I think it is a marketing problem. I want to know, how do I issue a stock, IPO etc with this thing, before I start using it. How does it work in practice?
Also, I want to know if namecoin limits apply to this. Can there be theoretically limitless amount of stocks issued? I think it doesn't make sense to limit the amounts of stocks/assets in this kind of system. Just put some kind of cost to putting information in the chain.
Edit: personally I do not believe in the namecoin concept, but a public stock/asset/etc ledger would be really useful.
Topic: [NMC][Ann] Namecoin Stock Control v0.1b (Read 7499 times)
interesting topic. Is it possible to pay dividends in other coins, and control only the shares with namecoin?
nopeActually I think the differences between namecoin addresses, bit oin addresses and so on are merely cosmetic really, you take the same key and put a different prefix on it resulting in a different checksum and that gives you a different type of coin's so called "address" based on the key.
Thus you could actually take the same key you used for a namecoin address and create from it a bitcoin address, or litecoin address, or i0coin address, or ixcoin address, or whatever, using the exact same key.
Thus it should technically be possible to pay someone any type of coin simply by taking their namecoin address and building instead the equivalent address for some other blockchain.
[...]
sweet.
I was on the phone and what I actually meant was: This is not readily available as of now. But it seems to be closer than I thought.
Namecoin makes a lot of things easy. It needs more attention.
interesting topic. Is it possible to pay dividends in other coins, and control only the shares with namecoin?
nopeActually I think the differences between namecoin addresses, bitcoin addresses and so on are merely cosmetic really, you take the same key and put a different prefix on it resulting in a different checksum and that gives you a different type of coin's so called "address" based on the key.
Thus you could actually take the same key you used for a namecoin address and create from it a bitcoin address, or litecoin address, or i0coin address, or ixcoin address, or whatever, using the exact same key.
Thus it should technically be possible to pay someone any type of coin simply by taking their namecoin address and building instead the equivalent address for some other blockchain.
It is even helpful that namecoin does not (at least not yet) have so called wallets out there yet that send coins on people's behalf without the person actually controlling the address the coins are sent from, as this means it is currently pretty certain tht an address someone sent namecoins from is an address they have the private key of, thus an address they could accept any kind of coins at on any blockchain simply by importing that\ key into the appropriate blockchain's wallet.
-MarkM-
interesting topic. Is it possible to pay dividends in other coins, and control only the shares with namecoin?
nope 
interesting topic. Is it possible to pay dividends in other coins, and control only the shares with namecoin?
Can you do share holder management, share holder-issuer communications, dividend payments and everything thats needed for a working stock market?
what it is missing is an exchange other than direct / otc. could be done p2p style via swap transactions: https://bitcointalksearch.org/topic/m.1212356
you would put an unfinished part of a tx (with your price as an offer) out there as the value of your name (share) ... somebody countersigns it and broadcasts the finished tx.
Can you do share holder management, share holder-issuer communications, dividend payments and everything thats needed for a working stock market?
>share holder management
what do you mean by this?
>share holder-issuer communications
you can set a value of currently 500 bytes that will be displayed to the stock holders
>dividend payments
yes, in nmc
I'm still waiting for this revolutionary thing called Namecoin to encompass the masses and hit the world by storm. LOL!
I know you are being ironic but: me, too. It needs developers, though. I am just playing with it.Awesome!
This could do for securities exchanges what Bitcoin does for payments.
You want bleeding edge FinTech? Well here it is!
could be much more: voting, wot, p2p facebook.... endless possibilities This could do for securities exchanges what Bitcoin does for payments.
You want bleeding edge FinTech? Well here it is!
I'm still waiting for this revolutionary thing called Namecoin to encompass the masses and hit the world by storm. LOL!
Can you do share holder management, share holder-issuer communications, dividend payments and everything thats needed for a working stock market?
Awesome!
This could do for securities exchanges what Bitcoin does for payments.
You want bleeding edge FinTech? Well here it is!
This could do for securities exchanges what Bitcoin does for payments.
You want bleeding edge FinTech? Well here it is!
Issuing and handling of multiple Namecoin names to be used as stocks, bonds, tickets...
https://github.com/phelixbtc/ncsc
https://github.com/phelixbtc/ncsc
Jump to: