I've just read it briefly. Again not being very tech savvy my first presumption is that Namecoin will be used as a medium of exchange to set up a domain name for a bank? :(

I will read it again and again obviously...

It will replace/enhance the current DNS system. This means a government "kill switch" becomes impossible.

YOU will contribute and get paid for it.

Better than mining. All you have to do is leave your client running and you get paid.

Mhmmmm....this is becoming clearer

Gotta spend a bit of time educating myself about the machines! :)

You, and about a billion others. :)

:-D

Fuck, I knew it was about this DNS thing.... :-D

Removed this comment as I jumped the gun... :p

Banks don't need ME or taxpayers anymore , the machines control the banks, mertics fudged, stock markets flooded, paper dragons rule. /www.youtube.com/watch?v=F5KV-iaMKK0

https://www.youtube.com/watch?v=2ZUxoi7YNgs Short vid showing how the current DNS (Domain name system) works... :D

Proposed potential uses for Namecoin besides domain name registration include: Identity systems[9] Messaging systems[10][11] Personal namespaces[12] Notary/timestamp systems (note that this is not unique to Namecoin, other cryptocurrencies could implement this too)[13] Alias systems[14][15]

So my better educated than yesterday's guess is that we will be setting up a bank on the .bit domain server which is out of reach of regulatory bodies thus giving customers a guaranteed service with no chance of interference?...

Yes...AND using it PAYS you. :P

You can't compete with that.

Can I get some "Hellos"?

NNNOOOOOOO......fuck :P

How will their use of the bank benefit me? Fees? I'm trying to get a clearer picture of what we're doing... :D

Just thinking there, taking what I've learned into account. Banks only act as a currency exchange. If I have an online bank that's reserves are Dogecoin for instance, I can act as a currency exchange for customers... I may be totally off the mark there. Just thinking out loud...

Now accepting NameCoin MyiMebeqWG6nJukdTMAoU7EBVxLxRkWeJQ

https://wiki.namecoin.info/index.php?title=Register_and_Configure_.bit_Domains

I can see those 700,000 Bitcoins circulating in a Merry-Go-Round thru "new" banks, creating a serious mayhem in the obsolete banking system. Oh my! :D

You have no idea. I am a month from "press button to kill target".

:D

.

We are still gaving problems with this :/