Is anyone planning a push for Namecoin acceptance? - page 2.

MaGNeT

legendary

Activity: 1526

Merit: 1002

Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na

Quote from: kano on October 08, 2011, 04:54:31 PM

Well technically, namecoin should have no value at all anyway.
It costs nothing to mine it if you do merged mining - i.e. it is free.

The negative side is (what I've said many times) it puts extra data in the bitcoin block-chain that has nothing to do with bitcoin
(and the web site is wrong about that on the main Merged mining page saying that it doesn't do that http://dot-bit.org/Merged_Mining
I've asked more than a week ago for someone to fix that - but I guess they don't like people knowing it)

I'm mining Namecoins, so, technically, Bitcoin should have no value at all anyway.

Bitcoins cost nothing to mine it if you do merged mining - i.e. it is free.
I see Bitcoins as a bonus for mining Namecoins.

Andrew Bitcoiner

sr. member

Activity: 396

Merit: 250

Send correspondance to GPG key A372E7C6

You can play blackjack with your namecoins at

http://namejack21.com/nmc

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: ?? on ??

Quote from: ElectricMucus on October 08, 2011, 05:26:44 PM

You're right as long as I can fit the blockchain on a single harddrive I don't give a shit Tongue

And I don't think it will ever grow beyond that even if the blockchain is 10TB in 10 years if I can buy a 200TB harddrive for the same amount I'm fine.

Well your net connection is not going to improve by that order of magnitude in speed so it is going to be one hell of a long download.

Well, 10 Years ago the fastest connection I could get for cheap (consumer rates) was a 512kbit cable modem link, now it's 10mbit plastic fiber link. I can't see why I wouldn't be able to get 200mbit glass fiber then. (I do pay less for net access now than back then so, yeah it probably won't improve as much as I would probably choose to pay even less than now)

oh noes.. its actually 100mbit now, screw it Cheesy

ripper234

legendary

Activity: 1358

Merit: 1003

Ron Gross

Quote from: ?? on ??

Quote from: ElectricMucus on October 08, 2011, 05:26:44 PM

You're right as long as I can fit the blockchain on a single harddrive I don't give a shit Tongue

And I don't think it will ever grow beyond that even if the blockchain is 10TB in 10 years if I can buy a 200TB harddrive for the same amount I'm fine.

Well your net connection is not going to improve by that order of magnitude in speed so it is going to be one hell of a long download.

http://bitcoin.stackexchange.com/questions/1432/when-will-the-official-client-support-partial-blockchain-downloads

kano

legendary

Activity: 4592

Merit: 1851

Linux since 1997 RedHat 4

Quote from: ripper234 on October 08, 2011, 05:07:47 PM

Quote from: kano on October 08, 2011, 04:54:31 PM

Well technically, namecoin should have no value at all anyway.
It costs nothing to mine it if you do merged mining - i.e. it is free.

The negative side is (what I've said many times) it puts extra data in the bitcoin block-chain that has nothing to do with bitcoin
(and the web site is wrong about that on the main Merged mining page saying that it doesn't do that http://dot-bit.org/Merged_Mining
I've asked more than a week ago for someone to fix that - but I guess they don't like people knowing it)

Wrong.

If I don't mine, the only way I can get Namecoin is by buying it. Thus, it has value.
It does't "cost nothing nothing to mine". You can say that it costs electricy to mine BTC + NMC. The fact that NMC now can be merged-mined simply means that a rational miner will switch from mining BTC to BTC+NMC, not that NMC has no value.

Why do you think it's wrong to put extra data in the blockchain? If a miner solves a BTC block, he can put pictures of Cthulu there for all I care. He solved the block, he's entitled to manipulate it as he will (within what's allowed by the protocol).

LOL so you waste money on something you can get for free?
OK I'm wrong - wrong to not do something stupid? Cheesy

The current BTC block-chain, index, address file and sundry db files is already 975Mb
The size of a single block is steadily growing with the number of transactions on average increasing over time.
Add extra data to the block-chain represents extra storage space on every HDD that is running bitcoin.
Meh trying to educate the ignorant Sad

I don't think Cthulu would fit in there unless you got a smaller pic of her:

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

You're right as long as I can fit the blockchain on a single harddrive I don't give a shit Tongue

And I don't think it will ever grow beyond that even if the blockchain is 10TB in 10 years if I can buy a 200TB harddrive for the same amount I'm fine.

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: ?? on ??

Quote from: ripper234 on October 08, 2011, 05:07:47 PM

Why do you think it's wrong to put extra data in the blockchain? If a miner solves a BTC block, he can put pictures of Cthulu there for all I care. He solved the block, he's entitled to manipulate it as he will (within what's allowed by the protocol).

If everyone keeps putting junk in the blockchain it will go form GB to TB to download and use soon.

The next block is being payed for the data so what's your point?

ripper234

legendary

Activity: 1358

Merit: 1003

Ron Gross

Quote from: kano on October 08, 2011, 04:54:31 PM

Well technically, namecoin should have no value at all anyway.
It costs nothing to mine it if you do merged mining - i.e. it is free.

The negative side is (what I've said many times) it puts extra data in the bitcoin block-chain that has nothing to do with bitcoin
(and the web site is wrong about that on the main Merged mining page saying that it doesn't do that http://dot-bit.org/Merged_Mining
I've asked more than a week ago for someone to fix that - but I guess they don't like people knowing it)

Wrong.

If I don't mine, the only way I can get Namecoin is by buying it. Thus, it has value.
It does't "cost nothing nothing to mine". You can say that it costs electricy to mine BTC + NMC. The fact that NMC now can be merged-mined simply means that a rational miner will switch from mining BTC to BTC+NMC, not that NMC has no value.

Why do you think it's wrong to put extra data in the blockchain? If a miner solves a BTC block, he can put pictures of Cthulu there for all I care. He solved the block, he's entitled to manipulate it as he will (within what's allowed by the protocol).

kano

legendary

Activity: 4592

Merit: 1851

Linux since 1997 RedHat 4

Well technically, namecoin should have no value at all anyway.
It costs nothing to mine it if you do merged mining - i.e. it is free.

The negative side is (what I've said many times) it puts extra data in the bitcoin block-chain that has nothing to do with bitcoin
(and the web site is wrong about that on the main Merged mining page saying that it doesn't do that http://dot-bit.org/Merged_Mining
I've asked more than a week ago for someone to fix that - but I guess they don't like people knowing it)

ripper234

legendary

Activity: 1358

Merit: 1003

Ron Gross

Quote from: bulanula on October 08, 2011, 02:35:43 PM

Namecoin pretty much died after it was more profitable to mine BTC. It was attacked by Satoshi complex personalities ( ArtForz, lolcust, BitcoinExpress, SAC, Tycho, MarkKarpeles etc. ) because it posed a threat to Bitcoin just like Fairbrix was attacked because it posed a threat to Tenecrapix.

I see no reason why merged mining will not become dominant. It is more profitable to mine both Namecoin & Bitcoin together, so most pools and miners should switch to that, making the network as secure as Bitcoin.

bulanula

hero member

Activity: 518

Merit: 500

Namecoin pretty much died after it was more profitable to mine BTC. It was attacked by Satoshi complex personalities ( ArtForz, lolcust, BitcoinExpress, SAC, Tycho, MarkKarpeles etc. ) because it posed a threat to Bitcoin just like Fairbrix was attacked because it posed a threat to Tenecrapix.

ripper234

legendary

Activity: 1358

Merit: 1003

Ron Gross

Simple things, you know, like a GUI, Faucet, a few more exchanges that support it, bounties?
Or are those not important enough right now to the people working on Namecoin?

Topic: Is anyone planning a push for Namecoin acceptance? - page 2. (Read 3410 times)