250bpm

Actually, a derivative of Bitcoin implementing DNS exists: it's called Namecoin, and uses the .bit namespace. The easiest way to get a .bit is to trade Bitcoins for Namecoins, then spend it on registration. The namecoins used will vanish in the void.

Website: dot-bit dot org

It might have worked before Network Solutions existed, but now there are way too many people making way too much money from the system. (social problem: don't try a technical solution) It is technically possible to set up your own root servers that list google.com as belonging to an IP address that you control. Now, how do you get the world to use it? (Then consider Google's lawyers and mafia friends breathing down your neck if you succeed.)

DNS has problems that can only be fixed disruptively. If everyone used djbdns, it would be far less broken. This would be far better than any hypothetical www.dns-resolver.org (just waiting to get hacked), and far closer to feasible (but still way out there in wishful thinking land).

Don't you think that there is no correlation between the value and the number of letters in a domain name?
I was wondering that maybe a better criteria would be how many subjects want to own that particular domain name?
Domain name values are higher when more people want them.
What do you think about it?