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The internet community needs come come up with an alternative domain registry system, one that completely removes middlemen. Did I hear someone echo "blockchain
by bouncycastle 8y ago
The internet community needs come come up with an alternative domain registry system, one that completely removes middlemen. Did I hear someone echo "blockchain"?
- asaph 8y agoI believe this has been tried. Check out namecoin.
- bouncycastle 8y agoThe problem with namecoin was that it was just a plain fork of Bitcoin and it retained the UTXO account model which is not very well suited for this kind of application. Although, gotta give it credit as it was the first one in this area.
- JonathonW 8y agoWhat decides who gets a name in a “blockchain” DNS? The first to squat on the name? The one to waste the most electricity doing meaningless computations? The highest bidder?
- bouncycastle 8y agoSame existing methods that are used today could be used to prevent squatting, eg 'commit-reveal' Vickery style auction, in that way the domains do not go for the highest price (The highest bidder wins but the price paid is the second-highest bid).
- notahacker 8y agoSo basically, there is a middleman, taking auction bids which are a lot higher than .com renewal fees...
- bouncycastle 8y agoNot when it's built in to the protocol itself.
- NickNameNick 8y agoLook at ENS and similar https://ens.domains/ https://ens.domains/