA Coins)
No one will really complain even if it's not successful because everyone in this forum already mined 1,000,000 of them in day 1 when difficulty is 0.
hero member
Activity: 686
Merit: 500
full member
Activity: 182
Merit: 100
Where did you even hear about bitcoin in the first place?  MySpace, 4chan, digg, redd.it?

I think it was 1 year ago on aljazeera.com where I read about the incredible rally of June 2011.
Imagine that, right? You didn't hear about it from the inner circle of cryptography enthusiasts?  I could give a shit about prime numbers and the greatest algorithm.....whatever.  Will it make money? How hard is it to use?  How much investment/time will it take.  What are the risks.  

With Bitcoin you buy a coin, it looks like it is going up in value.  It is a stock.  Has short term and long term market appeal. Makes sense.

Namecoin is a technology with it's success depending on all sorts of development factors.  It is GREAT for what it is, but it is going to have to answer those questions above before it is commonplace and usable. As a stock it is doing terrible, and doesn't make sense.

I don't have all the answers, and this is a SPECULATION thread, but that is my 2 cents on the topic.   Cheesy
legendary
Activity: 1022
Merit: 1000
Where did you even hear about bitcoin in the first place?  MySpace, 4chan, digg, redd.it?

I think it was 1 year ago on aljazeera.com where I read about the incredible rally of June 2011.
full member
Activity: 182
Merit: 100

What do you guys think will provide the most promising speculation opportunities in this arena?
What has the best potential and when will we see the first major movements?


I'd say namecoin of course because it has the most potential and is really different from bitcoin with additional features.

It does. But tatsuchan mentioned before, that it faces some serious problems:

Quote
Namecoin is one of those ideas that are great, but fail.  I REALLY want to see a different domain structure, but the internet is commercialized now.  I'm skeptical that this will work for most commercial sites.  Most people don't want a wikileaks.  They want a buy-my-shit-cheap.com website.  It has to attract visitors, has to answer to local laws, has to keep track of sales and user info in order to sell you more cheap shit, and most importantly, it is often set up my some cookie cutter program for some middle-aged guy trying to make a dollar on that newfangled internet thing.  How are they going to know what namecoin and .bit is when most of us barely understand it?  The only reason anyone cares about namecoin at this point is because at it's heart it is a good idea, but really, you get it free while bitcoin mining.

I really dont understand yet the scope of namecoins feautures and mechanics that seperate it from bitcoin. May someone with a better understanding please give a bit of an explanation?

@ tatsuchan: Could you please explain a little bit more, why namecoin may fail in the longrun and how big those problems you see may be(come)? Why is namecoin in your oppinion inferior to the established domain system and cannot its "impossible-to-close-down" nature make up for any monetary expenses?

Quote
with the next namecoin based project the price might jump.

What could such projects be? Any in the pipeline? nameterrific.com?

I'm not a developer, I'm a graphic artist.  I understand some technologies are more open/free/possibly better.  I also recognize that the web is a popularity contest.  It takes a long time, lots of trust, TONS of luck, and deep investing pockets to shove crap down people's throats.  There is a law of seven in the marketing world.  People usually don't care about your product/business until they see it in seven different places.  Then it is "trusted" and of interest.

Maybe namecoin might get to this point.  Realistically, smart phones and mothersites (Facebook/youtube) will hold all the cards for future web development.  Where did you even hear about bitcoin in the first place?  MySpace, 4chan, digg, redd.it?
sr. member
Activity: 250
Merit: 250
yes but bitcoin solves problems in the money system that MUST be addressed sooner or late.

namecoin is a clever idea but it appears to be solving a problem that does not exist now and probably will never exist.

big difference.
legendary
Activity: 1708
Merit: 1020
And how is namecoin better in those use cases then existing solutions?
it is decentralized and free from censorship.

how is bitcoin better?
legendary
Activity: 1022
Merit: 1000
And how is namecoin better in those use cases then existing solutions?
legendary
Activity: 1708
Merit: 1020

What do you guys think will provide the most promising speculation opportunities in this arena?
What has the best potential and when will we see the first major movements?


I'd say namecoin of course because it has the most potential and is really different from bitcoin with additional features.

It does. But tatsuchan mentioned before, that it faces some serious problems:

Quote
Namecoin is one of those ideas that are great, but fail.  I REALLY want to see a different domain structure, but the internet is commercialized now.  I'm skeptical that this will work for most commercial sites.  Most people don't want a wikileaks.  They want a buy-my-shit-cheap.com website.  It has to attract visitors, has to answer to local laws, has to keep track of sales and user info in order to sell you more cheap shit, and most importantly, it is often set up my some cookie cutter program for some middle-aged guy trying to make a dollar on that newfangled internet thing.  How are they going to know what namecoin and .bit is when most of us barely understand it?  The only reason anyone cares about namecoin at this point is because at it's heart it is a good idea, but really, you get it free while bitcoin mining.

I really dont understand yet the scope of namecoins feautures and mechanics that seperate it from bitcoin. May someone with a better understanding please give a bit of an explanation?

@ tatsuchan: Could you please explain a little bit more, why namecoin may fail in the longrun and how big those problems you see may be(come)? Why is namecoin in your oppinion inferior to the established domain system and cannot its "impossible-to-close-down" nature make up for any monetary expenses?

Quote
with the next namecoin based project the price might jump.

What could such projects be? Any in the pipeline? nameterrific.com?


I would love to start one had I the time.

check out potential use cases, for example here: http://bitcoinx.com/namecoin/n 
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