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by Fede_V 1867 days ago
That's exactly right. I've seen zero products where the blockchain is a compelling value ad, with the exception of:

- it makes it easier to raise capital by claiming that what you are doing involves crypto, because then you get crypto-type valuations

- you can get money from people who want to speculate

1 comments

I, personally, think Handshake is an interesting value add. Decentralized ICANN on a blockchain, mainly because I can't think of a better method to decentralize TLD management.

The negative is a lot of the TLDs sold on Handshake were sold to early interested parties, many of which were speculators. Unfortunately, other than an ICANN run solution, I can't think of a way to solve this since you need critical mass to make it fair, but can't get critical mass without having everything running.

Maybe they should have restricted the character length of the TLDs that were available to be auctioned at any given time based on the number of mined coins so more valuable TLDs wouldn't come available until, ideally, more people were onboarded to the service. Not sure there's a great solution there.

I've never been able to get over Handshake basing their domain-claiming system on DNSSEC -- and when they launched they couldn't even claim their _own domain_ because .org was still signed with a RSASHA1-NSEC3-SHA1 key: https://github.com/handshake-org/hsd/issues/399

It, uh, didn't inspire a lot of confidence.