[announce] Namecoin - a distributed naming system based on Bitcoin

[findftp]

i cannot see why the market price shall have any relevance, for me only the functionality has. This, i believe in this coin, and own it independant of the market price. And i like it because of no lying PR. The only thing is, that other technicians should know that this technology exist.

Functionality has a price.
Namecoin cannot exist without mining
Mining costs joules.
Joules are not free.

[1597110066]

1597110066

[versprichnix]

i cannot see why the market price shall have any relevance, for me only the functionality has. This, i believe in this coin, and own it independant of the market price. And i like it because of no lying PR. The only thing is, that other technicians should know that this technology exist.

Functionality has a price.
Namecoin cannot exist without mining
Mining costs joules.
Joules are not free.

i agree, and namecoin has a price, and will have it as long as it has a functionality. But why should it have a higher price than now? For most crypto investors it has no more functionality than becoming rich itself, and i will compete this behaviour, with my modest capabilities.

[elaleph]

The good thing about Namecoin mining is that is piggybacking on Bitcoin’s miners, something that was established in the beginnings as merged mining. For this reason NMC has a lot of potential in the sense that its blockchain is secured by BTC and so the price of NMC may drop without its network being compromised by attacks. The bad thing is that NMC has been kept in a closet for some reason, its tremendous potential has been hindered by nearsightedness, the current developer claims that only the functionality is important to him yet for many years I have personally seen no functionality, even to try it in the nightly build  tor browser is almost impossible. Mayor exchanges have been delisting NMC do to low volume and lack of interest, I have been holding this coin for three years also thinking about its functionality but only have seen my investment been reduced 10 times, there seems to be no limit to how low the price of this coin can go, something is definitely not working. If there is something in all these years I have noticed is that when Bitcoin pumps, Namecoin bleeds, and when Bitcoin dumps, Namecoin bleeds even harder. If functionality was the only important thing, then why not just create a non-monetary domain blockchain, its like saying that you only care about the functionality of your bicycle but that the roads you ride in are of no importance because they are unpredictable and irrational. There is clearly a one sided thinking at the core of this project that is driving it to its demise.

[versprichnix]

... but only have seen my investment been reduced 10 times, ...

i have seen the quantity of my investment increased 10 times, so nothing to complain in my opinion ...

i demand and anticipate nothing. Too innocent for a prediction.

[werghb4562]

At 0.00002000 1 BTC will buy 50,000 NMC or 0.23% of supply.
At 0.00000200 1 BTC will buy 500,000 NMC or 2.38% of supply.
At 0.00000020 1 BTC will buy 5,000,000 NMC or 23.8% of supply.
At 0.00000002 1 BTC will buy 50,000,000 NMC or 238% of supply.

Don't worry there is a price floor. I will buy it all at 2 satoshi.

[BayAreaCoins]

At 0.00002000 1 BTC will buy 50,000 NMC or 0.23% of supply.
At 0.00000200 1 BTC will buy 500,000 NMC or 2.38% of supply.
At 0.00000020 1 BTC will buy 5,000,000 NMC or 23.8% of supply.
At 0.00000002 1 BTC will buy 50,000,000 NMC or 238% of supply.

Don't worry there is a price floor. I will buy it all at 2 satoshi.

Exactly.  This is how I've always traded as well.  It gives you more confidence in your investment too.

Good post.  Ty.

[versprichnix]

It's nothing more than rebalancing, it's known as the "Pantoffelportfolio" here in Germay from "Finanztest". Because it's a passive strategy, it works for stupids too. This i believe all humans are simple minded, without any exception, fatuous as an earthworm.

The more a human believes in it's intelligence, the more stupid he is, because there is no absolute intelligence, rationality, wisdom, or strengh. Animals and plants are becoming more and more intelligent and rational over us over time, the end of this way is cruelty among humans.

The rules of rebalancing contradicts the rules of neoclassic economy in the way, that market price oscillation is leading to profits only. One profit with cheap buy, the other profit with expensive sell. The result is a deescalation of market price deflections. Better yet, the higher the deflections, the higher the profit above average. But if all people in this world do it, then there is no gain for any person any more. This is the human way of trading, open and free, and the greedy elites will try to break this community the neck. This can only happen, if we stay more greedy than them.

The neoclassic economy is not wrong, it's the escalating greedy I-economy or me-first-economy, with people who believe they are knowing, and could predict the market. The people playing this game want to get rich, but they loose all longterm for sure. Animals as apes can compete them, animals and plants are relative intelligent against greed:
https://www.forbes.com/sites/rickferri/2012/12/20/any-monkey-can-beat-the-market/

As earth worms leaders do not make sense. They are only for delegating theft to a more unscupulous person than oneself.

For rebalancing distribute your wealth over a set of non correlating assets, each asset having a budget (equates confidence) in % of all savings.  Rebalance from time to time, especially after an unexpected heavy market price deflection. Take your time, the longer you can wait, the higher is the profit, the greedy world is giving you its wealth by choice. Profit is not the goal, preservation is the goal. And never use credit, it's not allowed in a humane world!

Preserve this earth! Stay tuned!

[bitcampaign]

At 0.00002000 1 BTC will buy 50,000 NMC or 0.23% of supply.
At 0.00000200 1 BTC will buy 500,000 NMC or 2.38% of supply.
At 0.00000020 1 BTC will buy 5,000,000 NMC or 23.8% of supply.
At 0.00000002 1 BTC will buy 50,000,000 NMC or 238% of supply.

Don't worry there is a price floor. I will buy it all at 2 satoshi.

This altcoin was successful and had a good value back in 2013, I don't think the price of 2 satoshis will touch it, I think the current price is very cheap, it's really cheap now, I just took another look at this old altcoin, what is this project still alive and still developing

[MrRomaRIO]

At 0.00002000 1 BTC will buy 50,000 NMC or 0.23% of supply.
At 0.00000200 1 BTC will buy 500,000 NMC or 2.38% of supply.
At 0.00000020 1 BTC will buy 5,000,000 NMC or 23.8% of supply.
At 0.00000002 1 BTC will buy 50,000,000 NMC or 238% of supply.

Don't worry there is a price floor. I will buy it all at 2 satoshi.

This altcoin was successful and had a good value back in 2013, I don't think the price of 2 satoshis will touch it, I think the current price is very cheap, it's really cheap now, I just took another look at this old altcoin, what is this project still alive and still developing

The minimum price of the Namecoin was fixed Mar 18, 2020 (5 months ago) and amounted to $0,02967395
So anything can be ... but I hope to grow