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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: toast on March 17, 2014, 07:09:03 AM



Title: .p2p TLD (bitshares DNS): Profitable (?!). Disinsentives squatting. DPOS.
Post by: toast on March 17, 2014, 07:09:03 AM
NameShares and .p2p

http://dotp2p.io (http://dotp2p.io)


Bitcoin Derivatives vs BitShares Derivatives

Bitcoins have no dividend or potential future dividend, therefore not like a stock. (They’re) more like a collectible or commodity.
-Satoshi, Aug. 27, 2010

Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone.
-Satoshi, June 21, 2010


Initial Distribution?
Angelshare/Protoshare/Namecoin holdings at not-yet-decided snapshot date.

Mining Algorithm?
Go away!

What's TAPOS?

It’s hard to imagine the Internet getting segmented airtight. It would have to be a country deliberately and totally cutting itself off from the rest of the world.
-Satoshi,  July 8, 2010

When someone tries to buy all the world’s supply of a scarce asset, the more they buy the higher the price goes. At some point, it gets too expensive for them to buy any more. It’s great for the people who owned it beforehand because they get to sell it to the corner at crazy high prices. As the price keeps going up and up, some people keep holding out for yet higher prices and refuse to sell. The Hunt brothers famously bankrupted themselves trying to corner the silver market in 1979.
- Satoshi, July 9, 2010

Timeframe?
Q2

So will this be competing with Namecoin?
Yes, in all the best ways. We won't interfere with .bit and hope both projects can learn from each other. We're not after any namespaces except for one TLD.




Ask questions so I know what info to update with.


Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: moon584 on March 17, 2014, 07:36:54 AM
Great! Work hard!!


Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: lzr1900 on March 17, 2014, 08:04:44 AM
Keep moving. ;)


Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: xeroc on March 17, 2014, 08:37:21 AM
I'm in..

TaPOS rox hard ..


Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: dr_chen on March 17, 2014, 09:57:37 AM
Good news.



Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: CLains on March 17, 2014, 10:44:25 AM
Interested.

..  :D


Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: SuanBing on March 17, 2014, 11:58:44 AM
Interested


Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: cgafeng on March 17, 2014, 12:06:11 PM
good job!


Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: Robif on March 17, 2014, 12:31:58 PM
This is going in great direction. Every day there is more and more decentralized technologies that improves our lives and makes it easier.

Great work and keep it up!  ;)

+5%


Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: currencydebt on March 17, 2014, 04:58:04 PM
This looks like a very promising project, what's your best guesstimate eta in Q2? April, May or June?


Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: toast on March 17, 2014, 05:10:22 PM
This looks like a very promising project, what's your best guesstimate eta in Q2? April, May or June?


The optimist in me says mid-May. I'm gonna avoid making any promises.


Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: super3 on March 17, 2014, 05:51:59 PM
I'll repost a bit of what I said on the Bitshares forum:

To add to that I think it clear that the direct to consumer route for a DNS system will not work. Namecoin tried this and failed. Bitcoin users might be interested to install the software, but the other 99% percent of the consumer base won't care enough to install some plugins for some obscure domain name system. You can beat the network effect of the system the entire internet uses.

This would be my strategy if I was running Bitshares DNS:

1) Create Bitshares DNS to spec
2) Create a traditional company
3) Have that company create APIs that allow easy support with legacy DNS systems.
4) Make tons of money selling the APIs to the Bitshares DNS. You reduce the workload of backbone providers by 90%. Blockchain based DNS system solved:

  • Domain Squatting
  • DNS Poisoning
  • Long DNS Propagation Times
  • No need for specialized hardware anymore. Just needs to be able to run the Bitshares Client.
  • Eliminates downtime and censorship

5) Suddenly now everyone supports the system with no effort on the part of the users



Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: CLains on March 18, 2014, 12:10:27 PM
Blockchain based DNS system solved:

  • Domain Squatting

This.
Is. Awesome.


Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: infovortice2013 on March 18, 2014, 05:01:01 PM
hi , good job sound really well, i traduced to spanish ,,, but not find a fastway to add like subtitles , so i think better write in here directly.


Hola, somos Nikolai(Toast) & Daniel (ByteMaster) y estamos aquí para presentarles BITSHARES DNS o Domain Shares ,,, aquí os dejo con Toast para que os presente las características,,,
Hola, a continuación veremos las diferencias entre bitshares DNS a la izquierda y Namecoins a la derecha. Empecemos comparando el modelo de seguridad de ambos sistemas, vemos que Namecoin usa algoritmo POW el cual tiene un consumo energético elevado para los mineros, por esto el precio de la shares va subiendo, lo cual repercute a largo plazo en que los stake holders al sacar mas vendiendo las shares que guardándolas el sistema tiende a encogerse, empequeñecerse.
Por el contrario Bitshares usa un modelo de transacción de seguridad T.a POS proof of stake, no necesita super rigs o mineros dedicados ni super gráficas, consumiendo una mínima parte de energía que namecoin. Básicamente la red de mineros tiene un gran ahorro de mantenimiento gracias a el uso de T.a POS lo cual repercute positivamente en el rendimiento / dividendos que recibirán los mineros/stakeholders.
A esto lo llamaremos ventas; Namecoin tiene price fix domain sales, usan un precio fijo para todos los dominios, cuestan por ejemplo 0.01 o 0.2 btc cada dominio para todos los user, es decir no puedes vender por lo que quieras. Bithshares DNS usa un sistema de SUBASTA , con lo cual tu puedes vender tus dominios mas demandados por una buena cantidad, que a su vez también repercutirá en un aumento de ingresos por comisión o dividendos para la red. Pues bien ahora vamos a sumar esos parámetros y vemos la productividad de ambos sistemas para sus inversores y la rentabilidad de sus shares, Bitshares DNS aumenta el valor de sus shares y namecoin lo disminuye.
Me gustaría hablaros un poco del sistema de gestión económico de bitshares DNS lo común es que el inversor compre una gran cantidad de dominios baratos con la esperanza de venderlos después a un precio de 1 millón de dolares en subasta  por ejemplo, es mejor para todos. Otra consideración NO técnica es saber como se financian ambos proyectos, en el caso de Namecoin su financiación proviene de de pequeñas donaciones, webmaster con interés concretos, traders de dominios. Bitshares DNS usa Angel Shares para financiar los diferentes subproyectos  que han de ser desarrollados, el dinero total esta listo para ser usado al momento. Cualquiera puede adquirir una opción para cualquier nombre de dominio que este disponible, por ejemplo google.com , entonces el primero que compra el dominio paga por ejemplo una cantidad X, la cual va completa para la red, al tiempo quiere vender el dominio lanza la subasta y saca 2X, de esta cantidad X+10% sera para el vendedor y X-10% para pagar dividendos a la red. Así vemos como va creciendo el valor de las opciones en el tiempo, de llegar a un precio demasiado elevado que nadie quiere pagar el vendedor podria recrear la opción igual pero por un precio menor. Otra de las características del sistema es que no se pagan tasas/fees por las ventas de las opciones ni por los repartos internos, no hay necesidad de crear la opción todos los años.
Nicolai es el desarrollador con el que estamos trabajando estos días, el a implementado la mayoría de los últimos avances ,,,,, Si soy profesional titulado , pero mi diversión esta con este leguaje así que para mi es un placer poder desarrollar con invictus innovations.
Nicolai esta abstrayendo los primeros protocolos para la creacion de DACs, asi que os estaremos informando estos días de las primeras novedades. Si quereis saber mas no dudeis en visitar bitshares.org ,,,,, Un saludo de Nicolai y Daniel.


Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: toast on March 18, 2014, 06:17:13 PM
Thanks! I'll put it in the OP


Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: testz on March 19, 2014, 02:49:48 AM
Looking forward  :)


Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: dcchong on March 19, 2014, 08:45:18 AM
 :Dgood job


Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: xeroc on March 19, 2014, 10:06:34 AM
  • Domain Squatting
  • DNS Poisoning
  • Long DNS Propagation Times
  • No need for specialized hardware anymore. Just needs to be able to run the Bitshares Client.
  • Eliminates downtime and censorship
f***ing great stuff ...


Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: zorco on March 22, 2014, 05:09:29 PM
This looks interesting. What are the advantages to Namecoin  ?
Not sure I understand how Bitshare DNS solve the problems of Domain Squatting ?


Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: G1ng3rBr34dM4n on March 22, 2014, 07:55:57 PM
  • Domain Squatting
  • DNS Poisoning
  • Long DNS Propagation Times
  • No need for specialized hardware anymore. Just needs to be able to run the Bitshares Client.
  • Eliminates downtime and censorship
f***ing great stuff ...

+1!


Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: allwelder on March 26, 2014, 04:38:05 AM
another vision


Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: opticalcarrier on March 26, 2014, 02:56:27 PM
How does your proposal deal with the scenario of a company, lets call companyA, who is a very large, rich, hostile company and we also have companyB, a small company who is a new competitor to comapanyA?  Wouldnt companyA just constantly disrupt companyB's DNS operations by buying companyB's DNS out on auctiont?  CompanyA would have a very large incentive to do so, and companyB may not be able to afford to fight it.


Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: bitcoinpaul on March 27, 2014, 07:30:06 AM
Interesting. Let's see where this goes.


Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: opticalcarrier on March 27, 2014, 12:41:41 PM
It looks very interesting. What are the advantages to Namecoin?
Not sure I understand how Bitshare the DNS to resolve the problem of cybersquatting?

Because its an aucion and subjected to being auctioned off at anytime to someone willing to pay more than you did.  Though when this happens you do get wht you paid for it plus a tiny bit more returned to you.


Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: MisO69 on March 27, 2014, 02:01:20 PM
How does your proposal deal with the scenario of a company, lets call companyA, who is a very large, rich, hostile company and we also have companyB, a small company who is a new competitor to comapanyA?  Wouldnt companyA just constantly disrupt companyB's DNS operations by buying companyB's DNS out on auctiont?  CompanyA would have a very large incentive to do so, and companyB may not be able to afford to fight it.

From watching the video, companyB would have to create an auction for their domain in order for others to bid on it. If they wanted to keep their domain they would simply not auction it and have it indefinitely. My question is how do you claim your domain name to begin with? Does every new domain get auctioned to the highest bidder? If that is the case then the scenario above is a very real threat.





Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: opticalcarrier on March 27, 2014, 02:25:26 PM
From watching the video, companyB would have to create an auction for their domain in order for others to bid on it. If they wanted to keep their domain they would simply not auction it and have it indefinitely...

if companyB is the owner, but the system relies on companyB to put the domain up for auction, then people can squat just like in namecoin.


Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: toast on March 28, 2014, 02:10:23 PM
From watching the video, companyB would have to create an auction for their domain in order for others to bid on it. If they wanted to keep their domain they would simply not auction it and have it indefinitely...

if companyB is the owner, but the system relies on companyB to put the domain up for auction, then people can squat just like in namecoin.


What?
Initially nobody owns it. An auction starts. Suppose company B wins. Now the don't have to sell it to company A no matter what. They don't have to start an auction.
Now suppose instead company A wins the initial auction. Too bad, company A owns it.


Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: opticalcarrier on March 28, 2014, 02:45:12 PM
From watching the video, companyB would have to create an auction for their domain in order for others to bid on it. If they wanted to keep their domain they would simply not auction it and have it indefinitely...

if companyB is the owner, but the system relies on companyB to put the domain up for auction, then people can squat just like in namecoin.


What?
Initially nobody owns it. An auction starts. Suppose company B wins. Now the don't have to sell it to company A no matter what. They don't have to start an auction.
Now suppose instead company A wins the initial auction. Too bad, company A owns it.

ok i misunderstood the video then.  Since the video mentioned that the mechanism forced the network to determine the true market value of a name, then I thought that your mechaism to prevent squatting was that anyone could start an auction for it at any time, and the network would then be able to determine the market value that way, with some proceeds being returned to the previous owner to reimburse for their previous purchase.

That was why I thought a hostile company with loads of money would just grab a competitors name.  But if the reality that if you win the initial auction then the name is yours perm, then whats to keep everyone from immediately jumping in as soon as this feature is released and just grabbing tons of names for purposes of squatting?  Sure, its an auction then, but what about future companies that want the name?  Wouldnt this still be squatting?


Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: crimealone on March 28, 2014, 02:58:39 PM
Initial Distribution?
50/50 AGS/PTS holdings at not-yet-decided snapshot date

Does this mean that only people who hold AGS/PTS can get this?


Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: toast on March 28, 2014, 06:27:21 PM
That was why I thought a hostile company with loads of money would just grab a competitors name.  But if the reality that if you win the initial auction then the name is yours perm, then whats to keep everyone from immediately jumping in as soon as this feature is released and just grabbing tons of names for purposes of squatting?  Sure, its an auction then, but what about future companies that want the name?  Wouldnt this still be squatting?

This is squatting at a *much larger opportunity cost* because you are not earning dividends on the DNS you trade away in exchange for those names or speculating on other names (which is a lot of DNS, you buy them at full price).

Worst case company B who is "unworthy" of owning company.p2p (why are we questioning their ownership anyway? there is no way to avoid SOME kind of land rush...) bought it first but then don't do anything with it and won't sell it at a reasonable price then company A just buys something else. It's like those little old ladies who won't sell their houses in Manhattan. They won't make more off of it than the $75,000,000 they'd get for their lot, we can't really stop that.


Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: opticalcarrier on March 28, 2014, 07:17:15 PM
right, I did see that as the case.  I guess that is about as good as a situation that is possible.  cool stuff, good luck


Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: toast on March 31, 2014, 12:56:29 AM
Just launched an info site: http://nmushegian.github.io/dns/


Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: betax on April 04, 2014, 06:00:12 AM
Just launched an info site: http://nmushegian.github.io/dns/

Great Ill check it out


Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: toast on April 21, 2014, 02:17:53 AM
Another iteration on the website, this time with much more information. Update OP as well.

http://dotp2p.io (http://dotp2p.io)


Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: SlyWax on April 21, 2014, 03:50:05 AM
So basically this will be a Name Squatting Battlefield Paradise (NSBP).

Because either you get outbid by someone else and thus win some small profit, or you win the bid and plan to make a even greater profit by reselling it.

Your only hope as a developer is that the squatters will fight each other so much that it won't be profitable for the last one, or that it will be expansive to squat a lot of domain names.

My prediction is that it will be a big bubble rush and then people will end up with names that they don't even use.

Question 1 : How will you redistribute the paid money to the network, is it by destroying the coins ?
Question 2 : Will you register a TLD (Top level domain) so that people just have to type the address in their browser ? Because otherwise it's prone to failure ! Unfortunately a TLD is quite expansive and is regulated.


Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: toast on April 21, 2014, 05:32:28 AM
So basically this will be a Name Squatting Battlefield Paradise (NSBP).

Because either you get outbid by someone else and thus win some small profit, or you win the bid and plan to make a even greater profit by reselling it.

Your only hope as a developer is that the squatters will fight each other so much that it won't be profitable for the last one, or that it will be expansive to squat a lot of domain names.

My prediction is that it will be a big bubble rush and then people will end up with names that they don't even use.

I agree with you about the rush at the start. I think you will see names "bubble up" and then bounce around their perceived market price until someone who can actually make use of that name at that price comes along and snatch it up. The hope is that squatters and ninjas (grabbing expired domains) are faced with a high, concrete opportunity cost.

Quote
Question 1 : How will you redistribute the paid money to the network, is it by destroying the coins ?
Correct. The DAC's unit of account is one BIP, or one billionth of the total share supply. So the share supply would be constantly decreasing while your functional balance would be constantly increasing.
Quote
Question 2 : Will you register a TLD (Top level domain) so that people just have to type the address in their browser ? Because otherwise it's prone to failure ! Unfortunately a TLD is quite expansive and is regulated.
No, we will bypass the existing system entirely. Adoption phases are roughly: manual configuration, friendly browser extension (some 3rd party "killer app"), native browser support.


Great questions, thanks for your post.


Title: Re: Bitshares DNS: Profitable (?!). Disinsentives squatting. Well-funded.
Post by: rystsov on May 06, 2014, 03:43:51 PM
In recent times I've been very interested in this area (distributed naming systems) and several days ago I collected all my ideas into an article. I think you might be interested. Here (https://bitcointalk.org/index.php?topic=596453) is the link to the bitcointalk discussion.


Title: Re: .p2p TLD (bitshares DNS): Profitable (?!). Disinsentives squatting. DPOS.
Post by: CLains on August 10, 2014, 11:45:41 AM
If you hold BitShares PTS (formerly known as Protoshares) in your wallet 21th August

you will be given a stake in both BitShares Vote (https://bitsharestalk.org/index.php?topic=6508) and BitShares DNS (https://bitsharestalk.org/index.php?topic=6509).

When BitShares Vote and BitShares DNS launch, you import your BitShares PTS wallet's private key to receive your stake in each (instructions will be given).

This means that you should retain control of the BitShares PTS wallet until Vote and DNS launches.
This means that only the amount of BitShares PTS you held in your wallet at 21th of August will matter to how much stake you get in Vote and DNS.

Also note that this means that BitShares PTS price will fall immediately after August 21th,
as everyone who bought BitShares PTS just to get a stake in Vote and DNS will be free to sell their PTS.

Also note that BTER and BTC38 will take snapshot of your PTS for you, to make it easier for users,
https://bter.com/article/2278
https://bitsharestalk.org/index.php?topic=6705.0

More info on BitShares DNS here,

Video (Draft): https://www.youtube.com/watch?v=qeweF05tT50
Webpage: http://dotp2p.io/ (new webpage will be launched soon)
Final Allocation, https://bitsharestalk.org/index.php?topic=6753.0
More info here, http://wiki.bitshares.org/index.php/.p2p_(BitShares_DNS)

More info on BitShares VOTE here,

Developed by FollowMyVote, visit their webpage here, http://followmyvote.com/
BitShares VOTE whitepaper, http://followmyvote.com/wp-content/uploads/2014/08/The-Key-To-Unlocking-The-Black-Box-Follow-My-Vote.pdf

General info about BitShares here,

http://wiki.bitshares.org/
http://bitshares.org/


Title: Re: .p2p TLD (bitshares DNS): Profitable (?!). Disinsentives squatting. DPOS.
Post by: jiefangqian on August 13, 2014, 01:45:17 AM
good

bitshares DNS to the moon


Title: Re: .p2p TLD (bitshares DNS): Profitable (?!). Disinsentives squatting. DPOS.
Post by: pairmike on August 13, 2014, 04:55:39 AM
BitShares DNS will create competition for domain registrars. The .p2p extensions will scream decentralization.


Title: Re: .p2p TLD (bitshares DNS): Profitable (?!). Disinsentives squatting. DPOS.
Post by: bitcoinxiaoshan on August 13, 2014, 08:25:39 PM
Looking forward to its release!Probably it's gonna bring a revolution to the current internet 8)   


Title: Re: .p2p TLD (bitshares DNS): Profitable (?!). Disinsentives squatting. DPOS.
Post by: brownmon on October 09, 2014, 05:23:32 AM
What's going on with this?  (Bitshares DNS)

Where's the main ANN?

How many Bitshares DNS coins are there total now, and how many could there be eventually?


Title: Re: .p2p TLD (bitshares DNS): Profitable (?!). Disinsentives squatting. DPOS.
Post by: jasemoney on October 09, 2014, 05:43:36 AM
What's going on with this?  (Bitshares DNS)

Where's the main ANN?

How many Bitshares DNS coins are there total now, and how many could there be eventually?
theres 5 billion, they were awarded based on the most recent PTS snapshot in August, coins distributed within the past few days.
theyre traded as DNS on poloniex & bter
visit bitsharestalk.org most of the conversation is there under the forum category "KeyID"