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Not really. One problem is most of the good names got taken by squatters right out of the gate, like hundreds of thousands of them - irl trademarks, all the no
by SkyMarshal 7y ago
Not really. One problem is most of the good names got taken by squatters right out of the gate, like hundreds of thousands of them - irl trademarks, all the nouns in the dictionary bought by one guy, etc. Mainstream business will never adopt it for that reason, so its growth is inherently capped and most crypto natives ignore it.
- troquerre 7y agoI work at Namebase, which is a domain registrar and on-ramp for Handshake. That’s what makes Handshake so compelling imo. There are a lot of mechanisms that prevent squatting: bids are locked up until auctions finish, so squatters need to pick and choose where they allocate coins. Furthermore, names are rolled out over a 52 week period (hash of the name mod 52), which means that there will still be a lot of good names available 6 months into launch. And the Alexa top 100k domains have been pre-registered, in addition to the blacklisted ICANN TLDs, so that only facebook.com can register .facebook. Finally, 70% of the coins are being airdropped to developers so the bidding power will be evenly distributed from the start — it’ll be difficult for a whale to buy up $10mm of Handshake coins and outbid everyone.