Transaction

j"1LAnZuoQdcKCkpDBKQMCgziGMoPC4VQUckMê<div class="post"><div class="quoteheader"><a href="https://bitcointalk.org/index.php?topic=1790.msg28938#msg28938">Quote from: Hal on December 10, 2010, 07:14:04 PM</a></div><div class="quote">additional block chains would each create their own flavor of coins, which would trade with bitcoins on exchanges? These chain-specific coins would be used to reward miners on those chains, and to purchase some kinds of rights or privileges within the domain of that chain?<br/></div>Right, the exchange rate between domains and bitcoins would float.<br/><br/>A longer interval than 10 minutes would be appropriate for BitDNS.<br/><br/>So far in this discussion there's already a lot of housekeeping data required. &nbsp;It will be much easier if you can freely use all the space you need without worrying about paying fees for expensive space in Bitcoin's chain. &nbsp;Some transactions:<br/><br/>Changing the IP record.<br/><br/>Name change. &nbsp;A domain object could entitle you to one domain, and you could change it at will to any name that isn't taken. &nbsp;This would encourage users to free up names they don't want anymore. &nbsp;Generated domains start out blank and the miner sells it to someone who changes it to what they want. &nbsp;<br/><br/>Renewal. &nbsp;Could be free, or maybe require consuming another domain object to renew. &nbsp;In that case, domain objects (domaincoins?) could represent the right to own a domain for a year. &nbsp;The spent fee goes to the miners in the next block fee.</div> text/html