bcmillegan

4 ms·

1.
by bcmillegan 5y ago
Good thing the central claims of the blog post are false. I explained in my top level comment.
2.
by bcmillegan 5y ago
The central criticism of ENS in this blog post - that the multisig (in the past) or the DAO (now) could take away your .ETH name - is not true. No one has the ability to take a .ETH name away from someone. The DAO (which launched Nov 8, not
3.
by bcmillegan 5y ago
Yep. Also note that ENS is a generic naming system, not just .eth names. You can also import in DNS names you already use, e.g. I own brantly.xyz on DNS and also imported it into to ENS: https://app.ens.domains/name/bra
4.
by bcmillegan 5y ago
Yes, public key cryptography is not new. What's new is that crypto incentives has spurred the creation of a highly competitive industry to improve private key management, and incentives people to get and manage one. ENS isn't need
5.
by bcmillegan 5y ago
It does not cost $120/yr. ENS protocol fees are: - unlimited subdomains, free - importing DNS name into ENS, free - for .eth names, based on length: 3 characters, $640/yr; 4 ch, $160/yr; +5 ch, $5/yr For .eth names, you
6.
by bcmillegan 5y ago
FYI, you can still have that exact kind of service with Ethereum accounts, some wallets offer that. It's improving all the time, but there are already and will continue to be many offerings on how to manage an Ethereum account. But the
7.
by bcmillegan 5y ago
A decentralized naming system that solves what was previously thought to be an unsolvable computer science problem (Zooko's Triangle) that's open source and self-running, and where funds (that are raised with a minimum fee to prev
8.
by bcmillegan 5y ago
> There were loads of vendor-neutral identity ideas that all fell flat because nobody wants to sign up just for an identity. Yep, I agree SSO by itself isn't enough of an incentive to use something. A key part of the thread is that
9.
by bcmillegan 5y ago
> So the Director of Operations of ENS Domains says Ethereum has solved an extremely solved problem and one of the cornerstones of that solution is... wait for it... ENS Domains. Gotcha. Yep. Note that ENS is an open source self-running
10.
by bcmillegan 5y ago
Hey! Author of the thread here. Thanks for your comments! > This is an extremely solved problem. Not with the properties of Sign-In with Ethereum (SIE), which is single, user generated authentication credentials, a self-custody portable
11.
by bcmillegan 5y ago
Hey! Author of the thread here. Thanks for your comments! > This is an extremely solved problem. Not with the properties of Sign-In with Ethereum (SIE), which is single, user generated authentication credentials, a self-custody portable