Search found 4 matches

by foreverD
Mon Nov 28, 2011 9:22 am
Forum: General Discussion
Topic: Registering is too cheap
Replies: 18
Views: 13820

Re: Registering is too cheap

Here are some possible solutions to this problem: 1. Temporary update rights transfer to another address, while keeping ownership rights. This will encourage people to rent out the domains they are sitting on, rather than simply parking them. 2. BTC/NMC trading hard-wired into both block chains thou...
by foreverD
Fri Jul 15, 2011 10:12 am
Forum: General Discussion
Topic: How Currencies Work 101
Replies: 7
Views: 5868

Re: How Currencies Work 101

Full title should be "How Currencies Work 101: Why 1. A currency MUST have a central authority that manages its implementation I love it when people throw around words like MUST, WILL, and INEVITABLY based on opinion and conjecture, with neither hard empirical evidence not conclusive arguments to b...
by foreverD
Fri Jul 15, 2011 1:57 am
Forum: Project direction
Topic: Renting Names
Replies: 5
Views: 6279

Renting Names

Idea: Transactions where you can selectively transfer rights to namecoin addresses. For example: name_transfer_updaterights d/name NGZs7UndoWgpfTstoxryYEW8b1GtDLPwMa the owner of the recipient address can now use name_update on this name, however he cannot transfer the name itself to another address...
by foreverD
Fri Jul 15, 2011 1:37 am
Forum: General Discussion
Topic: My concern with the namecoin project
Replies: 5
Views: 5774

Re: My concern with the namecoin project

Storing data in a block chain is extremely expensive per MB. Why would anybody use a block chain to permanently store "evil data" when they can do this on Usenet for a fraction of the cost? Or in the classifieds of a print Newspaper for that matter? The only reason anyone would do this is to deliber...