4 ms·

We're talking about domain name registration right? No reason why it would need to be more expensive than the current system. The argument is that ownership is

We're talking about domain name registration right? No reason why it would need to be more expensive than the current system. The argument is that ownership is upheld in a totally programmatic way. Just is a value judgement, not sure about that. It depends on what you value. Available globally yes.

hypertele-Xii 5y ago
What's "totally programmatic"? Is that where programmers never make mistakes, protocols never have bugs, users always remember their secret keys, read and understand the code they're running, on the computer they wholly own and trust, with perfectly functioning hardware? And somehow resistant against the $5 wrench attack and state-level seizure?
- thebean11 5y ago
  Protocols have bugs, yep. Audited and battle tested protocols, less often though. For example, there are hacks every day where people exploit smart contract bugs, yet there are contracts securing billions of dollars that have not been hacked. Both can be true at once. Something like this wouldn't be widely used without lots of iterations to iron out issues like that. $5 wrench attack is easily thwarted by splitting ownership across multiple geographically separated people, easily doable by giving control of the domain name to a shared contract. This would require lawyers in the current system!
  - deleted 5y ago
    [deleted]
  - hypertele-Xii 5y ago
    If you think it's so easy, maybe you should do it to demonstrate. If you mean that it'll become easy enough over time, that's an assumption I don't buy.
    - thebean11 5y ago
      Similar software already exists.. https://ens.domains/ https://ens.domains/ as does other blockchain software handling tons of value.. It was probably thousands of talented dev hours, who said it was easy? Just curious are you at all familiar with smart contracts in general?
      - hypertele-Xii 5y ago
        ens.domains just sounds like selling plots on the Moon, or names of distant stars. It only matters to those who buy in. Current system domains are cheap and work fine for most people. If your local government is oppressive and won't let you own a domain, you can't really solve that political problem technologically. My understanding of smart contracts is that it's like a distributed virtual machine of consensus. A single program that runs on all the networked computers, all executing the same set of functions on the same set of data producing the same result. But it's slow and expensive, because it's "trustless", and it turns out that trust is very valuable and embedded in our traditional methods, and people get scammed left and right because they think trustless means they don't need to trust, but that's a lie.

hypertele-Xii 5y ago

What's "totally programmatic"? Is that where programmers never make mistakes, protocols never have bugs, users always remember their secret keys, read and understand the code they're running, on the computer they wholly own and trust, with perfectly functioning hardware? And somehow resistant against the $5 wrench attack and state-level seizure?

thebean11 5y ago
Protocols have bugs, yep. Audited and battle tested protocols, less often though. For example, there are hacks every day where people exploit smart contract bugs, yet there are contracts securing billions of dollars that have not been hacked. Both can be true at once. Something like this wouldn't be widely used without lots of iterations to iron out issues like that. $5 wrench attack is easily thwarted by splitting ownership across multiple geographically separated people, easily doable by giving control of the domain name to a shared contract. This would require lawyers in the current system!
- deleted 5y ago
  [deleted]
- hypertele-Xii 5y ago
  If you think it's so easy, maybe you should do it to demonstrate. If you mean that it'll become easy enough over time, that's an assumption I don't buy.
  - thebean11 5y ago
    Similar software already exists.. https://ens.domains/ https://ens.domains/ as does other blockchain software handling tons of value.. It was probably thousands of talented dev hours, who said it was easy? Just curious are you at all familiar with smart contracts in general?
    - hypertele-Xii 5y ago
      ens.domains just sounds like selling plots on the Moon, or names of distant stars. It only matters to those who buy in. Current system domains are cheap and work fine for most people. If your local government is oppressive and won't let you own a domain, you can't really solve that political problem technologically. My understanding of smart contracts is that it's like a distributed virtual machine of consensus. A single program that runs on all the networked computers, all executing the same set of functions on the same set of data producing the same result. But it's slow and expensive, because it's "trustless", and it turns out that trust is very valuable and embedded in our traditional methods, and people get scammed left and right because they think trustless means they don't need to trust, but that's a lie.