> The whole point is peer to peer transfer of digital assets and digital state that is recorded on-chain. The goal is not “how to transfer a physical asset.”
Yes I understood where you were going. Just pointing out that the scope of the problem you're solving is way smaller than that of a generic transaction, to the point that it has very little relevance for pretty much anything real.
> The TLD/ICANN is irrelevant, as “.eth” is a construct for Ethereum clients, not HTTPS clients.
What do you think would happen to the value of the xyz.eth domain registered on Ethereum if ICANN decided to have .eth as a TLD and somebody made a website on a xyz.eth reachable natively via mainstream browsers?
This value would decrease, independently of what actually happens on the blockchain. Value doesn't exist independently from the real world.
Trusting a certain smart contract about what's at xyz.eth rather than another is also arbitrary and is a matter of social capital, again something that's not embedded within the blockchain.
The assets are “real” in the same way domain names are “real.” These are social constructs, maintained by social consensus.
It is very easy to come to a shared consensus about what address “mattdesl.eth” points to, because the history is recorded on-chain, and can be verified locally. I’m sure the exact valuation of this domain will go up and down, but as long as the the chain and network continues to exist, the asset holds value within the network, regardless of what occurs with ICANN/TLDs.
Yes I understood where you were going. Just pointing out that the scope of the problem you're solving is way smaller than that of a generic transaction, to the point that it has very little relevance for pretty much anything real.
> The TLD/ICANN is irrelevant, as “.eth” is a construct for Ethereum clients, not HTTPS clients.
What do you think would happen to the value of the xyz.eth domain registered on Ethereum if ICANN decided to have .eth as a TLD and somebody made a website on a xyz.eth reachable natively via mainstream browsers?
This value would decrease, independently of what actually happens on the blockchain. Value doesn't exist independently from the real world.
Trusting a certain smart contract about what's at xyz.eth rather than another is also arbitrary and is a matter of social capital, again something that's not embedded within the blockchain.