We seem to have the same old topics constantly regenerated here, so here is something a bit different.
One of the advantages of Bitcoin is that transactions are public and transparent. Many see this as a disadvantage, but it cam be an asset if proof of payment is required. The world of domain names is full of fraud and theft, and there seems to be a reluctance to using Bitcoin. However, I believe that a Bitcoin transaction could be a proof of payment, and may even be a method of avoiding the need for escrow. It the domain name is included in the transaction and sealed in the blockchain, then it becomes an unchangeable proof of payment. Similarly, registrar transfers are open transactions. and should be proof of delivery of a name. In the event of a dispute, then it is a simple matter to prove delivery of funds, or the domain name.
What do you guys think, should we be using transactions in this way now that Bitcoin has become a store of wealth, and a means of payment for virtual assets?
Topic: Include domain name in trnsaction if bought using Bitcoin. (Read 109 times)
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