Gold collapsing. Bitcoin UP.

[Adrian-x]

Namecoin isn't a monetary coin.

LMAO for non-monetary coins.

namecoin is useful as it allows a decentralized censorship resistant DNS .bit domains

its a cool alt coin thats been out for a long time.

I wouldn't speculate on namecoin, but i can see myself possibly buying a few to get a .bit domain

I'm bullish, but not in the short term. If the gov restricts internet acces even more, .bit will take of!

i actually like Namecoin.  the ICANN decision is bullish.

i'd buy some if i could figure out how to download their wallet!

It's just like the old BitcoinQT,

[1714967751]

1714967751

[1714967751]

1714967751

[cypherdoc]

Namecoin isn't a monetary coin.

LMAO for non-monetary coins.

namecoin is useful as it allows a decentralized censorship resistant DNS .bit domains

its a cool alt coin thats been out for a long time.

I wouldn't speculate on namecoin, but i can see myself possibly buying a few to get a .bit domain

I'm bullish, but not in the short term. If the gov restricts internet acces even more, .bit will take of!

i actually like Namecoin.  the ICANN decision is bullish.

i'd buy some if i could figure out how to download their wallet!

It's just like the old BitcoinQT,

is this their official download site and where are the signed files?

http://namecoin.info/?p=download

[Zangelbert Bingledack]

i actually like Namecoin.  the ICANN decision is bullish.

i'd buy some if i could figure out how to download their wallet!

You don't need a wallet, just a private key and address. There are generators for just about every altcoin floating around.

[chriswilmer]

no, Bitcoin is not just about understanding the technical aspects which he clearly does.

it's about understanding Bitcoin as a whole; the technical aspects plus the economic incentives involved.  if he fails to understand either one of those, he fails to understand Bitcoin.

Absolutely agree. I meant he doesn't (even) understand economics, which is a prerequisite for really understanding Bitcoin.

So glad to see you posting again Zangelbert! This is a bullish sign

[Adrian-x]

Namecoin isn't a monetary coin.

LMAO for non-monetary coins.

namecoin is useful as it allows a decentralized censorship resistant DNS .bit domains

its a cool alt coin thats been out for a long time.

I wouldn't speculate on namecoin, but i can see myself possibly buying a few to get a .bit domain

I'm bullish, but not in the short term. If the gov restricts internet acces even more, .bit will take of!

i actually like Namecoin.  the ICANN decision is bullish.

i'd buy some if i could figure out how to download their wallet!

It's just like the old BitcoinQT,

is this their official download site and where are the signed files?

http://namecoin.info/?p=download

I've been using this guide
https://bitcointalk.org/index.php?topic=236375.0

[Peter R]

no, Bitcoin is not just about understanding the technical aspects which he clearly does.

it's about understanding Bitcoin as a whole; the technical aspects plus the economic incentives involved.  if he fails to understand either one of those, he fails to understand Bitcoin.

Absolutely agree. I meant he doesn't (even) understand economics, which is a prerequisite for really understanding Bitcoin.

So glad to see you posting again Zangelbert! This is a bullish sign

Indeed.  I noticed Holliday made a cameo appearance yesterday too.  Two of my favourite posters. 

[cypherdoc]

Namecoin isn't a monetary coin.

LMAO for non-monetary coins.

namecoin is useful as it allows a decentralized censorship resistant DNS .bit domains

its a cool alt coin thats been out for a long time.

I wouldn't speculate on namecoin, but i can see myself possibly buying a few to get a .bit domain

I'm bullish, but not in the short term. If the gov restricts internet acces even more, .bit will take of!

i actually like Namecoin.  the ICANN decision is bullish.

i'd buy some if i could figure out how to download their wallet!

It's just like the old BitcoinQT,

is this their official download site and where are the signed files?

http://namecoin.info/?p=download

I've been using this guide
https://bitcointalk.org/index.php?topic=236375.0

thx. merge mining set up.

[Adrian-x]

thx. merge mining set up.

Good move, although very slow this winter it was mining for me at about the same volume as bitcoin,  

While Namecoin was conceived a bit early, (new ideas have solved similar problems more effectively) its still around and seems to be moving forward.  On the up side, there is a good chance it will be integrated with Open-Transactions, for all those cool 2.0 Bitcoin type services, solving the P2P trust of individual identity in a decentralized and trust free way.

[justusranvier]

On the up side, there is a good chance it will be integrated with Open-Transactions, for all those cool 2.0 Bitcoin type services, solving the P2P trust of individual identity in a decentralized and trust free way.

Monetas just hired two Go programmers to work on adding features to btcd.

What if they used those coders also to fork btcd and modify it to into nmcd - a Go implementation of Namecoin?

[Adrian-x]

On the up side, there is a good chance it will be integrated with Open-Transactions, for all those cool 2.0 Bitcoin type services, solving the P2P trust of individual identity in a decentralized and trust free way.

Monetas just hired two Go programmers to work on adding features to btcd.

What if they used those coders also to fork btcd and modify it to into nmcd - a Go implementation of Namecoin?

Sounds good, I'd say it makes investing in NMC a more risky, I think Namecoin's value is in the merged mining and the total hashrate, i haven't been flowing btcd much, do you think it could fly as an alt?

[justusranvier]

Sounds good, I'd say it makes investing in NMC a more risky, I think Namecoin's value is in the merged mining and the total hashrate, i haven't been flowing btcd much, do you think it could fly as an alt?

What are you talking about?

Btcd is an implementation of the Bitcoin protocol written in Go, not an altcoin.

If a btcd-like implementation of Namecoin existed, you'd basically get the advantages of all the upgrades to Bitcoin that happened since 0.3 that Namecoin never got.

[Adrian-x]

Sounds good, I'd say it makes investing in NMC a more risky, I think Namecoin's value is in the merged mining and the total hashrate, i haven't been flowing btcd much, do you think it could fly as an alt?

What are you talking about?

Btcd is an implementation of the Bitcoin protocol written in Go, not an altcoin.

If a btcd-like implementation of Namecoin existed, you'd basically get the advantages of all the upgrades to Bitcoin that happened since 0.3 that Namecoin never got.

thanks, I show my ignorance, I though btcd was a clone of of the Bitcoin protocol written in go. i'd change my mind and say that sounds awesome.
who knows Namecoin could have some benefits to Monetas.  

[dnaleor]

Back to gold 

A friend of mine, who is into TA, told me he is shorting gold because he thinks gold will drop below 1000 USD/ounce...
Seems unlikely to me, but what do you guys think?

The gold manipulation is exposed now. Guess gold will start to rally again in the near future, no?

[RandomPedestrianN9]

Back to gold 

A friend of mine, who is into TA, told me he is shorting gold because he thinks gold will drop below 1000 USD/ounce...
Seems unlikely to me, but what do you guys think?

The gold manipulation is exposed now. Guess gold will start to rally again in the near future, no?

Historical inflation adjusted gold price chart. Im glad im not blinded retarded fanboy.

[Adrian-x]

Back to gold  

A friend of mine, who is into TA, told me he is shorting gold because he thinks gold will drop below 1000 USD/ounce...
Seems unlikely to me, but what do you guys think?

The gold manipulation is exposed now. Guess gold will start to rally again in the near future, no?

This seems counter intuitive given Russia is looking to buy gold, maybe the FED is shorting Uukraine gold with new fractional reserve paper gold.

[RandomPedestrianN9]

Back to gold 

A friend of mine, who is into TA, told me he is shorting gold because he thinks gold will drop below 1000 USD/ounce...
Seems unlikely to me, but what do you guys think?

The gold manipulation is exposed now. Guess gold will start to rally again in the near future, no?

This seems counter intuitive given Russia is looking to buy gold, maybe the FED is shorting Uukraine gold with new fractional reserve paper.

Nah, they are shorting the gold they "transported" from Ukraine to store it safely in undisclosed location in case there wont be Ukraine in the future. Nice "borrowing" USA, well played.

[wachtwoord]

Back to gold 

A friend of mine, who is into TA, told me he is shorting gold because he thinks gold will drop below 1000 USD/ounce...
Seems unlikely to me, but what do you guys think?

The gold manipulation is exposed now. Guess gold will start to rally again in the near future, no?

This seems counter intuitive given Russia is looking to buy gold, maybe the FED is shorting Uukraine gold with new fractional reserve paper.

Nah, they are shorting the gold they "transported" from Ukraine to store it safely in undisclosed location in case there wont be Ukraine in the future. Nice "borrowing" USA, well played.

Yes, that's where most of Europe's gold went. I doubt it's were they say it is.

[cypherdoc]

Back to gold 

A friend of mine, who is into TA, told me he is shorting gold because he thinks gold will drop below 1000 USD/ounce...
Seems unlikely to me, but what do you guys think?

The gold manipulation is exposed now. Guess gold will start to rally again in the near future, no?

i'm short.

[RandomPedestrianN9]

Back to gold 

A friend of mine, who is into TA, told me he is shorting gold because he thinks gold will drop below 1000 USD/ounce...
Seems unlikely to me, but what do you guys think?

The gold manipulation is exposed now. Guess gold will start to rally again in the near future, no?

i'm short.

Every person with half a brain is short on gold long term, ill buy in 10 years for 350 dollars.

[Carlton Banks]

Namecoin isn't a monetary coin.

LMAO for non-monetary coins.

namecoin is useful as it allows a decentralized censorship resistant DNS .bit domains

its a cool alt coin thats been out for a long time.

I wouldn't speculate on namecoin, but i can see myself possibly buying a few to get a .bit domain

actually namecoin is interesting from a theoretical perspective. [...] The fact the gold-bugs are not jumping on NMC in hoardes tells me the whole "intrinsic value" argument is flawed.

Distributed TLD/DNS database: yes

Database that can't have values removed: no


Using coin mining as an incentive for the problem that Namecoin is trying to solve doesn't work IMO. There's just no reason to have a separate cryptocoin for every implementation of a decentralised network that uses cryptographic proofs to operate.

In bitcoin, the justification is there, as every data unit (the coins) must originate from a mining block reward to ensure the validity of transaction inputs. The database for TLD/DNS serving doesn't need to store the original instantiation of the domain name or it's DNS resolution mapping, that information is no longer relevant the moment it changes (and there can exist the need for it to change frequently in either case). The wasteful bloat would probably kill a working Namecoin system before it became really useful. It still does a good job of popularising the idea.

I think the uncensorable web domains issue will be solved by some overlay protocol to MAIDsafe or MetaDisk (or perhaps a new rival decentralised storage system)