Design

Founding Engineer shadow.xyz | Values-Aligned Communities | ❄️⛷️ it’s /snow season | citizen of Black Rock City

Does Alice choose to list Kyle? Or is Kyle just available for bid automatically? If Alice isn't choosing to list Kyle, and is then straddled with the burden of paying 50k to keep it, namespace quickly becomes a funnel to the top where people can't keep their namespace if it is seen to have value.

Correct. No one is *entitled* to a word. Every channel, every name, every word is worth something

It is the real estate of the internet

Those willing to contribute to the protocol get to own valuable namespace that the protocol provides

You can still make your display name whatever you want

Values-Aligned Communities | citizen of Black Rock City

Picture this. You think you’ve got a ticket to making real money some day. You also identify with the name. you don’t want to sell it now, when you think you could get more later on. So you hold it, cause you like it too. Then someone takes it from you bc they have the money, and they themselves sell it later4 $$$

tryna do dev stuff. I need a job plz

Ask me things I’m working on

What if you’re dirt broke? Sure, ideally a smart rich person might come in and offer you options (which they themselves make a % off) but that’s probably not gonna happen. Imagine not having the money and losing it. Would feel like what they call the “poor tax”

For what it’s worth, it’s easy to think that money would make it democratic.. but unfortunately it’s not really like that. I think your idea and stuff comes from a good place though and it can certainly still be done regardless!

You could implement such a thing with incentives, not what a user might see as a “punishment”. So in the current meta that’s points for an airdrop and rewards etc for going along with the sale, rather than it being like a “forced” pay or lose it type thing

What if the tax is 0.1%?

So if someone offers $1m for it

You’d just have to pay $1,000 to hold onto something you think is worth *more* than $1m

(Since if you thought it was worth less than $1m in the future you’d take the $1m rn)