4 ms·

Not sure if NMC already does this, but why not auction the domains? Whoever "bids" the largest value owns the domain.

• steveklabnik 13y ago
  It does not currently do this. I'm not sure that the BTC protocol really has support for auctioning transactions.
  • maaku 13y ago
    It could though. My associate Jorge Timon and I have worked out a protocol by which this could occur whithout increasing the storage requirements of validation nodes. Applying the principles of Henry George's land tax, you could then charge a percentage fee based on the highest bid value. But then again, for domains there's something to be said for first-come-first-serve protection.
    • DennisP 13y ago
      Have you written up that protocol? Sounds pretty interesting.
      • maaku 13y ago
        I described it on the developer IRC channel. It'll get written up eventually. It's a simple application of this data structure: http://sourceforge.net/mailarchive/message.php?msg_id=31770569 http://sourceforge.net/mailarchive/message.php?msg_id=317705... With some new opcodes.
• itistoday2 13y ago
  Doesn't do this currently, but there are proposals for exactly this type of bidding system on the forums, including in the comments of the linked thread.