71–80 of 92 posts
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> No, you could not register those names. Because they are already registered. Who are they registered by?
You can explore the blockchain here: http://explorer.namecoin.info/
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?
No, you could not register those names. Because they are already registered. They could ask very nicely for ownership of them, or perhaps send you a court order depending on what country the both of you were located in. But unless you provide them with the private key or fail to renew your registration... nobody should ever gain control of any .bit domain. A Kraken.com dev looking into the namecoin code found a flaw…
Due to network effects, namecoin won't replace ICANN without making it better for all those organizations; and due to the core nature of namecoin, it won't be better for them.
So, what happens if your domain gets hijacked?
Domain hijacking is impossible without access to the private key that controls the information written in the blockchain concerning that domain. If somebody gets your private key, they can "steal" your website away from you, sure. Just don't let anybody access your private key.
Most people don't want their technical infrastucture to be immune to law enforcement, just the contrary.
I'll plug BitShares DNS--a Namecoin competitor I am working on--here: http://nmushegian.github.io/dns/ Whitepaper and FAQ are not quite up to date but you get the idea. From: https://github.com/nmushegian/dns/blob/master/whitepaper.md#... - Namecoin issues new coins to miners as a reward for performing merged mining with the Bitcoin network. The namecoin supply is being inflated at nearly 30% per year for several mor…
Domainshares utilizes an auction-like mechanic to
incentivize price discovery for names, making sure
the final owner pays what it is actually worth.
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 vi…
> DANE is about distributing TLS keys through a channel you trust Only to the extent that you and your visitors already have to trust your DNS provider, your domain registrar, the TLD registry, and the DNS root. Neither DANE nor DNSSEC intrinsically solve anything that hasn't already been solved for end users... particularly when you consider forwarders will have to accept unsigned zones for years to come. Namecoin e…
Which is not something I want to do, hence my push for namecoin :)
> proof-of-work chains have their own burdens
Do you have more information about how it can be detrimental to namecoin, specifically distributing DNS information ?
I'll plug BitShares DNS--a Namecoin competitor I am working on--here: http://nmushegian.github.io/dns/ Whitepaper and FAQ are not quite up to date but you get the idea. From: https://github.com/nmushegian/dns/blob/master/whitepaper.md#... - Namecoin issues new coins to miners as a reward for performing merged mining with the Bitcoin network. The namecoin supply is being inflated at nearly 30% per year for several mor…
Domainshares utilizes an auction-like mechanic to incentivize price discovery for names, making sure the final owner pays what it is actually worth. How would this work for, say, google.com ?
- The price starts at 0 and people bid it up to the market value
- If someone makes a bid B1, then someone makes a next bid B2 = B1 + D, then person 1 receives (B1 + D/2) and the remaining D/2 gets paid as fees to network (and thus become shareholder dividends)
- This incentivizes people to bid up the price to what they consider the market value, because of the extra portion they receive when they are outbid
- This also disincentivizes squatting because you will pay more for buying and selling the domain than you would have received as network dividends had someone else just bought the domain
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Second. All you have to do is to use DNS server supporting .bit domains
Doesn't that defeat the point?
- http://www.reddit.com/r/darknetplan/comments/227t7x/can_name...
- http://www.reddit.com/r/darknetplan/comments/227t7x/can_name...
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Development has slowed to a crawl, but http://datacoin.info is still alive. It focuses on redundancy, as all participants have a full copy of the database, and so data amounts are small (1 datacoin = 20kb). Still, there's a potential use case there for text-only content. Definitely looking forward to distributed storage apps; other projects in progress include BitCloud, MaidSafe, and Ethereum.
Participating in Datacoin sounds legally dangerous. All a miscreant needs to do is include into its blockchain some files that are illegal to possess, and everyone is potentially in trouble. It would be like this, but worse: http://www.dailydot.com/business/bitcoin-child-porn-transact...
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Domainshares utilizes an auction-like mechanic to incentivize price discovery for names, making sure the final owner pays what it is actually worth. How would this work for, say, google.com ?
We are still working on the exact mechanics (open to suggestions!), but the simple first model is: - The price starts at 0 and people bid it up to the market value - If someone makes a bid B1, then someone makes a next bid B2 = B1 + D, then person 1 receives (B1 + D/2) and the remaining D/2 gets paid as fees to network (and thus become shareholder dividends) - This incentivizes people to bid up the price to what they…
And as an end user, I don't know if visiting or e-mailing wikipedia.org will take me to an encyclopedia or a cybersquatter or a porn site?
Who exactly benefits from this system, except for 'the network'?