Earlier quoted context omitted.
I’m not a fan of Handshake. The auction system is pretty much the worst system you could build for normal (ie: not rich) businesses that want to register their own names. Seriously, who wants to compete against people who have a gazillion HNS that they got for free? Then add in the fact that it’s a judgement proof blockchain and you’ve got a system that’s awesome for squatters, flippers, and rent seekers while being…
Interesting. However: > Seriously, who wants to compete against people who have a gazillion HNS that they got for free? Or you can buy it off of them, just like you do anywhere else if you were too late to buy say, pets.com, nba.eth or .ftx/ which were all 'squatted and flipped' today. No different here and neither system aimed to totally prevent squatters, flippers and rent seekers. Because you cannot and you know t…
> Even when you take them down, more typo squatters take its place. It happens everywhere. There will always be typo squatters even after trademark violations, unless you buy the domains off of them.
I disagree with almost everything you wrote, but especially this part. There's absolutely recourse in the current system. It roughly goes webhost > registrar > registry > ICANN. If someone is violating your trademark you can use ICANN's UDRP to file a complaint and ICANN has a process for resolving the dispute.
You can even see the market impact of the UDRP if you pay attention. $5k is often quoted as the rough cost to expect when making a UDRP complaint, so it's not a coincidence that most domainers (aka squatters) sell non-premium domains for $2k-4k.
At the very least the bad actor is going to have to reveal their identity to accept your money or to participate in the UDRP. That alone is enough to deter some of the most egregious behavior.