Search found 9 matches

by yanmaani
Tue Apr 20, 2021 11:57 am
Forum: Project direction
Topic: Decentralised exchange for names
Replies: 6
Views: 5613

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 ...
by yanmaani
Mon Mar 01, 2021 4:43 pm
Forum: Project direction
Topic: Auctioning off newly expired names - a softfork proposal
Replies: 6
Views: 785

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...
by yanmaani
Fri Feb 26, 2021 8:58 am
Forum: Project direction
Topic: Auctioning off newly expired names - a softfork proposal
Replies: 6
Views: 785

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...
by yanmaani
Sat Feb 20, 2021 2:05 pm
Forum: Project direction
Topic: Auctioning off newly expired names - a softfork proposal
Replies: 6
Views: 785

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 ...
by yanmaani
Thu Feb 18, 2021 10:33 pm
Forum: Project direction
Topic: Auctioning off newly expired names - a softfork proposal
Replies: 6
Views: 785

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...
by yanmaani
Wed Feb 26, 2020 7:45 pm
Forum: Project direction
Topic: Pricing things in USD onchain
Replies: 1
Views: 7983

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...
by yanmaani
Wed Feb 26, 2020 6:23 pm
Forum: Project direction
Topic: Harberger taxation for names
Replies: 2
Views: 3969

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...
by yanmaani
Sun Feb 16, 2020 7:01 pm
Forum: Project direction
Topic: An interesting use case for the Namecoin .bit domains
Replies: 7
Views: 7353

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)....
by yanmaani
Sun Feb 16, 2020 1:25 pm
Forum: Project direction
Topic: Harberger taxation for names
Replies: 2
Views: 3969

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 ...