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88 sats \ 2 replies \ @ca98am79 OP 9 Jan \ parent \ on: 🔥 🔥 Over 1 BTC irrevocably burned on the Spaces Protocol 🔥 🔥 bitcoin
what is your solution to BIP-353 and centralized domain names and centralized third party certificate authorities? a lot of people want these things decentralized and see the need
Selling Decentralized DNS and names is like selling moon plots, or plots of land in Scotland for noble titles, etc. its a SCAM. its a scam registry that nobody uses, trusts or consumes valid data from.
Names are not a fundamentally solvable problem with cryptocurrency. This is why i believe these projects failed and always will fail. Names have a real world binding to actual physical entities. We cannot solve this with cryptocurrency.
Cryptocurrency has a single purpose, which is to create an immutable ledger of value between peers. Bitcoin is the cryptocurrency with best value capturing proposition, demonstrated since 2009.
An immutable ledgers of names is meaningless and useless to all parties in the general case. It just is not 'trustworthy'. Why would anyone use it?
If i cant bind a name to an actual entity, rather whomever paid the most for it first -- what good is this? Its nonsense.
Because the only thing that matters to me economically in Bitcoin is my own UTXOs, the spam is just spam. If your protocol requires that other peoples spam changes the behavior of my clients; eg: DNS resolution, I am very very uninterested. It is of negative value that some random registered a name. What if they were scammers?
I don't care who owns "sn" in this stupid isolated, proprietary namespace.
Who would?
What i care about is that stacker.news resolves to the 6 correct IP addresses.
Its analogous to convincing people their Websters dictionary definitions are wrong, and they need to trust urban dictionary definitions instead.
Good luck with that