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> We don't know that every fortune 500 company in the world and every government in the world won't step in and snatch up every auction that gets posted. By des
by rasengan 7y ago
> We don't know that every fortune 500 company in the world and every government in the world won't step in and snatch up every auction that gets posted. By design, there's no way for us to stop them from doing that.
There is a scarcity of coins which will help to prevent this. Whenever you bid on a name, your coins are further locked up until the end of the auction.
> Remember, when .com and .org came out, they were also owned by an organization that didn't want to gouge people.
No I don’t remember this - it never happened. Quick history lesson: It was 50 dollars to get a .com or any name, and later 35 dollars. Network solutions had a monopoly on it.
> The decentralization benefits of Handshake are entirely encapsulated in ordinary people owning their own TLDs.
Absolutely! In addition, it serves to solve issues with the CA system. It democratizes ownership of the internet and makes it safer.