this post was submitted on 11 Dec 2025
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Another great example of this being an economic rent problem.
Namecoin is one of the oldest cryptocurrencies, but never caught on because it's >99% domain name squatters. There's no mechanism to increase the cost of renewal to anything proportional to the value of the name, so they always renew for practically free. Consequently there's no incentive for web browsers to support it.
A domain name is like a plot of land. Right now our choices are crony capitalist ICANN with eminent domain, anarcho-capitalist crypto DNS, or sailing the high seas on an .onion address.
Hey hey hey, there’s i2p too.