I wrote really a lot in this thread so no need to repeat myself.
If my suggestion is wrong, nothing will be changed as it will be proven as wrong before the change is scheduled to occur. If I am not wrong, ENS will benefit before the end of this year and will be on the right track. Also already explained why.
Not now, only after 01/01/2024, and only if the condition will be fulfilled. A $50/y is max, and it would be only slightly better, but not good, if it would be lower than $640/y, but higher than $50/y.
would also mean weâd get more users to register short names , no ?
tbh , ivâe been told that any potential proposal discussion, especially regarding airdrops or renewal costs
will be straight ignored or just talked to 0
nick is still ignoring some good points why 3ch names are overpriced compared to the 5+ch set but i expected a completely waste of time here since this is a wannabe âDAOâ
this discussion was actually an confirmation for me personally
To be honest, I am really disappointed. Not so much by the fact that probably my suggestion will stay ignored (my main goal was to raise awareness for now,), but mostly because I expected more cooperation from the DAO and a more friendly tone towards us with a different opinion, but with hope and belief since the days when there was no digits frenzy and when ENS was much less popular. I thought ENS is not owned by anyone and is decentralized.
I will stay in ENS, but yes, looking elsewhere too. I am not the only one.
I expected to hear from Nick at least some counterarguments to my suggestion. No need to mention what the market (including adopters) thinks about the current renewal fee structure.
But I donât expect anything anymore. @nick.eth is still ignoring, previous replies were not a constructive discussion but more an arrogant denial, we are âsquattersâ, this thread is in a slow mode (very interesting discouragement) etc
Well, daylon.eth then confirm that you see 0 reason to change the renewal fees but know that
3ch registrations went down more than 70%
there are A LOT more 5 & 5+ character domains which are âsquattableâ
3ch set (around 2% of the supply) makes/made more than 40% of the protocols revenue
You donât see a reason to adjust the renewal cost for 3 4 ch domains. For an naming system which is out since 5 6 years, there is no reason to do so? Charging x64 of the $ what web2 is doing but weâre still ok with that?
Yes or No ?
(also coltron.eth, since you liked daylon.eth reply , would love to get an answer from you too)
I donât think changing the prices would impact registrations or renewals in any meaningful way.
Funding is not at risk.
This is just my perspective.
I appreciate your conviction, I just donât agree with your speculation. And that is really what it is - speculation. Show me some data and evidence and I am open to more discussion.
itâs not speculation, itâs more about that the usage of 3ch domains.
you never had an scenario where the renewal cost was lower for 3&4 ch domains to get any evidence. Do we at least agree that a 70% decline in registrations would not happen then ?
the âimpactâ would be , that ppl could get ânon valuable 3ch domains (to a wide audience)â for a much fairer price.
not talking about funding, would kinda stay the same
How is that speculative to test other price structures ?
Itâs speculative from the DAO to allow 1 month registrations. Itâs speculative to charge 640$ per year for 3ch domains.
I showed you evidences above, itâs technically impossible to provide more if there was only one price structure since the start of the project.
What about you providing evidences that 3ch domains are good priced ?
Your claim that lowering prices will increase usage or adoption is speculation. It could just as likely increase squatting.
The burden of proof is not on me to strengthen or weaken your claim - you are the one claiming it.
If you want evidence that people are willing to pay the current price, look at the monthly revenue.
I can only speak from the perspective of some friends whoâd simply rejected to get a 3ch name because its expensive.
So ⌠that would at least increase the usage by the few friends i mentioned above. And likely more ppl with the same view.
Im saying , it could increase usage. You said , it could increase squatting.
What names are still âsquattableâ in the 3ch sets ? âŚstill ⌠we are 5 6 years into the project.
You basically saying that high prices prevent âsquattingâ like nick said:
Again , the argument with the âsquattingâ makes no sense.
Why would nickelodeon.eth cost 5$ per year but, k9a.eth / .eth cost 640$ per year.
Itâs simply unbalanced.
Iâm requesting this to be closed.
-Very little delegate interest
-Lacking convincing evidence
âseems to be focused on squattersâ
Not everyone can acquire the most desirable name unfortunately. Personally I donât see anyone complaining or complaining to me. Please think about thisâa handful of people are calling for reduced fees. At the same time there are dozens of handfuls that donât mind at all. If itâs an affordability issue, then I would suggest looking into a different chain for your financial endeavors or register a longer name for only a few bucks. Iâm sorry but this topic is dragging focus away from other initiatives.
And where is the problem with my suggestion? If you are right, and I am not (possible), nothing will be changed. But if I am right, we will see the EVIDENCE before any price change.
The market is the one that should set prices. Squatting is inevitable in any market and that is nothing bad. Moreover, I explained why it would be good for ENS in general to have more liquidity and more sales. You can check some categories that are registered as a whole and you will see that prices are dropping. The market is doings its job and setting prices to a fair level at this moment. Very simple.
The only clearly visible evidence we have at this moment is that this pricing is rejected by the market. That is a fact and I doubt anyone could argue that.
My suggestion would provide clear evidence that it is a better solution, or⌠nothing will be changed.
I am sorry, but as someone who is into domains for about 20 years, I believe I understand them and that I understand end-users. There is a very few end-users who are willing to pay $640/y or $160/y.
Check Twitter, many people are not agreeing with this pricing structure. But the real disagreement is even outside Twitter and especially outside this forum which rarely has more than 5-6 users online.
If people are dropping even good short names and new registrations are barely happening, nobody should be vocal that he/she is not agreeing with this price structure, itâs pretty clear what they think by their actions.
U really canât believe that this fact is still ignored. Who are we waiting? Or what we are waiting for? A Bitcoin to develop layers and become what .eth and ENS should be?
unfortunate to see the discussion turn out like this, but also predictable. just another example of how the âdaoâ will just default to nickâs perspective on the matter, essentially delegating all(or nearly all) decision making to him.
why not just make 3char cost 1mil/year? then you would have zero âexcessive speculative registrationsâ guaranteed
why not make 5char cost $10000/year? again, it would solve all your problems of the disdainful squatters
itâs very clearly a sliding scale with reasonableness somewhere in the ballpark of $10 and unreasonable costs-are-too-high has clearly been hit by the time we get to $650. would love to see stats on how many primary ens are set as 3chars(and 4chars) and how many of those have them set for more than 1 year. i dont even need to see the data to know that it is extremely low.
i think the high fees played a very important role during the bootstrapping phase. but i think itâs very clear weâre past that point and itâs time to start toning them down so that end-users can start adopting them without having to choose between a car they can drive for over a decade and typing out a couple less characters when they want to move some eth around.
it seems to me the dao likes to move slowly and carefully, which is great. which is why i recommend a gradual reduction in prices(over the course of years) until we start seeing a substantial increase in 3-4char primary ens that are happy to renew for multiple years in a row. ideally it should be for decades, should it not? the idea of a âforever ensâ is becoming more common every day.
Your lack of empathy towards those who may not have the financial means to pay exorbitant fees for a desired name shows a complete disregard for inclusivity and accessibility within our community.
Instead of telling people to look for a different chain or settle for a less desirable name, perhaps you should be advocating for fairer and more reasonable fees for all users.
your attempt to delegitimize the proposal as being solely focused on âsquattersâ is a weak argument and only serves to deflect from the real issue at hand.
Your dismissive attitude and refusal to engage in constructive dialogue and respond to arguments explains a lot âŚ
Point is, this DAO accomplishes change through reaching consensus.
I have no idea what youâre talking about. I donât even know or particularly care what Nickâs perspective is on that matter, much less what other members think.
I donât know what youâre expecting. After over 100 replies, a compelling proposition for a change has not been produced. Continuing to make the same ineffective claims will not make them effective.
I would recommend
stop pretending youâre a victim just because others havenât agreed with you
go back to the drawing board and come back with a proposal that might gather more support
Short of doing those things, you are pretty much just fussing at this point.
.eth cost 640$ per year.