j"1LAnZuoQdcKCkpDBKQMCgziGMoPC4VQUckM<div class="post">I would like to ask for some clarification on exactly what we are proposing here. From reading this (lengthy) thread, I gather that we are proposing:<br/><ul style="margin-top: 0; margin-bottom: 0;"><li>A decentralized domain registrar that maps a friendly human readable name (ie: chaord.btc) to an ip address</li><li>A parallel network bitcoin which will have it's own token currency (represent addresses). Rather than mining bitcoins, you mine top-level address rights. Is this correct?</li></ul><br/>Am I understanding all this correctly? If so, it seems as if in this brave new digital world, bitcoins (BTC) represent a commodity like gold, and domaincoins (DCC) represent real estate.<br/><br/>Lastly, I'm sure this has been discussed, but is there any way that the two system can be combined? Can the domaincoin system accomplish all things bitcoins can, in addition to domain registration, or no? IMO the best of both worlds would be if, somehow (not sure how), the domain coin system could use bitcoins as its underlying backing (or vice versa).<br/><br/>Honestly, I feel that something like DomainCoins is the "missing link" that this community is searching for. Because the data behind DomainCoins actually represents something (an IP address mapping), I think this could be the use-value that something like bitcoin needs to propel it to success!</div> text/html
https://whatsonchain.com/tx/398b31eabf8149e1b4dc63cec8d0d4cd37ba9ea8850f87b975b7a9db2a0547c8