[anunay03]

There are already projects like Handshake, ENS, Unstoppable domains that try to do this. Honestly I like the need for renewal fees for domains personally, since it means you can't just buy a domain once and squat on it forever.

[justsomeguy123]

Maybe renewal makes sense to prevent squatting but the question remains: who receives the money paid??

If the money were to be used to secure the network somehow, it would make sense.

If the money just goes to the creators... it was all just a money grab.

[anunay03]

I am unsure about the speicfics but Handshake appears to burn the money paid. So that's fine.

However most of the potential token supply (like 50%) was premined/airdropped to ssh keys of Github users with >15 followers.

[dingleberry420]

Except that the money in this case is actually electricity and all you're doing is advancing global warming.

[justsomeguy123]

> Handshake appears to burn the money paid. So that's fine.

That's not necessarily fine if the fee is in custom tokens. By burning they are just reducing supply, locking in the amount paid and increasing the value of their huge holding. It's pretty terrible.

[anunay03]

Oh I mean it's fine as a concept, since everybody gets the money (in a situation where all the tokens were obtained "naturally").

Ofc in this case the Devs and the "sponsers" have 10% of it, so yea.

[qweqwerwerwerwr]

yes you can. it costs 10$ a year to squat a 10 million dollar .com, and I bet there's a bunch of them that had been parked since the 90s

the registration fee does prevent someone from squatting the entire Library of Babel though

[dontbenebby]

They taught us in Appalachia to avoid re-occuring payments at all costs, because if you forget about it they can rapidly drain your bank account.

What is your suggestion for those of us who can't spare an angel investment of "just" ten dollar a year until we die or sell the domain?

[anunay03]

Well true, I don't know what a good way to deal with this would be, blockchain based solutions also suffer from same problem, where early adopters squat on domains and offer to sell them for 10000x markup

[qweqwerwerwerwr]

I have thought about it for a long time and I also don't know