BTW, this is implemented as burn-name and burn-name-writer.
BurnName is a proposal for a simple and practical decentralized name registration system. In BurnName, users burn bitcoins to bid for names. The user who bids the most for a name owns that name, after a delay. BurnName uses the existing Bitcoin blockchain and network, and it can be used by various applications.
- GitTorrent or a similar "decentralized GitHub"
- Domain name registration: your username doubles as a domain name
- Human-memorable Bitcoin addresses: map from your username to your Bitcoin address