I don't think I'm quite sure what this is trying to do - can anyone explain? It seems they want to make a distributed DNS system based on the model of BitCoin - P2P keys that identify the nameservers for certain domains? This would avoid the regulation of SOPA.
But there's no way to be certain because I can't make heads or tails of that spec page LoL.
I think the point of the story is not so much the details of the novel content in this RFC - I find it hard to take seriously an RFC with passages such as "I would suggest that Verisign offer [us the .bit and .nmc tlds] as a gesture of good faith so that we can profit all profit from strengthening the original intent of DNS and the potentially criminal monopoloy handed to them by the US Government" - but as pointing out that there is movement in Namecoin and asserting that Namecoin is relevant to the whole SOPA deal.
Next line: "I mean, I don't see any other solution to begin the fair transition into opening name services that keeps them in line with their stated goals." Perhaps a dose of pragmatism would be good at this point.
But there's no way to be certain because I can't make heads or tails of that spec page LoL.