Transaction

j"1LAnZuoQdcKCkpDBKQMCgziGMoPC4VQUckMÞ<div class="post"><div class="quoteheader"><a href="https://bitcointalk.org/index.php?topic=1790.msg27932#msg27932">Quote from: theymos on December 08, 2010, 12:37:24 AM</a></div><div class="quote"><div class="quoteheader"><a href="https://bitcointalk.org/index.php?topic=1790.msg27917#msg27917">Quote from: RHorning on December 07, 2010, 11:37:16 PM</a></div><div class="quote">I guess I'm missing the point of the fee other than as a way to provide an incentive for miners, and to put a little pain on the registrants involved here.<br/></div><br/>That is the point.<br/><br/>A handful of servers will be public DNS servers running with "authority" over those BitDNS TLDs that they support. To get in one of these, you'll have to pay them directly in addition to the fees that go to whoever generates the block. This can be done with additional outputs, or you can pay on their site in the traditional Bitcoin way. This is where a registrar is especially useful, since they will know all of the current fee requirements of the various servers, and they can pay them all at once automatically.<br/></div><br/>In other words, this isn't really a distributed or P2P DNS system, or perhaps I'm missing something else here too.&nbsp; Each "TLD" would have its own central server where you would have to "pay" to get onto that server?<br/><br/>What I don't see is the mechanism for how or even why a particular DNS server ought to even receive these fees as opposed to somebody else creating a "registrar server" and following this same protocol to put that data into Bitcions for considerably less or even "free".&nbsp; This issue of where the money goes has been to me the issue all along, and the only place that could be identified easily as having done some sort of "proof of work" in terms of organizing the data is the block miner itself.... that is the Bitcoin block miner and not the DNS block miner as there is no sort of DNS block here at all.<br/><br/>I don't see any rationale for using a particular registrar other than merely because of sheer convenience and the hassle of setting up the software on your computer.<br/><br/>If there is some way that you might show some cryptographic "proof of work" in processing domain records, I might agree that a particular "registrar" deserves some separate fees in addition to the Bitcoin miner, but then the problem is how do you get those fees to that particular "DNS Block miner"?&nbsp; Otherwise there isn't any sort of effort being put forth by the registrar at all where literally anybody could create some software to put these records into the system.<br/><br/>I could imagine a system where a sort of auction system on a particular domain happens where the person throwing the most number of bitcions in for a registration record "wins" the domain, but something seems a little off on that as well.&nbsp; It also implies that anybody can "steal" your domain simply by throwing more coins at it than you have.&nbsp; It is a great idea for miners, but lousy for those trying to register domains.<br/><br/>This is all about the money from my perspective, and this part has not been cleaned up for me upon reading the documentation.&nbsp; The actual storage of the registration data itself has always been to me a trivial piece of the puzzle.&nbsp; Throwing those records into Bitcoin transactions are useful as they do provide the time stamping and hashing ability of Bitcoin software, but any fees beyond Bitcoin transaction fees seem to be a pointless exercise without any sort of further proof-of-work.&nbsp; Any additional fees being thrown with the "registration" is not going to anybody actually putting effort in terms of running the domain server or doing registrations.&nbsp; I could imagine some "greedy" DNS servers that might expect to be paid for bandwidth and being paid in Bitcoins or some other currency, or perhaps a very small fee for actually putting the transaction into the Bitcoin blocks for those who only have a "thin client" for Bitcoins, but those fees would be subject to a huge and highly competitive market where for most people it would be "free" anyway.<br/><br/>This is why I was trying to put together some sort of proof of work chain for data of this nature too, in part to put some scarcity into creating domain records.</div> text/html