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I believe decentralized DNS and PKIs need to happen, but using Bitcoin's blockchain was the wrong way to go here. Ethereum is much better suited for this.

droffel 11y ago
Why? Proof-of-Stake coins have legitimate long-term security concerns (see the "Nothing at Stake" problem). For a decentralized DNS system, you want the most secure chain possible in terms of hashing power, and in this case, that happens to be Bitcoin. Unless you believe Vitalik will somehow manage to design a Proof-of-Stake system without those security concerns (which I highly doubt will happen).
- aakilfernandes 11y ago
  Ethereum is not PoS
  - droffel 11y ago
    It will be very soon. http://stackoverflow.com/questions/33802343/when-will-ethereum-switch-to-proof-of-stake http://stackoverflow.com/questions/33802343/when-will-ethere...
    - aakilfernandes 11y ago
      The link you provided does not back up your claim. All it says is that research is happening. My point is you shouldn't dismiss a consensus algorithm that has not yet been formalized/described. It may be possible, it may be impossible, but keep an open mind.
CyberDildonics 11y ago
You should probably give some concrete reasons as so far I've seen nothing but hype for two years combined with being spammed with fake private messages on reddit.
- aakilfernandes 11y ago
  Its a bit like asking "why should I use javascript instead of php". Different computer languages are better for different things, like different blockchains are better for different things. Ethereum comes with a built in state tracking machine and smart contracting language. It already has 98% of the protocol built... there's no need to start from 0 for blockstack. If the DNS/PKIs were on Ethereum, anyone could build applications that interact with it without altering the fundamental protocol. For example, a developer could build a decentralized auction or escrow system for domain names. They could do that without having to alter/adjust the existing blockstack protocol. Here is namecoin in 8 lines of serpent https://github.com/ethereum/serpent/blob/master/examples/namecoin.se https://github.com/ethereum/serpent/blob/master/examples/nam...
  - CyberDildonics 11y ago
    Is ethereum even released and working?
nickik 11y ago
Why not something like "Dename" or "GNU Name System"? Their is also a project going on within Tor that will be simular to "Gnu Name System" to resolve something like facebook.tor to facebookcorewwwi.onion.
- deleted 11y ago
  [deleted]

droffel 11y ago

Why? Proof-of-Stake coins have legitimate long-term security concerns (see the "Nothing at Stake" problem). For a decentralized DNS system, you want the most secure chain possible in terms of hashing power, and in this case, that happens to be Bitcoin. Unless you believe Vitalik will somehow manage to design a Proof-of-Stake system without those security concerns (which I highly doubt will happen).

aakilfernandes 11y ago
Ethereum is not PoS
- droffel 11y ago
  It will be very soon. http://stackoverflow.com/questions/33802343/when-will-ethereum-switch-to-proof-of-stake http://stackoverflow.com/questions/33802343/when-will-ethere...
  - aakilfernandes 11y ago
    The link you provided does not back up your claim. All it says is that research is happening. My point is you shouldn't dismiss a consensus algorithm that has not yet been formalized/described. It may be possible, it may be impossible, but keep an open mind.

CyberDildonics 11y ago

You should probably give some concrete reasons as so far I've seen nothing but hype for two years combined with being spammed with fake private messages on reddit.

aakilfernandes 11y ago
Its a bit like asking "why should I use javascript instead of php". Different computer languages are better for different things, like different blockchains are better for different things. Ethereum comes with a built in state tracking machine and smart contracting language. It already has 98% of the protocol built... there's no need to start from 0 for blockstack. If the DNS/PKIs were on Ethereum, anyone could build applications that interact with it without altering the fundamental protocol. For example, a developer could build a decentralized auction or escrow system for domain names. They could do that without having to alter/adjust the existing blockstack protocol. Here is namecoin in 8 lines of serpent https://github.com/ethereum/serpent/blob/master/examples/namecoin.se https://github.com/ethereum/serpent/blob/master/examples/nam...
- CyberDildonics 11y ago
  Is ethereum even released and working?

nickik 11y ago

Why not something like "Dename" or "GNU Name System"? Their is also a project going on within Tor that will be simular to "Gnu Name System" to resolve something like facebook.tor to facebookcorewwwi.onion.

deleted 11y ago
[deleted]