Post
Topic
Board Announcements (Altcoins)
Re: [announce] Namecoin - a distributed naming system based on Bitcoin
by
PrimeHunter2023
on 25/07/2024, 10:53:10 UTC

Good choice!

If you take a look at this Metrics report, you'll see all eight 24-hour periods in which Namecoin hashrate exceeded Bitcoin. https://metrics.namecoin.org/namecoin/period-timestamps-1-days/pool/charts/gt_parent.txt

The only consecutive 2-day period on that report is 12-13 November 2017. That was when BCH got into a hashwar with Bitcoin, with the purported goal of BCH being to prove that with more hashrate, it was the "real Bitcoin". Since Namecoin can use both Bitcoin and BCH as a parent chain, Namecoin wound up with a higher hashrate than either Bitcoin or BCH during those two days. When I tweeted about it, Samson Mow from Blockstream noticed my tweet and commented "Oh crap, now Namecoin is the real Bitcoin." So yeah that's what the shirt design is referencing -- a cool historical event in which Namecoin's ability to use multiple parent chains got demonstrated in practice.

The high price for the jackets is just because TeeSpring charges us a lot for those. That design is available on other products if you want something mildly cheaper. E.g. https://namecoin.creator-spring.com/listing/real-light-1482?product=389


Thanks. As an aside, it seems like there should be a way for individuals to mine nmc using their own computer without merge mining.

There is speculation that this crop of recent digital currencies, btc etc,  were begun to prep people for CBDCs which will allow governments to issue unlimited currency by moderating monetary velocity. If you double the money supply and halve monetary velocity then no inflation. One way monetary velocity is controlled in digital currencies is to lock coins up for staking.

So if nmc added a staking mechanism it would both incentivize individual mining and prep people for the final descent into Orwellian hell.




Mikhail Sindeyev, Aaron Swartz, Dan Kaminsky...

Nuff said.