Live data from Hacker News

Can Namecoin obsolete ICANN (and more)?

theumlaut.com

11–20 of 92 posts

Re: Can Namecoin obsolete ICANN (and more)?

#13
post #9

Earlier quoted context omitted.

> Blockchains are being used to implement solutions to different problems, and they could really solve some significant problems such as decentralized identity and reputation management (!). The difficulty lies in creating a significant enough "currency" so that miners will become involved and make the blockchain stable and reliable. Author of the original article here. Namecoin is actually merge-mined with Bitcoin,…

Maybe I've misunderstood it, but how does merge mining create an incentive to mine namecoins? I figured all it did was make it "cheaper" to mine namecoins by "reusing" work done for the bitcoin blockchain. In order for the namecoin network to function, you still need to actively get involved with it. Here's some information on merge-mining for anyone else involved: http://bitcoin.stackexchange.com/questions/273/how-d…

Most of the major Bitcoin mining pools also mine Namecoin. The current Namecoin hashrate is around 60% of the Bitcoin hashrate. http://bitinfocharts.com/comparison/hashrate-btc-nmc.html

Re: Can Namecoin obsolete ICANN (and more)?

#15
post #14

Do namecoins have to be renewed or are we going to have old good domain names infinitely unavailable because someone forgot their key ?

They have to be updated around every 36,000 blocks (about 250 days), or else you relinquish the name. It can be just a "touch" update, no need to change the information.

Re: Can Namecoin obsolete ICANN (and more)?

#16
post #12
post #10

Can I register google.bit, facebook.bit, apple.bit, oracle.bit, and microsoft.bit for a total of $0.25? Can they do anything to get it back?

They can offer you a large amount of Namecoin to get it back.

Does namecoin have an operation for transfer which wallet is bound to the key,value pair? Or do you need to transfer private keys off blockchain?

Re: Can Namecoin obsolete ICANN (and more)?

#17

How long does it take to resolve a namecoin key=>value pair? Considering the variable speed in these sorts of decentralized networks, is there a noticeable lag when you initially request a .bit website?

All the blockchain is local. The time taken to resolve a key->value pair is the time your software takes to decode information from your disk; it's nothing compared to DNS.

Change propagation, on the other hand, is as long as blocks can travel from peer to peer.

Re: Can Namecoin obsolete ICANN (and more)?

#18
post #16
post #12

Earlier quoted context omitted.

They can offer you a large amount of Namecoin to get it back.

Does namecoin have an operation for transfer which wallet is bound to the key,value pair? Or do you need to transfer private keys off blockchain?

Yes, you can transfer names on the blockchain.

Re: Can Namecoin obsolete ICANN (and more)?

#19
post #9

Earlier quoted context omitted.

Maybe I've misunderstood it, but how does merge mining create an incentive to mine namecoins? I figured all it did was make it "cheaper" to mine namecoins by "reusing" work done for the bitcoin blockchain. In order for the namecoin network to function, you still need to actively get involved with it. Here's some information on merge-mining for anyone else involved: http://bitcoin.stackexchange.com/questions/273/how-d…

Most of the major Bitcoin mining pools also mine Namecoin. The current Namecoin hashrate is around 60% of the Bitcoin hashrate. http://bitinfocharts.com/comparison/hashrate-btc-nmc.html

Well, that's a lot! I didn't expect it to be significant compared to the bitcoin pool.

Do you know how that came to be? i.e how did they convince everyone to start mining namecoin? Or was it just good timing WRT bitcoin?

Re: Can Namecoin obsolete ICANN (and more)?

#20
Note that you can use namecoin blockchain with your DNS and HTTP tools with dnschain [0]. Check this out:

$ dig @dns.dnschain.net okturtles.bit

$ curl http://dns.dnschain.net/d/okturtles

Both of them will resolve to whatever info is stored in d/okturtles domain.

With the (soon-to-be) DANE support (for those who forgot: DANE is about distributing TLS keys through a channel you trust (it comes from the domain you're visiting) but that is not the same as the final application (it's DNS, not HTTP/SMTP/IMAP/XMPP/etc), so you can prevent MiTM), I don't see what's missing technically to have our own internet.

[0] https://github.com/okTurtles/dnschain

Post reply on HN