Some users understandably get spooked by Namecoin needing a native "NMC" token, rather than directly mining for names or using BTC somehow.
It would be good to have a FAQ entry that explains:
- Why you can't mine for names directly? (A: because not everyone has ASICs)
- Why can't Namecoin use Bitcoin as the native unit of account (A: because two-way pegged sidechains are very hard)
Some users understandably get spooked by Namecoin needing a native "NMC" token, rather than directly mining for names or using BTC somehow.
It would be good to have a FAQ entry that explains: