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Topic: The economics of generalized bitcoin - page 3. (Read 8101 times)

newbie
Activity: 22
Merit: 0
December 09, 2010, 12:32:19 AM
#5
1) I understand that taking a domain name doesn't shut down the operation, but having a domain name at least makes it easier for the content to be accessed, and easier for it to be profitable for the wrongdoer, who can change hosts, etc, and just update the IP behind the domain.

2) Maybe you misunderstood what I meant by my post.

The point of my post was, why on earth would anyone want the main block chain of a new currency to be wrapped up in a decentralized DNS system that will tend to skew towards illegal (or at least *fringe*) activity? That isn't going to increase adoption.

Im aware that saying "its against the protocol" disallows anyone from taking a domain, but that is the point. Why would Bitcoin want to be a part of a DNS system anyway?
legendary
Activity: 980
Merit: 1014
December 09, 2010, 12:23:08 AM
#4
Not to mention that a decentralized DNS system, which I am not against, will have a tendency to skew towards the illegal/fringe uses where avoidance of the law is paramount.

With all due respect, taking the site's domain name down won't do anything against criminal activity. It just make it harder to track.

Also, it was human elements that force domain name to be taken off the net.

If you have to say "Sorry, we can't do anything about it. It's against the protocol", than you can't take down the domain name or interfere with its operation.
newbie
Activity: 22
Merit: 0
December 09, 2010, 12:14:52 AM
#3
Agreed.

Not to mention that a decentralized DNS system, which I am not against, will have a tendency to skew towards the illegal/fringe uses where avoidance of the law is paramount.

For every Wikileaks, there are probably two somalian child porn sites (or pick your poison) that would enjoy freedom from government intervention.

Just my 2c
jr. member
Activity: 36
Merit: 13
December 08, 2010, 10:38:14 PM
#2
Jumping over from this excellent post by appamatto...

In the original formulation, bitDNS is simply an example of a possible generalization of bitcoin.  It should be possible to dream up many such applications requiring block chains for systems that need some kind of quorum.
[...]
BitX is essentially an uber-chain which has hashes of app (bitcoin, bitDNS, ...) payloads as its payload.

+1, think this is a fantastic idea.

However, I feel that economically, the mainline bitcoin block chain should be a currency-only block chain.

I don't like how bitDNS ties a single "blessed" market -- distributed data publishing -- so closely with the underlying currency.  It seems like those who use bitcoins for reasons unrelated to the block chain data publishing would be more unduly impacted by the use of currency for distributed data publishing.

Someone really needs to start a new block chain, BitX / GenCoins.  That would relieve the pressure off trying to stuff all these ideas into the world's digital software-fiat currency.


Thanks for the backup. :p

Yes, I think that the different bit-apps should be as orthogonal as possible, both to each other and to the "uber-chain" of BitX.

Honestly, bitcoin may not be the killer app for the block chain platform.  If this is the case then we run the risk of a more popular app leaving bitcoin in the dust, and then having someone incorporate a currency platform into that app, thereby dwarfing the bitcoin block history and popping the bubble.

That's why I think it's essential to "bind the fates" of the various bit-apps together in a single BitX "uber-chain" that can provide mutual protection for bit-apps like bitDNS and bitcoin as well as easily foster new apps.
legendary
Activity: 1596
Merit: 1099
December 08, 2010, 09:49:39 PM
#1
Jumping over from this excellent post by appamatto...

In the original formulation, bitDNS is simply an example of a possible generalization of bitcoin.  It should be possible to dream up many such applications requiring block chains for systems that need some kind of quorum.
[...]
BitX is essentially an uber-chain which has hashes of app (bitcoin, bitDNS, ...) payloads as its payload.

+1, think this is a fantastic idea.

However, I feel that economically, the mainline bitcoin block chain should be a currency-only block chain.

I don't like how bitDNS ties a single "blessed" market -- distributed data publishing -- so closely with the underlying currency.  It seems like those who use bitcoins for reasons unrelated to the block chain data publishing would be more unduly impacted by the use of currency for distributed data publishing.

Someone really needs to start a new block chain, BitX / GenCoins.  That would relieve the pressure off trying to stuff all these ideas into the world's digital software-fiat currency.
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