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March 25, 2014, 09:33:17 AM |
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Hello everyone, this title gave me the idea of namedcoin system translator for bitcoin addresses. Actually that's what I thought it was.
To elaborate: given the existing infrastructure of namedcoin .bit addresses - which we know that they're unique through the namedcoin's blockchain - and associated with one entity(individual,company whatever),
wouldn't be possible to map any .bit address to an actual *coin wallet address?
That way we could just type in a domain to send money to, we wouldn't even have to scan QR codes let alone type the whole crypto hashes.
I don't know if that's already discussed, happy to hear your thoughts.
PS: actually now that I think more about it, it's a stupid idea b/c it defeats the bitcoin's security design, not?
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