[ SNAPSHOT: 8/21 ] DNS

[mdw]

Nice job @toast the time is drawing near

The name punishing auctions sounds intimidating indeed. That possible feature of offers sounds like it's a much needed escape for those scared of the market, well, punishing them.

Would that offers feature mean that a domain registrant can ask for offers? Or put a price they would like to get out there and hope for offers?

[天籁]

Anyone here thing the 7bn delegate subsidy is too high ? Lots of people in Chinese community complain about it.

I feel it's ok, we need resource to secure the network, and we don't know what's the best proportion. But 5bn(or a little bit lower) for delegates, others for public distribution(including PTSer/AGSer) should be a better balance between net security and public communication now... Anyway, let the market itself to verify how good this proposal is 

[yidaidaxia]

Anyone here thing the 7bn delegate subsidy is too high ? Lots of people in Chinese community complain about it.

I feel it's ok, we need resource to secure the network, and we don't know what's the best proportion. But 5bn(or a little bit lower) for delegates, others for public distribution(including PTSer/AGSer) should be a better balance between net security and public communication now... Anyway, let the market itself to verify how good this proposal is 

[Shentist]

if a understand the formular correct

7000000000 - (7000000000 * (1 - 1/5000000)^((3153600)*T))

then you get this share distribution.

Year   Total amount of shares       increasing of shares per year            for delegates after x years                 1            3.274.540.924,57                   3.274.540.924,57 2            5.017.279.239,61              1.742.738.315,04 3            5.944.779.278,45                 927.500.038,84 4            6.438.402.626,62                 493.623.348,17 5            6.701.113.138,37                 262.710.511,75 6            6.840.929.889,83                 139.816.751,46 7            6.915.341.544,92                   74.411.655,09 8            6.954.944.055,74                   39.602.510,82 9            6.976.020.846,22                   21.076.790,48 10            6.987.238.091,99                   11.217.245,77 11            6.993.208.004,86                     5.969.912,86

@toast
maybe you can tell us your toughts about it? i never read before that you plan this kind of inflation. After 1 year the delegates are the biggest stakeholders and the inflation in the first 2 years are huge. thanks for starting the next DAC.

[muse-umum]

Anyone here thing the 7bn delegate subsidy is too high ? Lots of people in Chinese community complain about it.

[bitmeat]

In the spirit of air-drop I'd like to call that feature "name-drop" lol

[bitmeat]

If I may suggest, to ensure long term involvement and participation from established businesses. Make sure people with .com domains can somehow claim them. This will eliminate squatting names like Facebook, Microsoft, etc. perhaps if they can digitally sign using the DNS records you can award to their public key. Think long term 5 years from now.

[charleshoskinson]

Goodwork Toast. You've worked very hard for this release. Proud of you. 

[arhag]

 

KeyID - replacing usernames everywhere

What do you mean everywhere?

"SignIn with KeyID" - think google/facebook signin only MORE SECURE. OUTRAGEOUSLY SECURE if the website is a .p2p site.
* DNS delegates that act as smart oracles for other decentralized application platforms - ethereum, ripple, etc... KeyID usernames *all over crypto land*.

EVERYWHERE!


All joking around aside, I am really excited for this DAC. Could we finally say goodbye to managing website passwords and worrying about man-in-the-middle attacks? I hope so. And I'm also intrigued by KeyMail and KeyID points. Can't wait to learn more about them.

I am a little concerned with downburns. The economics of a downburn don't make sense to me, if it is what I think it is. Why would someone spend their own money downvoting someone else? Seems like it suffers from the free rider problem. I do have some ideas on how "downburns" (or more like "downvote collateral") could be made into something that interacts with a Lending DAC, effectively making KeyID points into something like a credit score. I'll probably write it about it sometime later.

[svk]

Awesome!

[testz]

Bye bye Namecoin! 

  

[liondani]

 

 

[dexinwong]

great 

[urbanpauper]

 

[Snail]