Crypto:
What's your thoughts on Ethereum Name Service? Do you think this will take off?

ENS is basicly a decentralized DNS based on the Ethereum blockchain.
It seems like a significant piece of technology to me but I'm having a hard time to judge how significant or useful it will be and to whom.

https://ens.domains

Last time I looked, it's not really a dns, more easy aliases for wallets. Might be wrong. If wallets start getting associated with personal servers, then maybe (tor kinda uses part of a key pair as a url for a node).

The whole point of blockchain being "distributed and decentralised" is a bit BS at the moment. They've just created a currency where you earn money by having money. So it's just a cookie cutter of our current system, but less oversight.

There's potential, but I've spoken to a couple of industry insiders about creating stuff and every time the question is "but how do you charge people?", and they're just not trying to decentralise it unless there's a point of authority that can make money.

Is that some competition to unstoppable domains ?
I think it’s no competition for current dns and domains cause you still need to pay for name and it doesn’t prevent scalpels from registering multiple domains just to resell them.
It doesn’t introduce any advantage other than giving your wallet a nice name. In fact it introduces disadvantage cause when you lose access to your wallet you will lose your domain and can’t get it back.

@vane Unstoppable domains use ENS. So they are not in any kind of competition.

What benefits does it have and what problems does it solve that DNS currently has?
What (potential) problems does it have? Do the benefits outweigh them?

The only positive I can see is .ETH is independent of the ICANN - but is also not accepted by anyone outside of ENS.

If something promises to solve some vague issues (especially with the keyword of "decentralized") using blockchain, you can rest assured - it's just snake oil.

@yehaaw Unstoppable domains are NFTs on Etherum network where you actually own them, ENS provides a subscription-based service where registrars own the names and you just subscribe to use them. Therefore the services use similar technologies, but they're completely independent.

Either way, it's mostly unsustainable hype. The main problem is that any change you make to your name or related records (whether through ENS, Unstoppable domains, or other similar services) is a transaction on ETH network, so it takes a while to complete and more importantly, costs gas fees. For that same reason, resolution of a name means looking through many blocks of transactions, which works for now, but can't possibly handle the same scale of requests DNS does. The only true benefit is that since it's on a blockchain, it's mostly imune to various forms of censorship and spoofing.

Call me a Luddite, but I have yet to find 1 issue that made me think oh yeah this can be fixed by Blockchain!

I don't care about anything on the blockchain, it's an overused concept, not everything is meant to be on a blockchain people

To be honest, I am just starting my activity in the crypto market and it is very difficult for me to understand how this system works in general, but I was working with the SingularityDAO app and I was told that they would help me here because it allows you to track changes in the crypto market and choose the right moment to invest, I think you will also appreciate it. You will be able to spend less money on transaction fees thanks to the forge, which groups transactions of DynaSet users.

nice one!