Quote from: edd on August 11, 2014, 08:04:29 PM

Quote from: Mobius on August 11, 2014, 03:01:07 PM

Quote from: HarmonLi on August 11, 2014, 11:36:04 AM

Quote from: betafall on August 09, 2014, 06:16:08 PM

Looking forward to more adoption of decentralized bitcoin address registrations like this:

http://imgur.com/fdipIYO

Yeah but it only is a good thing if the lookup of those addresses happens on a decentralized basis. We could use namecoin for that. But some services that already exist actually are decentralized. If you are able to tamper with that system, you could easily pipe in your own address and steal someone's coins!

I think if this happens on a centralized bases or a decentralized basis it will be a huge target for fraud and scammers. In the OPs picture SeansOutpost was the example, but a scammer could make several addresses with slight variations of this name to try to get people to send them money when they misspell who they are trying to send money to.

Something like that happened with Coinbase. Someone not affiliated with Sean's Outpost opened an account under their name before they did, obviously hoping users would just assume it was theirs and send donations without checking. Fortunately, Jason King contacted Coinbase and got them to address it.

I think this is a perfect example why something like this would not work. If there is not some kind of central authority to monitor and somewhat regulate (in similar ways that coinbase does) these types of addresses then we will end up with more fake donation type addresses then there are legitimate addresses.