RE: Ethereum Name Service - What is with the .eth names on CryptoTwitter?
Greetings appreciated @culgin.
This is the best article I have read in a long time.
I enjoyed the reading, it caught me from the first paragraph.
The comparison with DNS was very exemplifying.
I think it's great that we can substitute a hash for an expression with grammar representative and easy to read.
The ENS charges a flat fee of US $ 5 for 1 year lease of an ENS name.
In addition to these 5 usd we must also consider the GAS.
So how will you cover the costs for the Steem.ENS service? With the delegations you could receive, you cannot cover them.
Are 5 usd for each eth account that is opened?
Another thing.
It is always advisable to use many eth addresses for our transactions. That is, they are disposable. This is a safety measure to avoid traces. For example, despite having little experience in ethereum, I have used many addresses.
So what will happen when I decide to open a new wallet?
Or rather, what would happen to my ENS name if I decide to have another eth wallet?
Your friend, Juan.
Hi @juanmolina, great questions! For "sub-name" creations, there is no need to pay additional USD5 for them. For example, if I already purchased juanmolina.eth, I do not need to pay another USD5 to create awesome.juanmolina.eth. However, I do need to waste some ETH GAS to create the record by interacting with the smart contracts.
Hence, what I did was that I have purchased a number of Steem related names for potential users to choose from to create the sub-names. For instance, I am now the owner of steemnetwork.eth and steemleo.eth. I therefore do not need to pay additional USD5 to create culgin.steemnetwork.eth or culgin.steemleo.eth. I just need to pay some GAS.
So, I should be able to cover the costs through curation rewards by receiving delegations from Steemians. At this point I just hope to cover costs and bring the concept of ENS to Steemians so that we can all benefit from its convenience.
Regarding your next question. It is true that some privacy advocates advise to use different ETH addresses each time for your transaction. The idea is that you do not want a public address to be easily traceable to your identity. However, for people like us who are building a following on social media, we have kind of "given up" our need to remain truly anonymous. For instance, you cannot be changing your Steem username all the time for each transaction, can you? :)
The recommendation is to tag an ETH address that you don't mind being linked to you to the ENS name. This should generally be used to receive donations or for publicity. For other sensitive transactions, you should still want to use other ETH addresses that are not linked to your public image.
I hope that clear some of your doubts and I noticed that you have joined my Discord server, so we can always discuss more over there :)
I really like your equanimity.
You have fully answered my questions.
Thank you very much dearest friend.