Comment by gblargg
6 hours ago
It seems insane because it seems like a big point was to have a permanent site for your name. This just devalues all domain names, showing that they can do a rug-pull at any time because they don't want to manage it (how about turn it over to a private company that can adjust costs so they can make a profit and keep it running?).
This is why new gTLDs are insane and stupid. It is about time there is some _yours for life_ DNS system.
In this age, allowing domain names to be owned by other entities is almost like allowing a company business registration number or one's national id card number to be transferred to others.
I think name squatting is a problem, but it is not like that current system has solved it.
Squatting is purely a result of being able to resell domains.