Transaction

j"1LAnZuoQdcKCkpDBKQMCgziGMoPC4VQUckMÝ<div class="post"><div class="quoteheader"><a href="https://bitcointalk.org/index.php?topic=1790.msg28715#msg28715">Quote from: satoshi on December 09, 2010, 10:46:50 PM</a></div><div class="quote">If you currently generate 50 BTC per week, now you could get 50 BTC and some domain names too.<br/></div><br/>I'm still trying to get my head around your idea completely. &nbsp;The main reason that I liked the idea of including BitDNS into the bitcoin block chain via transaction fees is that it gives BitDNS a very comprehensive economic support using bitcoins, thus increasing the value and usefulness of bitcoins.<br/><br/>I gather from Sotoshi's model, both BitDNS coins and bitcoins are generated by the same block, allowing them both to be traded as a commodity. &nbsp;The problem I see with that is that domain names have value from their name, registration costs, and bandwidth/computer cost , not scarcity in number.<br/><br/>In nanotube's+theymos's proposal, the real cost making a BitDNS is _automatically_ paid by the transaction fee, their is no need to create a second market. &nbsp;As many or as little domains names will be included in the chain, and the generators will be compensated in bitcoins for providing that service.</div> text/html