j"1LAnZuoQdcKCkpDBKQMCgziGMoPC4VQUckM|<div class="post"><div class="quoteheader"><a href="https://bitcointalk.org/index.php?topic=1790.msg22171#msg22171">Quote from: gavinandresen on November 15, 2010, 11:43:45 PM</a></div><div class="quote">So....<br/><br/>I want to register a new domain name "gavin.bitdns" in this hypothetical bitdns system.<br/><br/>How do I do it? Run a BitX miner and hope that I generate a block sometime in the next week or three? Ummm... yuck!<br/><br/>Or I want to buy a domain from somebody; what does that look like in the bitdns system?<br/><br/></div><br/>It's pretty much the same as starting a separate service. You have to convince a few people to use your system.<br/><br/>But in this case, there are some incentives for a BitX miner to adopt your new BitX app (in this case, bitDNS).<br/><br/>For one, it doesn't impact the miner's mining speed. And he would end up with a possibly valuable resource in the form of a very big head start on bitDNS registrations.<br/><br/>Consider the case in which there are 5 big BitX miners that each control large processing pools. They each generate 20% of bitcoins (which is now running on the BitX protocol) yet the first one to generate bitDNS names would generate 100% of names until the second adopted bitDNS as well, and this would be at no cost to him.<br/><br/>In the case of buying a name, you need an escrow that will temporarily hold the btc and the name until they are both confirmed, and then pass them along to the new owners. I think it's best to keep btc and dns completely separate so that they can succeed or fail independently yet leverage the single block chain.</div> text/html
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