Getting ahead of this crypto troll wasn’t an issue for Mark Cuban – A crypto-savvy billionaire.  A few days ago, a person sent Mark Cuban an offensive Ethereum name service domain. Some vigilant users of Twitter tracked down Cuban’s ether address recently.

Just in a matter of time, his account was spammed with a wave of unwanted transactions. Well, this is the negative side of the internet. Everything is accessible to everyone, and once someone gets their hands on your personal information, they won’t stop until they’ve created a mess. In here, sneaky monsters are sitting everywhere.

Although no one’s entirely sure of what the trolled really wanted to achieve by doing this, the word was profane enough to raise some objections at Cointelegraph, and we have no intentions to reprint that over here. It would be fair to say that no decent person would ever take ownership of this domain, even if they were not a well-known billionaire. 

After reaching out to Mark Cuban, many questions were answered. The most important question to ask him as if he was aware of the origin of the domain. Did he purchase the domain himself? Did he even know that he was its owner? And lastly, what does he plan to do with the name that will come forward? 

Mark Cuban responded by saying that he doesn’t own it. He even said he thinks anyone can add an eth address to any domain, and he doesn’t even know if changing it is possible now. He appreciated the heads up. Mark Cuban has gotten highly involved in the blockchain space of late. However, he is still relatively new to specific aspects of the community. Initially, he had a limited understanding of how the Ethereum name service (ENS) domains are acquired, controlled and transferred. 

ENS provides users with a decentralized way to use words that humans can read instead of a complex alpha-numeric string for their blockchain address. For instance, VitalikButerin uses vitalik.eth for his blockchain address instead of 0xd8dA6BF26964aF9D7eEd9e03E53415D37aA96045. It’s as simple as that!

The struggle with this service is that as soon as you own an Etherum name service domain, you can point that domain to any address given on the Ethereum Blockchain. To do this, you don’t even need permission from the owner of the address. That allows internet fraudsters to target profane domain names at unsuspecting users. They aim to make it seem like those users are appropriating unsavory phrases and words by choice when that is not even the case.

Mark Cuban picked up on this difficulty saying that it was obvious that it was sent to him and didn’t buy it. He even asked Cointelegraph if it’s possible to reject the contract or get it cancelled. After digging deep, it became very clear that the troll had made something of a mistake in judgement. The ENS domain has three parts. The first one is the registrant.

That refers to the owner. The second one is the controller. That’s the person who manages all the subdomains, where the name of the domain points and the record. The record noted the real address where all coins are received when you input the domain into a wallet. 

Usually, when troublemakers point a domain towards an unknown user’s address, they just change the record or the controller. Such people don’t entirely give up control of the domain. In this case, the troll referred to Mark Cuban as an “idiot”, out of amusement, had authorised the complete registrant rights to his address. That gave him unfettered control and ownership of the domain. 

Keeping that in mind and taking some technical assistance from Cointelegraph, Cuban found a way to get an advantage over the foolish troop and, once and for all, get rid of his name. Cuban altered the record, the registrant and the controller so that each of them would be in the ownership of a burner address. A burner address has nullified private keys and could be done intentionally or through the design. In Cubans’s case, this involved making a new throwaway wallet. The objective was to make it inaccessible once he had completed his mission. When Mark was asked about his timeline for disposing of the wallet’s keys, he said that the keys are gone, denying the claims completely. Consequently, that domain has no owner, and that’s how it will stay until the registration expires. 

When Cuban was asked how to deal with similar ownership difficulties in the future, he responded by saying that the responsibility for such offences falls intimately on the developers of the decentralized applications.

He said this is an issue that ENS has to fix. The transacted need to be accepted; otherwise, many people can abuse this in a very disastrous way. He labeled this as a weakness in the system that needs immediate attention to be resolved. Over some time, Mark has been trying to mature his stature inside the Blockchain community. He even participated in a session called “Ask me anything” on Reddit. He used that opportunity to analyse the future of traditional finance and distributed technology. In January, he even made it to the headlines by comparing the current trajectory of Crypto with the dot com bubble. That’s an era that led to his initial success back in the 90’s. 

Also, Wsum.network has obtained florin.eth, wsum.th and sumcoin.eth. Our users can be equipped with these three once they are written down in the smart contacts.

Meta Description:

A troll sent Mark Cuban an offensive Ethereum name service domain. Getting ahead of this crypto troll wasn’t an issue for Mark – A crypto-savvy billionaire. He handled the issue smoothly.

Telegram Subscribe
telegram
Previous PostNext Post
wsumadmin
WSUM - We are wrapping & staking global community for block chain projects. Join our community to help secure networks and earn rewards. We know staking

Leave a Reply

Your email address will not be published. Required fields are marked *