Search found 9 matches
- Tue Apr 20, 2021 11:57 am
- Forum: Project direction
- Topic: Decentralised exchange for names
- Replies: 6
- Views: 73689
Re: Decentralised exchange for names
I don't see the point. With open offers, you can already offer to sell the name to anyone for a given price without interaction. Combine this with locktime, and you can do Dutch auctions non-interactively: * Buy today for 1000 NMC * If nobody buys it today, 900 NMC tomorrow * If nobody buys it, 800 ...
- Mon Mar 01, 2021 4:43 pm
- Forum: Project direction
- Topic: Auctioning off newly expired names - a softfork proposal
- Replies: 6
- Views: 57845
Re: Auctioning off newly expired names - a softfork proposal
Well, I don't see anything wrong with that strategy, and isn't it a standard practice on the Internet to sell off expired addresses anyways? Sure, it's not going to earn you millions and millions of dollars or going towards getting you personal safari park or something like the yacht Anna I , but i...
- Fri Feb 26, 2021 8:58 am
- Forum: Project direction
- Topic: Auctioning off newly expired names - a softfork proposal
- Replies: 6
- Views: 57845
Re: Auctioning off newly expired names - a softfork proposal
Wouldn't it be easier and simpler to instead just require that the name_firstupdate of an expired name burns a certain number of coins (i.e. pays more in inputs than outputs, but the miner is not allowed to get them as part of the block reward)? That would still be a soft fork, and it would solve t...
- Sat Feb 20, 2021 2:05 pm
- Forum: Project direction
- Topic: Auctioning off newly expired names - a softfork proposal
- Replies: 6
- Views: 57845
Re: Auctioning off newly expired names - a softfork proposal
That is an interesting proposal. I think currently there is no rule that prevents people from taking back out excessive value (above 0.01 NMC) locked in a name, though, so we would have to add this as another part of the soft-fork restriction. Either require the value to never go down (rather than ...
- Thu Feb 18, 2021 10:33 pm
- Forum: Project direction
- Topic: Auctioning off newly expired names - a softfork proposal
- Replies: 6
- Views: 57845
Auctioning off newly expired names - a softfork proposal
When a name expires, anyone can register it for 0.01 NMC, as long as they performed a name_new 12 blocks before it did. There's no preference to the owner, and there's no real system of deciding who gets it. When there's no real system, that means it's up to the miners to decide. This has several is...
- Wed Feb 26, 2020 7:45 pm
- Forum: Project direction
- Topic: Pricing things in USD onchain
- Replies: 1
- Views: 33972
Pricing things in USD onchain
There's some suggestions of making various costs pegged to the Namecoin/USD value, so renewing a domain costs X USD instead of X namecoins. This however presupposes that you know the exchange rate. Mechanisms for this have some issues. To quote a senior developer: IIRC the previous discussions concl...
- Wed Feb 26, 2020 6:23 pm
- Forum: Project direction
- Topic: Harberger taxation for names
- Replies: 2
- Views: 36035
Re: Harberger taxation for names
I thought of this. It seems like it's either to allow that problem or to keep the current state of affairs, which is that any halfway decent domain being taken. If the squatters were willing to sell at a fair market price, fine, but often they are not even contactable. Anyway, I can envision two sol...
- Sun Feb 16, 2020 7:01 pm
- Forum: Project direction
- Topic: An interesting use case for the Namecoin .bit domains
- Replies: 7
- Views: 64063
Re: An interesting use case for the Namecoin .bit domains
Right now my opinion (and that of several other experts I've talked to) is that the incentive to mine renewals is too low . In particular, the concern is that an attacker (whom we'll call Keith) can pay Eric to refuse to mine renewals for a name owned by a website operator (whom we'll call Julian)....
- Sun Feb 16, 2020 1:25 pm
- Forum: Project direction
- Topic: Harberger taxation for names
- Replies: 2
- Views: 36035
Harberger taxation for names
Namecoin presently suffers greatly from squatting; a huge chunk of the top Alexa names are already registered in .bit [1], and generally not by their legitimate owners. Past solutions have generally taken the form of creatively hiking the cost of buying and/or renewing a name, perhaps by pegging it ...