Namecoin NMC

Market Cap $ 7.358 MM (#276)
24h Volume $ 10.461 K
Chg. 24h: 1.22%
Algo. score 3.0/5  (#542)
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Namecoin News

@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…

an hour 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…

2 hours 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’s user forums. We don’t censor on political grounds. The post Uganda to Regulate Cryptocurrency as Fake Bitcoin Schemes Surge appeared first on Bitcoin News.

15 days 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

a month 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…

a month 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 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 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.

a month ago

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

@D93Nicolas @nic__carter @crypt0cranium @NakamotoInst Yes, Namecoin can be used for that. However, there are priva…

2 months ago

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