I bet Nick could figure out a way to preregister every single iteration of the 3 and 4 letter domains and hold them himself for speculative purposes. If riches is what one desires there are many ways to achieve it. It appears the prevention of squatting names is the #1 goal and revenue is secondary (or just an offshoot of #1). I believe it is not an insurmountable task to begin a bluelist and embargo a bunch of “questionable” marks. Open those to a 1-year announcement period and then put them to an auction.
I know this opens other can-of-worm debates about what should make the list and what should not. (brand popularity oracle?) But it will undoubtedly eliminate the most obvious cases. It will also be newsworthy enough for media to pick-up. It will be the type of press we want.
We are not trying to make life difficult for people, just trying to be sensible about it.
@MichahZoltu I am with you for open markets, but for someone who snatches FedEx.eth and tries to play off the name in the face of the parent companies long established rights might face legal problems they did not want. And both Squatter and FedEx will do what they gotta do when the time comes. Most likely Fedex will buy the FedEx.eth from the speculator if the ENS is successful. There are some cases that warrant a take it slower approach.
This is all a big crap-shoot anyway.
$1000 for 3 letter marks
$500 for 4 letter marks
$10-20 for 5 letter marks
$5 for everything else.
No science involved, purely market guess. Enough for investors/squatters to make well reasoned good decisions and enough to screen out bot bulk or ransom registrations.
Ponder this. Who has the rights to XXX
What is the value of XXX.eth today? What will it be in 10-years? How much do you think it would auction for with a 1-year embargo and announcement of a public auction? We don’t know these answers, but i have a pretty strong sense of what might happen.
And what about 1.eth ? iam.1.eth