2014-03-09

Domain Names, Cryptocurrency

Connect the Dots . . . .

Bitcoin Itself May Live or Die, but Cryptocurrencies Will Live On | MIT Technology Review: "....Most interestingly, cryptocurrencies can be used for purposes other than those that conventional currencies fulfill. For example, Namecoin is a system used to create and exchange domain names: the coins contain information about the domain names themselves. Recall that the domain name market has about $3 billion in revenue per year: it’s a good example of a weird, scarce digital resource. And Bitmessage is a Bitcoin-inspired messaging platform that allows for anonymous (or at least pseudonymous) communication. What Namecoin and Bitmessage share is that they allow data to be added to the transaction, making the exchange one not just of perceived value but also of information...." (read more at the link above)




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