Could Turkey's Twitter ban push citizens to Namecoin?
Prime Minister Tayyip Erdogan recently banned Twitter in Turkey after the network refused to remove tweets linking to incriminating recordings and documents directly involving him. After vehemently denying the validity of these documents, Erdogan announced on March 20 that following a court order, Twitter would be disabled in the country. "We'll eradicate Twitter," he said. "I don't care what the international community says. Everyone will witness the power of the Turkish Republic." This resulted in what's been referred to by Forbes as the Streisand effect, whereby an effort to cover....
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With more and more things becoming digitalized, intellectual property rights are straggling behind. Monegraph is one way users can stay current in this digital age, borrowing the Namecoin blockchain for the purpose of storing URLs. Monegraph, short for monetized graphics, allows you to confirm that digital images that are yours are actually indeed yours. It takes advantage of the blockchain which is normal for verifying currency, and adapts it to verify ownership of images. It is extremely easy and cheap to get started, one must first own a twitter and a Namecoin client. Once signed into....
Michael Dean is host of the Freedom Feens podcast, but more importantly, he was one of the earliest (and loudest) advocates of Namecoin as a decentralized DNS system. But according to Dean, Namecoin has not taken off as he'd hoped, nor will it ever. Why? “It's a pity, because these guys are all absolutely brilliant computer scientists, but they have zero idea how to spread something and get adoption.” Dean told CoinTelegraph where he thinks Namecoin went wrong, what developers of other crypto projects should learn from their mistakes, and his own idea of a decentralized DNS alternative.
Bitcoin and digital asset exchange Kraken has ceased Namecoin trading form the exchange after determining that the currency did not warrant the effort to continue support due to low trading volumes. Kraken has revealed that it will not continue to keep or support Namecoin, following an assessment of supported coins in its exchange prior to making certain technical upgrades. A blog post by Kraken explains that the exchange had to “reassess which coins were worth keeping and which would be worth the additional effort to continue to maintain.” In making the assessment, it was determined that....
As of 2020, Turkey had high crypto adoption rates. Statistics showed that the country had one of the highest exposures to cryptocurrencies worldwide. The polls indicated that about 16% of Turkish citizens had used or owned cryptocurrencies. The reason for this high volume can be attributed to an unregulated environment that had been thriving for years. […]
The Republic of Turkey’s economy and the country’s native fiat currency the Turkish lira continue to experience turmoil as inflation has risen to 36%. Since this time last year, the lira has lost 44% of its value against the U.S. dollar. Meanwhile, the use of stablecoins in Turkey has skyrocketed and today, 28.96% of all trades with tether are paired against the Turkish lira.
Inflation in Turkey Rises to the Highest Level in 19 Years, TRY Is Tether’s Top Pair Capturing 29% of All Trades, TRY Commands 7.20% of BUSD Trades
Reports from the....