[evbots]

the way handshake addresses this problem is putting a cap on the total number of names that can be registered, and then users compete on fees in order to get their transaction mined to renew the name

[Buttons840]

Can't I make a few million accounts (or "wallets") programmatically, since it's a blockchain?

[evbots]

total number of names "total", not total number per wallet

[Buttons840]

So there is an ongoing cost to owning a name and the cost increases as the global number of names registered/owned increases?

[evbots]

yeah. right now it's ~$0 since there's no fee competition, but as soon as the total names registered gets close to the limit (66 million) then the cost of renewall will go up and it will be costly to squat. there are 1.85 million names registered currently.