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Namecoin has existed for a long time. It acts just like a traditional domain registar. First person to register a name gets it, and they have to pay a maintenan
by patmorgan23 3y ago
Namecoin has existed for a long time. It acts just like a traditional domain registar. First person to register a name gets it, and they have to pay a maintenance fee to keep it. Don't pay the maintenance fee and then someone else can register the name.
- acdha 3y agoYes, but statistically nobody uses it due to those problems. Squatters quickly snapped up the most popular DNS names but since nobody uses it there’s no financial benefit from paying Danegeld, and that’s a vicious cycle of irrelevance. This is the core flaw of most of these systems: people hype them up selling the idea that it’ll become huge later, but without some link to real value or authority there’s no reason to favor one implementation over another or doing nothing at all. This comes up a lot in the case of IPFS because the core problem is that most people won’t host anything on the internet. It’s expensive and legally risky, which forces you to vet who you host and then you have a less revolutionary pitch which has to be based on cost, performance, etc. and that’s a tough market.
- int_19h 3y agoIt might not be popular in general, but surely IPFS crowd specifically would be a lot more receptive to such a thing? IPFS itself is similarly niche.
- acdha 3y agoPerhaps, but that doesn’t mean they’re suckers. If you’re going to have to deal with bootstrapping an alternate root anyway you probably aren’t motivated to pay off a speculator for the privilege of making their holdings more valuable.