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?