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    Domain Names Once Again Fetch Top Dollar | Log in/Create an Account | Top | 46 comments | Search Discussion
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    Re:Destroy Value of DNS = Lower Resale Prices
    by dmehus on Monday December 29 2003, @08:29AM (#12788)
    User #3626 Info | http://doug.mehus.info/
    I'm not going to reply to every point in your post; however, notice I used "domain squatter"? People have said "cyber squatter" implies someone who buys domain names and hoards them that infringe on existing trademarks. So, I chose to use "domain squatter," which by my definition is someone who buys a domain name (usually many of them at a time), sits his or her fat ass on it, and does nothing with it except partner with an existing domain name search traffic site [domainsponsor.com] in the hopes of profiting from it before selling it to some poor soul at astronomical prices. I equate this practice, regardless if legal trademarks or otherwise are infringed, to selling a jalopy to some ignorant (as in the uninformed and gullible) bugger for several hundred thousand dollars when it's really only worth $750. It's ethically and morally wrong. Could you honestly do that? I know my conscience would not allow me to do it.

    All the best,
    Doug
    Doug Mehus http://doug.mehus.info/ [mehus.info]
    [ Reply to This | Parent ]
    Re:Destroy Value of DNS = Lower Resale Prices by dmehus
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    Re:Destroy Value of DNS = Lower Resale Prices
    by cambler (chris@ambler.net) on Monday December 29 2003, @09:17AM (#12789)
    User #36 Info | http://onthenet.ambler.net/
    How is it any different than the person who buys property (as in real estate), fails to develop a house or any sort of building, and sells it later, often at a much higher price because the neighborhood has become irrationall fashionable?

    Just because you don't like it doesn't mean it's illegal, immoral or should be prohibited. For every overpriced domain, there's a buyer as well as a seller.

    Or would you prohibit the sale of fashionable equity stock as well? Perhaps prohibit allowing people to invest in questionable diamond mines? Oil exploration?

    Maybe tell everyone not to invest in that interesting invention your Uncle Gizmo has out in his garage?

    --
    Ambler On The Net [ambler.net]

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