Bitcoin Forum

How much is a namecoin worth?

Last Price:   0.00184143   High:   0.00199200   Low:   0.00184112   Volume:   1864.00049713   Time:   09/04/12 04:29:17
here
https://exchange.bitparking.com

About 1/20th of what a namecoin was worth 6 months ago  ;)

Geez man.  Freaking tanked.  Rate of namecoin domain names went with it.  Geez.   Would be nice if be able to get a few dollars for each coin.  Im gathering a decent stash. 
Someone needs to come a long and buy a sh/tload of the market up.

chart (price & number of names): http://blockchained.com/namecoin





how can you tell?

you got your wish.

Tripling of NMC value out of nowhere!  Wow.

My thoughts exactly. What a strange market.

With really no development or support. It's pure pump and dump.

Someone bought like 100k namecoins. Yup they will have lots to register domains like 3h3jkseis349.com and qw34939erfs.net

 :D

Probably just someone excited about this:  http://dot-bit.org/forum/viewtopic.php?p=3051#p3051

Was it this guy?

He is the only one on both threads. Namecoin pump and dumpers. :D

it was not me. I had not even noticed until I read your post. ::)    had no orders sitting around either.

Maybe someone had a good idea or is about to release something Namecoin related. Unfortunately still not me - yet  ;D.

Buy it all man...have at it. I'm sure people will sell you things for those precious NMCs.  :D

worth about as much as a Zimbabwe dollar

NO. 100 trillion Zimbabwe dollars!   :D

Namecoin is one of the most heavily hashed altcoins, thus possibly less easy to attack than some of the other choices.

In order for bitcoin to function usefully as a store of value for use as collateral against which to borrow buying power, it needs to be used in conjunction with something that can serve as a medium of transmission of borrowed buying-power. Altcoins seem pretty good candidates for performing that medium-of-transmission function...

If it is necessary for someone borrowing to buy a car to be sent millions upon millions of namecoins, enough to clear the order book, plus millions upon millions of the next best altcoin, enough to clear its order book too maybe and so on, just to keep their bitcoins safe and sound as collateral still growing in value, then I suspect the altcoins used for that might not be as cheap when the folk who bought them put them back on the market so that someone else can be transmitted the buying power to buy a car, or the first car buyer wants to buy a house...

-MarkM-

Your general premise may be correct but IT being Namecoin is not true.

Namecoin has several HUGE problems:

1. It's leeching off of Bitcoin and is produced with basically zero cost.

2. Domain name squatters total like 5 guys that have taken all the good domain names.

3. There is no real interest in it. For christ's sake it still doesn't even have  GUI interface.

4. ????

The new Windows build that someone suggested might be why it tripled in price isn't GUI?

Wow I thought you could hardly even claim something is for Windows at all if it isn't GUI.

I wonder what if anything is new about it then, surely they already had a namecoind since whoever was a whatever.

But okay, fine, maybe DeVCoin will have to do then. :)

-MarkM-

Namecoin has been around for like 16 months and it is still IMO......shit.

Not as bad as SC but pretty close.

http://www.reddit.com/r/namecoingui/comments/l817u/namecoingui
http://dot-bit.org/Tasks-NamecoinGUI#Current_status_2 - edit

The lack of developers is what ails Namecoin the most. I own quite a few NMC but I won't even consider selling them as long as there is a 0 in front of the decimal point. Namecoin has incredible potential, all it takes is somebody with the right skills to notice it and to make it happen. If it goes down I'll go down with it, no problem.

it does not hurt Bitcoin so what is the HUGE problem here? Actually this is a very good thing.

developers tried hard to prevent this but most people were just not interested enough
please note namecoin is not only about domains: http://namecoin.info

sure it does

rant rant rant  ::)


this

I never said it hurt bitcoin. Stop with the putting words in my mouth please. The fact that it is created for free makes it worth basically zero because it is a biproduct. Just look at the long term trend of the price. All it has done has fallen, except for occasional pump and dumps (like right now). Any price over 0 is overpriced IMO.


No they didn't. The problem was that there really wasn't a "fair" start to namecoin. There were a few super early adopters that mined the fuck out of namecoin in the first two months and squatted all the meaningful domain names.


Where is the interest? (crickets)....GUI? Oh you mean that third part non-open sourced version of the "namecoin GUI"? If you download the official client it is still command based.



Well while you are waiting for "NEO" to come and save you all...buy NMC on the cheap. lol

why did the namecoin drop in price it is also very difficult to mine like BTC

Namecoin was the first (and so far only?) chain to be merge mined with Bitcoin. When that started lots of people with no interest in it suddenly could get NMC with little effort as a byproduct of Bitcoin mining.

Also this means that Namecoin has the highest difficulty of all coins besides Bitcoin (44% currently).

Unfortunately interest in Namecoin is currently lagging and so does the price - until the recent spike I have no explanation for. Some people (like me) think Namecoin has a lot of potential and it's days will come once somebody comes to release it e.g. Neo ;)

The first one, yes. The only one, no. For example, Bitparking is currently merge mining bitcoin, namecoin, devcoin, ixcoin, and i0coin:

http://mmpool.bitparking.com/pool

ix and i0 coin are still around! cool :)

Namecoin Namecoin NMC  
Last price $ 2.0856473
-1.96 %
24 high $ 2.155740424 low $ 2.084697924 volume $ 28,941# Coins 8.17MMarket cap

If you want to know the price of namecoin just search it in the market