IMO a fixed $25 to create a channel is probably far *below* the socially optimal price. Many were squatted in an early speculative land grab and are now abandoned. It's much easier to create a new one than commit to curating it and building a community over the long term. 

Throwing them onchain and letting Coasean bargaining sort it out seems reckless until the concept can outcompete "squat, gamble, and speculate."

this presents an interesting case for channels as DAOs (once channels come onchain and the names get expensive)

- crowdfund to buy the channel namespace
- resulting DAO owns the channel
- collectively manages the channel, including moderation/curation
- maybe ownership shares can update according to value created for the channel
- DAO can decide to sell the channel, splitting the proceeds proportionally