I think that the takeaway from that post, for me, was that IF you absolutely can't have another registrar, it's probably worthwhile to purchase your domain in l

I think that the takeaway from that post, for me, was that IF you absolutely can't have another registrar, it's probably worthwhile to purchase your domain in long, multi-year chunks, and be prepared to have thrown that money away if they ever take it out from under you. Obviously, this doesn't speak to whether or not it's 'safe', but Letterly has illustrated that, at least presently, the 'point of failure' is at the registrar. Other (not-expired) .ly domains seem to be resolving just fine, which is the point of DNS of course, and it's safe to say that if they hadn't already been up for renewal, they'd likely be safe until they were. As it stands, I don't even know if there are any registrars selling .ly domains, or if it's simply their registrar that's having issues.