Right, but namecoin not limited to .bit, but it is its primary objective - decentralized system maintains centralized network. Mess.
But main problem is not in this. The main problem is the price of domain operation. NameCoin has an arbitrary formula of that, taken from the sky, and they just destroy that money to be completely correct.
I don't think this is right. I think the work of verification domain transaction MUST be paid. Some people dont think such.
And this is the main drama of holy war. And that is why DIANNA was designed.
Right, but namecoin not limited to .bit
thanks for pointing that out.
[...] but it is its primary objective - decentralized system maintains centralized network. Mess.
fud. you can run a client locally and be completely independent from dns.
I agree that though the namecoin data is far smaller than bitcoin data and will probably grow less in the future it would be nice to have a smaller footprint (currently ~500MB on the hd).
The advantage to use the current os dns system is in the possibility of easy adaption - small os config change and it works.
But main problem is not in this. The main problem is the price of domain operation. NameCoin has an arbitrary formula of that, taken from the sky, and they just destroy that money to be completely correct.
I don't think this is right. I think the work of verification domain transaction MUST be paid. Some people dont think such.
fud. by now there is no formula at work any more - fixed price of 0.01 NMC for name_new and name_firstupdate + transaction fees.
I repeat: a small amount of NMC being destroyed is not a problem. Without a change about 1,000,000,000 domains can be sustained and the limits can easily be lifted. For comparison: there are ~<~300,000,000 normal domains registered in the world. Namecoin is now at 43,000.
what you seem to be missing:
The transaction fees for name_new, name_firstupdate and name_update are set by the users and accepted or not by the miners. just like bitcoin. if bitcoin works, namecoin should too.
And this is the main drama of holy war. And that is why DIANNA was designed.
And this is why your arguments against Namecoin are mostly invalid.
The more alternatives the better. But please stop spreading FUD about Namecoin.