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Author Topic: .p2p TLD (bitshares DNS): Profitable (?!). Disinsentives squatting. DPOS.  (Read 7236 times)
toast (OP)
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March 17, 2014, 07:09:03 AM
Last edit: May 07, 2014, 04:57:53 AM by toast
 #1

NameShares and .p2p

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.

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"Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own." -- Satoshi
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March 17, 2014, 07:36:54 AM
 #2

Great! Work hard!!
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March 17, 2014, 08:04:44 AM
 #3

Keep moving. Wink
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March 17, 2014, 08:37:21 AM
 #4

I'm in..

TaPOS rox hard ..
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March 17, 2014, 09:57:37 AM
 #5

Good news.


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CLains
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March 17, 2014, 10:44:25 AM
 #6

Interested.

..  Cheesy
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March 17, 2014, 11:58:44 AM
 #7

Interested
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March 17, 2014, 12:06:11 PM
 #8

good job!
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March 17, 2014, 12:31:58 PM
 #9

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!  Wink

+5%
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March 17, 2014, 04:58:04 PM
 #10

This looks like a very promising project, what's your best guesstimate eta in Q2? April, May or June?
toast (OP)
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March 17, 2014, 05:10:22 PM
 #11

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.

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super3
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March 17, 2014, 05:51:59 PM
 #12

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


Bitcoin Dev / Storj - Decentralized Cloud Storage. Winner of Texas Bitcoin Conference Hackathon 2014. / Peercoin Web Lead / Primecoin Web Lead / Armory Guide Author / "Am I the only one that trusts Dogecoin more than the Federal Reserve?"
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March 18, 2014, 12:10:27 PM
 #13

Blockchain based DNS system solved:

  • Domain Squatting

This.
Is. Awesome.
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March 18, 2014, 05:01:01 PM
 #14

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.
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March 18, 2014, 06:17:13 PM
 #15

Thanks! I'll put it in the OP

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March 19, 2014, 02:49:48 AM
 #16

Looking forward  Smiley

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March 19, 2014, 08:45:18 AM
 #17

 :Dgood job
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March 19, 2014, 10:06:34 AM
 #18

  • 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 ...
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March 22, 2014, 05:09:29 PM
 #19

This looks interesting. What are the advantages to Namecoin  ?
Not sure I understand how Bitshare DNS solve the problems of Domain Squatting ?
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March 22, 2014, 07:55:57 PM
 #20

  • 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!
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