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> I've looked at blockchain based domains. There's also ENS (.eth) and HNS (namebase.io). The biggest problem with them is they're a huge pain to purchase. You
by Karrot_Kream 5y ago
> I've looked at blockchain based domains. There's also ENS (.eth) and HNS (namebase.io). The biggest problem with them is they're a huge pain to purchase. You need to buy their vBucks style coins first (ETH or HNS) and many western governments treat those like a security. That makes it tough for someone like me who wants to buy legit, brandable domains in those systems.
Yeah I don't know why any of these blockchain DNS systems don't have an easy fiat on-ramp. Most people don't care about holding a token, they just want their domain name. It's fairly easy these days too with all the stablecoins around.
- blablablerg 5y agoBecause then they need to do KYC and all kind of other regulatory stuff.
- mike_d 5y agoNamebase is pretty painless for getting Handshake names.
- ryan29 5y agoI signed up, but didn't do any of the verification. I'm from Canada and they're not in FINTRAC (our KYC/AML regulator), so I'm not willing to give them any personal information beyond what I'd use for a normal credit card transaction. The thing is I wanted a brandable name that I could likely get for less than $.50, but I'd be willing to pay $50 via credit card to avoid dealing with HNS. I would literally pay 100x the market rate to avoid dealing with their crypto currency because, by the time I deal with the bookkeeping and taxes of a crypto purchase, it costs me more than $50 in time and effort.
- ryan29 5y ago> Most people don't care about holding a token I definitely do NOT want the token/coin. As soon as I touch it the transaction becomes a taxable event for me. It's a nightmare. Imagine if every store in your city used a different foreign currency and the government made you track every transaction you make so you can report your foreign currency gains/losses on your taxes.