How would this fake account problem be solved on nostr?

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Isn't that what nip-5 helps to solve?

do users really look at that? I certainly don't

WoT

I do look at it when it's a "personality" but not for regular users.

Also these relays, clients etc that offer nip-5 to anyone willing to pay for it basically makes it meaningless.

My nip-5 is from a domain that I control. While it's not perfect it does identify me as the guy from libreleaf.com

"Also these relays, clients etc that offer nip-5 to anyone willing to pay for it basically makes it meaningless."

That right there has always been my biggest problem with NIP-05. My understanding of what NIP-05 was meant to represent was ALWAYS old-school Twitter verification. But people who hand out these free addresses keep saying no it's not for verification but it's meant to be a Human-Readable Identifier like an email address or any other user@domain identifier. And because that mindset is so prevalent, that's what the NIP has morphed into.

WoT