Here's a very straightforward non-centralised solution:
The domain name belongs to whoever has submitted the lowest (i.e. most difficult-to-compute) hash for that name. Ownership changes if someone submits a lower (i.e. better) hash, but in that case there is a 90-day delay to give the original owner a chance to submit a better hash and keep ownership of their domain name.
That's a really great idea!The domain name belongs to whoever has submitted the lowest (i.e. most difficult-to-compute) hash for that name. Ownership changes if someone submits a lower (i.e. better) hash, but in that case there is a 90-day delay to give the original owner a chance to submit a better hash and keep ownership of their domain name.
I think that's a type of all-pay auction; I wonder what an economist who's an expert on auctions would think....