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by doragcoder
4032 days ago
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I need to go more in-depth on the proposal. But the first thing that strikes me, is if you're going to use the Blockchain (with a capital "B") as storage of usernames and such. Why not use namecoin? It has the process for name consensus down. Also it won't pollute the main Bitcoin blockchain. |
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I have a mild bias against altcoins, and have heard bad things about Namecoin in particular: that the anti-spam incentives aren't good, leading to illegal files stored in the blockchain itself, and that there's no compact representation (like Bitcoin's Simplified Payment Verification) for determining whether a claimed name is valid without consulting a full history.
As I understand it, these two design flaws combine to mean that you have to store some very illegal files to use a namecoin resolver, which doesn't sound good to me. (I may be mistaken, since the bad things I heard about Namecoin came from Bitcoin people..)