I do not think the price for 5+ char domains should be increased. Sure a multi-year discount would be nice, but increasing this base price is going to hinder the adoption of ENS in my opinion.
I know for us crypto-native folks $5 sounds like peanuts, but for most of the world that is not.
If I’m onboarding someone in Africa or Asia, and I tell them they should register their name for 5 years, that’s already $25, in many of these countries that is a week or two of salary (yes I’m not kidding).
Now of course this is somewhat of an extreme, but we should not forget that most of the world for whom crypto is supposed to provide financial freedom and liberation for, this is already a very high price. Increasing it further you just push out a majority of the worlds population.
Now I’ve seen arguments going around that most people will just use subnames. Honestly most subnames are ugly and clunky, and if you’re going to force people in that direction by increasing pricing, then we are also sacrificing UX, and allowing void for competitors to fill.
Just my first reaction to this.
gm