Let me divide it into separate issues:
Rent for the name
Actually, the rationale that you present is the one we had, just with exactly opposite conclusion. It takes resources to maintain the tree and that’s why we want to introduce the rent.
Please don’t extrapolate, we want to charge only for name rent.
That said, it was very viable option just couple years ago in blockchain design sphere to charge rent for an account as well.
On completely side note, as it may depend on the vendor, bank or telco, you do pay for account and for the number. Easy to proof, by suspending the service and still paying fraction of the cost.
To say it again, rent fees will be very small, just to prevent massive acquisitions.
Also, I don’t get why you are OK with service payment, but not OK with the rent.
We do provide the service. Just like DNS. And as it is build in the protocol, it’s free.
You don’t pay for DNS resolution, it is transparent.
Premium name cost.
The price for insurance.com (which was 39mil, btw.) expresses high demand for the name as it brings business and revenue. We are trying to design honest way of distributing valueable names.
It seems that english-like auction is the most viable way for early stage blockchain. Auctions may take weeks, so it will let have more time to bring it to attention of interested parties. The initial fee will be value of function we design. We can look at DNS here and be similar - and have pretty high fees on sub 5 characters. I think that it can be much much cheaper to acquire 5+ char names that $1000.
Again, we do have records to maintain and an owner can update them. Can you explain what you mean?
One reason to go for auctions is current situation with
.test namespace. 100k names got squatted over two weekends by single party. How you will “use the technology” if it’s acquired by 3rd party without any moderation mechanism?
For proprietary names, we want to have claim blacklist, so they can go to the rightful owner (say, ibm goes to IBM). It’s not trivial to get the good list, tho.
What name distribution mechanism do you propose?
EDIT: of course I am asking for permissionless mechanism.