.crypto domains launching on 12/11

[Unstoppable Domains]

Hi NamePros,

We’re announcing the launch of the .crypto domain extension on 12/11. 50,000 domains have already been registered. Go to https://unstoppabledomains.com/?ref=namepros to find available domains.

You’ve probably all heard about cryptocurrency, but may not be aware that new domain extensions are being launched on blockchains. These domains are not part of the ICANN system. They are stored by the owner, with their private key, not by a registrar like Godaddy. No one can transfer a domain or update it other than the owner. If you store website content on decentralized storage instead of Amazon Web Services, then no one can take down your website other than you.

A blockchain domain + Decentralized storage = An uncensorable website

This is the beginning of an entirely new internet built to protect free speech around the world.


Blockchain domain features

• No Renewals - Pay once and it’s yours ... forever
  
  
• No Custodian - Domains are stored by the owner. No third party can move or update them
  
  
• Payments - The domain can be used as a payment address for cryptocurrencies. Send Bitcoin, Ethereum, Litecoin, or any other currency all to the same domain
  
  
• Uncensorable Websites - Attach domains to content on decentralized storage and create an uncensorable website
  
  
• Transfers - Escrow agents aren’t needed. Transfer to anyone in the world in under 1 minute with no risk of being defrauded

We’ll be moderating this thread and we’d love to hear your thoughts!


Brad Kam, Co-founder

This was a promoted post.​

 

[Captain Dane]

Very interested in this but I'm not a techy
Are there more in-depth videos available?
TY

 

[garptrader]

What would be interesting to see at some point is a dapp / smart contract which accepts a cryptocurrency payment from the buyer and transfers the .crypto or .zil domain with a fee of no more than 5 % of the sales price.

Inputs from seller
-domain and wallet address
-Desired sales price
-wallet address to receive payment
-email address to communicate status

Inputs from buyer
-payment in ETH or BTC
-wallet address to receive domain
-email to communicate status

What else would be needed?

 

[Milosz Gawron]

someone launch this ext with big amount ?

 

[garptrader]

By using Etherscan.io one can obtain some limited info on the status of the .Crypto launch thus far. As of Jan 9th, 2020 AM there are 1445 different holders of .Crypto domains and nearly 42 thousand .Crypto domains have been claimed (I believe registration on the UD website does not interact with the ethereum blockchain - only the claim process). I suspect the top several holders are affiliated with Unstoppable Domains as I cannot see any logical reason why someone would register 500 or more .Crypto domains. I checked my account and found my owner address and was able to find it on the blockchain with the total number of .Crypto domains I hold. I did not see any info there regarding keywords registered.

 

[Internet.Domains]

For information purposes, the UD team is very active assisting with the roll out on Telegram. They are answering questions as fast as questions are asked. Their support is phenomenal considering the technology of the Decentralized Web is new to many. If you need assistance give Telegram a try.

 

[HotKey]

Yep. Never seen anything like it, very impressed.

 

[Internet.Domains]

If you are on the big T (Twitter) they got a little contest going. Good luck!


https://mobile.twitter.com/KennethBosak/status/1216789658601951234?s=20

 

[Jothan Frakes]

Hmmm. hard pass

 

[Internet.Domains]

I just followed an AMA with UD and crypto users are quickly jumping onboard the .crypto train. No question it has been recieved well. With an estimated 50m crypto users currently and an estimated 1bn over the next ten years the future looks bright.

 

[garptrader]

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.

 

[Internet.Domains]

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.

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.

 

[garptrader]

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).

 

[garptrader]

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.

 

[King]

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

 

[Unstoppable Domains]

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

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

 

[Keith]

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

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.

 

[Internet.Domains]

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.

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.

 

[Keith]

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.

That has nothing to do with what I asked.

 

[Internet.Domains]

That has nothing to do with what I asked.

I must of missed it in that case.

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

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.

 

[griff]

There are great names still available.

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