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HNS looks a lot like a protocol designed to make Namebase some quick cash. So it's all on the blockchain, but to get a name you have to buy it auction with toke

HNS looks a lot like a protocol designed to make Namebase some quick cash. So it's all on the blockchain, but to get a name you have to buy it auction with tokens minted by Namebase. They've managed to make the costs of a domain uncapped, except the domain is also useless because no one but Brave respects their root. In case you have any doubts that this an NFTified pyramid scheme, check out this gem from their "Earn HNS" page: > For any HNS your friend buys, you get +20% HNS and they get +10%

lifty 5y ago
The tokens were not minted by Namebase. HNS can be mined and there was a wide initial distribution, many of them including to large OSS project s.
- alangibson 5y ago
  Their giveaway didn't go to well. They planned to give away "70% of the initial supply" to developers, but... > To date, around 25 million HNS (1.83% of the initial supply, 1.23% of the fully diluted) has been claimed through the developer airdrop. They can't even give HNS away, however... > The discrepancy between the total possible number of airdrop claims and the actual number of airdrop claims can be explained by the fact that eligible developers need to have their SSH keys from 2019 in order to complete the claim. ... Without their old SSH keys, it's impossible for eligible developers to claim the airdrop. they made the extremely hard to claim?
  - lifty 5y ago
    You’re mistaken. Namebase is an independent registar for HNS domains and it’s not the same as the Handshake project, which did the actual distribution of the coins. I’m surprised people haven’t heard about this project, they have been linked on HN many times before. Edit: typo
    - alangibson 5y ago
      Seems to be a common point of confusion. So much so that it's on their FAQ: https://www.namebase.io/faq/#did-namebase-make-handshake https://www.namebase.io/faq/#did-namebase-make-handshake I'm sure I and many others have heard of it before. It's just that there are so many of these 'X but Blockchain' ideas that come and go all the time that is just turns into a blur.

lifty 5y ago

The tokens were not minted by Namebase. HNS can be mined and there was a wide initial distribution, many of them including to large OSS project s.

alangibson 5y ago
Their giveaway didn't go to well. They planned to give away "70% of the initial supply" to developers, but... > To date, around 25 million HNS (1.83% of the initial supply, 1.23% of the fully diluted) has been claimed through the developer airdrop. They can't even give HNS away, however... > The discrepancy between the total possible number of airdrop claims and the actual number of airdrop claims can be explained by the fact that eligible developers need to have their SSH keys from 2019 in order to complete the claim. ... Without their old SSH keys, it's impossible for eligible developers to claim the airdrop. they made the extremely hard to claim?
- lifty 5y ago
  You’re mistaken. Namebase is an independent registar for HNS domains and it’s not the same as the Handshake project, which did the actual distribution of the coins. I’m surprised people haven’t heard about this project, they have been linked on HN many times before. Edit: typo
  - alangibson 5y ago
    Seems to be a common point of confusion. So much so that it's on their FAQ: https://www.namebase.io/faq/#did-namebase-make-handshake https://www.namebase.io/faq/#did-namebase-make-handshake I'm sure I and many others have heard of it before. It's just that there are so many of these 'X but Blockchain' ideas that come and go all the time that is just turns into a blur.