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I never said bitcoin replaces DNS. Before judging it as a scam I'd appreciate it if you knew more about the protocol first, you can read about it here: https://spacesprotocol.org/
We specifically made it cypherpunk. No separate blockchain, no separate token, no premine, no foundation...
Namecoin failed because of distribution issues, among other reasons: https://www.cs.princeton.edu/~arvindn/publications/namespaces.pdf
Founder here. Why do you call it a scam? We've presented at many Bitdevs as well as TABConf, no one there called it a scam. Keyan told me himself that our talk at TABConf was great and the protocol was designed in a thoughtful way.
I also created a simple stratum proxy to mine on my own with my bitaxes: https://github.com/ca98am79/Simple-Bitcoin-Stratum-Proxy
the cost of renewal is just a tx fee on bitcoin. There is only another auction if the name expires and is opened for auction again
it is a trustless no-fee market for Spaces - owners can simply post the PSBT to sell their Space at a specific price, and anyone can buy it.
You have to renew a name once per year, which is just a bitcoin tx
top-level Spaces on the Spaces Protocol: https://spacesprotocol.org/
“If you don't believe me or don't get it, I don't have time to try to convince you, sorry.”
finally.. a truly decentralized naming system