Post
Topic
Board Announcements (Altcoins)
Re: [announce] Namecoin - a distributed naming system based on Bitcoin
by
SinbadGuthrie
on 16/09/2020, 03:14:33 UTC
Well, if it comes to BTC-e I highly recommend to head over to the thread Status of WEX (World Exchange Services). As known WEX was/is the successor of BTC-e, this time the wallets got seized by the Russian FSB, "just" between 400 mio and 500 mio USD disappeared to nowhere. This time the Hollywood story is that Konstantin Maloveef, the co-founder of WEX, would have hired same former FSB agents, rented a room in the official building of the FSB and blackmailed Alexey Bilyuchenko, the so called "red admin", to encrypt and hand over the main cold wallets. The truth is that there are "just" ongoing investigations agains the ransomware spreaders which hijacked computers all over the world and which where washing their "income" on WEX, beside other financial activities of the Al-Qaeda terrorists. The recovery plans for WEX are going on. Namecoin was one of the emergency exits, so one of the last enabled withdrawals and not seized wallets until the final shutdown. I can confirm that there are several wallets at the Namecoin chain with several million coins (I can list them if requested), and sure, crypto exchanges are getting into the focus of political issues from time to time as can be seen in the WEX case, but I don't think that Namecoin would be really in the focus of any Government - especially as a guy called "Jeremy Rand" alias biolizard89, even proud of suffering the Asperger's syndrome (means: socially complete incompetent to be very polite now), consequently corrupted the whole project for his personal hobby studies and thus any browser plugins resolving .bit domains don't work anymore. But Namecoin will also recover from this episode!

I’ll be back!

First, regarding Aspergers, of course it is one more fictional illness meant to provide a way to make money from its fictional treatment. There are not a lot of tests I have scored 100% on, but I did it on the Aspergers test. So if biolizard has that fictional illness too, I wish him well.

Regarding Namecoin, there is one huge thing that it seems like everybody ignores.

It was the second cryptocurrency and the only cryptocurrency other than bitcoin that Satoshi worked on.

The crypto economy is entirely bogus, but even bogus things are based on something.

In this case, there is a celebrity, Satoshi Nakamoto, who is a major anonymous figure in the public view.

He created bitcoin, and while he was doing that he helped start Namecoin, which was the first coin that followed bitcoin.

All of the Russian spies and FSB and CIA and hundreds of other little bands of local mafias utterly control the coin economy. So it isn’t a real economy. But it’s sort of like a game of musical chairs where you listen carefully to the music, always ready to make a quick exit when the music ends.