Time to hoard some namecoins me thinks

Bigpiggy01 (OP)

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Time to hoard some namecoins me thinks

October 24, 2011, 10:30:38 AM

#1

http://memeburn.com/2011/10/p2p-dns-taking-ownership-of-the-internet/

Does a pretty good piece on both name and bit coin. Nmc hasn't had much noteworthy press in a fairly long time so me thinks this'll be good for Nmc and BTC.

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wigglyuk

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Re: Time to hoard some namecoins me thinks

October 24, 2011, 01:16:36 PM

#2

never heard of ICANN till now... you have successfully scared me into buy a couple hundred NMC.

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sd

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Re: Time to hoard some namecoins me thinks

October 25, 2011, 01:24:21 PM

#3

Quote from: wigglyuk on October 24, 2011, 01:16:36 PM

never heard of ICANN till now... you have successfully scared me into buy a couple hundred NMC.

NameCoin is a solution to one of the biggest problems the current Internet has, the current DNS setup sucks. There have been attacks in the past where all the root nameservers except one have been dossed, it's possible a repeat attack could take the lot offline. The US government takes generic domains down whenever it feels like it. Other countries take down domains under their country code domains whenever big business prods their various legal systems into action.

NameCoin doesn't fix all the problems but it does decentralize away from political organizations and into the hands of those who should be running the Internet. Sadly it does nothing about domain trolling.

wigglyuk

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Re: Time to hoard some namecoins me thinks

October 25, 2011, 02:36:33 PM

#4

Quote from: sd on October 25, 2011, 01:24:21 PM

Sadly it does nothing about domain trolling.

You could make a coin for that.

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Ten98

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Re: Time to hoard some namecoins me thinks

October 25, 2011, 03:12:40 PM

#5

Quote from: wigglyuk on October 25, 2011, 02:36:33 PM

Quote from: sd on October 25, 2011, 01:24:21 PM

Sadly it does nothing about domain trolling.

You could make a coin for that.

lolol you could call it antisquatcoin.

Seriously though, all the big brand names are already squatted on Namecoin, so it is perfect for people who want to engage in phishing scams, since there's no way to close down an illegal domain...

"Oh look, I'm on BankofAmerica.bit, sure looks legit to me..." *Enters username and password* Oh noes!

iopq

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Re: Time to hoard some namecoins me thinks

October 25, 2011, 03:48:38 PM

#6

Quote from: Ten98 on October 25, 2011, 03:12:40 PM

Quote from: wigglyuk on October 25, 2011, 02:36:33 PM

Quote from: sd on October 25, 2011, 01:24:21 PM

Sadly it does nothing about domain trolling.

You could make a coin for that.

lolol you could call it antisquatcoin.

Seriously though, all the big brand names are already squatted on Namecoin, so it is perfect for people who want to engage in phishing scams, since there's no way to close down an illegal domain...

"Oh look, I'm on BankofAmerica.bit, sure looks legit to me..." *Enters username and password* Oh noes!

that's exactly the point of namecoin, nobody can take your domain away

MaGNeT

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Re: Time to hoard some namecoins me thinks

October 25, 2011, 04:17:57 PM

#7

I buy Namecoins with every Bitcoin / Altcoin I earn

sd

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Re: Time to hoard some namecoins me thinks

October 25, 2011, 08:16:36 PM

#8

Quote from: wigglyuk on October 25, 2011, 02:36:33 PM

Quote from: sd on October 25, 2011, 01:24:21 PM

Sadly it does nothing about domain trolling.

You could make a coin for that.

I see no workable technical way to prevent domain name squatting in a BitCoin like network or any other peer to peer network. Ultimately the network needs trusted humans to resolve disputes.

Delegating subdomains of .bit to official company registries might work but it would require a geographical split in there as there is no single worldwide company register that I'm aware of. Then you have to trust whoever is doing the delegating not to change things or you need immutable entries.

It gets messy.

MaxSan

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Re: Time to hoard some namecoins me thinks

October 25, 2011, 08:24:10 PM

#9

Quote from: MaGNeT on October 25, 2011, 04:17:57 PM

I buy Namecoins with every Bitcoin / Altcoin I earn

Man after my own heart Wink

Iyeman

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Re: Time to hoard some namecoins me thinks

October 26, 2011, 04:16:28 PM

#10

Quote from: MaGNeT on October 25, 2011, 04:17:57 PM

I buy Namecoins with every Bitcoin / Altcoin I earn

I do the same thing. Currently have over 3k, which i think is a decent amount considering i only have about 1.2 GH/s and have never bought BTC.

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wobber

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Re: Time to hoard some namecoins me thinks

October 26, 2011, 08:31:48 PM

#11

I like namecoin, is the alt currency that tried to give something. I hope it will be adopted on large scale.

Once it gets to 1 NMC per domain, I'm gonna open up some businesses

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Iyeman

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Re: Time to hoard some namecoins me thinks

October 26, 2011, 08:32:23 PM

#12

Quote from: DeathAndTaxes on October 26, 2011, 05:30:32 PM

Quote from: Iyeman on October 26, 2011, 04:16:28 PM

Quote from: MaGNeT on October 25, 2011, 04:17:57 PM

I buy Namecoins with every Bitcoin / Altcoin I earn

I do the same thing. Currently have over 3k, which i think is a decent amount considering i only have about 1.2 GH/s and have never bought BTC.

Interesting. Since you buy NMC w/ BTC I assume that means you feel NMC are worth more than their price in BTC. Right? Interested to here your reasoning (I think I have an idea).

Same reason people like BTC over normal currency, to much governmental control...

http://www.techdirt.com/articles/20111024/10293116490/ice-seized-20-domain-names-nfl-over-weekend.shtml
http://blogs.computerworld.com/17575/ice_domain_seizures_relied_on_twisted_evidence_and_mpaa_say_so
http://www.huffingtonpost.com/2011/02/01/atdhe-sports-streaming-website-seized_n_817224.html
http://torrentfreak.com/u-s-government-seizes-bittorrent-search-engine-domain-and-more-101126/

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