0 Members and 1 Guest are viewing this topic.
Have you looked at http://dotp2p.io?That's our new home page for this project. There will be a much more professional intro video there soon, and there is a bit more useful info there now.
Quote from: mdw on May 28, 2014, 11:39:17 amI was glad to see the video, as there has been little other mention of BitShares DNS elsewhere. It had lots of good info. I did also listen to the radio show but it was completely void of useful information. Not much toast featured on there, basically just a boring rant about the awful Namecoin community.Production quality on the video is weak, as noted in the subreddit, but I don't think people seeking information really care. Honestly I'm inclined to agree with some of the points made in that subreddit though. There seemed to be questionable assumptions put forth, really sloppy choices of terminology thoughout, and a dismissive attitude that does a disservice to legitimately interesting ideas. Rehearsal and editing can go a very long way to address these.Kudos toast for spending time discussing the auction-style price discovery mechanism. I think it's a unique approach in the next-gen DNS project space and should be emphasized as it differentiates this approach from others. When you go to make the next video or presentation, it would be super effective to create some graphics ahead of time exactly like what was sketched out on the whiteboard, but find a way to clearly articulate the rationale for it.Have you looked at http://dotp2p.io?That's our new home page for this project. There will be a much more professional intro video there soon, and there is a bit more useful info there now.
I was glad to see the video, as there has been little other mention of BitShares DNS elsewhere. It had lots of good info. I did also listen to the radio show but it was completely void of useful information. Not much toast featured on there, basically just a boring rant about the awful Namecoin community.Production quality on the video is weak, as noted in the subreddit, but I don't think people seeking information really care. Honestly I'm inclined to agree with some of the points made in that subreddit though. There seemed to be questionable assumptions put forth, really sloppy choices of terminology thoughout, and a dismissive attitude that does a disservice to legitimately interesting ideas. Rehearsal and editing can go a very long way to address these.Kudos toast for spending time discussing the auction-style price discovery mechanism. I think it's a unique approach in the next-gen DNS project space and should be emphasized as it differentiates this approach from others. When you go to make the next video or presentation, it would be super effective to create some graphics ahead of time exactly like what was sketched out on the whiteboard, but find a way to clearly articulate the rationale for it.
Quote from: toast on April 02, 2014, 09:24:16 pmQuote from: heyD on April 02, 2014, 09:14:38 pmtoast,I still don't understand fully about the Auction part even refering the informtion here https://github.com/nmushegian/dns/blob/master/whitepaper.mdCan you please describe the process using an example ?Is this more clear? I updated the paperQuoteYou can kick off an auction by sending a transaction with a domain claim output if that domain has never been bid on before, or is expired. The domain remains in auction until DNS_AUCTION_BLOCKS blocks have passed since the last bid on that domain. (Note: Because the auction "timer" is reset in this way, nobody gains from being able to make faster bids and so there is a rule that there can be at most one bid per name per block.)Every time someone makes a bid, the previous bidder is paid back his original bid plus a small fraction of the difference between the and the previous bid. This gives speculators an incentive to drive up the price and a way to profit without squatting the domain and reselling it. The rest of the difference is paid as a dividend to the network. If the person who won the domain was just a speculator who cannot make use of it, they have strong incentive to sell it back to the market at a small loss because of the opportunity cost of the lost dividends while the domain is held.The end result is that a domain will keep re-appearing on the market while fluctuating around its "true" (market-perceived) price, until someone who actually wants to make use of that name buys it at the market price.So an example is:"name" has never been taken before.A bids 10 for "name"B bids 15 for "name". A gets 12.5, the network gets 2.5 as dividends.C bids 17 for "name". B gets 16, the network gets 1 as dividends.~ Nobody bids for 3 days, C won the domain ~C puts the name back up for sale at 12.D bids 13. C gets 12.5, the network gets 0.5 as dividends.Here the dividend ratio is 50%, in reality it will be higher.Thanks, clear now.
Quote from: heyD on April 02, 2014, 09:14:38 pmtoast,I still don't understand fully about the Auction part even refering the informtion here https://github.com/nmushegian/dns/blob/master/whitepaper.mdCan you please describe the process using an example ?Is this more clear? I updated the paperQuoteYou can kick off an auction by sending a transaction with a domain claim output if that domain has never been bid on before, or is expired. The domain remains in auction until DNS_AUCTION_BLOCKS blocks have passed since the last bid on that domain. (Note: Because the auction "timer" is reset in this way, nobody gains from being able to make faster bids and so there is a rule that there can be at most one bid per name per block.)Every time someone makes a bid, the previous bidder is paid back his original bid plus a small fraction of the difference between the and the previous bid. This gives speculators an incentive to drive up the price and a way to profit without squatting the domain and reselling it. The rest of the difference is paid as a dividend to the network. If the person who won the domain was just a speculator who cannot make use of it, they have strong incentive to sell it back to the market at a small loss because of the opportunity cost of the lost dividends while the domain is held.The end result is that a domain will keep re-appearing on the market while fluctuating around its "true" (market-perceived) price, until someone who actually wants to make use of that name buys it at the market price.So an example is:"name" has never been taken before.A bids 10 for "name"B bids 15 for "name". A gets 12.5, the network gets 2.5 as dividends.C bids 17 for "name". B gets 16, the network gets 1 as dividends.~ Nobody bids for 3 days, C won the domain ~C puts the name back up for sale at 12.D bids 13. C gets 12.5, the network gets 0.5 as dividends.Here the dividend ratio is 50%, in reality it will be higher.
toast,I still don't understand fully about the Auction part even refering the informtion here https://github.com/nmushegian/dns/blob/master/whitepaper.mdCan you please describe the process using an example ?
You can kick off an auction by sending a transaction with a domain claim output if that domain has never been bid on before, or is expired. The domain remains in auction until DNS_AUCTION_BLOCKS blocks have passed since the last bid on that domain. (Note: Because the auction "timer" is reset in this way, nobody gains from being able to make faster bids and so there is a rule that there can be at most one bid per name per block.)Every time someone makes a bid, the previous bidder is paid back his original bid plus a small fraction of the difference between the and the previous bid. This gives speculators an incentive to drive up the price and a way to profit without squatting the domain and reselling it. The rest of the difference is paid as a dividend to the network. If the person who won the domain was just a speculator who cannot make use of it, they have strong incentive to sell it back to the market at a small loss because of the opportunity cost of the lost dividends while the domain is held.The end result is that a domain will keep re-appearing on the market while fluctuating around its "true" (market-perceived) price, until someone who actually wants to make use of that name buys it at the market price.
Video was great, do more of them. Ignore the haters. Honestly if you were spending months making really professional videos instead of DACs, I don't think anyone would be happy.
Comments from someone when I posted to /r/Namecoin: http://www.reddit.com/r/Namecoin/comments/20m3wu/video_comparison_of_bitshares_dns_vs_namecoin/QuoteJust popping in to point out some innacuracies after watching the video.you state "namecoin price per domain is fixed", that is incorrect. Namecoin has been around for years now, the cost of the domains started out at 50 NMC each. They appear to be fixed only for now.Bitshares' PoS being better than Namecoin's PoW is a strawman argument, as no extra energy whatsoever is spent mining namecoins. Mining namecoins is virtually free, so long as the Bitcoin network exists.You could have put a bit more planning into the video, I am not impressed watching you hum and haw about what you're going to talk about next... but I understand I would probably make a similarly awkward video. Just watch it and edit it before you release it next time, you will be received much better I guarantee it.yes and no are not points. Also, I wish you would have elaborated more on what exactly a domain auction is and how it works via bitshares.you come off as snarky/rude towards namecoiners by smirking every time you mention how namecoin works. (like duhhh, right guys? Namecoin is soooo dumb and outdated!) We've been around for a lot longer than you, son. Give us some respect.who/what do you guys keep looking at off in the far distance when speaking to the camera!??! Jesus! lolit is not set in stone that namecoin domain purchase transactions will be eaten by the network, miners may receive them at a later date after registration in the future, namecoin is still in it's infancy.wtf is "ageoshare funding"? Is that what you said? And then wrote AGS funding? I looked it up and couldn't find anything about it.claiming namecoin has no funding is an outright lie.that's where I turned off the video.All in all, you guys need some serious work on your professionalism, bullying competing coins, and public speaking skills. You failed at all 3 of those in this video.
Just popping in to point out some innacuracies after watching the video.you state "namecoin price per domain is fixed", that is incorrect. Namecoin has been around for years now, the cost of the domains started out at 50 NMC each. They appear to be fixed only for now.Bitshares' PoS being better than Namecoin's PoW is a strawman argument, as no extra energy whatsoever is spent mining namecoins. Mining namecoins is virtually free, so long as the Bitcoin network exists.You could have put a bit more planning into the video, I am not impressed watching you hum and haw about what you're going to talk about next... but I understand I would probably make a similarly awkward video. Just watch it and edit it before you release it next time, you will be received much better I guarantee it.yes and no are not points. Also, I wish you would have elaborated more on what exactly a domain auction is and how it works via bitshares.you come off as snarky/rude towards namecoiners by smirking every time you mention how namecoin works. (like duhhh, right guys? Namecoin is soooo dumb and outdated!) We've been around for a lot longer than you, son. Give us some respect.who/what do you guys keep looking at off in the far distance when speaking to the camera!??! Jesus! lolit is not set in stone that namecoin domain purchase transactions will be eaten by the network, miners may receive them at a later date after registration in the future, namecoin is still in it's infancy.wtf is "ageoshare funding"? Is that what you said? And then wrote AGS funding? I looked it up and couldn't find anything about it.claiming namecoin has no funding is an outright lie.that's where I turned off the video.All in all, you guys need some serious work on your professionalism, bullying competing coins, and public speaking skills. You failed at all 3 of those in this video.
Quote from: toast on March 16, 2014, 10:03:00 pmIt was to communicate "angelshare funding", I didn't mean to imply distribution. DNS will be 50/50 pts/ags.That is great! and how about the volume of DNS?
It was to communicate "angelshare funding", I didn't mean to imply distribution. DNS will be 50/50 pts/ags.
i like the concept but I don't understand how this will be integrated in the existing DNS infrastructure. All existing ISP's would have to switch? Or is this a whole different sector?
I cant get my head arround the economics of domain auction proposed in the video. Why should anybody not actually winning the auction get half of profits? Why this is applicable only to the second highest bid? At least I see the following problem:I can always use two different identities to make two subsequent highest bids: for example 1000 and 1001 immediately one after another. If 1001 wins I will get the domain for half of that price. If not somebody else will win it doing 1002 and 1003 effectively eliminating true second highest bidder.
Quote from: delulo on March 16, 2014, 10:41:30 pmSo browser (copamnies / organizations) are the ones that would have to accept one of those systems? Can they accept a few in parallel?freespeechme.org has a free plugin for firefox that handles .bit I'm sure we could do the same for .dns
So browser (copamnies / organizations) are the ones that would have to accept one of those systems? Can they accept a few in parallel?
Okay - toast is the man. This guy is 20, and he's got potential... (1) He's sharp, (2) He's a good speaker and has potential to become a really good speaker (3) He can develop software like a champ. I3 could really grow with toast and vice versa, my two cents
Quote from: delulo on March 16, 2014, 11:24:24 pmWho gets the 1,48€ I pay atm for a .dom domain? And where does godaddy (or any such company) get their right from to sell domains? Godaddy pays who?A hierarchy of organizations with ICANN at the top (I think).Browser extensions are 1-click install nowadaysSent from my SCH-I535 using Tapatalk
Who gets the 1,48€ I pay atm for a .dom domain? And where does godaddy (or any such company) get their right from to sell domains? Godaddy pays who?
Wouldnt it be necessary that some organization (more abstractly a consensus about who handles it) that handles a domain name register to acknoledge this system? I know Namecoin or BTS DNS are supposed to replace exactly this. But is the availability of the system as such enough. Doesnt it need some "political effort" to make this the system that everyone agrees upon worldwide?