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Author Topic: [announce] Namecoin - a distributed naming system based on Bitcoin  (Read 400129 times)
BetterOldCoins
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March 17, 2017, 07:54:03 AM
 #1241

Trying to figure out if there is some practical use for this https://nameid.org/
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Badfish
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March 17, 2017, 03:10:35 PM
 #1242

Well the Icaan meeting is over, and no price movement. Guess it was priced in already.
domob
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March 17, 2017, 06:14:47 PM
 #1243

Question: How many NMC have been burned for domain registration to date?
There are nearly 10,000,000 name_new transactions on the blockchain. One single name_new tx burns 0.01 NMC. Therefore around 100,000 NMC have been burned.

In the early days, name registrations had to actually burn a lot more coins (IIRC up to 50), so the real number is probably higher - but I have no number by how much.

Technically speaking these 100kNMC haven't been burned, they are just inaccessible. If we ever run out of NMCs because of a future large-scale usage of Namecoin we could do a hard fork and purge all the expired, abandoned, unused or erroneously issued name_new transactions. This would release those inaccessible NMCs to be reused. A hard fork requires the approval of the miners/mining pools, though.

If we ever run out (which I doubt will happen and I'm pretty sure you don't think so either), we could also just hard fork to increase the block reward.  That would have the same effect and might be a simpler solution; but anyway, that's not going to happen. Wink

Use your Namecoin identity as OpenID: https://nameid.org/
Donations: 1domobKsPZ5cWk2kXssD8p8ES1qffGUCm | NMC: NCdomobcmcmVdxC5yxMitojQ4tvAtv99pY
BM-GtQnWM3vcdorfqpKXsmfHQ4rVYPG5pKS | GPG 0xA7330737
wiked1
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March 20, 2017, 12:09:01 AM
 #1244



The first crypto to release to the public with SegWit will be the big winner. It may not be Bitcoin, or even Litecoin. If a group were to take the Bitcoin (or Litecoin) source, make a new coin, with SegWit built-in from the group up, call it Bitcoin2, or Litecoin2, start a brand new block chain with it, that entity will likely create many millionaires. And since they are starting a new coin, they could drop any code that deals with backward compatibility issues.
marcus_of_augustus
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March 20, 2017, 12:42:13 AM
 #1245



The first crypto to release to the public with SegWit will be the big winner. It may not be Bitcoin, or even Litecoin. If a group were to take the Bitcoin (or Litecoin) source, make a new coin, with SegWit built-in from the group up, call it Bitcoin2, or Litecoin2, start a brand new block chain with it, that entity will likely create many millionaires. And since they are starting a new coin, they could drop any code that deals with backward compatibility issues.

Pretty sure that all recent namecoin releases are fully-segwit enabled. It is just a matter of time before the miners switch over I suppose.

domob
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March 20, 2017, 05:53:52 PM
 #1246



The first crypto to release to the public with SegWit will be the big winner. It may not be Bitcoin, or even Litecoin. If a group were to take the Bitcoin (or Litecoin) source, make a new coin, with SegWit built-in from the group up, call it Bitcoin2, or Litecoin2, start a brand new block chain with it, that entity will likely create many millionaires. And since they are starting a new coin, they could drop any code that deals with backward compatibility issues.

Pretty sure that all recent namecoin releases are fully-segwit enabled. It is just a matter of time before the miners switch over I suppose.

Unfortunately, no.  They have the basic code, but we need to do a hardfork first to make BIP9 (which is used to activate segwit) compatible with merge mining, so that the code is disabled for now.  Before we can proceed here, we need BIP65 (nVersion=4) to activate - currently running at 91% of the network hashrate, so close. Smiley

Use your Namecoin identity as OpenID: https://nameid.org/
Donations: 1domobKsPZ5cWk2kXssD8p8ES1qffGUCm | NMC: NCdomobcmcmVdxC5yxMitojQ4tvAtv99pY
BM-GtQnWM3vcdorfqpKXsmfHQ4rVYPG5pKS | GPG 0xA7330737
vlom
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March 20, 2017, 10:07:31 PM
 #1247

is there really no light wallet?
and how big is the blockchain?

i dont want to buy coins without a lite wallet.

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