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

Post Reply
gbruhin
Posts: 1
Joined: Sat Jul 02, 2016 12:21 pm
os: windows

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

Post by gbruhin »

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: 1129
Joined: Mon Jun 24, 2013 11:27 am
Contact:

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

Post by domob »

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/

Post Reply