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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Mousepotato on April 11, 2012, 10:23:32 PM


Title: What's going on with Namecoin?
Post by: Mousepotato on April 11, 2012, 10:23:32 PM
NMC has been on a tear lately.  I'm curious to know the reason behind the recent run up  ???

Title: Re: What's going on with Namecoin?
Post by: Kettenmonster on April 11, 2012, 10:51:04 PM
 ... are there any prenamed coins around? Possibly maybe we need more of them!

Title: Re: What's going on with Namecoin?
Post by: Mousepotato on April 16, 2012, 10:47:11 PM
Geez, 0.00900000 now!  It's coming back up!!!

Title: Re: What's going on with Namecoin?
Post by: deepceleron on April 16, 2012, 11:09:52 PM
A few considerations to analyze:

  • + With merged mining, generating namecoins is much more difficult - 40% of Bitcoin (although more people are getting them now). It is probable that many merge-mined namecoins are being discarded by uninterested miners,
  • + You can redeem namecoin for domain names (although they are approaching free now), in addition to it being a currency,
  • + Namecoins used to purchase domain names are destroyed and removed from the money supply forever,
  • - It is doubtful that many have or ever will commonly use namecoin as DNS. It may be more practical as a place to register names for other purposes,
  • the exchange rate is also affected by BTC-USD value fluctuation.

Title: Re: What's going on with Namecoin?
Post by: Cosbycoin on April 17, 2012, 02:09:33 AM
Quote from: deepceleron on April 16, 2012, 11:09:52 PM
A few considerations to analyze:

  • + With merged mining, generating namecoins is much more difficult - 40% of Bitcoin (although more people are getting them now). It is probable that many merge-mined namecoins are being discarded by uninterested miners,
  • + You can redeem namecoin for domain names (although they are approaching free now), in addition to it being a currency,
  • + Namecoins used to purchase domain names are destroyed and removed from the money supply forever,
  • - It is doubtful that many have or ever will commonly use namecoin as DNS. It may be more practical as a place to register names for other purposes,
  • the exchange rate is also affected by BTC-USD value fluctuation.

Well it looks like the dot-bit.org site is down and so is its forum.

Looks like namecoin on a discussion basis has lost much community interest.

Bummers.


Title: Re: What's going on with Namecoin?
Post by: worldinacoin on April 18, 2012, 01:49:16 PM
It is up for me, but the procedure of browing dot bit is too troublesome for me to start using it.

Title: Re: What's going on with Namecoin?
Post by: eleuthria on April 21, 2012, 06:16:05 AM
Quote from: Mousepotato on April 11, 2012, 10:23:32 PM
NMC has been on a tear lately.  I'm curious to know the reason behind the recent run up  ???

Low volume on both sides [buy & sell] makes it easy to create an artificial price surge.  Basic Pump & Dump.  Problem is there aren't many real buyers either, so the attempts to pump up the price tend to just fall flat when anybody decides to cash out.

Title: Re: What's going on with Namecoin?
Post by: drakahn on April 21, 2012, 07:11:42 AM
Quote from: worldinacoin on April 18, 2012, 01:49:16 PM
It is up for me, but the procedure of browing dot bit is too troublesome for me to start using it.
I haven't tried the .reg... but that seems really easy

Title: Re: What's going on with Namecoin?
Post by: Deafboy on April 21, 2012, 07:56:19 AM
Quote from: worldinacoin on April 18, 2012, 01:49:16 PM
It is up for me, but the procedure of browing dot bit is too troublesome for me to start using it.
If you just want to try, all you need to do is use one of DNS servers listed on http://dot-bit.org/HowToBrowseBitDomains#Replace_your_DNS_server_with_a_compatible_one (http://dot-bit.org/HowToBrowseBitDomains#Replace_your_DNS_server_with_a_compatible_one)
But from my experience they have trouble resolving some domains from time to time. If you have issues, just change the settings back to your providers DNS.

Title: Re: What's going on with Namecoin?
Post by: Comepradz on April 21, 2012, 06:29:46 PM
Namecoin is mentioned as possible decentralized DNS for Project Meshnet
https://wiki.projectmeshnet.org/DNS#Namecoin


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