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@Hyolobrika@social.fbxl.net @toast@donotsta.re it does

I can make a namespace, say it's canonical, and give out portions of said namespace for money.

It does literally nothing on the organizational front, the data is laid out in quite literally the same way as DNS, it's just that for retrieving and managing that data you don't need to rely on central servers. You still need a root for GNS, some canonical namespace.