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by ailideex 2543 days ago
How is this better than namecoin and how will it not end in same problem?

Also this really does not do what the person you responded to asked for - I can't get some personal domain name for life from this - it is market based AFAICT. Really seems to solve almost none of the problems and goes directly for what ICANN only now does with .org as no domain will have any price cap with handshake.
2 comments
xur17 2543 days ago
> I can't get some personal domain name for life from this - it is market based AFAICT.

The yearly renewal fee is fixed, and is a standard transaction fee, not market based [0].

[0] https://handshake.org/faq

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ailideex 2543 days ago
Claim from the site you linked to is not the same as your claim:

> Renewals for names are annual and cost a standard network fee. Miners will receive the transaction fee as part of their block reward.

This could mean:

- Fixed USD fee (it is not this one)

- Fixed coin fee (don't think it is this one either) - but coin price is marked based - so fee is market based

- Price does not depend on domain name but miners basically decide the fee like it is with other cryptos (think it is this one) - still market based - and actually could be gamed to make it higher for some domain names

So ...

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CameronNemo 2543 days ago
Can you explain how the miners can price discriminate against certain domains? Seems like the network fee would need to be identical for every concurrent transaction.
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ailideex 2542 days ago
I don't know exact details, but if it works like bitcoin miners can refuse to put renewals in blocks if the fees is not high enough.
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xur17 2542 days ago
In which case you can just wait until there are less transactions waiting to be confirmed, driving the price up (it's a renewal, so you have plenty of time to complete it).
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remram 2542 days ago
You can't wait to renew, or someone who's willing to pay the price will steal your domain.
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rasengan 2543 days ago
Namecoin is a great project. One of the issues however is that it introduced a .bit which essentially meant it was a new system/tld. Furthermore, the existing stakeholders in the naming system (domain owners) did not have an easy way to join the system without risk of losing their name or being sold their own name at a high price.

Handshake mitigates this by replacing the root zone entirely and, in addition, allowing existing stakeholders (.com, etc) to continue to own their existing assets.

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