No, I’m not going to sell you on the 42069th cryptocurrency (thank goodness!), I just think that focusing on crypto, and, god forbid, NFTs, completely wastes the potential that blockchains have. Case-in-point: DNS. The centralization of DNS has been a disaster for the internet. The solution: Decentralize DNS with a free register-deregister system. As DNS is now decentralized, hosting fees will decrease dramatically. Laws will also need to be made to prevent DNS-scalping, so as to prevent people from sitting on domains and selling them for high prices. This might be resolved through either domain limiting or traffic tests, where a domain must keep a minimum amount of traffic over time in order to justify it staying registered. Otherwise, it would get deregistered and become freely up for grabs.
Maybe. I never gave it too much attention, this is why I’m asking.
My question is, considering the ledger is decentralised how could lawmaking enforce anything on its participants, that could be outside of any specific legislation?
The ledger can still be authenticated. People who insist on using their domains as private property (as opposed to personal property) can still be prosecuted.