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Offline toast

DNS thread on bitcointalk.
« on: March 17, 2014, 07:09:50 AM »
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Offline HackFisher

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Re: DNS thread on bitcointalk.
« Reply #1 on: March 17, 2014, 07:26:51 AM »
Hi toast,

Great to hear the new progress of DNS, I have some questions:

1. If a domain name have not been owned by anyone yet, can I buy it with any price I want?

2.
Quote
We're not after any namespaces except for one TLD.
If I have bought one domain name with my address, how can I bind it with my IP address, the DNS A record is in blockchain?

Do people need to manual config the DNS in the very beginning before accessing my domain name?

3. What's the TLD we are after, how can we get it.
« Last Edit: March 17, 2014, 07:30:27 AM by HackFisher »
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Offline toast

Re: DNS thread on bitcointalk.
« Reply #2 on: March 17, 2014, 07:32:37 AM »
1. If a domain name have not been owned by anyone yet, can I buy it with any price I want?
You can pay any initial bid and that starts the auction. The domain will go to the winner of the auction.
Quote
2. If I have bought one domain name with my address, how can I bind it with my IP address, the DNS A record is in blockchain?
When you own a name you can do a simple transaction to update its value which is just a JSON blob. Conventions should quickly emerge as soon as the first browser extension is developed.
Quote
Do people need to manual config the DNS in the very beginning before accessing my domain name?
People will need a browser extension. Chrome and firefox have 1-click install, users just have to visit domains.bitshares.org once and click one button, then they have access to the new TLD.
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Offline HackFisher

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Re: DNS thread on bitcointalk.
« Reply #3 on: March 17, 2014, 07:38:17 AM »
1. If a domain name have not been owned by anyone yet, can I buy it with any price I want?
You can pay any initial bid and that starts the auction. The domain will go to the winner of the auction.
Quote
2. If I have bought one domain name with my address, how can I bind it with my IP address, the DNS A record is in blockchain?
When you own a name you can do a simple transaction to update its value which is just a JSON blob. Conventions should quickly emerge as soon as the first browser extension is developed.
Quote
Do people need to manual config the DNS in the very beginning before accessing my domain name?
People will need a browser extension. Chrome and firefox have 1-click install, users just have to visit domains.bitshares.org once and click one button, then they have access to the new TLD.

How long will the auction take, one block?
What you mean about the name I bought, a TLD like ".org", or a domain like "bitshares.org"?
Will domains.bitshares.org be a central point of failure, what is its role in the DNS?
Thanks.
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Offline toast

Re: DNS thread on bitcointalk.
« Reply #4 on: March 17, 2014, 07:43:15 AM »
Auction goes until nobody bids for at least 3 days. (Exact number could change but that's the idea).

There is only one TLD, not yet decided. I want ".web". So you will register a domain "hackfisher" and the user will access it with "hackfisher.web", the same way they go to "google.com".

domains.bitshares.org is just one place you could go to get the extension. Have you ever used a browser extension? You just have to download it once from somewhere. It's like an app.
https://chrome.google.com/webstore/category/extensions?utm_campaign=en&utm_source=en-ha-na-us-sk-ext&utm_medium=ha
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Offline CLains

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Re: DNS thread on bitcointalk.
« Reply #5 on: March 17, 2014, 10:45:08 AM »
Adding it to the list of bumpable threads on Asana :)
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Offline santaclause102

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Re: DNS thread on bitcointalk.
« Reply #6 on: March 17, 2014, 01:02:42 PM »
Quote
Auction goes until nobody bids for at least 3 days. (Exact number could change but that's the idea).
Then that would have to include a minimum raise or something (x 1.1 of current price or something).

.com .us .de etc. wouldn't be possible though I guess?

Can you do any ".xxx" you want?
 
Do not completely understand the mechanics of the domain name system.

Offline SuanBing

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Re: DNS thread on bitcointalk.
« Reply #7 on: March 17, 2014, 01:09:15 PM »
How about make a reserve price option to protect domain ower on auction?

I'm guessing BitShares DNS is basically decentralized godaddy+sedo?

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Offline CWEvans

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Re: DNS thread on bitcointalk.
« Reply #8 on: March 17, 2014, 04:07:09 PM »
There is only one TLD, not yet decided. I want ".web". So you will register a domain "hackfisher" and the user will access it with "hackfisher.web", the same way they go to "google.com".

Is that necessary?  Can the domain name not be simply something like http://bob, http://toast, etc.?

Offline Stan

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Re: DNS thread on bitcointalk.
« Reply #9 on: March 17, 2014, 04:12:30 PM »
There is only one TLD, not yet decided. I want ".web". So you will register a domain "hackfisher" and the user will access it with "hackfisher.web", the same way they go to "google.com".

Is that necessary?  Can the domain name not be simply something like http://bob, http://toast, etc.?

Indeed, those names should be the most valuable of all.

In fact, if you are using keyhotee or a plug-in with a new field just for entering BitSharesDNS names, then why even have the ugly http:// at all?

"stan" takes you to the wonderful and ever-popular stan domain which could have whatever sub domains Stan might dot off of them.

If you are on a last-millenium browser, and want to mix last-millenium .xyz names, then I guess we might need to grudgingly extend the existing conventions...  grumble.
« Last Edit: March 17, 2014, 04:21:08 PM by Stan »
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Offline CWEvans

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Re: DNS thread on bitcointalk.
« Reply #10 on: March 17, 2014, 04:26:20 PM »
This raises the opposite concern. If the idea of TLD were dispensed with, how would the browser resolve BitShares DNS com, org, uk, de, ru, etc., versus their conventional counterparts?

Offline toast

Re: DNS thread on bitcointalk.
« Reply #11 on: March 17, 2014, 04:49:17 PM »
I've thought about no-tld before and decided it's not a good idea because it's not clear how to resolve "abc.com.newtld" vs just "abc.com", and also browser URL bars also serve as search bars and so you wouldn't be able to resolve "abc.newtld" vs just a search for "abc".

Of course the names themselves have no TLD attached, so it's just an issue of UX
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Offline Empirical1

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Re: DNS thread on bitcointalk.
« Reply #12 on: March 17, 2014, 04:57:54 PM »
Hi I like the idea of BitsharesDNS a lot. These new Dacs really make me realise the value of still sending in funds to AGS.

Apologies for the long post, (it's predicated on the idea that once you own a domain you could just sell the private key to someone else without the BitsharesDNS network benefitting from the future value of the domain, if this is wrong ignore below.)

----

BitsharesDNS seems to only solve 1/2 the problem.

Problem: Not all pieces of land are worth the same.
Solution: Auction the pieces of land so that they achieve closer to their current market value.

However another real problem is...

Problem: Pieces of land are worth vastly different prices at different times.
Example: If BItsharesDNS becomes popular then the network would have been vastly underpaid for the domains, if BitsharesDNS fails, then the network would have been vastly overpaid for those domains.

(Edit: Also once most of the valuable land has been sold off where is the future value for BitsharesDNS holders? Won't the current model decrease it's value over time, once most of the desirable land has been sold?)

Solution: Some form of leasing.

The Native Indians for example sold Manhatten for roughly $24. That was probably more than they got for other parcels of land but still vastly undervalued relative to Manhatten's future value. Currently BitsharesDNS seems to make shareholders Native Indians?

Contrast this for example to the third richest British man, he is the 6th Duke of Westminster, worth $8 billion. http://en.wikipedia.org/wiki/Gerald_Grosvenor,_6th_Duke_of_Westminster
How? He owns 300 acres of Mayfair and Belgravia (The priciest areas in London) People can still buy and sell properties, but he owns the freehold so they pay a small annual ground rent to him. (The next richest landowner in the London is the Royal family.)

So I think the key to maintianing the value of Bitshares DNS is to create a fair lease system of some sort. This may negatively impact the sale prices in the beginning as the market will adjust to the additional cost but it will ensure the long term success of BitsharesDNS holders (The Royals and Dukes etc. have maintained their wealth over 100's of years by owning the freehold of underlying lands.)

Possible solution:
Every two years for example, each domain is automatically auctioned again. The current owner has 30 days in which he has the option to either sell the domain to the winning bidder or keep his domain for another 2 years by paying 1% of the winning bids price. (1/2 of it may go to final bidder and 1/2 to the network, maybe even a bit to a maintenance and development fund. Thus ensuring BitsharesDNS has long term value and can extract a little bit of value from Domains that go on to be very succesful.)

« Last Edit: March 17, 2014, 05:09:53 PM by Empirical1 »

Offline HackFisher

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Re: DNS thread on bitcointalk.
« Reply #13 on: March 17, 2014, 05:02:03 PM »
is there any dns server after this app? If yes, who will run it, or any one can run it, how to manage these dns servers if they share one app.

can dns server be de–centralized?

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Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline toast

Re: DNS thread on bitcointalk.
« Reply #14 on: March 17, 2014, 05:14:33 PM »
is there any dns server after this app? If yes, who will run it, or any one can run it, how to manage these dns servers if they share one app.

can dns server be de–centralized?

Sent from my GT-N7100 using Tapatalk

The app (browser extension) will first try to consult the blockchain if it is available locally, then if it is not, it will ask some "DNS servers" which also host the blockchain. Just like you can use bitcoin with Bitcoin-Qt, or you can avoid downloading the blockchain and use Electrum.

All that BTS DNS does is let you look up names and get back IP addresses. It is completely decentralized. The best analogy I can think of is to imagine that Bitcoin-Qt and Electrum were both available as browser extensions.
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