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Author Topic: Voting For Domain Generation.  (Read 1434 times)
kiba
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December 07, 2010, 04:01:44 AM
 #1

I am going to do an auction for domain name generation rate.

Simply, put your bitcoin where your mouth is.

Those money raised will be going to the core developers of DomainChain.(Not me!)

Each blocks shall generate...

50 DCC. Bid: 0 BTC.

100 DCC. Bid: 0 BTC.

150 DCC. Bid: 0 BTC.

200 DCC. Bid: 0 BTC.

250 DCC. Bid: 0 BTC.

500 DCC. Bid: 0 BTC.

1000 DCC. Bid: 0 BTC.

I suppose the generation rate will gradually move toward the limit that people voted on(with their BTC).

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RHorning
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December 07, 2010, 04:04:42 AM
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Trying to create a futures contract for a currency that doesn't even exist yet?  That sounds very interesting in and of itself.

BTW, I like it!

1FLK3uUT3Vup5JtkGJVXKHAoS3AZWPcKdv
FreeMoney
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December 07, 2010, 04:06:59 AM
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Whats the general plan here? No reduction in names/block I assume? Won't this make the first blocks incredible valuable and later blocks less valuable as the goodness of remaining names declines? Maybe it should start really low (1?) and move up gradually to a stable amount (100?)?

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kiba
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December 07, 2010, 04:09:11 AM
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Whats the general plan here? No reduction in names/block I assume? Won't this make the first blocks incredible valuable and later blocks less valuable as the goodness of remaining names declines? Maybe it should start really low (1?) and move up gradually to a stable amount (100?)?

That's interesting. I guess we adopt that.

FreeMoney
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December 07, 2010, 04:09:39 AM
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Trying to create a futures contract for a currency that doesn't even exist yet?  That sounds very interesting in and of itself.

BTW, I like it!

I don't think so. I think he means it as a fundraiser. Like which color should the tablecloths be at the party? Each vote costs a beer or something.

We need to figure out what will work by discussing. Donations are already coming in separately just fine.

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FreeMoney
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December 07, 2010, 04:12:45 AM
 #6

Whats the general plan here? No reduction in names/block I assume? Won't this make the first blocks incredible valuable and later blocks less valuable as the goodness of remaining names declines? Maybe it should start really low (1?) and move up gradually to a stable amount (100?)?

That's interesting. I guess we adopt that.

Yikes. That's just what rolled off my fingers in a second, there may be a much more clever way.

Maybe even link it to the log of difficulty or something. That way if it becomes a huge global thing there can be lots of addresses quickly, but if it stays small creating addys will still require a contribution to securing the network.

The blocks/hour is free to be changed too, don't forget.

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kiba
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December 07, 2010, 04:14:29 AM
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Hmm. I guess I might not just have the auction then.

FreeMoney
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December 07, 2010, 04:27:32 AM
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Hmm. I guess I might not just have the auction then.

I mean if after a lot of discussion there were two or three reasonable and substantially different strategies, then maybe it would be a god idea. But not this auction really imo.

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Hal
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December 07, 2010, 04:38:51 AM
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Whats the general plan here? No reduction in names/block I assume? Won't this make the first blocks incredible valuable and later blocks less valuable as the goodness of remaining names declines? Maybe it should start really low (1?) and move up gradually to a stable amount (100?)?

Good point, I'm going to quote this in the BitDNS thread, hope you don't mind.

Hal Finney
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