I think bitcoin offers numerous benefits to governments (as well as banks and other companies).  As a result, I do forsee a day when some governments and established companies actually begin running mining farms for the express purpose of securing the network.

My point is that it is better to be constructive.

His solution "keep it on a local machine" is just as bad advice (at least for most people). What if your  hdd crashes? Do you make backups? After every send? Are they stored safe enough or can other people find it there? Do you encrypt it? What if you lose the key?

And so on. This is a hard problem.

Most solutions that work against loss do not work against theft, and vice verse.

To prevent losing your wallet you want to mirror and distribute it to as many places as possible. However, to keep it from being stolen/hacked you want to put it only in one place and heavily encrypt it.

Someone really believe they "lost" 17000btc? 

GOOD GOD!? Were they really the 3rd largest?

So... now you're gloating that lots of people lost their coins and you still have them? Do you feel proud? Do you feel lucky? Should we be laughing if you fail the next "test"?

It's already bad enough, there is no need for a zillion topics rubbing it in to them. It has already happened, and the people involved are obviously aware that they made a mistake.

There is no need for rude and unfriendly comments like yours. Can we at least pretend to keep the community a nice place?

Storing your wallet in a safe way (both against theft and loss) is not exactly easy nor user friendly at the moment. Even for the tech-savy it's hard. Please contribute to solving this problem instead of kicking dead horses...

We have a lot of bitcoin there..... ( as has already been reported in the press )...    Many -- perhaps most -- non-technical people... and businesses, I know and associate with,....  rely on MyBitcoin.com     

Most of my friends and family and associates.... all have all their bitcoin there too.

I hope it is back up tomorrow.

For now yes, but come block 240000, NC will look just like a second supply of BTC.  It's like digging for gold and magically every ounce of gold will also produce an ounce of ruby/sapphire/whatever. Initially they may stay at their respective prices but soon people are going to realize NC is functionally equivalent to BTC and costs the same to produce. It won't matter if the original intention is to use them to purchase domain names.

can you free ship to China?

Hmm, what processor does it have?  And what clocks did you have the cards at?  Temps?

Bitcoin will drag it along or it will beat out bitcoin because it's required to buying domain names why bitcoin has no other function except as a currency or the perception as money.


BTW Gold and silver is money and nothing else.

Maybe it's just me and my limited imagination but at this point I feel it's very unlikely for namecoin to work out as intended beyond use for a small group of people, namely geeks.

The way I see it, we'll need to convince ISPs to do extra work for no benefits to them (i.e. to their profits) in order for this to work. But if this requires ISP cooperation to work, then namecoin's strength as a resilient distributed DNS vanishes as it is reliant on ISPs cooperation. So any ISP (or the government of that country) can simply block off lookups to a particular domain say wikileaks.bit and render the service useless to the majority of their users who probably never heard of DNS, much less know/bother to get around such blocks.

There is one possible way namecoin could work out (and for that matter bitcoin could get boosted by the same), is the porn industry. After all, people are willing to pay money, install dubious dialers and whatever not to get their porn fix, they will probably be willing to do something that doesn't cost anything to get access to more porn, and pay for content with bitcoins so anybody looking at their CC bills won't be able tell

p.s. side note: dot-bit.org seems to be dead, not a good sign

Which is precisely my point. For somebody like me, it's an easy thing to do (I use my own internal TLD for testing purposes). But until a .bit domain can be resolved out of the box by the average person, I don't see it being useful except as an alternative Bitcoin currency.

So regardless of the original intentions, namecoin will simply become a second supply of bitcoin, especially when merged mining take effect.

There are not that many.
The birth and death of pools IS important in the start. I hope this is not how you treat your children.


Take some time to go back to school, learn some manners, lose the attitude, "and then come talk to me".
If you can't take an opinion that diverges from yours in a polite manner, then it is me who turns my back on you, as i'm way above that sort of behaviour (this is me trying to be as cocky as you. Did i succeed? not sure, i'm not used to it).
Xoo.

You are looking at ONE pool and I am looking at the ENTIRE namecoin network. There are other pools you know...bitparking, pool munity etc.

Take a look at http://explorer.dot-bit.org/ and then come talk to me.

Oh, indeed it does make sense, you have to consider the raw data you have at any given point in time, albeit still very.. hm...  'volatile', due to still being not very far away from its inception.

Still on namebit:

Current Round Duration      35h 35m
Last Round Duration        00h 19m
Avg Time Per Round            03h 25m

As soon as this hog finishes, there goes the average down the drain..