ripper234 (OP)
Legendary
Offline
Activity: 1358
Merit: 1003
Ron Gross
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 08, 2011, 07:32:42 PM |
|
Simple things, you know, like a GUI, Faucet, a few more exchanges that support it, bounties? Or are those not important enough right now to the people working on Namecoin?
|
|
|
|
bulanula
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 08, 2011, 07:35:43 PM |
|
Namecoin pretty much died after it was more profitable to mine BTC. It was attacked by Satoshi complex personalities ( ArtForz, lolcust, BitcoinExpress, SAC, Tycho, MarkKarpeles etc. ) because it posed a threat to Bitcoin just like Fairbrix was attacked because it posed a threat to Tenecrapix.
|
|
|
|
ripper234 (OP)
Legendary
Offline
Activity: 1358
Merit: 1003
Ron Gross
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 08, 2011, 07:38:50 PM Last edit: October 08, 2011, 09:06:29 PM by ripper234 |
|
Namecoin pretty much died after it was more profitable to mine BTC. It was attacked by Satoshi complex personalities ( ArtForz, lolcust, BitcoinExpress, SAC, Tycho, MarkKarpeles etc. ) because it posed a threat to Bitcoin just like Fairbrix was attacked because it posed a threat to Tenecrapix.
I see no reason why merged mining will not become dominant. It is more profitable to mine both Namecoin & Bitcoin together, so most pools and miners should switch to that, making the network as secure as Bitcoin.
|
|
|
|
kano
Legendary
Offline
Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 08, 2011, 09:54:31 PM |
|
Well technically, namecoin should have no value at all anyway. It costs nothing to mine it if you do merged mining - i.e. it is free. The negative side is (what I've said many times) it puts extra data in the bitcoin block-chain that has nothing to do with bitcoin (and the web site is wrong about that on the main Merged mining page saying that it doesn't do that http://dot-bit.org/Merged_MiningI've asked more than a week ago for someone to fix that - but I guess they don't like people knowing it)
|
|
|
|
ripper234 (OP)
Legendary
Offline
Activity: 1358
Merit: 1003
Ron Gross
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 08, 2011, 10:07:47 PM |
|
Well technically, namecoin should have no value at all anyway. It costs nothing to mine it if you do merged mining - i.e. it is free. The negative side is (what I've said many times) it puts extra data in the bitcoin block-chain that has nothing to do with bitcoin (and the web site is wrong about that on the main Merged mining page saying that it doesn't do that http://dot-bit.org/Merged_MiningI've asked more than a week ago for someone to fix that - but I guess they don't like people knowing it) Wrong. If I don't mine, the only way I can get Namecoin is by buying it. Thus, it has value. It does't "cost nothing nothing to mine". You can say that it costs electricy to mine BTC + NMC. The fact that NMC now can be merged-mined simply means that a rational miner will switch from mining BTC to BTC+NMC, not that NMC has no value. Why do you think it's wrong to put extra data in the blockchain? If a miner solves a BTC block, he can put pictures of Cthulu there for all I care. He solved the block, he's entitled to manipulate it as he will (within what's allowed by the protocol).
|
|
|
|
ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 08, 2011, 10:17:24 PM |
|
Why do you think it's wrong to put extra data in the blockchain? If a miner solves a BTC block, he can put pictures of Cthulu there for all I care. He solved the block, he's entitled to manipulate it as he will (within what's allowed by the protocol).
If everyone keeps putting junk in the blockchain it will go form GB to TB to download and use soon. The next block is being payed for the data so what's your point?
|
|
|
|
ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 08, 2011, 10:26:44 PM |
|
You're right as long as I can fit the blockchain on a single harddrive I don't give a shit ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) And I don't think it will ever grow beyond that even if the blockchain is 10TB in 10 years if I can buy a 200TB harddrive for the same amount I'm fine.
|
|
|
|
kano
Legendary
Offline
Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 08, 2011, 10:28:06 PM |
|
Well technically, namecoin should have no value at all anyway. It costs nothing to mine it if you do merged mining - i.e. it is free. The negative side is (what I've said many times) it puts extra data in the bitcoin block-chain that has nothing to do with bitcoin (and the web site is wrong about that on the main Merged mining page saying that it doesn't do that http://dot-bit.org/Merged_MiningI've asked more than a week ago for someone to fix that - but I guess they don't like people knowing it) Wrong. If I don't mine, the only way I can get Namecoin is by buying it. Thus, it has value. It does't "cost nothing nothing to mine". You can say that it costs electricy to mine BTC + NMC. The fact that NMC now can be merged-mined simply means that a rational miner will switch from mining BTC to BTC+NMC, not that NMC has no value. Why do you think it's wrong to put extra data in the blockchain? If a miner solves a BTC block, he can put pictures of Cthulu there for all I care. He solved the block, he's entitled to manipulate it as he will (within what's allowed by the protocol). LOL so you waste money on something you can get for free? OK I'm wrong - wrong to not do something stupid? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) The current BTC block-chain, index, address file and sundry db files is already 975Mb The size of a single block is steadily growing with the number of transactions on average increasing over time. Add extra data to the block-chain represents extra storage space on every HDD that is running bitcoin. Meh trying to educate the ignorant ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) I don't think Cthulu would fit in there unless you got a smaller pic of her: ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.animenation.net%2Fblog%2Fwp-content%2Fuploads%2F2009%2F10%2FB002LH59JC_01-212x300.jpg&t=665&c=PtRuOpHyPPmIKQ)
|
|
|
|
|
ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 08, 2011, 10:42:44 PM |
|
You're right as long as I can fit the blockchain on a single harddrive I don't give a shit ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) And I don't think it will ever grow beyond that even if the blockchain is 10TB in 10 years if I can buy a 200TB harddrive for the same amount I'm fine. Well your net connection is not going to improve by that order of magnitude in speed so it is going to be one hell of a long download. Well, 10 Years ago the fastest connection I could get for cheap (consumer rates) was a 512kbit cable modem link, now it's 10mbit plastic fiber link. I can't see why I wouldn't be able to get 200mbit glass fiber then. (I do pay less for net access now than back then so, yeah it probably won't improve as much as I would probably choose to pay even less than now) oh noes.. its actually 100mbit now, screw it ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
|
|
|
|
|
MaGNeT
Legendary
Offline
Activity: 1526
Merit: 1002
Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 08, 2011, 11:00:39 PM |
|
Well technically, namecoin should have no value at all anyway. It costs nothing to mine it if you do merged mining - i.e. it is free. The negative side is (what I've said many times) it puts extra data in the bitcoin block-chain that has nothing to do with bitcoin (and the web site is wrong about that on the main Merged mining page saying that it doesn't do that http://dot-bit.org/Merged_MiningI've asked more than a week ago for someone to fix that - but I guess they don't like people knowing it) I'm mining Namecoins, so, technically, Bitcoin should have no value at all anyway. Bitcoins cost nothing to mine it if you do merged mining - i.e. it is free. I see Bitcoins as a bonus for mining Namecoins.
|
|
|
|
ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 08, 2011, 11:27:52 PM |
|
Well technically, namecoin should have no value at all anyway. It costs nothing to mine it if you do merged mining - i.e. it is free. The negative side is (what I've said many times) it puts extra data in the bitcoin block-chain that has nothing to do with bitcoin (and the web site is wrong about that on the main Merged mining page saying that it doesn't do that http://dot-bit.org/Merged_MiningI've asked more than a week ago for someone to fix that - but I guess they don't like people knowing it) I'm mining Namecoins, so, technically, Bitcoin should have no value at all anyway. Bitcoins cost nothing to mine it if you do merged mining - i.e. it is free. I see Bitcoins as a bonus for mining Namecoins. Both arguments are equally invalid ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
|
|
|
|
bulanula
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 08, 2011, 11:39:42 PM |
|
Well technically, namecoin should have no value at all anyway. It costs nothing to mine it if you do merged mining - i.e. it is free. The negative side is (what I've said many times) it puts extra data in the bitcoin block-chain that has nothing to do with bitcoin (and the web site is wrong about that on the main Merged mining page saying that it doesn't do that http://dot-bit.org/Merged_MiningI've asked more than a week ago for someone to fix that - but I guess they don't like people knowing it) Wrong. If I don't mine, the only way I can get Namecoin is by buying it. Thus, it has value. It does't "cost nothing nothing to mine". You can say that it costs electricy to mine BTC + NMC. The fact that NMC now can be merged-mined simply means that a rational miner will switch from mining BTC to BTC+NMC, not that NMC has no value. Why do you think it's wrong to put extra data in the blockchain? If a miner solves a BTC block, he can put pictures of Cthulu there for all I care. He solved the block, he's entitled to manipulate it as he will (within what's allowed by the protocol). LOL so you waste money on something you can get for free? OK I'm wrong - wrong to not do something stupid? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) The current BTC block-chain, index, address file and sundry db files is already 975Mb The size of a single block is steadily growing with the number of transactions on average increasing over time. Add extra data to the block-chain represents extra storage space on every HDD that is running bitcoin. Meh trying to educate the ignorant ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) I don't think Cthulu would fit in there unless you got a smaller pic of her: ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.animenation.net%2Fblog%2Fwp-content%2Fuploads%2F2009%2F10%2FB002LH59JC_01-212x300.jpg&t=665&c=PtRuOpHyPPmIKQ) Yet more proof that Satoshi / all the other IDs came from Japan ( who the fuck is Cthulu ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) ) and we all got screwed by manga watching noodle eating geeks.
|
|
|
|
kano
Legendary
Offline
Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 09, 2011, 12:49:23 AM |
|
Well technically, namecoin should have no value at all anyway. It costs nothing to mine it if you do merged mining - i.e. it is free. The negative side is (what I've said many times) it puts extra data in the bitcoin block-chain that has nothing to do with bitcoin (and the web site is wrong about that on the main Merged mining page saying that it doesn't do that http://dot-bit.org/Merged_MiningI've asked more than a week ago for someone to fix that - but I guess they don't like people knowing it) I'm mining Namecoins, so, technically, Bitcoin should have no value at all anyway. Bitcoins cost nothing to mine it if you do merged mining - i.e. it is free. I see Bitcoins as a bonus for mining Namecoins. LOL clearly you don't understand how merged mining works ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Go read the code then try to post that comment correctly. (also ignore the namecoin web site coz they are actually wrong - I've even requested they correct it but they enjoy displaying false information about merged mining)
|
|
|
|
iopq
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 09, 2011, 01:22:55 AM |
|
Well technically, namecoin should have no value at all anyway. It costs nothing to mine it if you do merged mining - i.e. it is free. The negative side is (what I've said many times) it puts extra data in the bitcoin block-chain that has nothing to do with bitcoin (and the web site is wrong about that on the main Merged mining page saying that it doesn't do that http://dot-bit.org/Merged_MiningI've asked more than a week ago for someone to fix that - but I guess they don't like people knowing it) I'm mining Namecoins, so, technically, Bitcoin should have no value at all anyway. Bitcoins cost nothing to mine it if you do merged mining - i.e. it is free. I see Bitcoins as a bonus for mining Namecoins. LOL clearly you don't understand how merged mining works ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Go read the code then try to post that comment correctly. (also ignore the namecoin web site coz they are actually wrong - I've even requested they correct it but they enjoy displaying false information about merged mining) explain what you mean, lol
|
|
|
|
kano
Legendary
Offline
Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 09, 2011, 01:34:15 AM |
|
Well technically, namecoin should have no value at all anyway. It costs nothing to mine it if you do merged mining - i.e. it is free. The negative side is (what I've said many times) it puts extra data in the bitcoin block-chain that has nothing to do with bitcoin (and the web site is wrong about that on the main Merged mining page saying that it doesn't do that http://dot-bit.org/Merged_MiningI've asked more than a week ago for someone to fix that - but I guess they don't like people knowing it) I'm mining Namecoins, so, technically, Bitcoin should have no value at all anyway. Bitcoins cost nothing to mine it if you do merged mining - i.e. it is free. I see Bitcoins as a bonus for mining Namecoins. LOL clearly you don't understand how merged mining works ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Go read the code then try to post that comment correctly. (also ignore the namecoin web site coz they are actually wrong - I've even requested they correct it but they enjoy displaying false information about merged mining) explain what you mean, lol Merged mining requires that it produces a special BTC block (with extra data) that it then hashes to make a valid BTC hash for a BTC block. Only then can merged mining produce a namecoin block based on that BTC hash (extra for free) Thus it doesn't make sense to say that you are producing namecoin blocks and getting free BTC blocks since the merged namecoin block depends on the BTC block generation and that has to be done first, not the other way around. i.e. you can't first generate a namecoin block and hash and then use that hash in BTC.
|
|
|
|
iopq
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 09, 2011, 06:40:07 AM |
|
Well technically, namecoin should have no value at all anyway. It costs nothing to mine it if you do merged mining - i.e. it is free. The negative side is (what I've said many times) it puts extra data in the bitcoin block-chain that has nothing to do with bitcoin (and the web site is wrong about that on the main Merged mining page saying that it doesn't do that http://dot-bit.org/Merged_MiningI've asked more than a week ago for someone to fix that - but I guess they don't like people knowing it) I'm mining Namecoins, so, technically, Bitcoin should have no value at all anyway. Bitcoins cost nothing to mine it if you do merged mining - i.e. it is free. I see Bitcoins as a bonus for mining Namecoins. LOL clearly you don't understand how merged mining works ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Go read the code then try to post that comment correctly. (also ignore the namecoin web site coz they are actually wrong - I've even requested they correct it but they enjoy displaying false information about merged mining) explain what you mean, lol Merged mining requires that it produces a special BTC block (with extra data) that it then hashes to make a valid BTC hash for a BTC block. Only then can merged mining produce a namecoin block based on that BTC hash (extra for free) Thus it doesn't make sense to say that you are producing namecoin blocks and getting free BTC blocks since the merged namecoin block depends on the BTC block generation and that has to be done first, not the other way around. i.e. you can't first generate a namecoin block and hash and then use that hash in BTC. except masterpool has produced many NMC blocks, but 0 BTC blocks so far
|
|
|
|
kano
Legendary
Offline
Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 09, 2011, 08:14:47 AM |
|
So what? That is as to be expected. It still tries with every hash as I stated.
|
|
|
|
sd
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 09, 2011, 09:49:17 AM |
|
Yet more proof that Satoshi / all the other IDs came from Japan ( who the fuck is Cthulu ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) ) and we all got screwed by manga watching noodle eating geeks. Cthulhu is a reoccurring character in the works of H.P Lovecraft, an American writer of short horror stories. The reference has nothing to do with manga. Check out the books on amazon, they are well worth reading.
|
|
|
|
|