.crypto domains launching on 12/11

garptrader said:

One thing that may surprise those new to crypto is that some wallets will change the default address to which you send payments. The idea is to not have repeated transactions to the same address so that people cannot see an accumulation of coins to that address. However, crypto sent to those former addresses is still part of your wallet balance and I was able to send to a former address and the transfer still appeared in my account.

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Yes, to add to your point, former addresses still forward to the original wallet. It is always attached to the original wallet. Therefore there is no issue with payments to a blockchain domain.

Regarding wallet transfers - my wife and I visited Cartagena (briefly) and Santa Marta, Colombia in November. Because credit cards sometimes get frozen when charges appear from remote locations, I wanted to have multiple payment methods. We took enough cash for a couple days but I did not want to be carrying large amounts of US dollars either. We sent a modest Xoom transfer for my wife to pick up at Bancolombia in Santa Marta. The rates are favorable to money exchange businesses but involve lengthy waits. So I ordered a Bitpay card but there were some delays in receiving it. I then discovered some complaints about Bitpay fees for idle funds. Bitpay only works with Bitcoin and Ethereum. I found that Crypto.com also offered crypto cards and works with many different currencies. I was able to transfer funds from Coinbase to Bitpay and Crypto.com cards (using the UNstoppable Domains wallet shorteners) but ended up sending my Bitpay funds back to Coinbase. Note that in my limited experience Litecoin transfers are faster and less costly than Bitcoin transfers.
The Crypto.com card works anywhere Visa is accepted but many ATMs in Santa Marta were not part of the Visa network. I found an ATM at the marina near our hotel that worked which paid favorable rates and found another downtown not far from the Bancolombia. I also used the card at the Carrefour supermarket near the marina. Purchases result in small payouts of MCO currency which can be converted to cash. However, after our trip I still had funds in the card and in December Bitcoin went under $7000. I tried using the remaining card balance to buy BTC and was unable to so. I called customer service and they confirmed that the card cannot be used to buy crypto. Kind of odd but just an fyi.

Note IMO it is better to use the Crypto.com card for purchases than to pull funds from an ATM to make purchases. An ATM withdrawal will involve fees whereas a card purchase will actually generate a small rebate without fees (exception for foreign transactions but rates using the card are very favorable to exchange houses so worth it).

Another test of a Litecoin transfer using the wallet shortener of Unstoppable Domains (though perhaps I am still not using it as intended) - at 4:33 I sent a LTC transfer from Coinbase and at 4:34 Crypto.com notifies me of a pending transfer. I receive transfer confirmation from Crypto.com at 4:50. The fee was .0000042 LTC or a fraction of a penny. We still do not have instantaneous confirmations with crypto but try doing a bank to bank wire transfer and compare the fees and time delay.

I still confirmed the LTC address before sending but I notice Coinbase allows usage of an email address. Perhaps I could type the address domain.crypto but instead I click the banner to read the barcode and simultaneously using another device have the barcode open. Perhaps I need to set up the address in my contacts.

I'm confused, how exactly do you open a .crypto?

DigitalRoar said:

I'm confused, how exactly do you open a .crypto?

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just go to unstoppabledomains.com and you can register one with either crypto or credit card

Unstoppable Domains said:

just go to unstoppabledomains.com and you can register one with either crypto or credit card

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Every name I’ve searched is either protected or coming soon. It’s not a good roll out. Just release the inventory and move along imo.

Keith said:

Every name I’ve searched is either protected or coming soon. It’s not a good roll out. Just release the inventory and move along imo.

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There are great names still available.

When you buy a .crypto (you own it for life) you aren't necessarily buying it for today's technology (crypto payments) you are buying it for tomorrow's technology, the decentralized web.

Internet.Domains said:

There are great names still available.

When you buy a .crypto (you own it for life) you aren't necessarily buying it for today's technology (crypto payments) you are buying it for tomorrow's technology, the decentralized web.

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That has nothing to do with what I asked.

Keith said:

That has nothing to do with what I asked.

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I must of missed it in that case.

Keith said:

Every name I’ve searched is either protected or coming soon.

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I was replying to that. There are still great names available. If the names are protected it is done to protect established brands. So the domain goes to the brand owner.

Internet.Domains said:

There are great names still available.

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true, but have you seen the user on opensea with 16,000 names - mostly ones like drivinginstructor-4hire.crypto or 556x45mm-ammo.crypto? i'm really not understanding what's going on there but they've spammed the place up

Internet.Domains said:

I was replying to that. There are still great names available. If the names are protected it is done to protect established brands. So the domain goes to the brand owner.

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I’ve seen several instances where @Unstoppable Domains has been questioned about protected domains that shouldn’t be protected. In my case they said it should be released but is still on hold. Also, many others are waiting release which is ridiculous. It shows a lack of faith in their product. If they were confident that names would get registered, they would roll out the entire lot at once.

Internet.Domains said:

If the names are protected it is done to protect established brands. So the domain goes to the brand owner.

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insurance.crypto
This name will be available for sale at a later time.

carinsurance.crypto
This name will be available for sale at a later time.

lifeinsurance.crypto
This name will be available for sale at a later time.

homeownersinsurance.crypto
This name will be available for sale at a later time.

etc....

They are not just protecting brands. They have withheld almost any high quality generics.

Brad

griff said:

true, but have you seen the user on opensea with 16,000 names - mostly ones like drivinginstructor-4hire.crypto or 556x45mm-ammo.crypto? i'm really not understanding what's going on there but they've spammed the place up

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Yes, there are a few whales buying lots of names. Their choice. Personally I would stick to better names.

bmugford said:

insurance.crypto
This name will be available for sale at a later time.

carinsurance.crypto
This name will be available for sale at a later time.

lifeinsurance.crypto
This name will be available for sale at a later time.

homeownersinsurance.crypto
This name will be available for sale at a later time.

etc....

They are not just protecting brands. They have withheld almost any high quality generics.

Brad

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This is also what I’ve found. They are afraid to let inventory go to the public because interest would be little.

Keith said:

I’ve seen several instances where @Unstoppable Domains has been questioned about protected domains that shouldn’t be protected. In my case they said it should be released but is still on hold. Also, many others are waiting release which is ridiculous. It shows a lack of faith in their product. If they were confident that names would get registered, they would roll out the entire lot at once.

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Hey Keith,

Thanks for your response. I'm sure it's a bit frustrating to have to wait. We've decided to go slow with premium roll out because we're trying to get all of the lists down. As you mentioned, it's not perfect yet. And since domains are on the blockchain and irrevocable, there's a high cost to us being wrong. We don't want to accidentally sell a protected domain or mis-price a premium domain. We'll start releasing soon, but not all of them at once.

The goal is for many to go to an on chain public auction. However, premium domains are less critical right now to adoption than integrations with wallets/browsers and tools to build websites. Rather than build and run an auction, we want to onboard users. That's where our focus is for now.

Premium domains will be a focus though in the near future.

bmugford said:

insurance.crypto
This name will be available for sale at a later time.

carinsurance.crypto
This name will be available for sale at a later time.

lifeinsurance.crypto
This name will be available for sale at a later time.

homeownersinsurance.crypto
This name will be available for sale at a later time.

etc....

They are not just protecting brands. They have withheld almost any high quality generics.

Brad

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Some of the generic category killers are going to go to auction is my understanding. You can add it to your watch list, via their site, and they will notify you when it becomes available.

griff said:

true, but have you seen the user on opensea with 16,000 names - mostly ones like drivinginstructor-4hire.crypto or 556x45mm-ammo.crypto? i'm really not understanding what's going on there but they've spammed the place up

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Opensea's API actually goes and finds every .crypto domain available. It's not just the ones that are for sale.

Internet.Domains said:

Some of the generic category killers are going to go to auction is my understanding. You can add it to your watch list, via their site, and they will notify you when it becomes available.

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I wouldn’t consider my name a category killer yet it’s not available. Then you start diving in and anything worthwhile is not available.

If they have no confidence in the rollout of the product, why would potential customers have confidence in them?!

They are going down the same path as many of the new gTLDs. The time when there is the most interest is usually at launch. When all the good stuff is reserved people quickly just move on.

Brad

Keith said:

I wouldn’t consider my name a category killer yet it’s not available. Then you start diving in and anything worthwhile is not available.

If they have no confidence in the rollout of the product, why would potential customers have confidence in them?!

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Premium domain releases have nothing to do with our confidence in our product. Premium domains are for speculators. We want 1 billion people to have a domain. We could do that without releasing a single premium domain.

Blockchain domains don't have to follow the same rules as DNS - and we don't intend to. Adoption of users and of applications is the only thing we're thinking about. Insofar as premium domain releases facilitate those goals, then we'll pursue them.

The reason to pay attention to this tech is if you're looking for something new and different from traditional DNS. If you want the old way of doing things, I'd focus on ICANN domain extensions.

Keith said:

This is also what I’ve found. They are afraid to let inventory go to the public because interest would be little.

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Actually, interest is very high. I have been following developments on different channels and you would be amazed at the excitement of people as they become aware of .crypto and the entire decentralized web. It's all new, but it is not lacking excitement as it develops.

Keith said:

I wouldn’t consider my name a category killer yet it’s not available.

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Keith, their support is top notch. Commendable. If you feel their is an error, or you deserve a name, reach out to them.

Unstoppable Domains said:

And since domains are on the blockchain and irrevocable, there's a high cost to us being wrong.

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This will be the ultimate downfall of .crypto. You cannot sell a “domain”, which it’s not, but ok let’s call it that, and have no control over the inventory.

It’s not only a matter of your control as much as your responsibility. You need to be damn sure that content is regulated and usage of your product doesn’t harm innocent bystanders. With .crypto you’ve just admitted that you cannot do that.

It is extremely important to understand that a blockchain domain is self custody. You control it and no one can take it away from you, not even Unstoppable Domains. You can use it to build a website that only you can put up or take down. This is the revolutionary aspect of a blockchain domain. This is the reason that so many people are dedicating themselves to building decentralized tools. We are trying to make a system that is completely user controlled. This is because no one should have absolute power over what can be said or done on the internet. No person, no group, no company, and no government.

Content is unregulated. That is the point. Filtering using blockchain systems will still happen. Apps will choose not to show domains associated with bad content. The difference is that the record is public on the blockchain so if you disagree with your app, you can see it anyway. The nice thing is that in the blockchain world, apps can co-operate using the same shared lists of known bad domains. Also, apps can give warnings before showing users a site (potential phishing, known scammer, etc.)

I wouldn't be afraid of a decentralized future. People powered systems are far safer and better regulated than top down ones like exist today.

bmugford said:

The time when there is the most interest is usually at launch.

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I would argue that because the decentralized web is new and that the tools to make it user friendly are currently being developed, the greater interest will come later.

Internet.Domains said:

I would argue that because the decentralized web is new and that the tools to make it user friendly are currently being developed, the greater interest will come later.

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Totally agree with this. It's more similar to a .com or another early extension launch in the 1990's. Those markets took years to develop. It's only after the DNS system matured that big releases starting happening.

Right now, the technology needs to focus on onboarding users and integrating with applications. That's a bit different than launching a new Gtld today.