"The first project, DNSNMC, deprecates today's insecure and fraudulent1 public key infrastructure (PKI) by gracefully transitioning DNS from its hierarchical design, to one that is based on a globally distributed, peer-to-peer network that successfully "squares Zooko's triangle""
I think you have lost me already. If you want to get anywhere with a proposal probably not a good idea to accuse the people who might implement it as being 'fraudulent'. "We use the term “meaningful security” to refer to the security provided by protocols that employ all of these features for communication between individuals." Have you paused to consider the reasons why the market has not adopted the security mechanisms then embody those principles to date? Designing a spec that provides more security if used is trivial. The hard part is proposing something that is secure and usable. And for someone who is accusing others of being 'fraudulent', not a good move to start off repeating figures already exposed as bogus like the oft repeated but still untrue claim of 600 CAs. Tying the notary log to namecoin seems to be completely pointless to me, unless the real objective is to promote namecoin. Why hook into namecoin rather than the market leader? Given the success of the US government in shutting down eGold type schemes I am very skeptical about the stability of 'namecoin'. If we accept the purported scenarios that motivate the scheme then namecoin won't last very long. The fact that BitCoin has survived this long is rather surprising. We have already seen a huge robbery of over $200 million in bitcoin (from a drug dealer). And now we have people trying to de-anonymize the system to stop the coins being spent (!) When the feds moved on the e-Gold crowd they started off by rolling up the small guys and created a crisis of confidence in the big ones. What would be the effect on the price of Bitcoin if the feds shut down namecoin using the same tactics they used against mega-upload? I don't think it would take much to start a run.
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