Forget the Florin
Get rid of your Rupee
If you’ve got a yen for a Yen
To be Franc, you’ll be sorry…..
Drachma, Lira, Dinar, Dime
Their value changes over time
Peso, Shekel, Krona, Rand
They’re all a little bit old-hand
How annoying to use
Is a money pouch?
So easy to lose,
Down the back of the couch.
It’s time to move on
Step into the future
Like James T Kirk
….But considerably cuter
Bitcoin was decentralised
Like government…. but far more wise.
A currency you can’t shut down
And now, there’s a new coin in town.
different but kind of the same
That wants to join
To coin a name –
it’s called Namecoin.
“So the coin’s name is Namecoin?”
I didn’t ask for questions yet.
Yes, the coin’s name is Namecoin
At least it’s hard to forget.
The main thing to remember next
Is the Internet doesn’t run on text
but numbers – an IP address
queried using DNS
Paying people virtually….
While Bitcoin uses P2P
To continuously validate currency
Namecoin relies on the same theory
Of mathematical cryptography
But to make na-vi-ga-tion easy
This clever crypto currency
Lets TLD authorities
Allow third party companies
To query DNS …. you see?
An acceptable allegory
To help you under stand (like me)
Was suggested by the dot-bit wiki
As like buying 2 tickets to the lottery
To increase the odds of victory!
The Namecoin system effectively
Uses the Domain registry
A service you can pay in NMC
(Subject to a minor fee)
If we don’t abuse this technology
It gives us the capability
To literally, digitally
end censorship permanently.
And that’s something you must agree
….Would be great.
(pause for applause)
With a bit of luck and a lucky .bit
This could put an end to censorship
Namecoin! It’s shiny & new & clean.
Bitcoin was SO twenty thirteen.
Written by award winning poet Jim Templeton, whose work is published in the book Jelhead