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General Discussion / Re: BTS: .P2P .DAC - Decentralized DNS using the BitShares blockchain!
« on: May 13, 2015, 06:22:31 pm »
Hey Mike! Glad to see you are hanging around here still!
I won't address everything raised in the thread but I'll hit the highlights.
Two hours vs twenty seconds for domain registration isn't a big deal: in my experience, it takes that long for resolvers to warm up and get things pointing to your host with traditional domains. Just to be clear, you can't steal a Namecoin domain by simply rebroadcasting the initial registration info or even figure out what domain was registered based on the initial registration. You are left with the same race conditions that are true of two traditional registrars registering the same domain at the same time.
When it comes to fighting squatting, the goal is simple: reduce the profits of professional squatters. There are various schemes for fighting them and they could all be benchmarked to see which ones impact squatters more than regular users. However, outside of the initial "sunrise" auction, I think that auctions and complex pricing algorithms would just deter regular consumers. The range of prices is pretty narrow and dictated by competition with other TLDs: anything less than $5 is too low and anything greater than $50 is too high.
I strongly disagree with mechanisms that attempt to extract higher rents from established (legitimate) domains because these domains increase the overall value of the naming system Any system that extracts additional rent from regular users will push them to TLDs that don't have exotic pricing schemes.
It's also fairly easy to foil algorithms designed to punish bulk domain purchasers. For example, you couldn't increase the price for accounts with large numbers of domains beyond the cost of creating a new account. Trying to setup delegates who decide what domains are being squatted on would just kick-start an unprofitable game of cat-and-mouse.
And, again, the range of prices we can charge is very limited. What's the difference between charging $25 per domain vs $5 + a $20 deposit? The fact-of-the-matter is that we don't have enough money to pay someone to even implement such a scheme. I would prefer to just set prices at $20 and mess around with pricing algorithms after we get off-the-ground.
I won't address everything raised in the thread but I'll hit the highlights.
Two hours vs twenty seconds for domain registration isn't a big deal: in my experience, it takes that long for resolvers to warm up and get things pointing to your host with traditional domains. Just to be clear, you can't steal a Namecoin domain by simply rebroadcasting the initial registration info or even figure out what domain was registered based on the initial registration. You are left with the same race conditions that are true of two traditional registrars registering the same domain at the same time.
When it comes to fighting squatting, the goal is simple: reduce the profits of professional squatters. There are various schemes for fighting them and they could all be benchmarked to see which ones impact squatters more than regular users. However, outside of the initial "sunrise" auction, I think that auctions and complex pricing algorithms would just deter regular consumers. The range of prices is pretty narrow and dictated by competition with other TLDs: anything less than $5 is too low and anything greater than $50 is too high.
I strongly disagree with mechanisms that attempt to extract higher rents from established (legitimate) domains because these domains increase the overall value of the naming system Any system that extracts additional rent from regular users will push them to TLDs that don't have exotic pricing schemes.
It's also fairly easy to foil algorithms designed to punish bulk domain purchasers. For example, you couldn't increase the price for accounts with large numbers of domains beyond the cost of creating a new account. Trying to setup delegates who decide what domains are being squatted on would just kick-start an unprofitable game of cat-and-mouse.
And, again, the range of prices we can charge is very limited. What's the difference between charging $25 per domain vs $5 + a $20 deposit? The fact-of-the-matter is that we don't have enough money to pay someone to even implement such a scheme. I would prefer to just set prices at $20 and mess around with pricing algorithms after we get off-the-ground.