Part 2: https://skyinclude.com/wallet-update/
Part 1: https://skyinclude.com/wallet/
Viral video of Namescon Talk
I know I have not had many updates on Skyinclude Channel lately – for personal reasons (moved from China to Thailand with my family of 4 and got my children into a new school here). Some have asked why I am quiet on the .wallet case after promoting it.
Hey i know you. You’re the guy that gives info the information about UD on your show that suits you. You also backed the .wallet immensely but never once helped reach out to people like me who were left with 🧻 value of a domain. Why is that?
— insure.Wallet – DM. for premium .wallets (@ContemplativeM2) September 11, 2022
First – I have been asked to be quiet – because there is a lot behind the scenes that is brewing on that case to send back to Unstoppable and it will all come in time. Second, I want to use this as a time to explain more to those not familiar with Handshake, the ecosystem that there is.
Gateway is (most likely at this point “was”) a private company that issued SLD (domains) of Handshake TLDs in a traditional (aka centralized) manner. The various reasons the .wallet owner decided to put his TLD there was to support Gateway (as there was transitioning to Namebase Registry and they needed TLDs) as well as to more quickly get things out. The reason domains people purchased were frozen or lost during the lawsuit and freeze was – this is a centralized registrar/registry and that can happen (it can also happen on any web2 or traditional domain registrar).
Even before the .wallet was “staked” on Gateway, many suggested it to be put on a decentralized registrar- but at the time Impervious didn’t have their staking program, and there are not many other options for the “normal” Handshake director (without a lot of code).
The .wallet names people have purchased (myself included) are “safu” (safe). I am in a point where I have to still refrain from sharing all details, but I am not worried about getting my .wallet names back (in an even better format) later. The $1.99 USD invested is a clear positive ROI.
And for the record, I did this promotion for the better of the Handshake community. Sure, on our marketing and blogs we put a Gateway affiliate ID on the links (which did generate thousands of sales) – but didn’t collect the $500 or so USD in affiliate earnings (as they closed before paying out). So I am as “out” as any others who made those purchases – at the moment.
Now, to answer some other questions:
The UD CEO hopes Handshake goes to zero
Check this out (he later deleted the tweet)
He deleted his tweet so we all backed it up, here it is pic.twitter.com/PAvvQHFaxY
— Michael.Michelini/ (@michelini) September 11, 2022
And I saw this as a massive bullish sign for Handshake. We will unite – as there has been some fragmentation in the Handshake ecosystem ( Impervious, Gateway, Namecheap, Namebase, and various sides, etc) – I see all working together for the betterment of the protocol – and to fight against VC backed centralized US startups that think they can dominate anyone they want with their lawyers.
And their customers think they are part of their community? Sure, in the form of a customer in a traditional domain sense like a web2 format – but nothing like web3 ownership.
It is best by checking out JJ, the co-founder of Handshake protocol, and Chjango from dWEb Foundation to highlight this during the Namescon Panel with Matt.crypto earlier this month
Also JJ highlights in this tweet code Unstoppable took from his open source code and simply removed the license in the Zilliqa instance of Unstopabble’s earlier days.
— JJ, awaiting a lawsuit from StoppableDomains (@_chjj) September 11, 2022
As well as others in the ENS community who claim Unstoppable has used their code without credit.
Copied ENS code and removed license for .zil
Why Lifetime Domains Isn’t Sustainable
Scott, the .wallet owner on Handshake, gave me this great clip
If you have a product, ANY product, and you say we’re going to provide maintenance on it forever without any fees, the obvious question one would ask is… how are you going to cover the maintenance costs once the capital is gone and you’re left with a million customers whose product you’re maintaining? The only answer is: well we’re going to come out with new products and sell those to new customers and use that revenue stream, and when we blow through that, we’ll come out with more new products and sell those to a new layer of customers, and use that capital, etc. That’s called a pyramid scheme. Except it’s not really shaped like a pyramid, because it’s not solid at the bottom. It’s more like a jenga tower.
Also JJ explains the holes in the “decentralized” Brave browser and Unstoppable integration
UD is centralized in multiple ways. Selling domains is just the most obvious aspect. UD's resolution of names is and always will be centralized. With all due respect, implying that UD is decentralized is misinfo. https://t.co/GjN2xSAgFJ
— JJ, awaiting a lawsuit from StoppableDomains (@_chjj) September 9, 2022
Who Can Go To Zero And Still Survive? UD or HNS?
As far as this tweet, can Handshake go to 0 and still operate
Does @michelini really support this?
If @unstoppableweb hits zero,can you still trade the domain?
Yes! same with HNS .wallet? NO!
If UD goes to zero,can you still buy/sell crypto?Yes!
With HNS .wallet?No!
If UD goes to zero,can you still have a site? Yes!
Same with HNS? No!
— seaport.nft | 786.nft | 323.nft | 0xstarbucks.x (@Ethernetexplora) September 11, 2022
Some feel it is not possible – and not going to lie it would not be easy – but there are many OG crypto people here from the early Bitcoin days that will stand on this rock.