It's a great plan except for only awarding one name per day. I can't imagine that scaling once EOS really takes off. And people who want simple names with low value will have to wait, possibly forever, to become the highest bid name that day.
RE: Name Bidding and Premium Names on EOS
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Name Bidding and Premium Names on EOS
The wording is poor. They're like domain spaces. Who wins for example .game can sell cards.game, casino.game poker.game to other parties. You get one good domain space you're going to print money, expect huge bids. This isn't for you to get a vanity address. It's for dapps to be easily found and accessed.
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