Transaction

j"1LAnZuoQdcKCkpDBKQMCgziGMoPC4VQUckM×<div class="post"><br/>A few more questions about&nbsp;http://privwiki.dreamhosters.com/wiki/Bitcoin_DNS_System_Proposal<br/><br/>It appears this can support several top level domains, such as .anon, .sex, .p2p, or whatever. Other proposals envisioned a single new TLD like .bitdns.<br/><br/>Names can be changed when registered, but only from one TLD to another. You could change pics.sex to pics.p2p. I don't understand the motivation for this. It seems like something that would seldom be useful.<br/><br/>I'm still confused about fees. I was assuming that fees would be paid to the DNS servers, for the service of acting as a gateway from the Bitcoin block chain to the DNS system. I now see another interpretation, where DNS servers don't receive the fees, but they nevertheless demand that transaction fees of a certain minimum level be paid to miners. As long as they see that the domain name was registered with a large enough transaction fee to the miner, they will pass it through to the DNS. Is it possible that this is what was intended?<br/><br/>The proposal seems to envision a relatively small set of DNS servers that would be authorities for these new domain names and be the ones who bring the names from the block chain into DNS. These would be somewhat analogous to registrars today. (I may be misunderstanding this!) Each of these DNS servers publishes a schedule of fees for performing this service. To register a new name... hmm, I am guessing now. Would you contract with one particular DNS server to do something else than host your regular DNS records?<br/><br/>I had thought it would be ok to expect DNS servers to follow the block chain and honor valid domain name transactions without requiring certain minimum fees. Domain names are so valuable (at least at first) that miners already have ample motivation to demand substantial (like $100 = 500 Bitcoins per transaction) fees. Eventually, if the system is successful, virtually all DNS servers would read the block chain.</div> text/html