Someone is massively registering multiple *.eth domains

https://www.reddit.com/r/ethereum/comments/6p990e/someone_is_massively_registering_multiple_eth/

by wslh • 9 years ago

35 42 9 years ago

reddit.com

hartator• 9 years ago

It's not unfair if he is paying for them.

wslh2• 9 years ago

Do you think every company is aware of this service?

olegkikin• 9 years ago

According to [1], it's minimum 0.01 ether for one year. That's around $2.24, so not that cheap for mass-registration.

[1] https://registrar.ens.domains/

45h34jh53k4j4• 9 years ago

this is the 'cocacola' problem. No strong name system can work in the real world if cocacola has no legal right to their name. Sue a smart contract, lol!

Considering cryptocurrencies supposedly 'square' zooko's triangle, a fraud namespace like this eth registration can not survive the real world.

knocte2• 9 years ago

I guess we won't see massive migration from DNS usage to ENS usage in a matter of days. I foresee we'll have mixed usage decentralized and centralized naming systems for a long time until people start seeing the advantages of the former. By that time, CocaCola will just have to buy the domain from the squatter instead of registering themselves (too big to fail, on this matter).

45h34jh53k4j4• 9 years ago

I agree, there will be both central and decentralized namespaces; I do love the idea of decentralized, but I am realistic about the limitations. CocaCola can ether buy the keys (or have a court requisition them from something.. ) Now, this relies on the keys that registered this domain still existing!

No court in the world can force a deleted key to be transferred to CocaCola. Likewise any cryptocurrency cannot be forceably stolen by the threat of state violence -- the math does not permit it.

So either, cocacola has to have cocacola1.eth (lol), or they have to institute a court ordered hard fork to recover the keys.

Both seem undesirable!

DonbunEf72• 9 years ago

It's 2017. Stop letting users pick their own identifiers.

grayhatter• 9 years ago

lol wut...

As opposed to?

Wait, let me guess, UUIDs right?

SkyMarshal2• 9 years ago

Actually, yes, UUID's would be ideal. Then we'd just a public registrar of some sort to index them with a more human-readable name.

a_t48• 9 years ago

Did you pick your HN id?

DonbunEf72• 9 years ago

No. I do not know how this name was chosen.

al_chemist• 9 years ago

25 days ago someone brought 600 domains that does not exist. That is not a news.

xur17• 9 years ago

Yeah, I was expecting hundreds of thousands based on the title. This doesn't seem like news.

pdelbarba2• 9 years ago

I don't understand why domain squatting in general isn't considered more of a problem. I tried a couple different times to get a .link domain for my blog and just about anything short/meaningful on the obscure tlds are taken, but none of them are actually used for anything. They wanted $5k for sym.link...WTF?!? I actually sort of appreciate the logic behind the .sucks tld managers if not the intent. You can't squat everything if the registration actually costs something semi significant.

pan69• 9 years ago

I agree with you. But what do you expect from a system that allows you to create real-estate out of thin air?

EADGBE• 9 years ago

Insert "cash" for "real-estate" and we have a very ironic statement.

FussyZeus2• 9 years ago

I recently had a communique with a domain squatter who held myname.com, wanted $100k for it. I actually asked if he was on drugs.

According to the wayback machine that domain has been parked since 2002. 15 years of annual renewals, never been sold apparently, never actually held a website (or seemingly any services) yet somehow that equals $100k.

Domain parkers should be booted from the Internet. It's the most useless, scummy form of business.

ChuckMcM2• 9 years ago

If you are friends with a registrar 15 years of renewals is less than $150. So $100,000 against $150? I expect that if you offered them $10,000 for it they would take it, but they want to 'set the bar' high so that you'll not waste their time offering them a few hundred dollars for it.

And to put that in context, if you said "Invest this $150 and 15 years from now it will be worth $10,000!" you would jump on that right? Even if it were only worth $1,500 it would be 10x on your money in 15 years.

pbhjpbhj3• 9 years ago

How would you manage it? I have a domain I'm using and someone wants it ... Would you stop them from paying me (then I could make a company to sell it), how do you see it working?

snarf212• 9 years ago

I think the way to fix domain squatting is just to enforce a larger annual ICANN* fee. I would set it just above what someone can likely make a year via a link farm. Say for instance $500. If you really want a domain for your business, etc. that isn't an unreasonable amount. If you want it as a link farm, you are de-incentivized. If you have the next twitter.com, then speculate if you'll get your $100K or more.

I would then take this extra money would get used to support research and development for internet related things like protocols, exploits, etc. so it is a net win for everyone. Also, we then have less companies with names made up of bad spellings.

Phlow• 9 years ago

Can someone tell me why I'm seeing so much about ethereum on Hacker News lately? It's starting to feel like a concerted marketing push, the same way that the latest Kardashian outrage is a non-event most people don't care about, but they sure make it look like news...

nshung• 9 years ago

I guess it is because many people on HN own ether.

Someone is massively registering multiple *.eth domains

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