Post
Topic
Board Announcements (Altcoins)
Re: [announce] Namecoin - a distributed naming system based on Bitcoin
by
biolizard89
on 23/08/2020, 20:11:29 UTC
Looking at today's Coinmarketcap and amazed at all these new fashionable coins ... newcomers who come to this market now do not even know about such veterans as Namecoin... once this were very promising coin.

It's not particularly surprising that newcomers to cryptocurrency don't have much interest in Namecoin.  Namecoin is derived from the culture that permeated the Bitcoin community in 2010-2011, which was a culture that was here for the tech, not to make easy money.  Today's cryptocurrency culture doesn't look much like that (sadly), so Namecoin is of little interest to them.  On the other hand, there's plenty of interest in other areas, e.g. in the Tor community.  Even a bit of media coverage now and then.

Real cypherpunks don't worry about whatever market fads are en vogue now.  Cypherpunks write code.

It is very disappointing that no one needs coins that represent real technology ... people invest in DeFi without even thinking that in a month everyone will forget about these projects.

It's disappointing to some extent, yes.  But, there are upsides too: you generally don't need to worry about dealing with rampant scammers in the Namecoin community nearly as much as you do with Bitcoin, because scammers don't see Namecoin as an effective way to make money.  I really liked the Bitcoin community of 2011 (I first learned of Bitcoin in November 2010, and made my first Bitcoin purchase in early 2011).  Namecoin is a reminder that the culture of 2011 Bitcoin still lives on; perhaps that's one reason why I enjoy working on Namecoin so much.  (Sure, at some point we'll get big enough that rampant scammers will start invading, and that'll arguably be a good problem to have, but for now I'm quite happy with the community we have.)