How to clone Bitcoin to create your own crypto currency / crypto shares system

[phelix]

If you like I can issue a thousand namecoin shares for you.

Sounds nice. Could you please explain some things to me?

-Is it possible to tell one namecoin from another, i. e. can I give the namecoins a specific name which separates them from other namecoins?
-Are namecoins dividable?

Actually it is not namecoins I am talking about but "names". Namecoin is not only about coins but also about a key (=name)  /  value  storing system.

You can register names that look like namecoinstock/sron_021   or namecoinstock/sron_354
The owner can set the values attached to these names to whatever he likes.
Names can be transferred to a namecoin address.

They are not dividable and I would not recommend to register more than a thousand to prevent polluting the system.

[sron]

If you like I can issue a thousand namecoin shares for you.

Sounds nice. Could you please explain some things to me?

-Is it possible to tell one namecoin from another, i. e. can I give the namecoins a specific name which separates them from other namecoins?
-Are namecoins dividable?

Actually it is not namecoins I am talking about but "names". Namecoin is not only about coins but also about a key (=name)  /  value  storing system.

You can register names that look like namecoinstock/sron_021   or namecoinstock/sron_354
The owner can set the values attached to these names to whatever he likes.
Names can be transferred to a namecoin address.

They are not dividable and I would not recommend to register more than a thousand to prevent polluting the system.

Nice.

Is it one name per namecoin or can you have many names for the same namecoin?
Can you have many values for the same name?

[phelix]

If you like I can issue a thousand namecoin shares for you.

Sounds nice. Could you please explain some things to me?

-Is it possible to tell one namecoin from another, i. e. can I give the namecoins a specific name which separates them from other namecoins?
-Are namecoins dividable?

Actually it is not namecoins I am talking about but "names". Namecoin is not only about coins but also about a key (=name)  /  value  storing system.

You can register names that look like namecoinstock/sron_021   or namecoinstock/sron_354
The owner can set the values attached to these names to whatever he likes.
Names can be transferred to a namecoin address.

They are not dividable and I would not recommend to register more than a thousand to prevent polluting the system.

Nice.

Is it one name per namecoin or can you have many names for the same namecoin?
Can you have many values for the same name?

Names are not linked to coins in obvious ways. To register a name costs something like 0.05nmc. it needs to be updated every 3/4 of a year or so - otherwise it will expire.

with each name you can store 512byte (maybe more in the future).

Please note namecoin does not have a lot of active developers.

When I find the time (hopefully tomorrow or next weekend) will release a script to make issuing and handling stocks with namecoin easier.

[sron]

Still need a solution to this.

The world is waiting for a high quality bitshares solution.

The one who cracks this nut will win eternal glory.

[markm]

If we ignore the suggestion of only issuing a thousand shares, I think we maybe already have a quality solution in the form of the namecoin blockchain and protocol.

It can already do what is needed, from the command line, manually.

Those who prefer a fancier user-interface are of course encouraged to make such interfaces, as fancy as they wish.

The important part, that is, the actual ability to register things and to send coins to addresses that own those things, is already done and has been for what, well over a year? Nearly two years? Maybe even more than two years?

-MarkM-

[sron]

I think namecoins could be a temporary solution but it's not the ultimate solution.

Maybe we should give it a try.

-MarkM-, phelix, do you guys have public PGP keys?

[markm]

I do, I am gribble/freenode nick "knotwork" on gribble's WOT.

I also have Torchat, PM me your Torchat ID if you want to hook up in that.

I also am on RetroShare, which (unlike Torchat I think) uses GPG/PGP keys like gribble does.

-MarkM-

[sron]

Couldn't find your PGP key, -MarkM-, could you post it here?

Anyways, I will try to keep the conversation as public as possible, makes it easier for everyone who wants to get involved to stay updated.

If you and Phelix could perhaps take care of issuing shares, I could try to focus on starting up new projects and getting people involved (investors and developers).

[phelix]

Couldn't find your PGP key, -MarkM-, could you post it here?

Anyways, I will try to keep the conversation as public as possible, makes it easier for everyone who wants to get involved to stay updated.

If you and Phelix could perhaps take care of issuing shares, I could try to focus on starting up new projects and getting people involved (investors and developers).

Issuing shares is ready. So just let me know what name you like and I will register a thousand shares. Handling of shares is still in my head only, though. 

[phelix]

needs testing but basic functions are there: Namecoin Stock Control v0.1beta

https://github.com/phelixbtc/ncsc


I issued a hundred test stocks. Let me know if you would like a couple.

[sron]

Nice. I guess I need the namecoin client now. I will try to come up with a suitable name for the shares : )

[sron]

Do you have a link to a windows 7 64-bit version?

[sron]

Phelix,

How can I receive the shares?

[phelix]

Do you have a link to a windows 7 64-bit version?

just use the normal 32bit version from here: https://dot-bit.org/Main_Page

Phelix,
How can I receive the shares?

you need to start a namecoind instance to create a wallet. then you can issue yourself or I can send them to you. If you never used bitcoind I am not sure this is the right thing for you, though...  let's just say I warned you

[sron]

Do you have a link to a windows 7 64-bit version?

just use the normal 32bit version from here: https://dot-bit.org/Main_Page

Phelix,
How can I receive the shares?

you need to start a namecoind instance to create a wallet. then you can issue yourself or I can send them to you. If you never used bitcoind I am not sure this is the right thing for you, though...  let's just say I warned you

I tried starting namecoind but I got a couple of error messages.

Now it just starts the command window, some text blinks by and then closes again.

[sron]

Phelix,

Can the namecoin client run behind Tor?

The error message is something like: Warning, to use namecoind...

[phelix]

Phelix,

Can the namecoin client run behind Tor?

The error message is something like: Warning, to use namecoind...

never tried running it through tor.

did you try to run it from a cmd window? from the console you will be able to actually read the error message...

[sron]

Ok, I tried running it from a command window.

I could read the error message and I created the configuration file.

Tried starting it again from a command window.

This time it does nothing, i. e. no visual output, just a blinking cursor on the next line in the command window.

[killerstorm]

This time it does nothing, i. e. no visual output, just a blinking cursor on the next line in the command window.

It means that server works

Now open another console window and try communicating with this server, e.g. namecoind getnewaddress

[sron]

Any updates, Phelix?