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comment by insomniasexx
insomniasexx  ·  342 days ago  ·  link  ·    ·  parent  ·  post: Ethereum Name Service auction bot

I don't think anyone thought they solved squatting.

No one expected this insane response. Or people to Throw millions at names they had no use for.

mk  ·  342 days ago  ·  link  ·  

Yeah, but they did hope to reduce it. There seems to be a pattern of underestimation here.

They might have done something where you need to deposit 1 ETH to participate in an auction. If you are the only participant, you get the name, but if there are multiple participants, the deposits are burned and the auction begins.