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Doesn't this just mean the registrar ends up (effectively) being the one who trusts all the random CAs instead?



What random CA's? All the registrar does is say "I the owner of COM have delegated EXAMPLE.COM to FOO both by pointing the address to their servers and signing their public key." After that example.com can delegate within its domain both the addressing (regular DNS) and the signing of certificates for subdomains.




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