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Auerbach Weighs in for gTLD Lotteries
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No need to apologize, and I think we are generally in agreement. I never stated that ICANN is running a pyramid scheme, only that it many ways it looks, feels, and smells like one, which I think is of itself undesirable. I do maintain that the speculative bubble has largely burst. I suspect that the registering of domain names in the hopes of resale has largely disappeared as there is now a relatively long history of lack of success in this endeavor amongst most who engaged in it. I have also written previously here and elsewhere regarding some of the supposed success stories (such as beauty.cc allegedly selling for $1million) which turned out to be scams. Indeed many of the most ballyhoed success stories turned out to be at least dishonest and at worst scams. What we now have is speculators going to WLS where it makes more sense to pay more than a registration fee for a pre-owned 1a2b3zzz.com if it has considerable traffic than to pay $7million for business.com (another scam) if it doesn't generate traffic. Thus does ICANN, some registries, and some registrars (and perhaps some resellers) keep its ship afloat. This new speculator bubble will also probably pop in good time. -g
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