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Author Topic: Domain names targeted more by U.S. and U.K. governments. Namecoin to step in?  (Read 3596 times)
JohnDoe
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July 06, 2011, 10:14:58 PM
 #21

Code:
res = 500000000 >> floor(nBlock / 8192)
res = res - (res >> 14)*(nBlock % 8192)
Why? What are the implications of this choice?

That's the algorithm of the network fee decrease. The network fee is just a temporary fee that was set up to avoid too much name squatting by early adopters and slowly decreases with each new block until it becomes 0. If there was no network fee then the only cost to registering would be transaction fees, so with just 50 NMC I would be able to register 2500 or more domains right now.

If by 'why' you meant why was a 50% decrease every 8192 blocks chosen and not faster or slower, I guess it was just thought of as a reasonable equilibrium between squatting rate and cost of registration. It turned out that the value of NMC rose too fast which made registrations more expensive than intended, so starting from block 24,000 the fee decrease will speed up by 4x.
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JohnDoe
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July 06, 2011, 11:35:37 PM
 #22

Except the average user won't want to go to some random third party site and have to figure out how it works, they will want to type it directly into their browser or even google it.
If you can't get the people who still type "facebook login" into google because they can't find facebook.com no one will use it.

You don't need to go to the third party site, if you want to go to wsj.bit you just type instead wsj.bitname.org or wsj.namecoin.us and you are there. Anyway, I didn't say that it was idiot-proof, only that anyone can access these domains without configuration. Things will probably get easier in the future by way of browser extensions or some other program that makes configuration automatic.
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July 08, 2011, 04:09:28 PM
 #23

Code:
res = 500000000 >> floor(nBlock / 8192)
res = res - (res >> 14)*(nBlock % 8192)
Why? What are the implications of this choice?

That's the algorithm of the network fee decrease. The network fee is just a temporary fee that was set up to avoid too much name squatting by early adopters and slowly decreases with each new block until it becomes 0. If there was no network fee then the only cost to registering would be transaction fees, so with just 50 NMC I would be able to register 2500 or more domains right now.

If by 'why' you meant why was a 50% decrease every 8192 blocks chosen and not faster or slower, I guess it was just thought of as a reasonable equilibrium between squatting rate and cost of registration. It turned out that the value of NMC rose too fast which made registrations more expensive than intended, so starting from block 24,000 the fee decrease will speed up by 4x.

You say that the network fee will soon become 0. Won't that mean that some people will start registering every word in the dictionary because it will be very cheap to do so (the only cost will be possible transaction fees)? Shouldn't the price at any point in time be at least the USD equivalent of, let's say, 1 USD to prohibit domain squatters?

What happens if it turns out that there will be no need for transaction fees because enough miners choose to handle all transactions for free? Then it would be totally free to register as many domain names as one would wish, right?
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July 08, 2011, 10:18:33 PM
 #24

You say that the network fee will soon become 0. Won't that mean that some people will start registering every word in the dictionary because it will be very cheap to do so (the only cost will be possible transaction fees)?

I didn't say it will become 0 soon. Look at the formula and do the math of how much time it will take to reach that point.

Shouldn't the price at any point in time be at least the USD equivalent of, let's say, 1 USD to prohibit domain squatters?

It is impossible to predict the future value of NMC. Also it is impossible to predict the future purchasing power of 1 USD, it might become too high or too low at some point.

What happens if it turns out that there will be no need for transaction fees because enough miners choose to handle all transactions for free? Then it would be totally free to register as many domain names as one would wish, right?

Sure, but since blocks have a size limit those transactions would probably stay in limbo forever because of their low priority. People will willingly pay transaction fees in order to be first in the line.
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July 10, 2011, 07:52:51 PM
 #25

I totally embrace the idea behind namecoin.
With the current development all over the world, more and more domains are taken down.
I do not condone child pornography but I don't want any government take this
as an excuse to START deleting domains.
Get the guys behind these domains, since they are most likely register a new domain
within minutes.
This excuse is currently used in germany.

In my opinion, soon they are starting deleting more and more domains "to protect the citizens",
which do not contain anything like child pornography.
Probably most of the citizens will take this blindly as it is, cause the government tells them this is "good".
If we'd want that, we'd still have the communists in east germany.
Sometimes I get sick when i hear what's going; look at: new zeland, iceland, turkey, germany, great brittain, usa ...


I know it's a paradox, on the hand we don't want domains deleted on the other hand we're moving in the "underground".
Which will most likely result in more domains that are mean, but this should be the cost of FREEDOM.
Sometimes, when people speak about freedom, it sounds ridiculous


just my 0.02 Namecoins
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