Earlier quoted context omitted.
The process of mapping name=IP is not remotely technically difficult, and I'd dare say most people reading this message could implement the backend to such a system in a few days. Setting up the peering replication and nameservers around the world is considerably harder, but it's definitely not a $10 billion+ problem (the current value of registrars and certificate authorities.) A startup funded by YC could handle th…
Ah perfect, not your keys, not your domain. I mean now domain jackings can be permanent and irreversible! Apple.com can literally be stolen by Tim Apple and there’s not a thing anyone could do about it. Another clear win for the blockchain. Resolving this kind of dispute is why we have central authorities in the first place.
Fully automated system will only care about keys and cannot hand apple.com over from Apple Inc to Tim Apple because of his name.