Post
Topic
Board Announcements (Altcoins)
Re: [announce] Namecoin - a distributed naming system based on Bitcoin
by
PrimeHunter2023
on 20/02/2023, 18:48:48 UTC
A general suggestion for Namecoin.

Create three hardforks which can all use the same wallet if somebody has all three blockchains.

Fork 1 Classic Namecioin.
No different than the current one except it has a button that says "clone/fork" and when you press it there is a pop up that says "Would you like to create a clone with a new genesis block, or fork at a certain block?"

Fork 2 New Namecoin
A fork of classic with all existing coins reduced by one or two decimal points, and an increasing emission curve which would solve the massive problem 'satoshi' created without confusing everybody the way freicoin did.

Namecoin's distribution is not as bad as bitcoin or ethereum but because there are large holders in Eastern Europe, a decimal point shift would reduce the pressure put by the U.S. on exchanges to not list Namecoin.

Fork 3 Fair Namecoin
New genesis block but with an updated emission curve to create a fair economy.
Start with a 1 million coin donation to a charity to create an initial supply for traders. Make sure the trading algorithm the charity uses is fully public, like place 10k coins at every decimal, and when a lot sells place a buy order at 70% of that level with 95% of the money and use the remaining 5% to feed elephants.

This thread is largely populated with clever saboteurs, but Namecoin could be an important coin if it were made practical and useful.

Most of the commenting on the thread is stupidity. For example the whole profit aspect of coins is that you buy coins and squat on them until you can sell them for a profit. Coin squatting, keeping coins without trying to use them, is the toxicity of coin economies. Squatting on .bit names is quite a bit riskier but if somebody can do it profitably they are smarter than a coin squatter.

Traderunner and others who actually try to do something, whether or not you like their subproject, are ultimately driven away by the morons who appear to be trying to sabotage the coin.