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It's hard to have a global name system with readable/meaningful names unless you have a central organization.

He isn't the first person to make this observation, but Zooko's Triangle is easy to link to, so: https://zooko.com/distnames.html

Namecoin does this: http://dot-bit.org/Main_Page

I2P manages human-readable domain names, but not necessarily reliably (the equivalent of DNS is just as distributed and unreliable as the rest of the I2P network).