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You can see what a huge scam and insider money play this was by just looking at the names of the companies that got these TLDs.
by dsl 13y ago
You can see what a huge scam and insider money play this was by just looking at the names of the companies that got these TLDs.
- jamessun 13y agoAgreed. I suspect that many of these LLCs can be traced back to a handful of large companies.
- archQuestions 13y agoIf you're looking for a more open source approach to domain names, check out http://namecoin.info http://namecoin.info and http://dot-bit.org http://dot-bit.org
- lukifer 13y agoI was a little disappointed to learn that NameCoin domains are so cheap (0.001 NMC), and therefore rampant with squatters. I suppose there will always be an incentive to create a market and seek rents no matter what the domain system. Nonetheless, I hope NameCoin or something like it gains greater traction. I found myself wondering the other day how long it will be before we see an attempted disruption of Google by a search crypto-currency.
- tocomment 13y agoThat's a really intriguing idea. How do you imagine it working?
- nwh 13y agoIt can't, really. There's nothing remotely like web indexing in a crypto currency. Indexing websites is massively storage and bandwidth intensive, something which a distributed blockchain is not designed for. It's a nice idea to make a distributes search engine, but has nothing to do with Bitcoin.
- lukifer 13y agoYeah, I wasn't implying that the specifics of BitCoin would work well for a hypothetical SearchCoin. NameCoin is feasible because the volume of data is much smaller, both for keys and values, and updated infrequently.
- lukifer 13y agoThat's the rub, isn't it? :) It could create a market system for search terms, similar to NameCoin; it could allow "mining" by providing rewards for validated indexing. I could see there being huge incentives for a 51% attack, though. Alas, I'm more of a UX guy than a crypto hacker, so such things are out of my ken. But I definitely see a market for a Distributed Autonomous Corporation that provides search, and it would have a much easier on-ramp with users compared to competing with DNS.
- archQuestions 13y agoThey're currently 0.01NMC to register/update actually. Which is quite cheap, but trying to mine 0.01NMC isn't as easy as it used to be. It is the second most difficult to mine coin that exists in the world. It would take somebody ~3 days of mining with a basic multi-GPU mining rig just to acquire the 0.01 NMC to register a domain name. And the difficulty is jumping through the roof: http://dot-bit.org/tools/nextDifficulty.php http://dot-bit.org/tools/nextDifficulty.php
- AJ007 13y agoThe thing that sticks out most to me is how poor these extensions are from a marketing & naming standpoint.