Transaction

j"1LAnZuoQdcKCkpDBKQMCgziGMoPC4VQUckM} <div class="post"><div class="quoteheader"><a href="https://bitcointalk.org/index.php?topic=1790.msg27545#msg27545">Quote from: Hal on December 07, 2010, 12:29:38 AM</a></div><div class="quote">On the question of how many domain names to create per day:<br/><br/><a href="http://www.domaintools.com/internet-statistics/">http://www.domaintools.com/internet-statistics/</a><br/><br/>There are about 100 million active domain names, and 400 million expired ones. About 300,000 changes occur per day, divided equally between creation, expiration, and transfers.<br/><br/>If we create only 50 domains per block, 6 blocks per hour, that is 7200 domain names per day. At that rate it would take like 50 years to create 100 million domains. So it seems necessary to make names faster.<br/></div><br/>The question as to how many domains to include in a block ought to be something dependent upon the miner alone. &nbsp;This certainly is a useful point to bring up and likely an early "reference implementation" limit will be 50 domains per block merely to increase scarcity. &nbsp;Still, that up to 300k changes might happen eventually with this system, perhaps more considering that the cost is likely going to be considerably less than the current domain registration system.<br/><br/>----<br/><br/>I have a few other thoughts about this now that we are getting to something a little more concrete in terms of the software architecture. &nbsp;Would it be reasonable to expect the cost of a domain registration to be 1 DCC (Domain Coin Currency)... at least as the "default" cost expected by the miner to "register" a domain? &nbsp;I think that would establish at least an initial value to the currency and help to self-regulate those who want to jump in early and grab up a whole bunch of domains early on. &nbsp;I might even go so far as to say 2 DCC for registration and 1 DCC for information changes. &nbsp;If you run your own miner, you can "tweak" this if you want to be more competitive, but this is the way that you can spend the currency and what it is based upon and a fair benchmark.<br/><br/>In terms of a social effect that may be negative (depending on your viewpoint) some of the country code TLDs represent a substantial source of income for some of countries involved. &nbsp;One in particular, the country of Tuvalu, has only a little over 12,000 citizens and is the smallest member-nation of the United Nations in terms of population and pretty close to that in terms of land area. &nbsp;Only the Vatican has a smaller population in terms of a sovereign state. &nbsp;Its current TLD (*.tv) is currently run by a company in California but a significant portion of the revenue from that domain goes to the country's government under contract.<br/><br/>On the topic of small countries and their "country codes", it seems like if we could get this software rather stable, we might even want to offer this "service" to some of these smaller countries for their domain registrations, where I'm pretty sure that this would be cheaper than whatever contract they currently have with their current service provider. &nbsp;That goes under "marketing", but something else to think about. &nbsp;I certainly think that it would be awesome if we could get a whole country like Tonga to switch to Bitcoins as their national currency, and is much more likely to happen than the major western countries like America or the EU. &nbsp;Just dreaming there.</div> text/html