when I buy a .bit using namecoin, who gets the nmc ?

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gbruhin
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Joined: Sat Jul 02, 2016 12:21 pm
os: windows

when I buy a .bit using namecoin, who gets the nmc ?

Post by gbruhin » Sat Jul 02, 2016 12:26 pm

Hi,

When I buy a .bit using namecoin, who gets the nmc ?
The miner gets the fees, but what about the nmc spent for the name_new transaction, who gets these nmc are those burnt ?

Thanks Greg

domob
Posts: 1125
Joined: Mon Jun 24, 2013 11:27 am
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Re: when I buy a .bit using namecoin, who gets the nmc ?

Post by domob » Sat Jul 02, 2016 4:37 pm

Technically, the coins are "locked" in your name, but there is no way to get them ever "out" again - so yes, they are burnt.
BTC: 1domobKsPZ5cWk2kXssD8p8ES1qffGUCm | NMC: NCdomobcmcmVdxC5yxMitojQ4tvAtv99pY
BM-GtQnWM3vcdorfqpKXsmfHQ4rVYPG5pKS
Use your Namecoin identity as OpenID: https://nameid.org/

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