1. When a person registers a name they declare a price they are willing to sell the name for. They can update their price at any time.
2. They pay an annual tax (about 1% to 5%) for the right to keep the name.
3. If someone is willing to buy the name for the declared price they are forced to sell the name to them.
This system has the advantage that the person who values the name the most will get to keep it, and the person who lost the name will be fairly compensated.
1. When a person registers a name they declare a price they are willing to sell the name for. They can update their price at any time.
2. They pay an annual tax (about 1% to 5%) for the right to keep the name.
3. If someone is willing to buy the name for the declared price they are forced to sell the name to them.
This system has the advantage that the person who values the name the most will get to keep it, and the person who lost the name will be fairly compensated.
[0] https://www.law.nyu.edu/sites/default/files/upload_documents... (See the bottom of page 39 in particular)