Nobody owns a domain name. You rent it, subject to the whims of the registry. Miss a single payment and you loose it forever. Even if you always pay up on time, despite price rises etc, they can still decide to take it away: https://neil.fraser.name/news/2026/09/03/

PLC is imperfect, like every solution to identity so far, but it's a lot better (in terms of ownership / control of your own ID) than DNS.