Namecoin NMC

$0.6278
Market Cap $ 9.252 MM (#246)
24h Volume $ 5.439 K
Chg. 24h: 0.60%
Algo. score 3.1/5  (#499)
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Namecoin News

@archiveis @OhNoItsFusl @nicksdjohnson @mysticryuujin @OpenN...

@archiveis @OhNoItsFusl @nicksdjohnson @mysticryuujin @OpenNIC Namecoin can't be efficiently mined with CPU/GPU (it… https://t.co/IasM6vUgPy

2 days ago

@SendRVNtoWOKE The link in Namecoin Core is outdated; it's s...

@SendRVNtoWOKE The link in Namecoin Core is outdated; it's supposed to point to the docs at https://t.co/Lm1XSoX44P… https://t.co/2vWXnzu2oW

11 days ago

@SendRVNtoWOKE If you're a user who just wants to view .bit ...

@SendRVNtoWOKE If you're a user who just wants to view .bit websites in a web browser, you don't need to buy NMC or… https://t.co/0Rq3w5PJjQ

12 days ago

Namecoin at Internet Governance Forum 2018: Summary / Transc...

Namecoin at Internet Governance Forum 2018: Summary / Transcript / Recording / Report / Slides… https://t.co/QBIqlIChdx

12 days ago

@SendRVNtoWOKE @CryptoStache Namecoin was actually created i...

@SendRVNtoWOKE @CryptoStache Namecoin was actually created in 2011 (by Vincent Durham), although it was heavily bas… https://t.co/WbqtBwlQ8F

17 days ago

@CptnDuckman @EcryptoLee @getongab Depends on the definition...

@CptnDuckman @EcryptoLee @getongab Depends on the definition of interoperability. Namecoin is interoperable with DN… https://t.co/CTlZm4oOdB

17 days ago

@maciejsoltysiak @getongab @GoDaddy @realDonaldTrump @parsca...

@maciejsoltysiak @getongab @GoDaddy @realDonaldTrump @parscale @OpenNIC Note that accessing Namecoin via public DNS… https://t.co/krOn0L1Rm0

17 days ago

@CogentConch @serhack_ @monero @masteringxmr @anhdres Nameco...

@CogentConch @serhack_ @monero @masteringxmr @anhdres Namecoin is interoperable with DNSSEC, so I would expect Open… https://t.co/J11tvqp9jI

17 days ago

BCH “is Dead” and BSV is a “Worthless Shitcoin,” Bitcoin.org Founder Says

Bitcoin Cash, the altcoin created after Bitcoin’s fork in 2017, could already be in the process of dying. So said Cobra, the controversial and anonymous creator of Bitcoin.org and Bitcointalk.org. In a tweet published yesterday, Cobra referred to Bitcoin Cash as a failure, pointing out that it is a dead project, with no real leadership or purpose. He said that if the project continues like this, in a few years it will have a value of 0% and becomes another one of the altcoins forgotten by cryptoverse. Bitcoin Cash is dead. Needs new leadership and direction/purpose otherwise it'll be worth $0 in a few years. — Cøbra (@CobraBitcoin) January 18, 2019 Cobra’s prediction is not something strange in the history of cryptocurrencies, in previous years, highly reputable altcoins with a considerable trading volume have disappeared precisely for the reasons stated in the prediction for Bitcoin Cash. Famous crypts such as Peercoin, Namecoin, Bitshares or Feathercoin, once dominated the scene, ranking in the top 10 of the global market cap are considered today as dead. Cobra mentioned that the lack of reliable leadership in Bitcoin Cash is one of its failures. From his point of view, the longevity and solidity of Bitcoin make it unnecessary that its development revolves around a person or a group of developers. However, this is not the case when talking about altcoins like Bitcoin Cash. These new tokens need a solid team that can lead the community to consolidate the project in the right direction. Yeah, but Bitcoin Cash isn't Bitcoin. Bitcoin can survive with no leaders, but Bitcoin Cash is different and needs to be shown the way. — Cøbra (@CobraBitcoin) January 18, 2019 Cobra has been a rather controversial character in crypto verse. However, he has never refrained from expressing his opinions. From proposing the implementation of PoS as consensus algorithm for the Bitcoin (BTC) blockchain to supporting Bitcoin Cash and then announcing its death, Cobra’s ideas, no matter how contradictory they may seem, have always had solid foundations that support them. For those who think that “BSV is the real BCH,” Cobra also dedicated a few words on January 7th. His displeasure towards the project driven by the self-proclaimed “Satoshi Nakamoto” Mr. Craig Wright, is evident. Time to sell all my BSV. Worthless shitcoin. — Cøbra (@CobraBitcoin) January 7, 2019 Cobra’s pessimism is not surprising. By the end of the year, he warned about an imminent crash in Bitcoin Cash prices and the need to change the “incompetent leaders” who were at the forefront of the project. Bitcoin Cash is dying and urgently needs saving from its incompetent leadership. — Cøbra (@CobraBitcoin) December 17, 2018 So far none of the “leaders” in front of BCH or BSV have responded to Cobra’s words. The post BCH “is Dead” and BSV is a “Worthless Shitcoin,” Bitcoin.org Founder Says appeared first on Ethereum World News.

24 days ago

Monero Digital Asset Report: XMR Token Review and Investment Grade

Monero Digital Asset Report: Introduction Monero is a decentralized open-source cryptocurrency that focuses primarily on privacy and fungibility. The project aims to become electronic cash for a connected world. A key feature for Monero is enforced privacy by default, which makes it one of the best privacy coins available on the current market. Monero has strong community support and is popular among users who don’t want to share their transactions data with the entire world. However, privacy in the architecture of Monero blockchain comes with several drawbacks. Large transaction sizes and non prunable blockchain make the project less scalable, which is holding the currency back from widespread adoption. In addition to that, we see new competition arriving in the market with the improvements of Bitcoin privacy features, through the lightning network, and the development of Mimblewimble coins, which will be as private as Monero but much more scalable. With that said, Monero needs to focus on improving scalability; otherwise, it will lose market share to either new coins with better solutions or to old ones (like to a Bitcoin) which have a higher network effect. This report is the Initiation Report - our first deep dive into the performance and risk/reward factors. The analysis, verdict and accompanying grade reflect our opinion on the long-term value prospects of a given token based on the current state of project development and indicators of future commercial viability - they are not designed to be indicative of short-term trading opportunities. You can see a full explanation of how our reports are constructed and what they mean at the bottom of this page.’s Part One: The Business Case Monero Market Opportunities Monero wants to become a digital substitute for paper money. Paper money is hard to track and transactions with it can be entirely private. Based on this fact, Monero is targeting the entire market of global cash, which accounts for about $36.8 trillion of physical money (banknotes, coins, and money deposits in savings or checking accounts); this number can increase up to $90.4 trillion if we look at «broad money», which includes any money held in easily accessible accounts. During the recent economic crisis, the Shadow Economy expanded. The underground economy or the black market is the second largest economy in the world. As predicted by OECD, by 2020 shadow economy will employ two-thirds of the world workers. Black markets use mostly cash and try to never keep official records. Cryptocurrencies facilitate a transformation of the black markets; this will further support wider adoption of the private cryptocurrencies. However, privacy is not just for criminals. Privacy is one of the crucial aspects of any project that is aiming to become a mean of payments, a currency of the world. If your transactions are not private they may reveal sensitive business relationship; leak salaries, profit margins, and revenues; they may even enable targeted crime against wealthy people. Non private blockchains are not suitable for some common real-world business transactions, and private coins like Monero present a strong value proposition when it comes to market adoption and strong use cases. However, Monero is not the only project that recognizes the importance of privacy. Below is a table representing some of its key competitors. Competition in the Blockchain Space In general, Bitcoin is not considered a privacy coin. However, if you use coin-mixing protocols that are available on the market, it will be increasingly difficult to trace your bitcoins. Also with the development of lightning network channels Bitcoin fungibility is improving. The assortment of privacy features would make Bitcoin a serious threat to Monero if it was ever able to solve its scalability issues. Zcash, on the other hand, gives users two types of addresses: regular and shielded, which may sometimes result in information leaks about shielded transactions. In general, if privacy is not required most of the users will not use it, which will make shielded transaction suspect on their own. Dash also provides privacy features as an option. However, with the structure of Dash ecosystem, users should trust masternodes which are not always secure. It is unknown how many people control masternodes, and they appear centralized. Virtual private servers that they run from could potentially be compromised. The chart below shows the number of transactions of Monero and its competitors. On average all cryptocurrencies experienced a decline in the transaction number since Jan 2018. However, currently, what differentiates Monero from its closest competitor Zcash, is the higher number of transactions per day. This was not the case at the beginning of the year. The Number of Transactions Comparison The biggest threat to Monero might be connected with its scalability issues. As mentioned above, Bitcoin with its extensive network effect

25 days ago

Report: Merge Mining is the Solution to the Problems of Proof-of-Work

2018 highlighted that PoW is not entirely secure as it can facilitate 51% hacks of coins when attackers control the significant portion of a coin’s hashrate by double spending. Merge mining efficiently addresses this issue as all the work that miners do is mirrored across the chains that they mine coins. In so doing, miners get an opportunity to make profits by earning a secondary cryptocurrency alongside their own. Namecoin employed this mining concept after the BCH fork and has since become one of the most secure blockchains. (KE)

a month ago

Bitcoin History Part 5: A Wild Altcoin Appears

It’s hard to imagine a time before cryptocurrency exchanges were stocked with hundreds of digital assets. A time before the pejorative “shitcoin” had been coined and there was no such metric as bitcoin dominance. But travel back to late 2010 and that’s exactly what you’d have found: a cryptosphere in which BTC was the only coin in town. But all that was about to change. Also read: Bitcoin History Part 4: Casascius Creates Physical Bitcoins Namecoin Is First Out the Blocks The first altcoin to emerge following bitcoin wasn’t litecoin, peercoin or dash. Rather, it was a now obscure cryptocurrency called namecoin (NMC). It was unveiled on the Bitcointalk forum on April 18, 2011, with a mandate that read quite differently from that of BTC. Compared to the many identikit alts that sprung up in the months to follow, NMC began life with novel intentions. “Namecoin is a naming system based on bitcoin with a few modifications,” explained its [announce] thread, utilizing a formula that is today known as an [ANN]. “This is a new blockchain, separate from the main Bitcoin chain. Name/value pairs are stored in the blockchain attached to coin ... Names expire after 12000 blocks unless renewed with an update.” Curiously, but perhaps not surprisingly, the inspiration for Namecoin came from Satoshi himself, though he had no hand in its development. Four months earlier, Bitcoin’s creator had essentially conceived the idea of Namecoin, writing, in a thread titled “BitDNS and Generalizing Bitcoin,” “While you are generating bitcoins, why not also get free domain names for the same work? If you currently generate 50 BTC per week, now you could get 50 BTC and some domain names too.” Satoshi went on to explain a technical proposal involving merkle trees that would eventually form the basis for Namecoin. Moreover, Namecoin’s goal of serving as a decentralized domain registration system may have been partially inspired by Satoshi’s own experience of purchasing the bitcoin.org domain in 2008. With no anonymous cryptocurrency with which to pay, he was forced to use anonymouspeech.com, which enables services to be acquired using gift cards. In April 2013, namecoin was the fourth most popular cryptocurrency based on market cap. What’s in a Namecoin? Today, namecoin is effectively a dead coin, despite still being listed on Poloniex and Livecoin. In its seven-year history, NMC has had its moments of glory, like the time it pumped to $15.41 per coin or 0.014 BTC in Nov. 2013. Or the time it hit $8.64 in January of this year, one final burst of nostalgia at a time when every shitcoin under the sun was pumping. By then, namecoin was already a dead coin, with its bitcoin value reaching just 0.0006 BTC per coin. Today, its 24-hour trade volume stands at $15,000 and Namecoin’s DNS naming system is dead in the water. That’s not to say NMC has been an outright failure, however. With over 2,000 cryptocurrencies now vying for supremacy, Namecoin can be credited with either starting the stampede or instigating the rot. Whatever one’s assessment of Namecoin and the plethora of altcoins that followed, NMC was pivotal in demonstrating that there is space in the cryptosphere for more than just one digital asset. Today there are multiple bitcoins and a panoply of shitcoins, but at a 97 percent reduction from its all-time high, Namecoin embodies the fate of all altcoins to date. As the history books show, Bitcoin is easily emulated but never bettered. Bitcoin History is a multipart series from news.Bitcoin.com charting pivotal moments in the evolution of the world’s first and finest cryptocurrency. Read part four here. Images courtesy of Shutterstock and Coinmarketcap. Need to calculate your bitcoin holdings? Check our tools section. The post Bitcoin History Part 5: A Wild Altcoin Appears appeared first on Bitcoin News.

2 months ago

@AnselLindner @JasonEbacher Namecoin is layered in the sense...

@AnselLindner @JasonEbacher Namecoin is layered in the sense that it's merge-mined with Bitcoin. If you're talking… https://t.co/Uj3AA7NDV7

2 months ago

@pennykoin1 Not sure what you're talking about; Namecoin was...

@pennykoin1 Not sure what you're talking about; Namecoin was indeed forked from the Bitcoin codebase. In fact it w… https://t.co/etTKRbCdJN

2 months ago

Uganda to Regulate Cryptocurrency as Fake Bitcoin Schemes Surge

Uganda will seek to regulate crypto assets to prevent criminals from exploiting digital currencies to scam citizens. This comes as thousands of Ugandans have fallen victim to a number of Ponzi schemes, including the D9 Club, which promised to pay members in bitcoin. Minister of State for Finance (Planning) David Bahati said the government has now finalized a bill on national payments, which will be tabled in parliament for approval in December. Also read: Venezuela Approves Law Granting Legal Effect to the Petro Legislators Call for Regulation “In October, Cabinet approved the National Payment System Bill. We intend to bring it to parliament next month so that it caters for all these forms of digital financial transactions,” Bahati told the Ugandan parliament on Nov. 21. He was responding to concerns by lawmakers over the lack of regulation in the eastern African country’s growing cryptocurrency industry, which has spawned several counterfeit bitcoin schemes. Bahati did not provide specific details about how the proposed law will be applied. Earlier, Mathias Mpuuga, a member of parliament (MP), took the finance minister to task, demanding an explanation about the existence of unregulated cryptocurrency dealers, such as one Telex Free, a pyramid scheme accused of allegedly fleecing Ugandans out of hundreds of thousands of dollars. He alleges that the scheme defrauded some Ugandan legislators as well. “There are several agencies posing as cryptocurrency dealers such as ripcoin, namecoin and bitcoin. The challenge is that while this is taking place, there is no legal framework for supervising these players,” Kampala-based daily The Independent quoted Mpuuga as saying. He exhorted the government to see unregulated virtual currency brokers as “a potential bomb” that warrants state intervention to help protect individual investors. Mpuuga demanded: If there is no law but you are aware there are agencies operating in the country, who must answer should a problem arise? Can government at least tell the country (who) the cryptocurrency dealers operating (are). Pyramid Schemes Rising In Uganda, the adoption of cryptocurrencies and blockchain technology continues to grow. In October, Binance — the world’s biggest digital asset exchange — opened its first fiat-to-crypto trading platform in the country, reportedly amassing 40,000 sign-ups during its first week of operation. That’s despite warnings by the Bank of Uganda against the use of unregulated digital currencies such as bitcoin. The country of 44 million people hosts blockchain conferences and is home to a number of associations, ostensibly with support at Cabinet level. But Bahati said the government has not “officially approved” cryptocurrencies. He told parliament: The central bank issued a statement that bitcoin and all related currencies are not under their control. We are cautioning the public to be aware that government has not officially approved such currencies. Government will next month present a bill to this effect. His statement will be of little comfort to those who have lost money in shady bitcoin schemes such as the D9 Club. The Ponzi scheme, now collapsed, posed as a sports trading company, promising members hefty weekly payouts in bitcoin on initial investment of between $250 and $2,000. For many Ugandans, joining cost an arm and a leg, as MP and lawyer Odonga Otto knows all too well. “I am currently privy to a case in court of one of the pyramid schemes called D9 that has defrauded many Ugandans, including some MPs, yet there is no legal regime in which people can claim their money,” Otto said. It is unclear how much money Ugandans have lost in the scheme. What do you think about the plan to regulate cryptocurrencies in Uganda? Let us know in the comments section below. Images courtesy of Shutterstock. Express yourself freely at Bitcoin.com’s user forums. We don’t censor on political grounds. Checkforum.Bitcoin.com. The post Uganda to Regulate Cryptocurrency as Fake Bitcoin Schemes Surge appeared first on Bitcoin News.

3 months ago

Giacomo Zucco Exclusive Interview (Complete and Uncut)

In his exclusive interview with Crypto Insider’s Vlad Costea, Italian Bitcoin maximalist Giacomo Zucco has been very talkative and open about his beliefs. He took his time to explain his vision for The B Foundation, he provided precious details about his personal definition of Bitcoin maximalism, and was even kind enough to rank the top 20 cryptocurrency projects on CoinMarketCap. In between, Mr. Zucco has also expressed his view on the cryptocurrency community at large and how the libertarian ideals were never dissolved by greed. The interview itself is 97 minutes long and does exactly what Giacomo Zucco suggests: it lays down the ideas that he never seems to find the time to write down in articles. It’s a collection of fascinating opinions on the current state of the cryptocurrency market and community, and it’s very likely that some moments will become a point of reference in the future. Enjoy watching this charismatic Italian deliver an entire marathon of arguments for Bitcoin maximalism! Attached you will find a complete transcript: Vlad: Hello this is Vlad and welcome to the Interview of Crypto Insider! Today I’m going to be talking with Giacomo Zucco who is a well known Bitcoin maximalist and one of the few people who embraced the label of being a maximalist despite all the bad meanings that it might have. And that’s something that we’ll be discussing today, so hello Giacomo! Giacomo Zucco: Hi everybody! We’re not so few, I mean there are a lot of people that are self labelling maximalist but, yeah. Vlad: It seems to me like a derogatory term on Twitter, and some people appropriate the idea and say “you know I’m also a maximalist but at the same time I also believe in Monero or in Litecoin or whatever”. And I remember the last episode of Magical Crypto Friends which is with Charlie Lee and Fluffy Pony, Whale Panda, and Samson Mow, and at some point they all said “you know we are all bitcoin maximalists in the sense that we want bitcoin to succeed and we want it to be the best coin but we don’t want it to be the only one, or not necessarily”. So do you think there are layers to being a maximalist? Giacomo Zucco: There certainly are because the term itself was created in a derogatory form from Vitalik Buterin and others in order to represent these approaches as wrong. So it was some kind of blockchain slang and some of us adopted that in order to diffuse their rhetorical attempt. So now everybody is using the term in different ways. I tried to give a presentation about a very very scary street definition of maximalist with a lot of bad connotation in order to try to prove that even that very very scary cult like definition of maximalist is actually very very close to what a cautious approach would be to this ecosystem. So yeah there are Fluffy Pony and Charlie Lee are people who are contributing somehow to bitcoin so in a way I would say they are defintiely bitcoiners. I tend to use the term maximalist in order to imply that I really do not think that altcoins can succeed in general. So while I’m not sure that Bitcoin will succeed, I’m kind of sure, as sure as I am as other things like that small private internet that you create in your garage is not going to take over the internet very very soon. In that same way I’m sure that altcoins cannot be sustainable and deliver what they promise. While bitcoin could very well fail itself. From a destitute point of view, I am like a fifth morning maximalistmeaning that I recognize right now that the USD unfortunately is the kind of money that people is using. It sucks because it’s manipulated and inflated and difficult to transmit over the internet without third parties and third parties can sensor you and spy on you and track you they can enforce KYC/AML mafias. So it’s a bad situation but that’s the reality. Bitcoin could, maybe overthrow that. I hope that it will. And I think there are very very good chances it will. While altcoins by definition I think they cannot succeed. Vlad: I remembered last week I had an interview with Jimmy Song and he had a controversial statement that it’s a good idea to spend with you credit card and then pay with bitcoin that you have. Do you think that up to this point it’s a better idea to actually use fiat for your purchases and save your bitcoin just for emergency spending? Giacomo Zucco: Yea I completely agree. Actually in the presentation of Riga about maximalism I included also this part. So I argued these points in a satirical and sarcastic way but also serious in a way with some nuances, I argued first my position about altcoins and that they cannot succeed. Basically, altcoins are a scam in very loose definition of the term for some, and a very strict definition of the term for others. The second point was that any important change to the base rules of bitcoin is also something that we should reject and we should basically not accept. And the third point was about spending. I simplified version of wh

3 months ago

New York Times' Allegation of Saudi Intelligence Targeting N...

New York Times' Allegation of Saudi Intelligence Targeting Namecoin Developer Is Consistent with 2013 Reporting by… https://t.co/1wrwGrMT5s

3 months ago

Bitcoin Turns 10: A Decade Of Transformation, Upheavals And Everything In Between

On this day in 2008, the world was introduced for the first time to a peer-to-peer digital currency called Bitcoin by the pseudonymous Satoshi Nakamoto. At the time, very few would have anticipated that the digital currency would gain traction, let alone revolutionize the entire financial services industry. In ten years, Bitcoin has become a household name and is inching ever closer to Nakamoto’s vision of creating a trustless society. It hasn’t been without its mishaps however, with some even threatening to cripple it and even wipe it out altogether. However, Bitcoin has grown stronger and has spearheaded the growth of a $200 billion industry. The Good, The Bad And The Incredible It all started with the release of the Bitcoin whitepaper which would become the Magna Carter of many digital currencies that came after. Initially, only a few technophiles knew of its existence and the transactions on the Bitcoin ledger, which was private then, were very few. Bitcoin grew very slowly in its first years, with the first real-world Bitcoin transaction being the purchase of two Papa John’s pizzas in May 2010. The two pizzas were purchased for two bitcoins which given Bitcoin’s price today, values them at $63 million! Having been valued at mere cents when it was launched, it began to appreciate in value gradually and in 2013, it hit just over $1,000. Expectedly, this caught the attention of many who begun purchasing the crypto. However, the market corrected and it would be four years until it would hit the milestone again. With the rise of Bitcoin, other programmers and developers recognized an opportunity and this led to the emergence of other cryptocurrencies. Among the earliest is Litecoin, referred to by its founder, Charlie Lee, as the ‘silver to Bitcoin’s gold.’ Other cryptocurrencies that emerged during the early days are Namecoin and Swiftcoin. In its early days, Bitcoin was a hit with criminals who took to it thanks to its relative anonymity. It was thus used on the dark web to pay for all sorts of illegal goods and services. One of the earliest such markets is Silk Road which has since then been shut down. As revealed by an FBI agent earlier this year, criminal activities accounted for 90 percent of Bitcoin’s volume in its early days. It was hence rightly branded as a currency for criminals and efforts were initiated to halt its use. Despite having been around for eight years, it was towards the end of 2017 that Bitcoin took off. Having begun the year at just under $1,000, Bitcoin skyrocketed by 1,900 percent to its record high which was just shy of $20,000. At its peak towards the end of the year, Bitcoin’s market capitalization stood at $330 billion. This made it bigger than all U.S banks except J.P Morgan Chase, a great achievement for an asset that had been dismissed severally before as only good for criminals. Over the ten years, the number of merchants and organizations that have started accepting Bitcoin has risen greatly. Some of the early adopters include online retailers Overstock.com and Newegg, social games developer Zynga, travel services giant Expedia and tens of other smaller neighborhood joints such as pizza and coffee shops. Some of them, such as Expedia, have however dropped Bitcoin as a payment method owing to its volatility. The number of exchanges has also risen greatly and is currently estimated to be way above 500. CoinMarketCap only lists 207, but there are hundreds of regional exchanges, peer-to-peer exchanges and dark web marketplaces that are not accounted for on the list. The first Bitcoin exchange is thought to be the now-defunct BitcoinMarket.com which started operating in March 2010. Crypto exchanges have since then grown to multibillion-dollar businesses, making billions of dollars a year. The future looks even brighter for Bitcoin. With the first ten years having been majorly about becoming popular and setting up the foundations, the next decade will see better regulation and mainstream use. Onwards for Bitcoin! The post Bitcoin Turns 10: A Decade Of Transformation, Upheavals And Everything In Between appeared first on NullTX.

3 months ago

@D93Nicolas @nic__carter @crypt0cranium @NakamotoInst Yes, N...

@D93Nicolas @nic__carter @crypt0cranium @NakamotoInst Yes, Namecoin can be used for that. However, there are priva… https://t.co/AWAczwgSyk

4 months ago


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