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Lessons Learned Squatting ENS Domains ()

".eth domains are handled by a Vickrey Auction—the winner only pays as much as the second place bidder was willing to spend. If I had bid what the domain was actually worth to me, maybe I’d really appreciate this feature. However I didn’t take the process seriously and as a result I lost it all. Fueled by remorse I began a post-mortem to understand exactly how my adversary had foiled me."

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