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It's only 0.01 NMC to buy a domain (plus a 0.005 transaction fee). The easy solution to the fixed-supply issue is that this registration fee could change by blo
by lukifer 13y ago
It's only 0.01 NMC to buy a domain (plus a 0.005 transaction fee). The easy solution to the fixed-supply issue is that this registration fee could change by blockchain consensus if NMC started to become too scarce.
That said, I actually think the BitShares Domains model is a better fit for name registration: treat each domain like real estate, putting it up to the highest bidder (which makes squatting expensive). However, BTS Domains is probably a year away at least.
In either case, the most significant bit is browser/OS adoption. At the moment, not a single browser (even Firefox) supports .bit domains, except through plugins.
- Alterlife 13y ago> the BitShares Domains model <snip> highest bidder Is this like rent? It may make squatting expensive but it would also make non-commercial websites impractical. I hope it fails.
- lukifer 13y agoMy understanding is that BTS domains are owned for life (like .bit domains, which must be renewed, but at no cost), but it is up for auction for a fixed window of time after the first bid starts. However, at the moment it's purely in the planning stages.