Public chat names, and things like ENS usernames, operate similar to domain names and real estate in some ways. If I use POPULAR_NAME for a public chat and purpose X, it makes it harder for people to use it for purpose Y.
Idea: Use Harberger taxes to value temporary ownership of certain channel, and use those taxes to fund further development of Status, for example through SNT burning.
How it would work in practice
Let’s say an organization like Status has a group of people who don’t want to talk token price in #status-devs. They value this property to a certain amount of SNT, say 10 000 SNT, which they are willing to stake. As a consequence of this staking, three things happen:
- that group of people get some moderation control over that group (privileges)
- they pay 7% in taxes to some address / SNT gets burnt, i.e. 700 SNT per year.
- the price of that channel is 10k, so if someone else comes along they can buy it for a bit more than that
This means you get moderation in a decentralized way, and by taxing the usage of a common good appropriately Status can potentially self-fund development (e.g. burn to increase value of other staked/kept tokens). Note that there’s no one time trust decision, and Status as an actor is arbitrary in this case - any actor could choose to perform this action, if they value the limited resource appropriately.
The risks are also lower than ENS usernames because losing moderation over a group is less risky compared to having something like tradable identities.
This can be implemented in our application protocol and be respected by clients by default. Even if other clients are developed who don’t respect this filter ability enabled, that’d be OK since the corresponding property value would decrease for that client-universe.
A possible modification of this idea would be to keep this as a separate form of chat, i.e. a
club chat in order to keep public chats 100% public (but possibly spammy). These club chats can have different rule sets, for example private, heavy moderation, AMA style, etc.