[video] BitShares DNS

[Overthetop]

It 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? 

[CWEvans]

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?

Initially, you'll need to install a browser plugin that knows how to resolve the domain name.

[phoenix]

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.

In order to try this you need 2001 coins. Your first identity pays 1000 coins to the pool, then your second identity pays 1000.5 to the first identity, and 0.5 to the pool, and has to pay a transaction fee. Your net cost is 1000.5 coins plus transaction fees. If somebody beats your bid, you still get half the difference between your second bid and their first bid, so you do make a profit, even if you aren't the second to last bid

[CrazyCriple]

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?


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[sipak]

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.

Intuitively I don't think this gives any good incentives. In auction we only want bidders who actually want to buy the domain, not profit seeking bidders-speculators, so shareholder could get more profit from true market auction:

If the highest bidder for "domain.bit" is willing to pay maximum 1000 because of his economic calculation and the market for this domain is dense, then the final price will be near this price, so we don't need to pay any bidder to speculate the price higher.

Do we have any real world example of proposed type of "sponsored" auction anyway?

[toast]

no worries, let's just honestly compete over a long period of time

if we pick different TLDs we won't really interfere with each other and we can learn from each other

[blackbeard]

So 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

dotbit.me just released a one click chrome extension

[yellowecho]

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

  Toast FTW !

[phoenix]

Impressive, I like where the DAC industry is going!

[onceuponatime]

So 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

[santaclause102]

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?

A hierarchy of organizations with ICANN at the top (I think).

Browser extensions are 1-click install nowadays

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And it is up to the brwoser to choose the ICANN register or any other (or even a few in parallel?)?

[toast]

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?

A hierarchy of organizations with ICANN at the top (I think).

Browser extensions are 1-click install nowadays

Sent from my SCH-I535 using Tapatalk

[santaclause102]

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?

[Troglodactyl]

For it to be completely mainstream I think either the operating system or the browser needs to integrate with BitShares DNS by default.  Without this, our audience is limited to people who are comfortable installing browser extensions, which seriously should be almost everyone by now, but probably isn't.

[santaclause102]

So browser (copamnies / organizations) are the ones that would have to accept one of those systems? Can they accept a few in parallel?