The Tender For Law

Volume 5

Mar 31, 2014 8:27 AM

Scott Duncan

REQUIRED READING for the next phase.

Namecoin - Wikipedia, the free encyclopedia

en.wikipedia.org

Namecoin (sign: ?; code: NMC) is a cryptocurrency which also acts as an alternative, decentralizedDNS, which would avoid domain name censorship by making a new top level domain outside of ICANN control, and in turn, make internet censorship much more difficult, as well as reduce outages.[3][4][1][2]...

Read Comments

David Vilaca

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]

Eamonn O Brien

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?...

Eamonn O Brien

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...