> as such, a forever registration would have to be a quasi-pyramid scheme where the initial users keep their domains only so long as there are more new users co

> as such, a forever registration would have to be a quasi-pyramid scheme where the initial users keep their domains only so long as there are more new users coming in each year than existed in all the past years combined It doesn't have to be a pyramid scheme. The registrar can also invest the money, and use the interest as revenue. So instead of paying 40 USD annually you pay 1000 USD for the initial registration. 4% interest of that would be 40 USD.