Namecoins are destroyed in the process of domain registration. So, i` am have doubts, that they can serve as money.
And thanks for "its about control" pointing.
Topic: Is Namecoin a possible threat to the Bitcoin blockchain? - page 2. (Read 5356 times)
The Origin of Money and Its Value
If Bitcoin is a good currency, then Namecoin should evolve into a currency too, according to the Austrian School.
If Bitcoin is a good currency, then Namecoin should evolve into a currency too, according to the Austrian School.
What's the diff on the namecoin chain right now?
1264.49395237What for? For fancy "bit" on the end ?
i think you totally missed the point of namecoin.it's not to get a fancy "bit" on the end (btw, .bit is only the first used TLD, nothing stops us from using different/more TLDs),
it's all about control.
like bitcoin gives people control over their money, namecoin gives people control over their domain-names.
no government, or central authority can shut down your domain for whatever reason.
What's the diff on the namecoin chain right now?
Not for anybody but the early adopters and their current bitcoin wallet value I suppose.
bitcoin wallet value?why does it help, or hurt you in namecoin, if you have a big, or small bitcoin wallet?
the fact that domain-names get cheaper and cheaper over time dont actually hurt late namecoin adopters,
the later you grab a name, the less NC you have to pay for registration (but maybe your favourite name is already taken by then).
i don't really see any reason, why namecoin should become a thread to the bitcoin blockchain.
currently, namecoins are more profitable to mine than bitcoins (according to the exchange-rates one can see on the forums),
its >300times harder to generate 1BTC, yet you only get <100NC for 1BTC,
CPU, or low-end GPU users should mine some namecoins, sell NC4BTC and make >100% average, instead of joining a bitcoin-pool and make way below 100%, although i've no idea about the current demand for namecoins, probably quite low, which makes it not worth it for big GPU clusters.
it's surely needs more adoption.
Not really, no, since the altnet or alternet or outernet or whatever projects never limited themselves to a single top level domain, on the contrary the product they offered was any top level domain of your own that you want except those already assigned by the Assigned Names Authority or whoever it is that decides when all of a sudden .doctor or .professional or .sex or .porn subdomains will be put up for sale by a "registrar". In the alternet systems you basically chose what new top level domain you wanted to be registrar of.
-MarkM- ([email protected] on some such net someday maybe?
)
(I didn't like those projects as they refused to honour the .fnord domain I'd already set up my own root-servers for...)
-MarkM- ([email protected] on some such net someday maybe?
)(I didn't like those projects as they refused to honour the .fnord domain I'd already set up my own root-servers for...)
So what we have ? Another altDNS project ?
.bit might not be as popular an alternative TLD as .sex and some of the others supported by altDNS projects the adult site industry convinced large numbers of adult site surfers to adopt but maybe its popularity could be increased by buying .but at the varous other altDNS systems so it could be reachable using their nameservers too?
(Do they even still have lots of users after all these years? I don't know...)
-MarkM-
P.S. is bitcoin a possible threat to the namecoin blockchain?
(Do they even still have lots of users after all these years? I don't know...)
-MarkM-
P.S. is bitcoin a possible threat to the namecoin blockchain?
Well, its not, cose in current state namecoin project is not interesting.
After some headache with DNS user opens *.bit - and what it see ? That adress points at some IP where server hosted. Not on some fake ip generated from namecoin addres, but exactly the same addres as in case of normal DNS resolving. What for? For fancy "bit" on the end ?
From other point:
After huge headache, web service owner establish *.bit. Now it should to convience user to use some special DNS settings. (how ?) What he gets ? Fancy "bit" on end of his address.
Thats maybe only my opinion, that i am made from reading info on that project.
I am will be glad to hear where mistake is in it
After some headache with DNS user opens *.bit - and what it see ? That adress points at some IP where server hosted. Not on some fake ip generated from namecoin addres, but exactly the same addres as in case of normal DNS resolving. What for? For fancy "bit" on the end ?
From other point:
After huge headache, web service owner establish *.bit. Now it should to convience user to use some special DNS settings. (how ?) What he gets ? Fancy "bit" on end of his address.
Thats maybe only my opinion, that i am made from reading info on that project.
I am will be glad to hear where mistake is in it
Not for anybody but the early adopters and their current bitcoin wallet value I suppose.
bitcoin wallet value?why does it help, or hurt you in namecoin, if you have a big, or small bitcoin wallet?
the fact that domain-names get cheaper and cheaper over time dont actually hurt late namecoin adopters,
the later you grab a name, the less NC you have to pay for registration (but maybe your favourite name is already taken by then).
i don't really see any reason, why namecoin should become a thread to the bitcoin blockchain.
currently, namecoins are more profitable to mine than bitcoins (according to the exchange-rates one can see on the forums),
its >300times harder to generate 1BTC, yet you only get <100NC for 1BTC,
CPU, or low-end GPU users should mine some namecoins, sell NC4BTC and make >100% average, instead of joining a bitcoin-pool and make way below 100%, although i've no idea about the current demand for namecoins, probably quite low, which makes it not worth it for big GPU clusters.
it's surely needs more adoption.
I know namecoins are only "meant" for registering domain names... but what if people start to use them like bitcoins? Or is that impossible since there is an unlimited supply of namecoins? iirc
It's very much possible, but at the same time it's not a bad thing.
Not for anybody but the early adopters and their current bitcoin wallet value I suppose.
I know namecoins are only "meant" for registering domain names... but what if people start to use them like bitcoins? Or is that impossible since there is an unlimited supply of namecoins? iirc
It's very much possible, but at the same time it's not a bad thing.
I know namecoins are only "meant" for registering domain names... but what if people start to use them like bitcoins? Or is that impossible since there is an unlimited supply of namecoins? iirc
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