Ya I guess existing NIP-5 is on 3rd party servers. It would be hard to log usernames.

I just don't see NIP-5's purpose. Everything runs off NPUB anyways (to my knowledge?). Seems like a needless confusion point. Just delete it.

New user gets bombarded:

-NPUB

-NSEC

-NIP-5

-Lightning address

-LNURL

-Username

Many newbies abandon because of this load, and the unclear difference between all of these.

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Yes, it takes your npub, and makes it a handle instead.

So instead of npubs84y4hdbwlaoy4gtkrl (fake example) you're Bob @ (your instance here).

It's helpful for people with businesses, organizations, or entities because now you can identify the person, and what group they're part of but most people simply run off of a NIP username generator for simplicity sake.

It's like openalias for example.

https://www.getmonero.org/resources/moneropedia/openalias.html