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Author Topic: Namecoin was stillborn, I had to switch off life-support  (Read 45894 times)
phelix
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October 16, 2013, 05:46:19 PM
 #101

Namecoin is alive and kicking. It has been around a bit longer
than any of the other altcoins and certainly is the most innovative coin
after Bitcoin. It was created as a separate chain to prevent bloat in
Bitcoin as per Satoshi's suggestion. Also merged mining was first
implemented in Namecoin. This means that though it is a separate chain
it improves Bitcoin security (and of course benefits).

Note that there are more possibilities in Namecoin than domain name
resolution as it is a general name/value storage system. The community
is only starting to experiment with new ideas like IDs, logins,
TLS/https, Bitmessage integration, file verification and so on.

In such a system it is necessary to have something of value: work or
coins with coins being superior. It would be interesting if the coins
were Bitcoins but it is not so easy to do and no one came up with such
an implementation so far. The NMC price floating freely has the
advantage that system fixed fees are subject to some external price
regulation.

If you have a problem that Namecoin is mostly a superset of Bitcoin's
features: better learn to deal with it, there is much more to come -
both in Namecoin and other chains.

Namecoin needs more active core developers. With Namecoin it is much
easier to make a difference than in Bitcoin so it is probably a fun
starting point for future Bitcoin developers, too.
If you don't want to go down the c++ rabbit hole there are also a lot of
possibilities to create peripheral software mostly in Java and Python
that could make an impact: Browser Plugins, split DNS resolvers on
various systems (Android), Electrum Bitcoin address ID integration, web
of trust, voting, bonds, decentralized facebook/twitter/reddit mashup....

You are welcome:
http://namecoin.info
http://dot-bit.org
http://dot-bit.org/forum/index.php = http://nf.bit


Quote from: libcoin link=topic=310954.msg3341333#msg3341333
date=1381833893
So current status is - don't buy a domain from someone, and don't trust
any important key-value pair in namecoin before the fix has been rolled
out! - Will update once it is there, but could take days to deploy at
miners.
Unless you have the fixed version installed that is. BTW it's being
tested right now.

Scalability
For domain name resolution alone there should be much less transactions
than for a payment system like Bitcoin. We will have to see about other
applications but probably Namecoin will have to bear much less load than
Bitcoin but scale similarly.

Lite client
A lite client is possible though it may have to download all block
HEADERS and name_op TXs.
Also a very lite client is possible that only verifies that a name_op is
in a block and checks a couple of the next block headers. The name value
could have been altered later on but it would still be safer than using
a regular DNS.
While as of now running the Namecoin client does not take a lot of
computing power it would be nice to see this implemented.

OP contacted the Namecoin devs through multiple channels and gave them
over a month to respond. They never responded nor gave any indication
that a fix was being worked on.
He only contacted devs long gone. There has been quite some activity on
the forum over the last couple of months.
Still glad he made the problem public and helps us now e.g. by editing
the OP and maybe the OP title? Wink



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October 17, 2013, 03:06:49 AM
 #102

Well spoken Phelix. Looks like this incident has a silver lining and actually made the Namecoin community stronger and more resolved. Onwards and Forwards!
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October 17, 2013, 05:48:20 AM
 #103

Well spoken Phelix. Looks like this incident has a silver lining and actually made the Namecoin community stronger and more resolved. Onwards and Forwards!

I agree here.  While reading the thread I collected ideas of what to contribute to this discussion at the end, but phelix already expressed all of that very nicely. Wink

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October 17, 2013, 06:22:31 PM
 #104

nice to see a fix

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October 18, 2013, 01:18:09 AM
 #105

it seems that we have a nice and vigilant team behind
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October 18, 2013, 02:57:36 AM
 #106

Namecoin is alive and kicking. It has been around a bit longer
than any of the other altcoins and certainly is the most innovative coin
after Bitcoin.

[...]

Note that there are more possibilities in Namecoin than domain name
resolution as it is a general name/value storage system. The community
is only starting to experiment with new ideas like IDs, logins,
TLS/https, Bitmessage integration, file verification and so on.

I agree that Namecoin is the most innovative after XBT and has a great potential yet to be explored.

In order for that to happen, we just need more volunteers and core developers.

And BTW, Bitmessage integration would be a GREAT boost to Namecoin's intrinsic value.

Keep up the good work!

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October 18, 2013, 05:33:05 AM
 #107

And BTW, Bitmessage integration would be a GREAT boost to Namecoin's intrinsic value.

This is just one of the projects that are actually not just under development but already working - the current release of Bitmessage already includes it. Smiley

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October 19, 2013, 02:02:19 PM
 #108

can't wait a fresh start of beloved NMC. BEST application other than BTC so far.

Intelligent and fast-responding team revitalize the innovative coin.
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October 20, 2013, 01:09:37 AM
 #109

can't wait a fresh start of beloved NMC. BEST application other than BTC so far.

Intelligent and fast-responding team revitalize the innovative coin.

What do you mean by "a fresh start"? Huh

Did you mean a complete "reboot" of the coin's protocol and mining feature?

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October 20, 2013, 08:46:03 PM
 #110

can't wait a fresh start of beloved NMC. BEST application other than BTC so far.

Intelligent and fast-responding team revitalize the innovative coin.

What do you mean by "a fresh start"? Huh

Did you mean a complete "reboot" of the coin's protocol and mining feature?
That is not necessary and not planned.

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October 21, 2013, 07:38:21 AM
 #111

So it is dead or can it be salvaged?  Sorry, not technical here.
I think it can be salvaged. A particular block, well in the future, will have to be chosen. After that block, every name will have to be recomputed to determine its correct ownership under the new, correct, rules. At that time, all names will revert to their correct owners, and from then on, the exploit will be impossible. It's just going to take the Namecoin community to come together, agree on the new rules and block number, get the work done on time, and so on.


Say I have some .bit registrations. Currently they could be stolen from me? Under above scenario, stolen registrations might be returned to me? - roll back name updates to the block date of the vulnerability announcement? (or thereabouts)

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October 21, 2013, 07:44:36 AM
 #112

So it is dead or can it be salvaged?  Sorry, not technical here.
I think it can be salvaged. A particular block, well in the future, will have to be chosen. After that block, every name will have to be recomputed to determine its correct ownership under the new, correct, rules. At that time, all names will revert to their correct owners, and from then on, the exploit will be impossible. It's just going to take the Namecoin community to come together, agree on the new rules and block number, get the work done on time, and so on.


Say I have some .bit registrations. Currently they could be stolen from me? Under above scenario, stolen registrations might be returned to me? - roll back name updates to the block date of the vulnerability announcement? (or thereabouts)

Yes, more or less like that.  The bug is that name_update operations are not checked and thus it is (with the old code) possible that someone updates a name to himself, and those transactions get relayed and even mined.  However, it is not possible to hide the fact that this is an "invalid" operation.  Thus it is easy, after the problem is fixed and the fix distributed, to decide which transactions should not be allowed and discard them.  This is what will be done, so that you are right that if you (rightfully) own a name and it gets stolen, it will be returned to you - in the view of everyone who uses the updated client.  But this includes fortunately no complete roll-back of all name transactions, since that is not necessary because it is possible to identify exactly the illicit ones.  Only those will be reversed.

Use your Namecoin identity as OpenID: https://nameid.org/
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October 24, 2013, 11:09:56 PM
 #113

so that's why nmc crashed. ask to simplyfun and other btc-e owners to donate some bucks, i bet they make toons on nmc transfer fees at btc-e...

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October 24, 2013, 11:14:30 PM
 #114

Well, at least were getting that fix.
It also demonstrates merge mining fairly well..
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October 25, 2013, 05:37:59 PM
 #115

So my 37 domains are useless? Worthless?

Wtf?

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October 25, 2013, 06:22:12 PM
 #116

So my 37 domains are useless? Worthless?

Wtf?

No, you just can't transfer them to anyone else until a patch is released.

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October 26, 2013, 04:01:05 PM
 #117

So my 37 domains are useless? Worthless?

Wtf?

No, you just can't transfer them to anyone else until a patch is released.

ok thats not the end of the world, knowing my luck someone will want to buy them, between now and then

thx for the reply

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October 30, 2013, 01:36:15 PM
 #118

Out now: Namecoin-Qt & daemon with the name enforcing bug fixed.

https://bitcointalk.org/index.php?topic=236340.msg3436752#msg3436752
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November 09, 2013, 02:35:37 PM
 #119

we know NMC will soon be recognized as real application in virtual world.
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November 22, 2013, 12:08:10 AM
 #120

Any ideas what's caused the sudden namecoin price spike?
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