The technical implementation aside, "what" prevents this from going down the exact same path as ICANN? E.g. how do we know next year the registration fees won't be 5x or certain registrations denied?
replyA good question. Unfortunately, all I can say is we have a solution that involves specific European countries, laws, and regulations. As I said in a previous comment, happy to share more outside of this venue, but not all details are 100% public at this point.
replyIf your solution can't survive public scrutiny, it doesn't seem like a trustworthy solution?
replyWe're simply choosing to build in a small group of closely aligned individuals and organizations right now. Many will become the first participants in helping run the public network across the globe. The network will launch completely in the open, including open sourcing the code. People can choose to wait until then to make their decisions or if they are particularly interested they can reach out to me about joining earlier.
replyA solution built in isolation by a group who just publicly tried to ride the AI wave with it is not a promising set of signs, but I have no problem leaving it at that until all is public and hoping it regains trust then!
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replyDoes alice "own" alice.dntls after she registers it? If so, how do you prevent name squating?
replyNames are not able to be traded, so it's first come first serve. It's impossible to completely defeat name squatting, but you can make it less enticing. In the above case, Alice can "sell" her name to Bob on some aftermarket but the only way to do so is by transferring the cryptographic material. This is fraught with issues, especially considering once Bob has the keys he has no obligation to pay.
replyNames are valid for one year and range from $10/yr up like current domain names. Letting a name expire opens it back up to being registered again.
We have quite a few other "tools" in play behind the scenes that make name trading/squatting extremely impractical, but I won't go into those details here :)
Seems like you could use an escrow to defeat this and sell domain names safely and easily.
replyLike I said, it's impossible to "defeat" it outright because the concept doesn't really lend itself to this sort of structure. If I buy a plaque with my name on it , therefore owning it, the only thing that could really keep me from selling it would be some centralized authority. Even then, black markets have existed for drugs for centuries.
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