Post
Topic
Board Project Development
Re: your LONG bitcoin address will be changed to your SIMPLE domain.
by
macns
on 25/03/2014, 09:33:17 UTC
Hello everyone, this title gave me the idea of namedcoin system translator for bitcoin addresses.
Actually that's what I thought it was.

To elaborate:
given the existing infrastructure of namedcoin .bit addresses
- which we know that they're unique through the namedcoin's blockchain -
and associated with one entity(individual,company whatever),

wouldn't be possible to map any .bit address to an actual *coin wallet address?

That way we could just type in a domain to send money to, we wouldn't even have to scan QR codes let alone type the whole crypto hashes.


I don't know if that's already discussed, happy to hear your thoughts.


PS: actually now that I think more about it, it's a stupid idea b/c it defeats the bitcoin's security design, not?