achieve sybil attack resistance using an existing distributed asset: domain name

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pwn8:
The idea is simple.
Each node must have a valid domain name.
A node is randomly selected to mine a block.
Using an internet asset to create a decentralized and energy efficient cryptocurrency.

odolvlobo:
Quote from: pwn8 on March 31, 2023, 01:39:12 AM

The idea is simple.
Each node must have a valid domain name.

If the solution were so simple, it would have implemented a decades ago. What stops a node from having multiple domain names? You have only replaced proof-of-work with proof-of-domain-names.

ymgve2:
This is a bad idea - the domain name "economy" is based on the name itself being valuable, if suddenly just having a domain would be valuable in itself, you would see billions of domain names registered the instant it goes into production, probably by some non-US country administration that can register any amount of domains they want in their TLD for free.

DaveF:
There are still businesses with 10s of thousands of .com addresses under their control.
I don't have an exact count but one of my clients probably has about 1500 to 1600 of active domains.
What you are proposing is just another form of PoS junk.

You want something, in this case BTC, you have to work (mine) for it. Or just go to an exchange and buy some.

-Dave

BlackHatCoiner:
I don't understand how's that any different to one-IP-one-vote.

Quote from: pwn8 on March 31, 2023, 03:00:49 AM

nothing. nobody has implemented this idea before because maybe it is not "decentralized" enough.
It is completely centralized as the domain provider or domain producer (i.e., ICANN), have all voting power. You just invented a more complicated version of fiat.

Genuine question: how do nodes verify that someone was a minter? The moment someone loses permission to a domain name, they can no longer provide sufficient evidence that they minted a block, and hence, does not solve Byzantine generals' problem.

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