I'm planning on spending some time on namecoin again. The price may fluctuate a bit :p
With the actual high hashrate it is secure and could be extendend for p2p exchange purposes.https://github.com/buttercoin/buttercoin
Topic: Namecoin Price Action (Read 2858 times)
https://github.com/buttercoin/buttercoin
Theres a lot of talk recently about P2P exchanges and I was wondering what the problems were with using namecoin as a base to build a P2P exchange?
Sort of like a unified Bitcoin payment ledger, (Fiat currency IOU's for each BTC amount), written in the namecoin blockchain, possibly built around an open source cloud based escrow. The obvious flaw in this here would be the bottleneck of still requiring a physical bank account address to get fiat in and out of the system. Thats where I ran out of ideas??? could bitinstant or similar provide a clearing pool?
Sort of like a unified Bitcoin payment ledger, (Fiat currency IOU's for each BTC amount), written in the namecoin blockchain, possibly built around an open source cloud based escrow. The obvious flaw in this here would be the bottleneck of still requiring a physical bank account address to get fiat in and out of the system. Thats where I ran out of ideas??? could bitinstant or similar provide a clearing pool?
https://bitcointalksearch.org/topic/nmcann-namecoin-stock-control-v01b-123271
Within the NMC chain it would be possible to create a truly decentralized exchange:
https://bitcointalksearch.org/topic/atomic-coin-swapping-112007
You would still need a trusted party to sell and buy back usd/euro/etc. bonds.
The trusted third party issue is largely redundant as there are many services out there already that could offer this service such as bitinstant
I've been following another thread https://bitcointalksearch.org/topic/p2p-exchange-for-bitcoin-172705, that seems to be gaining some momentum on the ideas for a distributed p2p exchange. I believe there is at least scope for this idea to be integrated around the namecoin protocol, as the merged mining already offers some considerable protection to a 51% attack.
The bonus being it would breath some new life into namecoin, something I see as very under utilised for the strengths it has to offer.
If anyone here has the time and experience necessary to lend a hand, I think the crowd sourcing potential for a project like this built around namecoin could be huge !
Theres a lot of talk recently about P2P exchanges and I was wondering what the problems were with using namecoin as a base to build a P2P exchange?
Sort of like a unified Bitcoin payment ledger, (Fiat currency IOU's for each BTC amount), written in the namecoin blockchain, possibly built around an open source cloud based escrow. The obvious flaw in this here would be the bottleneck of still requiring a physical bank account address to get fiat in and out of the system. Thats where I ran out of ideas??? could bitinstant or similar provide a clearing pool?
Sort of like a unified Bitcoin payment ledger, (Fiat currency IOU's for each BTC amount), written in the namecoin blockchain, possibly built around an open source cloud based escrow. The obvious flaw in this here would be the bottleneck of still requiring a physical bank account address to get fiat in and out of the system. Thats where I ran out of ideas??? could bitinstant or similar provide a clearing pool?
https://bitcointalksearch.org/topic/nmcann-namecoin-stock-control-v01b-123271
Within the NMC chain it would be possible to create a truly decentralized exchange:
https://bitcointalksearch.org/topic/atomic-coin-swapping-112007
You would still need a trusted party to sell and buy back usd/euro/etc. bonds.
The problem with Ripple seems to me that there is still only one central clearinghouse at the moment: ripple.com
(although I might be wrong, I'm not an expert on Ripple). A system based on the NMC blockchain could solve that problem in a very elegant way.
(although I might be wrong, I'm not an expert on Ripple). A system based on the NMC blockchain could solve that problem in a very elegant way.
Very interesting... I'm following this closely.
If I got that right, this could become a competitor to Ripple. As there are already two gateways for the Ripple/BTC/fiat world (weexchange and bitstamp), they could also implement a namecoin based IOU system.
The problem with Ripple seems to me that there is still only one central clearinghouse at the moment: ripple.com
(although I might be wrong, I'm not an expert on Ripple). A system based on the NMC blockchain could solve that problem in a very elegant way.
The problem with Ripple seems to me that there is still only one central clearinghouse at the moment: ripple.com
(although I might be wrong, I'm not an expert on Ripple). A system based on the NMC blockchain could solve that problem in a very elegant way.
Theres a lot of talk recently about P2P exchanges and I was wondering what the problems were with using namecoin as a base to build a P2P exchange?
Sort of like a unified Bitcoin payment ledger, (Fiat currency IOU's for each BTC amount), written in the namecoin blockchain, possibly built around an open source cloud based escrow. The obvious flaw in this here would be the bottleneck of still requiring a physical bank account address to get fiat in and out of the system. Thats where I ran out of ideas??? could bitinstant or similar provide a clearing pool?
Sort of like a unified Bitcoin payment ledger, (Fiat currency IOU's for each BTC amount), written in the namecoin blockchain, possibly built around an open source cloud based escrow. The obvious flaw in this here would be the bottleneck of still requiring a physical bank account address to get fiat in and out of the system. Thats where I ran out of ideas??? could bitinstant or similar provide a clearing pool?
I think we need a namecoin fork, some parameters need tweaking
+1 I'm keen for people to actually start using them. Think of all the possible applications...
I invested a while back into namecoin, and I even tried to buy a domain name. but its like chinese to me. it would be nice to get some developers to work on making it a bit more user friendly, once they do I can see namecoin taking off as far as value is concerned.
A new website I've been working on takes care of that and makes the process very simple. You can register a .bit domain in thee simple steps and you can at any time transfer your domain out to any other namecoin address for free.
Have a look: dotbit.me
Regards,
Tagide
I think NMC/BTC prices are undervalued if we count current mining difficulty and limited-supply. By using difficulty ratio with bitcoins NMC/BTC rates should be around 0.1 to 0.05 - now current rate is 0.0047 according to btc-e and downtrend continues as merge miners (BTC miners) automatically sell their free NMC's. What do you think?
I'm planning on spending some time on namecoin again. The price may fluctuate a bit :p
Namecoin spiked in price recently due to speculation that Mt. Gox was going to be implementing it's trading for USD on it's exchange.
It went as high as 0.025 NMC/BTC on vircurex at the peak of that speculation. Almost a 10x increase from the previous week's 0.002 average price.
It went as high as 0.025 NMC/BTC on vircurex at the peak of that speculation. Almost a 10x increase from the previous week's 0.002 average price.
yeah I was invested in terracoin and it just got sketch so I moved my terracoin investment into namecoin and it looks like its on a good steady up and up thank god..
I still haven't been able to register any domain names yet though, maybe some developers will invest in satoshi's namecoin and help make the registration process super user friendly, then I see namecoin being a really awesome coin.
namecoin cult I summon you! let's get namecoin a nice makeover before it gets traded on crypto-trade.com!! I'll even offer some bounties. I'm not rich but I'd be happy to chip into a namecoin development at least a bitcoin, but I have to see namecoin fully functional and user friendly.
so that is my contribution if I see this happen, and anybody else wanting to add to my bounty feel free to do so any amount.
I'm good for it
here is my video and channel
https://www.youtube.com/watch?v=mvU5ukIQiuE
namashkaho matakwayasin
I still haven't been able to register any domain names yet though, maybe some developers will invest in satoshi's namecoin and help make the registration process super user friendly, then I see namecoin being a really awesome coin.
namecoin cult I summon you! let's get namecoin a nice makeover before it gets traded on crypto-trade.com!! I'll even offer some bounties. I'm not rich but I'd be happy to chip into a namecoin development at least a bitcoin, but I have to see namecoin fully functional and user friendly.
so that is my contribution if I see this happen, and anybody else wanting to add to my bounty feel free to do so any amount.
I'm good for it
here is my video and channel
https://www.youtube.com/watch?v=mvU5ukIQiuE
namashkaho matakwayasin
new cryptocurrency exchange is featuring namecoin
crypto-trade.com
I invested a while back into namecoin, and I even tried to buy a domain name. but its like chinese to me. it would be nice to get some developers to work on making it a bit more user friendly, once they do I can see namecoin taking off as far as value is concerned.
and I really want a .bit address but its impossible to figure out! where and who is the namecoin cult I summon you!
crypto-trade.com
I invested a while back into namecoin, and I even tried to buy a domain name. but its like chinese to me. it would be nice to get some developers to work on making it a bit more user friendly, once they do I can see namecoin taking off as far as value is concerned.
and I really want a .bit address but its impossible to figure out! where and who is the namecoin cult I summon you!
Alot of things re: namecoin are hard to figure out... We'll learn it all over time
Was looking forward to trying crypto-trade before they pushed back launch by two weeks :/
new cryptocurrency exchange is featuring namecoin
crypto-trade.com
I invested a while back into namecoin, and I even tried to buy a domain name. but its like chinese to me. it would be nice to get some developers to work on making it a bit more user friendly, once they do I can see namecoin taking off as far as value is concerned.
and I really want a .bit address but its impossible to figure out! where and who is the namecoin cult I summon you!
crypto-trade.com
I invested a while back into namecoin, and I even tried to buy a domain name. but its like chinese to me. it would be nice to get some developers to work on making it a bit more user friendly, once they do I can see namecoin taking off as far as value is concerned.
and I really want a .bit address but its impossible to figure out! where and who is the namecoin cult I summon you!
Nice to see the recent NMC price jump to 0.004 BTC even amidst bitcoin's relentless rise.
But over the past few of days bitcoin price has gone crazy and namecoin couldn't keep up... currently trading all the way back down at 0.0019 :/
It's crazy action! And you don't hear that much talk about. You gotta love namecoin.
But over the past few of days bitcoin price has gone crazy and namecoin couldn't keep up... currently trading all the way back down at 0.0019 :/
It's crazy action! And you don't hear that much talk about. You gotta love namecoin.
Open Transactions recently upgraded its "nyms" system to be just one, and a simplistic one at that, of its identity systems; namecoin is one of the spaces in which it is intended that identities be anchorable.
Basically the original nym approach is simply to hash one's key; the new layers let you do things like go to a website or a bitcoin address or a namecoin namespace etc etc to access info about what keys nyms etc are the current non-revoked items that identity anchored at that source currently espouses or admits to type of thing.
-MarkM-
Basically the original nym approach is simply to hash one's key; the new layers let you do things like go to a website or a bitcoin address or a namecoin namespace etc etc to access info about what keys nyms etc are the current non-revoked items that identity anchored at that source currently espouses or admits to type of thing.
-MarkM-
The dot-bit.org place is a bit out of date as the domain registration idea turned out impractical for the moment. Unfortunately, this is where the name "Namecoin" came from.
Keep an eye on the Bitmessage discussion. If the Bitmessage thing using Bitcoin fails then others may try a similar thing based on the Namecoin blockchain. And there are a few more ideas floating around based on the NMC data storage feature, as
Keep an eye on the Bitmessage discussion. If the Bitmessage thing using Bitcoin fails then others may try a similar thing based on the Namecoin blockchain. And there are a few more ideas floating around based on the NMC data storage feature, as
Quote
Namecoin can be used to register any other data types. They will all follow the same rules (expire time, data size limit, etc).
(from http://dot-bit.org/FAQ )I can see in their forums that they have a new release and that there is a good amount of activity http://dot-bit.org/forum/index.php
What? I can't find a new release and the forum is as dead as ever. I'd like to see namecoin succeed but it looks pretty stagnant to me, sorry.
You're right, the latest release is actually pretty old, my bad. There's some activity there though.
I can see in their forums that they have a new release and that there is a good amount of activity http://dot-bit.org/forum/index.php
What? I can't find a new release and the forum is as dead as ever. I'd like to see namecoin succeed but it looks pretty stagnant to me, sorry.
NMC needs some serious development. I'm sure it will get some attention when Bitcoin goes mainstream.
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