BitcoinTalk

BitDNS and Generalizing Bitcoin

244
Satoshi-only
BitcoinTalk
#222
From:
satoshi
Subject:
Re: BitDNS and Generalizing Bitcoin
Date:
I think it would be possible for BitDNS to be a completely separate network and separate block chain, yet share CPU power with Bitcoin.  The only overlap is to make it so miners can search for proof-of-work for both networks simultaneously.

The networks wouldn't need any coordination.  Miners would subscribe to both networks in parallel.  They would scan SHA such that if they get a hit, they potentially solve both at once.  A solution may be for just one of the networks if one network has a lower difficulty.

I think an external miner could call getwork on both programs and combine the work.  Maybe call Bitcoin, get work from it, hand it to BitDNS getwork to combine into a combined work.

Instead of fragmentation, networks share and augment each other's total CPU power.  This would solve the problem that if there are multiple networks, they are a danger to each other if the available CPU power gangs up on one.  Instead, all networks in the world would share combined CPU power, increasing the total strength.  It would make it easier for small networks to get started by tapping into a ready base of miners.
BitcoinTalk
#229
From:
satoshi
Subject:
Re: BitDNS and Generalizing Bitcoin
Date:
Quote from: nanotube on December 09, 2010, 09:20:40 PM
seems that the miner would have to basically do "extra work". and if there's no reward from the bitdns mining from the extra work (which of course, slows down the main bitcoin work), what would be a miner's incentive to include bitdns (and whatever other side chains) ?
The incentive is to get the rewards from the extra side chains also for the same work.

While you are generating bitcoins, why not also get free domain names for the same work?

If you currently generate 50 BTC per week, now you could get 50 BTC and some domain names too.

You have one piece of work.  If you solve it, it will solve a block from both Bitcoin and BitDNS.  In concept, they're tied together by a Merkle Tree.  To hand it in to Bitcoin, you break off the BitDNS branch, and to hand it in to BitDNS, you break off the Bitcoin branch.

In practice, to retrofit it for Bitcoin, the BitDNS side would have to have maybe ~200 extra bytes, but that's not a big deal.  You've been talking about 50 domains per block, which would dwarf that little 200 bytes per block for backward compatibility.  We could potentially schedule a far in future block when Bitcoin would upgrade to a modernised arrangement with the Merkle Tree on top, if we care enough about saving a few bytes.

Note that the chains are below this new Merkle Tree.  That is, each of Bitcoin and BitDNS have their own chain links inside their blocks.  This is inverted from the common timestamp server arrangement, where the chain is on top and then the Merkle Tree, because that creates one common master chain.  This is two timestamp servers not sharing a chain.
BitcoinTalk
#246
From:
satoshi
Subject:
Re: BitDNS and Generalizing Bitcoin
Date:
Piling every proof-of-work quorum system in the world into one dataset doesn't scale.

Bitcoin and BitDNS can be used separately.  Users shouldn't have to download all of both to use one or the other.  BitDNS users may not want to download everything the next several unrelated networks decide to pile in either.

The networks need to have separate fates.  BitDNS users might be completely liberal about adding any large data features since relatively few domain registrars are needed, while Bitcoin users might get increasingly tyrannical about limiting the size of the chain so it's easy for lots of users and small devices.

Fears about securely buying domains with Bitcoins are a red herring.  It's easy to trade Bitcoins for other non-repudiable commodities.

If you're still worried about it, it's cryptographically possible to make a risk free trade.  The two parties would set up transactions on both sides such that when they both sign the transactions, the second signer's signature triggers the release of both.  The second signer can't release one without releasing the other.
BitcoinTalk
#255
From:
satoshi
Subject:
Re: BitDNS and Generalizing Bitcoin
Date:
Quote from: Hal on December 10, 2010, 07:14:04 PM
additional block chains would each create their own flavor of coins, which would trade with bitcoins on exchanges? These chain-specific coins would be used to reward miners on those chains, and to purchase some kinds of rights or privileges within the domain of that chain?
Right, the exchange rate between domains and bitcoins would float.

A longer interval than 10 minutes would be appropriate for BitDNS.

So far in this discussion there's already a lot of housekeeping data required.  It will be much easier if you can freely use all the space you need without worrying about paying fees for expensive space in Bitcoin's chain.  Some transactions:

Changing the IP record.

Name change.  A domain object could entitle you to one domain, and you could change it at will to any name that isn't taken.  This would encourage users to free up names they don't want anymore.  Generated domains start out blank and the miner sells it to someone who changes it to what they want.  

Renewal.  Could be free, or maybe require consuming another domain object to renew.  In that case, domain objects (domaincoins?) could represent the right to own a domain for a year.  The spent fee goes to the miners in the next block fee.
BitcoinTalk
#258
From:
satoshi
Subject:
Re: BitDNS and Generalizing Bitcoin
Date:
I agree.  All transactions, IP changes, renewals, etc. should have some fee that goes to the miners.

You might consider a certain amount of work to generate a domain, instead of a fixed total circulation.  The work per domain could be on a schedule that grows with Moore's Law.  That way the number of domains would grow with demand and the number of people using it.
BitcoinTalk
#265
From:
satoshi
Subject:
Re: BitDNS and Generalizing Bitcoin
Date:
@dtvan: all 3 excellent points.
1) IP records don't need to be in the chain, just do registrar function not DNS.  And CA problem solved, neat.
2) Pick one TLD, .web +1.
3) Expiration and significant renewal costs, very important.

Quote from: joe on December 11, 2010, 10:53:58 AM
However, thinking more about this now I support inclusion of additional coinbases / tracking systems in the main network. The reason for doing this is so as not to water down CPU power into multiple networks. We want one strong network, so the network should be versatile.
Avoiding CPU power fragmentation is no longer a reason.  Independent networks/chains can share CPU power without sharing much else.  See: http://bitcointalk.org/index.php?topic=1790.msg28696#msg28696 and http://bitcointalk.org/index.php?topic=1790.msg28715#msg28715