[spinlocked]

I think you're missing the point here. The goal is not to create a mainstream replacement for DNS. Its to create an "alternative" naming system.

> I want free beer.

A p2p naming system would use free software and shared computing resources. There are numerous examples of both (GNU and BOINC/Gnutella/Bittorrent respectively.) So striving for a free naming system is not the same as striving for free beer.

> Peer-to-peer networks are easy to overthrow completely even with a relatively small number of malicious nodes.

Not if your p2p model uses a web of trust model like PGP. This is what the proposed model uses.

I don't agree with the proposed model, for what its worth. I think they should be looking at leveraging the work done on semantic free referencing at MIT, instead of the existing name to IP model.

(http://nms.csail.mit.edu/projects/sfr/)