.BITCOIN waiting for INAIC approval?

[chrocht]

Hi all,

I tried to find some funny-looking Bitcoin related domain I can use to test very small project. Everything was reserved so I went for bitcoin.plumbing.
Then I found TLD.NAME offers registrations of TLD domains. I typed "bitcoin" into check field expecting some info about state of this domain. I was really surprised when I saw that .bitcoin domain is not registered. I was little wasted so I didn't bother to do much research and just filled the form, paid registration fee by credit card and get this confirmation email: (invoice info removed)

Thank you for registering TLD: .BITCOIN.
Your TLD request is submitted for approval to the INAIC Council. The INAIC Council shall not refuse to approve TLDs, except for TLDs that might cause conflicts in the future. If the INAIC Council does not approve your TLD Request, your registration fee will be refunded.

TLD.NAME invites you to subscribe to TLD-News. TLD-News is a newsletter published by the INAIC. TLD-News provides complete coverage of the fast changing TLD industry. As soon as a new TLD is created it will be announced by TLD-News. To subscribe to TLD-News visit: http://inaic.com/index.php?p=tld-news
If you have any questions about this email, your TLD or the registration fee, please contact, please contact TLD.NAME support: site@tld.name

Regards,
TLD.NAME
Approved and Accredited by the Internet Names Authorization & Information Center (INAIC)


Your TLD Request:
pTLD: .BITCOIN


TLD-Server 1: tld1.public-root.net
TLD-Server 2: tld2.public-root.net


Motivation:
I'm supporter of Bitcoin network and I've just tried to find a domain for my Bitcoin related activities. Unfortunately it seems that all pre-orders for good bitcoin domains are already taken. Just by coincidence I noticed that TLD for Bitcoin in available to register at your site for 1000 USD. If it is really true and domain speculators forget to register it, I would like to buy it myself and save it for Bitcoin community before somebody hostile to Bitcoin will take it. I plan to resell domains for BTC exclusively just to people who have trust of Bitcoin community. I will consult it with Bitcoin Foundation and trusted individuals like Andreas Antonopoulos.


Remarks:
I have no prior agreement with any Bitcoin related business about this domain. I'm not even member of Bitcoin foundation. I'm not regular domain speculator but as active private investor I see this as long term investment. I probably accidentaly sent this form under TLD zoidberg which I opened in next tab, please ignore it :-)

Did I just registered this domain or did something incredibly stupid?
If INAIC Council approves it then we should start to think what to do with it. I would like to avoid selling .bitcoin domains for highest bid because it will end up messy like any other domain. I think it should be implemented in decentralized way using blockchain. Or should namecoin be used?

Any ideas are welcomed. If it gets approved I would need help from people specializing in DNS services. I'm SmartCard and crypto oriented developer and I think I will GOX it if try to implement it myself. Also I have almost no free time to handle such big project.

chrocht

[maardein]

AFAIK the starting price for buying a TLD is $185k. Add $25k yearly upkeep cost to that. And last time I checked you would have to show them that you are capable of managing a TLD, including registration of domain names, DNS etc.

[bananas]

Are you aware of the costs? http://domainnamewire.com/2012/07/24/just-how-much-do-new-top-level-domains-cost-anyway/

[maardein]

Are you aware of the costs? http://domainnamewire.com/2012/07/24/just-how-much-do-new-top-level-domains-cost-anyway/

Exactly what I thought. However, at the site where he registered, they claim that the price is only $1000, with $250 yearly upkeep. That could be worth it as an investment

I wonder if it's legit?

[DeathAndTaxes]

The $1K was just an application fee.  You are asking to create an entire new TLD and the requirements and costs are significant.

Nope just was some alternate TLD system used by essentially nobody.  So you do own .bitcoin on a system nobody uses (and almost certainly nobody will use in the future).

[chrocht]

The $1K was just an application fee.  You are asking to create an entire new TLD and the requirements and costs are significant.

If I undersand it correctly, it's just 1 year registration fee. But I don't need to built custom Registrar service right now. I can agree with any existing Registrar or just sell the domain. I think that worst thing that can happen is that I loose 1K USD.

[Zimbabwecoin]

The site you registered with is not correct for a REAL top level domain.

The real ones had a round of applications which ended in the last year. Those applications cost $185,000 and auctions for conflicting domains.

Real TLD applications are only performed through http://icann.org

For all the real details check out http://newgtlds.icann.org/en/

I spent 14 years in the domain name industry.

[Zimbabwecoin]

I would suggest charging back on the credit card. Call your credit card company and explain that you were scammed as the organization claiming to offer new TLDs does not have the authority to offer them.

[chrocht]

The site you registered with is not correct for a REAL top level domain.

The real ones had a round of applications which ended in the last year. Those applications cost $185,000 and auctions for conflicting domains.

Real TLD applications are only performed through http://icann.org

For all the real details check out http://newgtlds.icann.org/en/

I spent 14 years in the domain name industry.

Thanks for warning. I'm new in domain name industry and I see it needs some changes.
Who will pay $185,000 for 7-letters TLD domain? It's just crazy. What is real benefit for average domain holder? You save few letters when you type URL?

I know that tld.name use alternative public-root DNS. But It seems to be better choice for Bitcoin than over-regulated ICANN.
Maybe it is just scam, everything is possible - but their terms of service seem reasonable and I have no reason to trust them less than you. Your nick doesn't help either :-)

Let's see which DNS system will be "real" in few years. I know it's risky investment but It is probably not good idea to wait for bitcoin TLD domain to be approved by some over-regulated corporation. I tried to find some useful infomation on ICANN website but it seems that they have more board members than root DNS servers.

Even if tld.name and whole Public-Root DNS is pure scam I will not lose more than people who had more than about 1.75 BTC balance on Mt.Gox.

 

[Colin Miner]

Even if tld.name and whole Public-Root DNS is pure scam I will not lose more than people who had more than about 1.75 BTC balance on Mt.Gox.

Sure, its a brave move. Well worth a try if you have the spare funds. It may just turn out to be very profitable for you. I hope it does!

I know that tld.name use alternative public-root DNS. But It seems to be better choice for Bitcoin than over-regulated ICANN.

Makes me think of namecoin

Namecoin (sign: ℕ; code: NMC) is a cryptocurrency which also acts as an alternative, decentralized DNS, which would avoid domain name censorship by making a new top level domain outside of ICANN control, and in turn, make internet censorship much more difficult, as well as reduce outages

The IAB don't like the idea of multiple roots    tools.ietf.org/html/rfc2826

[chrocht]

Makes me think of namecoin

Namecoin (sign: ℕ; code: NMC) is a cryptocurrency which also acts as an alternative, decentralized DNS, which would avoid domain name censorship by making a new top level domain outside of ICANN control, and in turn, make internet censorship much more difficult, as well as reduce outages

Unfortunately Namecoin is used more for trading than it's original purpose. Maybe we should consider some hybrid namecoin/public-root DNS in this case

[Gabi]

I have recently seen some work done on namecoin to use it as  an alternative, decentralized DNS and not just as an altcoin

[internet2tlds]

I have recently seen some work done on namecoin to use it as  an alternative, decentralized DNS and not just as an altcoin

Dear all,

Im the one of the provider like TLDs.name,   our company website is www.internet2tlds.com

you guys really confused about tlds.

1) top level domain names were sold by two parties ICANN normal route, INAIC alternate root.

ICANN gives TLD for 185k + 25k per anum charges and you can sell and buy domains

INAIC only Sells Public TLDS and charge 1k and 250 per Annum, you can still sell the domains and they wont be available for all public, those who has enabled small program to enable their comuputer, if you are living in USA i belive you dont need to enable with this program, because Internet2 is enabled in USA.

please feel free to ask me if you have any questions,

you dont need to go and ask credit card provider as you cheated  or some one make fraud, if you really got the bitcoin pTLD and wish to sell it then i will found some people you just only transfer the name to new provider.

Thanks,
Hari Krishna
61433215971

[Pushtheghost]

The intial cost is crazy but then you factor in advertising to get people setting up under your domain. Its going to be interesting to see how it all unfolds,feels kind of like gangs marking their turf.

[chrocht]

I have recently seen some work done on namecoin to use it as  an alternative, decentralized DNS and not just as an altcoin

Dear all,

Im the one of the provider like TLDs.name,   our company website is www.internet2tlds.com

you guys really confused about tlds.

1) top level domain names were sold by two parties ICANN normal route, INAIC alternate root.

ICANN gives TLD for 185k + 25k per anum charges and you can sell and buy domains

INAIC only Sells Public TLDS and charge 1k and 250 per Annum, you can still sell the domains and they wont be available for all public, those who has enabled small program to enable their comuputer, if you are living in USA i belive you dont need to enable with this program, because Internet2 is enabled in USA.

please feel free to ask me if you have any questions,

you dont need to go and ask credit card provider as you cheated  or some one make fraud, if you really got the bitcoin pTLD and wish to sell it then i will found some people you just only transfer the name to new provider.

Thanks,
Hari Krishna
61433215971

Thanks for info, but I'm not selling this domain now. I've just started to offer registrations. If there will be demand then I will extend the infrastructure and maybe build custom DNS server application for it. More info here https://bitcointalk.org/index.php?topic=624038.0