Comment by verdverm
Web 3 already tried this, it was called Handshake. I think their downfall is they wanted to replace ICANN / DNS rather than work with and alongside the current system.
Web 3 already tried this, it was called Handshake. I think their downfall is they wanted to replace ICANN / DNS rather than work with and alongside the current system.
crypto bros are annoying but at least they're doing their own thing. ICANN is actively screwing us.
If crypto bros took over the DNS system, it would no longer be them doing their own thing and we would all be getting screwed harder by the more deeply and insidiously misaligned incentives that come with crypto coin projects
Anything that gets put on the blockchain gets a secondary derivatives market that then impacts your own project. There is nothing you can do about this, they are created independently and can live on a different blockchain. They are so obsessed with financializing everything and turning it into a market where they can skim off everything out there
shame, ICANN sucks