đź“… Original date posted:2013-02-11
đź“ť Original message:On Mon, Feb 11, 2013 at 11:12 AM, Timo Hanke <timo.hanke at web.de> wrote:
> It's not about technical differences, but about the different use or
> purpose, which can result in different security demands. I argue that
> DNS has a lower demand in this respect than payment ids have. So DNS
> data can be in a chain with a hashrate lower than bitcoin's hashrate but
> payment ids _for_ bitcoin have to be in a chain with equal hashrate.
It seems you're not very well informed about what namecoin does— it's
a multiple namespace key-value store. And, as Peter pointed out— a
non-parasitic system can have exactly the same POW hashpower. Namecoin
chose a model which made it so that namecoin could survive even if
Bitcoin failed, but you don't have to.
I strongly recommend you listen to Peter and Luke— externalizing the
costs of your services onto people who do not care about them is not
going to produce good results for anyone. It's possible to accomplish
what you want to accomplish without taking resources from the users of
the Bitcoin currency without their consent— and you have people here
who are willing to help you figure out how.
Gregory Maxwell [ARCHIVE] /
npub1f2…crwet
2023-06-07 11:31:30
in reply to nevent1q…h485
Author Public Key
npub1f2nvlx49er5c7sqa43src6ssyp6snd4qwvtkwm5avc2l84cs84esecrwetPublished at
2023-06-07 11:31:30Event JSON
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"created_at": 1686137490,
"kind": 1,
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"content": "📅 Original date posted:2013-02-11\n📝 Original message:On Mon, Feb 11, 2013 at 11:12 AM, Timo Hanke \u003ctimo.hanke at web.de\u003e wrote:\n\u003e It's not about technical differences, but about the different use or\n\u003e purpose, which can result in different security demands. I argue that\n\u003e DNS has a lower demand in this respect than payment ids have. So DNS\n\u003e data can be in a chain with a hashrate lower than bitcoin's hashrate but\n\u003e payment ids _for_ bitcoin have to be in a chain with equal hashrate.\n\nIt seems you're not very well informed about what namecoin does— it's\na multiple namespace key-value store. And, as Peter pointed out— a\nnon-parasitic system can have exactly the same POW hashpower. Namecoin\nchose a model which made it so that namecoin could survive even if\nBitcoin failed, but you don't have to.\n\nI strongly recommend you listen to Peter and Luke— externalizing the\ncosts of your services onto people who do not care about them is not\ngoing to produce good results for anyone. It's possible to accomplish\nwhat you want to accomplish without taking resources from the users of\nthe Bitcoin currency without their consent— and you have people here\nwho are willing to help you figure out how.",
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