The .bitcoin name is a lease. You pay every year. The registrar can refuse renewal, seize the name or change the records.
Then the application to those masters wants to add a committee on top that checks to make sure the .bitcoin holder is following their rules and if not will revoke the name.
No one holds a key, no one can check anything against Bitcoin.
Everyone is trusting ICANN, the registry and a committee.
Adding layers of trusted 3rd parties, this sounds great!
Has anyone read this?
The .bitcoin name is a lease. You pay every year. The registrar can refuse renewal, seize the name or change the records.
Then the application to those masters wants to add a committee on top that checks to make sure the .bitcoin holder is following their rules and if not will revoke the name.
No one holds a key, no one can check anything against Bitcoin.
Everyone is trusting ICANN, the registry and a committee.
Adding layers of trusted 3rd parties, this sounds great!