Namecoin

There was also like a collection of Japanese model pictures that was posted on Counterparty, which was promotional for I don't know exactly what, but it was kind of popular.

And then it all went to Namecoin, which is the original altcoin.

Satoshi sort of co-founded that one, gave some input.

Yeah.

And whether or not it reaches that depends on whether or not the miners it up or take it down and so that's bit 300 the idea is that once it counts to the high number you're able to authenticate a specific transaction that brings back all the coins to the main chain from a side chain that's bit 300 and then there's bit 301 which is how you mine on on these side chains and it's technically optional but uh yeah So ECache is adding those changes and forking the chain.

So in other words, e-cash is the introduction of layer twos that are merged mine the way that Satoshi gave us a layer two in the example of Namecoin, which is a merged mine side chain, we now call it, or now drive chain, which is a merged mine blockchain that is merged mine alongside Bitcoin.

And you can move your Bitcoin or now your e-cash the October fork, move your e-cash from the main chain L1, which is a copy of core, to whatever side chain you want.

And you can go back and forth.

Yeah, exactly.

Yeah.

The one distinction is that I know, for example, like Namecoin is merge mind.

This is blind merge mind.

You know, I mean, Shiva didn't launch until 2020.

My first three crypto investments were Bitcoin, Namecoin, and Litecoin.

Those were the very first three cryptocurrencies that ever launched in the existence of crypto.

Namecoin? Yeah, Namecoin.

What happened to that? Yeah.

Last time I looked it up on CoinMarketCap probably a year ago, it was like a 700K market cap.

You know, if you're buying it at $8, you want to sell it at $12.

You know, you want to make some money.

It's been around since about 2014.

Namecoin was merged mined with Bitcoin.

So one of the earlier kind of forms of merged mining that took place.

And Satoshi's talked about it directly on how blockchains can reuse work across those.

He's talking about BTC with the one megabyte block size.

But we're going to have Namecoin, we'll have, or what he, it was BitDNS before it was called Namecoin.

And then maybe it'll have lower fees, and then there'll be, like, the next dozen or so unrelated networks.

He's talking, like, there'll be all these different networks, and they'll all be, you know, They'll all be merged mined, which is, again, something that we support.

I think that you have to give people what they want.

And to some extent, Bitcoin has been number one the whole time.

First of all, we have Bitcoin and Namecoin have been merged mined ever since 2011.

But you don't hear about it that much.