Comment by stubish
8 days ago
Credit cards have expiry dates, or at least they do over here. I expect my partners domain to expire 10 years after my death, as I can only pay 10 years in advance. To many people, there are more important things to worry about (and often second thoughts after the fact).
Why hasn’t anyone made a TLD with infinite expiration?
The price should just be the present value of the annual fee cash flows.
Hate to say, but might actually be a legitimate use case for blockchain here. Identity provider which is responsible for being a source of truth on aliveness tied to a smart contract for paying annual registrar fees.
Though the traditional way would just be finding a registrar which can direct debit (e.g. CSC Global or MarkMonitor) or setting up a trust account for someone to manage it for you. Or just power of attorney plus escrowed account.
Apart from cryptocurrencies, I don't think that there are any legitimate use-cases for blockchain.
Then the question is whether we want cryptocurrencies or not (I don't).
I don’t get it, example?
A promise of money in the future is worth less than getting this money now. Present value (PV) here would be - how much you would pay now to get $X after T time.
Turns out that sum of PV($X in 1 year) + PV($X in 2 years) + … converges even though the series is infinite. Look up “perpetual bonds”.
The value of $10 paid annually forever is probably $200-500 depending on [things].
Source: I work in a bank but I’m also shit at finance so take this with a large grain of salt.
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