Can you clarify on what "names" means here? Common names, dictionary, every single name that exists in current DNS? If someone has a unique non-word domain right now do they have to submit that? Wait a year?
>- Names have to be renewed bi-annually. You don't need to pay a fee, you just need to submit a transaction to prove you still have access to the private key. I don't think this will be any different than the existing DNS in terms of link rot.
That sounds decent on the face of it but it depends on how automated that can be made, what the window is like, etc. Right now I can renew every 10 years, or do so for 10 years and add on more time every year so that if I ever forget or have trouble once I still have a huge window, and have automated billing/warnings etc. Not free, but pretty reliable. If namebase.io or the like are needed to handle this by most users I also don't see how decentralized that can actually end up being though I guess the infrastructure can help. How are transfers to different registrars handled?