It's somewhat analogous to say most software patents, in that their sole purpose seems to be enacting a social cost. You're not going to do anything with that patent/domain, you're just going to wait until someone else thinks of it as well.
I wish we had enacted policies against squatting back in the '90s. But Internet governance did very much the opposite thing. This argument ended a long time ago. Why piss in the wind about it? In the post-domain-squatting world, this is a great offering.
What would your suggestion be as far as a policy that could have stopped domain squatting?
I can't think of a scenario that you could have that would allow someone to purchase a name but then not allow them to sell the name. So what you would end up with is names that are registered but have not found their way (through the free market) to the best possible use.
People tend to think that if the name they wanted wasn't owned by a squatter who was trying to sell it it would be available when they decided they wanted to use it. It would just be sitting there and not in the hands of someone else for a non squatting purpose.
As recently as 2001 I remember attorneys asking if they could use the domain law.com because "I type it in and nothing comes up". As if nobody thought of using that in the prior years or something (and this happened with many names actually).
I'd really like to know your thoughts on this.
I've often thought of this. I think $500/year or $1000/year is an entirely reasonable price for a .com domain, and would immediately clear out mountains of cruft. Even $50 or $100/year would get 50-75% of it.
For some domains, true. In other cases considering that back in the day there were an infinite number of domains that you could register (and by the way they cost $70.00 after they were initially free) and $35 per year (until ICANN and competition dropped the price) I wouldn't say it was simply "thinking of it first".
As somebody who spent much time programming algorithms to figure out which domains to, um, SQUAT on, I would hardly say I own names just because "I merely thought of it". It seems like that way now because now value has been established and it's obvious.
Do you think it was obvious back then? It wasn't. I was there.
It's not something anyone I knew did. I didn't get the idea from anyone or even read about anyone doing this type of thing. It was totally organic.
And it wasn't something my sister or her uncle had either the knowledge or the skills to do. I knew perl and shell scripting and had worked with Unix for some time. (Back before the Internet with 1 or two books on a machine that costs $40,000 that I paid for in 1980's dollars. Meaning $40,000 in 1985 for an AT&T 3b2-400 back when that was simply not done at a company that size at that time.) My point being that I didn't just wake up in the morning and buy a pack of gum and make money.
It's not like patent trolls because there are many possible names that someone can use for their business. And if they have a trademark for a particular term then this is a non issue because there are procedures for getting that domain name (UDRP and other legal procedures). Which by the way are slanted against domainers. (And domainers know this by the way and take it into account in their dealings if they are smart.)
Do you think people should be allowed to buy and sell things they own?
All arbitrage is a "pure wealth transfer", but it's also how we increase the liquidity of markets.
If someone else is using a domain name you'd like to use, and they're willing to sell it to you for a price you find reasonable, that's OK, right? Why should the sale be forbidden if they're not currently using the name?
What makes this case a lot more palatable is that they have actually put the time and effort in to mock up a logo to go along with the domain. Sure, it's not much, but they did actually add some value, they are not simply generating names and registering them automatically. It may or may not be worth $250, but it's a lot better than people selling just domains for thousands just because they got there first.
