It is simpler which is a big win, but the main reason what you said wouldn’t work is because someone could claim a zillion names at no cost and never publish a nostr event to prove it. Then when someone decided to claim a name that the spammer had claimed (he could fit a million in the OTS transaction if he wanted), he could just reveal his first “claim” and rugpull the whole protocol.
In Nomen, there is a 5 byte fingerprint in the metadata. The fingerprint is the first five bytes of the HASH-160 of the name. It’s right there, in the open, on the blockchain. You can tell if anyone has claimed a name you want without publishing a Nostr event just by scanning the blockchain for your fingerprint. No chance of getting rug pulled by a sneaky squatter.
ursuscamp / Ryan
npub19p…xjtwk
2023-06-01 13:20:05
in reply to nevent1q…j8mz
Author Public Key
npub19pw5egjuhcsfsv42zkjtjs6nhpm69lnv8w2dacdyez7rvacrqnds6xjtwkPublished at
2023-06-01 13:20:05Event JSON
{
"id": "d9222c672fcc71936aa887c0f3d4a575f666da5e2233913df0f2b820c38feeb3",
"pubkey": "285d4ca25cbe209832aa15a4b94353b877a2fe6c3b94dee1a4c8bc36770304db",
"created_at": 1685625605,
"kind": 1,
"tags": [
[
"e",
"a1805e15561d154191001111fd94a087b19913dc68f97d89ca5493fbbe047b44"
],
[
"e",
"e429d977035031fede75e2281b9dc61a5b492efa5061e1c3e327195219a02b21"
],
[
"p",
"b66be78da89991544a05c3a2b63da1d15eefe8e9a1bb6a4369f8616865bd6b7c"
]
],
"content": "It is simpler which is a big win, but the main reason what you said wouldn’t work is because someone could claim a zillion names at no cost and never publish a nostr event to prove it. Then when someone decided to claim a name that the spammer had claimed (he could fit a million in the OTS transaction if he wanted), he could just reveal his first “claim” and rugpull the whole protocol.\n\nIn Nomen, there is a 5 byte fingerprint in the metadata. The fingerprint is the first five bytes of the HASH-160 of the name. It’s right there, in the open, on the blockchain. You can tell if anyone has claimed a name you want without publishing a Nostr event just by scanning the blockchain for your fingerprint. No chance of getting rug pulled by a sneaky squatter.",
"sig": "20f8d6f3f2b5f8716827113f9ef12f9835d96e82bc32b8145f3acd577c4b117888b4f8d34d3500955d04a13ee4dcaff3f9081161863a3611541dd824caf5f250"
}