Namecoin ATM

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virtual_master
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Namecoin ATM

Post by virtual_master » Thu Mar 20, 2014 3:14 pm

A lot of Bitcoin ATMs came out last time on the market.
I am asking if some of them could be configured to register namespace entries.
Selling Namecoins I guess most of them could do. Some of them are already supporting other altcoins.
What strategy should we adopt here ?
http://namecoinia.org/
Calendars for free to print: 2014 Calendar in JPG | 2014 Calendar in PDF Protect the Environment with Namecoin: 2014 Calendar in JPG | 2014 Calendar in PDF
BTC: 15KXVQv7UGtUoTe5VNWXT1bMz46MXuePba | NMC: NABFA31b3x7CvhKMxcipUqA3TnKsNfCC7S

kurt
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Re: Namecoin ATM

Post by kurt » Sat Mar 29, 2014 7:23 pm

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Last edited by kurt on Mon Jul 28, 2014 4:46 pm, edited 1 time in total.

virtual_master
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Re: Namecoin ATM

Post by virtual_master » Thu Jun 26, 2014 11:08 am

Something like Slyhook with 999$ would be ideal if it could be configured for Namecoin:
http://www.coindesk.com/skyhook-ships-1 ... tcoin-atm/
http://www.coindesk.com/skyhook-release ... n-atm-999/

For registering name entries on a physical machine would be more difficult to adapt an existing Bitcoin ATM but would have the advantage that it could work even in countries where a sales tax(20-30%) would apply and therefore an exchange machine from fiat to cryptocoin cannot work as business model as no exchange can add 25% to the actual price.
Buying Namecoin entries could avoid this as it would work like domain or id registrations.
Or they could even deposit fiat in a name entry which could be withdrew by another machine or by an online exchange - this could be different from a regulatory point of view then buying Bitcoins or Namecoins which could be considered like taxable final products. Of course a strong guaranty would be required in which people can trust - a trust system eventually with a financial institute.
I spoke with somebody from the Tembusu ATM and they are planning something similar but with Ripple and in a Western Union money transfer style - so keeping the fiat only short during the transfer between two ATMs. But it could work on Namecoin also and in a more flexible style.
http://namecoinia.org/
Calendars for free to print: 2014 Calendar in JPG | 2014 Calendar in PDF Protect the Environment with Namecoin: 2014 Calendar in JPG | 2014 Calendar in PDF
BTC: 15KXVQv7UGtUoTe5VNWXT1bMz46MXuePba | NMC: NABFA31b3x7CvhKMxcipUqA3TnKsNfCC7S

domob
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Re: Namecoin ATM

Post by domob » Fri Jun 27, 2014 5:44 am

In recent discussions with the local cryptoparty group, some have also shown interest in a simple way to get namecoins. This would be a very good thing to get Namecoin IDs with key fingerprints (for instance) more widely used. Note that I wouldn't even consider it a game-stopper if the ATM would have to add 25% in taxes - just putting in a 5 Euro note would get you namecoins for your whole family and the rest of your life, if all you want to do is register an id/ name.
BTC: 1domobKsPZ5cWk2kXssD8p8ES1qffGUCm | NMC: NCdomobcmcmVdxC5yxMitojQ4tvAtv99pY
BM-GtQnWM3vcdorfqpKXsmfHQ4rVYPG5pKS
Use your Namecoin identity as OpenID: https://nameid.org/

virtual_master
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Re: Namecoin ATM

Post by virtual_master » Thu Jul 10, 2014 9:08 pm

http://namecoinia.org/
Calendars for free to print: 2014 Calendar in JPG | 2014 Calendar in PDF Protect the Environment with Namecoin: 2014 Calendar in JPG | 2014 Calendar in PDF
BTC: 15KXVQv7UGtUoTe5VNWXT1bMz46MXuePba | NMC: NABFA31b3x7CvhKMxcipUqA3TnKsNfCC7S

indolering
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Re: Namecoin ATM

Post by indolering » Sun Jul 27, 2014 2:36 am

Namecoin's value comes is derived from it's utility as a naming system, not as a currency. An ATM wouldn't be a bad thing (I have a friend who is doing a Seattle Bitcoin ATM) but I'm 100% against devoting resources to this.

Going up against Bitcoin as a currency is suicide.
DNS is much more than a key->value datastore.

domob
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Re: Namecoin ATM

Post by domob » Mon Jul 28, 2014 5:41 am

indolering wrote:Namecoin's value comes is derived from it's utility as a naming system, not as a currency. An ATM wouldn't be a bad thing (I have a friend who is doing a Seattle Bitcoin ATM) but I'm 100% against devoting resources to this.

Going up against Bitcoin as a currency is suicide.
I agree with you (although it seems there are people pushing for Namecoin as a currency, but we shouldn't invest resources into that). However, I think that looking forward, it would be great to have an easy-to-use way for strangers to buy namecoins. Otherwise it is quite hard for a newcomer to actually register an identity or domain or whatever. An ATM (or support for Namecoin in existing ATMs) could help here.
BTC: 1domobKsPZ5cWk2kXssD8p8ES1qffGUCm | NMC: NCdomobcmcmVdxC5yxMitojQ4tvAtv99pY
BM-GtQnWM3vcdorfqpKXsmfHQ4rVYPG5pKS
Use your Namecoin identity as OpenID: https://nameid.org/

sudoquai
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Re: Namecoin ATM

Post by sudoquai » Wed Aug 13, 2014 12:08 pm

Hi,

i've spoken to the developer of http://bit.no.com. Maybe he has realized already what you are searching for.

He said at 06.07.2014:

Also I'm way too busy these days to start working on something like
that (currently finishing atm4coin.com [1], will be able to cash in

& out namecoin by next week; I also want to do an interactive name &
id registration module on the atm itself, under an additional
services category).

Could somebody confirm this, please ?

Best regards,

Sudo.
NameID: id/sudo.wonder >>> Namecoin @ Facebook: https://www.facebook.com/namecoin.org

sudoquai
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Re: Namecoin ATM

Post by sudoquai » Wed Aug 13, 2014 12:13 pm

domob wrote:
indolering wrote:Namecoin's value comes is derived from it's utility as a naming system, not as a currency. An ATM wouldn't be a bad thing (I have a friend who is doing a Seattle Bitcoin ATM) but I'm 100% against devoting resources to this.

Going up against Bitcoin as a currency is suicide.
I agree with you (although it seems there are people pushing for Namecoin as a currency, but we shouldn't invest resources into that). However, I think that looking forward, it would be great to have an easy-to-use way for strangers to buy namecoins. Otherwise it is quite hard for a newcomer to actually register an identity or domain or whatever. An ATM (or support for Namecoin in existing ATMs) could help here.
It's not suicide - it's a additional feature, which gives Namecoin higher attraction and adoption. Namecoin IS a cryptocurrency.

The same people, which use Namecoin as a currency know that they could USE this coin as well (and they will do that). Namecoin as a currency offers a intrinsic value because it can be used as a decentralized data storage as well (for example .bit domains).

The fact that Namecoin is not accepted widely (yet) by internet shops means nothing - this is possible in the future. There is no reason to argue agains, because Namecoin usage as a currency will for sure not harm the price or people which want to use Namecoin for .bit domains and /id only.

Best regards,

Sudo.
NameID: id/sudo.wonder >>> Namecoin @ Facebook: https://www.facebook.com/namecoin.org

tosh0
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Re: Namecoin ATM

Post by tosh0 » Thu Aug 14, 2014 6:37 am

Of course NMC should be another option in current atms, i see some manufacturers, btcpoint and bitcoinatm for example have LTC and doges, but no nmc. It may be because the wallet have problems facing the internet, namely lack of anti-dos and various vulnerabilities that can cause it to crash. Just like the last week crash of NMC wallet on ANX.
NMC: more stable than BTC!

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