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Thibauld
@thibauld
A proposal to implement a dynamic rent approach to channels that would: * improve user experience * limit name squatting & extortion * increase app creators revenues Let me know what you guys think! https://slideframe.replit.app/QmNyAmhU3TsUJMfQfT8sAyHoYFvF7r4SALMwWN3hubc2WH
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Thibauld
@thibauld
@dwr.eth , @v and team, that proposal is for you guys 👆 @simondlr, @vitalik.eth I would be interested what you think about this application of the harberger tax given that you've very likely witnessed more experiences around it than I did 🙏
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Vitalik Buterin
@vitalik.eth
I feel like the challenge here is that channels are a public good to a greater extent than domain names. This approach works great for branded channels, where there is a single natural payer that gets a large portion of the benefit from the channel, but there's lots of other examples that don't work well.
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Vitalik Buterin
@vitalik.eth
Eg. imagine someone making a channel for a particular country. This is a public good for people from that country. If you HT it, then you *increase* the chance it goes to the highest bidder, and it's much less clear that the natural highest bidder is a good actor. Even the government: they could abuse it to censor.
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Vitalik Buterin
@vitalik.eth
Or eg. (scrolling through the list of channels I'm subscribed to) "history", "longevity", "network-states", "privacy" ... none have natural top bidders that are obviously aligned with being fair stewards of the channel.
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Thibauld
@thibauld
I get what you mean but it seems that I should have made more clear in my slides that the channel owner has to "opt-in" to the harberger tax system. It's NOT the default. By default, channel owners just pay their X warp / year and enjoy their channel. Nobody can take it from them (except the App creator).
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Thibauld
@thibauld
Basically only channel names speculators would opt-in to the HT system because it's how they ensure that the App creator won't take their name away. TL;DR channel owner can: * Do nothing and avoid the HT system. Best choice for those who actually use the channel. * Use the HT system to speculate on the channel name.
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Vitalik Buterin
@vitalik.eth
aaah I see. So channel owner has a 1-of-2 choice between "submit themselves to Governance™ (which could just be warpcast operators)" and "participate in the HT scheme" And I guess you can adjust the HT rate so that you get equal takeup of both. Interesting!
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Thibauld
@thibauld
Yes, exactly! 🙂
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