I've been pondering what the potential value of a Namecoin is;
Let's assume for a moment that Namecoin + a .bit domain is on par with a normal domain, and someone who pays $7 a year for a .com domain (with no extras) will pay $1.59178 to update their .bit domain every 83 days
83 (update period)/365 = 0.2273972602739726 * $7 = $1.591780821917808 per 83 days
0.01 NMC = $1.591780821917808
$1.591780821917808 * 100 = $159.1780821917808
Or did I accidentally drink that bottle of Turps instead of Water and my brains now ams teh failz?
Is the future: 1 NMC = $159.178?
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Re: Is the future: 1 NMC = $159.178?
The math sounds right to me, but it does depend upon .bit catching on and people using the DNS. So we'll just have to wait and see....
If I helped you out:
BTC: 1LabGXUN3rDgKpFrwG3zqh22UK11JEg5bb
NMC: N8ujgSozU4ctR2kDKiGMBVSysCtVKMGGdh
BTC: 1LabGXUN3rDgKpFrwG3zqh22UK11JEg5bb
NMC: N8ujgSozU4ctR2kDKiGMBVSysCtVKMGGdh
Re: Is the future: 1 NMC = $159.178?
Since it's linked to BTC, I think it'll catch on fairly easily. Difficulty is increasing rapidly, and the price is going up too.
But probably the most important thing to help adoption would be a GUI.
But probably the most important thing to help adoption would be a GUI.
Re: Is the future: 1 NMC = $159.178?
The calculated price depends on people agreeing to pay same amount for a .bit domain than another domain. Why would they pay their domain 7$ if it costs you 0,0002% of a block ? They will pay for services instead, and that may not change the NMC value.
But you are right, NMC value will continue to increase :p
We can see with that that BTC is over evaluated : 10/11$ a domain ! BTC will push NMC value up, and prohibitive domain costs will push BTC value down. I let you chose which one will win :p
But you are right, NMC value will continue to increase :p
We can see with that that BTC is over evaluated : 10/11$ a domain ! BTC will push NMC value up, and prohibitive domain costs will push BTC value down. I let you chose which one will win :p
NamecoinID: id/khal
GPG : 9CC5B92E965D69A9
NMC: N1KHAL5C1CRzy58NdJwp1tbLze3XrkFxx9
BTC: 1KHAL8bUjnkMRMg9yd2dNrYnJgZGH8Nj6T
Register Namecoin domains with BTC
My bitcoin Identity - Send messages to bitcoin users
Charity Ad - Make a good deed without paying a cent
GPG : 9CC5B92E965D69A9
NMC: N1KHAL5C1CRzy58NdJwp1tbLze3XrkFxx9
BTC: 1KHAL8bUjnkMRMg9yd2dNrYnJgZGH8Nj6T
Register Namecoin domains with BTC
My bitcoin Identity - Send messages to bitcoin users
Charity Ad - Make a good deed without paying a cent