Stefan Thomas [ARCHIVE] on Nostr: 📅 Original date posted:2011-12-13 🗒️ Summary of this message: Using Namecoin ...

📅 Original date posted:2011-12-13
🗒️ Summary of this message: Using Namecoin as a decentralized DNS alternative is suggested due to its ability to transfer/trade names securely and share mining without bloating the Bitcoin block chain.
📝 Original message:>> Would it be too strange to use namecoin?
> This has the same problem as FirstBits, except .bit domains are dirt cheap,
> whereas vanitygen at least slows down grabbing all the common words...

Grabbing is no more an issue than mining Bitcoins is an issue. Sure,
domain grabbers will have the domains first, but they want to profit and
therefore are willing to sell them for whatever price they can get. Just
like the trading of any other limited resource, this process sounds like
somebody is getting rich for nothing, but it does tend to put the
limited resources to good use as people who waste good domains can't
afford them in the long run. The problem with Firstbits is that the
names already grabbed have fixed private keys that are known by their
originators. That makes the names untradable. This may be fixable with
split keys, but a lot of "good" 1firstbits are already made useless in
this way.

Names in Namecoin can be transferred/traded securely, strong
cryptography is built in and it shares mining without bloating the
Bitcoin block chain. I see it as a decentralized DNS alternative at a
time when domain seizures are on the rise, even absent any court order.

So I would use one of the DNS-based solutions that Amir suggested and
simply require standard-compliant clients to be able to look up .bit
(i.e. Namecoin) domains as well. That way we have a pragmatic solution,
but one that also provides security and true decentralization for the
more paranoid of our users.


On 12/13/2011 12:41 AM, Luke-Jr wrote:
> On Monday, December 12, 2011 6:37:56 PM Jorge Timón wrote:
>> Would it be too strange to use namecoin?
> This has the same problem as FirstBits, except .bit domains are dirt cheap,
> whereas vanitygen at least slows down grabbing all the common words...
>
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