Topic: The second crypto currency is here and is currently trading at 10 for 1 BTC - page 2. (Read 8479 times)
June 15, 2011, 02:21:42 PM
Search for namecoin in the mining board. If you don't get sorted, message me.
June 15, 2011, 09:55:20 AM
Domain name seizures is a major problem,
That's why we need namecoin. This is good. What else can we decentralize?
Is the real money maker on this the renewal fees down the road.....
I looked at the namecoin wiki a few days ago and the guide was a little confusing. I read yesterday you can set this up now just like bitcoin mining? Is there a GUI? What's the process? Thx
June 15, 2011, 06:42:55 AM
multiple crypto urrency = noone
I dont fear more krypto currencies, in fact I welcome them. Of course if more kryptocurrencies come in, bitcoin will not be worth USD$1.000.000.000/BTC, but I will be more than happy if we reach USD$1500/BTC soon.
June 15, 2011, 06:42:03 AM
multiple crypto urrency = noone
especially if people shift from one to another, the power of a currency is in his diffusion...
especially if people shift from one to another, the power of a currency is in his diffusion...
NMC and BTC complement each other. BTC's purpose is to purchase things. NMC's main purpose is in domain registration and keeping domains alive (think of it as a token used to keep a meter running).
People who need to use namecoins (NMC) either mine them or buy them. NMC can only be bought with BTC
One does not infringe on the territory of the other. At least not at the moment.
oh sorry, my bad, didnt read namecoin purpose, just thought was a new currency bitcoin-like.
Easy to make that assumption. There's no reason why it could not be used to purchase things, just like with BTC, but that's not it's fundamental/initial purpose.
Frankly, all I care about, is that it is making me money
infact the main problem is that bitcoin and namecoin actually are used to speculate/make money so there's a volatile market and low diffusion as services..
June 15, 2011, 06:38:38 AM
multiple crypto urrency = noone
especially if people shift from one to another, the power of a currency is in his diffusion...
especially if people shift from one to another, the power of a currency is in his diffusion...
NMC and BTC complement each other. BTC's purpose is to purchase things. NMC's main purpose is in domain registration and keeping domains alive (think of it as a token used to keep a meter running).
People who need to use namecoins (NMC) either mine them or buy them. NMC can only be bought with BTC
One does not infringe on the territory of the other. At least not at the moment.
oh sorry, my bad, didnt read namecoin purpose, just thought was a new currency bitcoin-like.
Easy to make that assumption. There's no reason why it could not be used to purchase things, just like with BTC, but that's not it's fundamental/initial purpose.
Frankly, all I care about, is that it is making me money
June 15, 2011, 06:35:11 AM
Domain name seizures is a major problem, there are fundamentally interested parties, maybe some press reached some of them.
June 15, 2011, 06:30:53 AM
There certainly was quite a price spike today on bitparking, +300% in 12 hours. Who the heck is so interested in buying NMC right now?
June 15, 2011, 06:26:24 AM
multiple crypto urrency = noone
especially if people shift from one to another, the power of a currency is in his diffusion...
especially if people shift from one to another, the power of a currency is in his diffusion...
NMC and BTC complement each other. BTC's purpose is to purchase things. NMC's main purpose is in domain registration and keeping domains alive (think of it as a token used to keep a meter running).
People who need to use namecoins (NMC) either mine them or buy them. NMC can only be bought with BTC
One does not infringe on the territory of the other. At least not at the moment.
oh sorry, my bad, didnt read namecoin purpose, just thought was a new currency bitcoin-like.
June 15, 2011, 06:23:22 AM
One cannot exchange them directly yet for fiat.
I don't see it as an infringement, I see it simply as twice as much currency as was originally planned.
What are the generation rules of NMC vs BTC btw?
Can you shed some light on the subject Chucksta?
I don't see it as an infringement, I see it simply as twice as much currency as was originally planned.
What are the generation rules of NMC vs BTC btw?
Can you shed some light on the subject Chucksta?
June 15, 2011, 06:20:18 AM
multiple crypto urrency = noone
especially if people shift from one to another, the power of a currency is in his diffusion...
especially if people shift from one to another, the power of a currency is in his diffusion...
NMC and BTC complement each other. BTC's purpose is to purchase things. NMC's main purpose is in domain registration and keeping domains alive (think of it as a token used to keep a meter running).
People who need to use namecoins (NMC) either mine them or buy them. NMC can only be bought with BTC
One does not infringe on the territory of the other. At least not at the moment.
June 15, 2011, 06:19:07 AM
The shift is because of Namecoins value beyond being a currency. Doubt there will be a third, or rather I doubt there will be a 10th...
June 15, 2011, 06:13:46 AM
multiple crypto urrency = noone
especially if people shift from one to another, the power of a currency is in his diffusion...
especially if people shift from one to another, the power of a currency is in his diffusion...
June 15, 2011, 06:09:20 AM
Hi guys,
Breaking news (using old media timings
)
Namecoin has come of age it seems, it is currently trading at 10 NMC to 1 BTC.
It is arguably more useful than BTC in that it provides a secure platform for domain name ownership that cannot have domain names reassigned by anyone except the original owner. The dept. of Homeland Security ICE is going to just be in love with it.
Miners are already shifting en-mass to namecoin (I have) and exploiting the 37 fold easier difficulty level and 10 to 1 exchange rate. It's like mining 10BTC/day where you normally only had 2. It was actually better a few days ago.
Soon we will see major pools operating both systems. Once the prices adjust and the difficulty normalizes for both systems we will have 2 crypto currencies trading at approximately the same rate to the USD.
Black Swan squawks here!
Breaking news (using old media timings
)Namecoin has come of age it seems, it is currently trading at 10 NMC to 1 BTC.
It is arguably more useful than BTC in that it provides a secure platform for domain name ownership that cannot have domain names reassigned by anyone except the original owner. The dept. of Homeland Security ICE is going to just be in love with it.
Miners are already shifting en-mass to namecoin (I have) and exploiting the 37 fold easier difficulty level and 10 to 1 exchange rate. It's like mining 10BTC/day where you normally only had 2. It was actually better a few days ago.
Soon we will see major pools operating both systems. Once the prices adjust and the difficulty normalizes for both systems we will have 2 crypto currencies trading at approximately the same rate to the USD.
Black Swan squawks here!
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