I recall lbry.io being posted here before and there were concerns around the naming system, where anyone could take control of a particular name just by giving more money to it at any point. There's an FAQ up ( https://lbry.io/faq/naming ) which addresses this concern, and I think the system that they have designed is fantastic. It seems fair, although I'd give a slightly longer time period for a "counter-bid" person…
My problem with all of this is I don't care about having the "best name". I want to make a new name, and then work increasing it's value. This system seems like anyone who wants to make a name but not monitise it will lose. How much of the value of (picking the first things that come into my head) the names FSF, GPL, GCC and clang come from the organisations and products? I bet those names would be worth much more to…
> Rest assured, we’re implementing permanent URLs that are always yours.