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Domain Names Once Again Fetch Top Dollar
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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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This News of the sale of men.com for 1.3million dollars by someone who bought it for 15k dollars is an example of someone proving that the purchase at 15k was a good investment. Development of this domain only contributes to a new sale price and I am sure that the new owner, seeming to have paid 1.3million for the domain will surely develop the domain even further.
"It's ethically and morally wrong."
Certainly not found in this story. People buy and sell things all of the time. There is no evidence of anyone taking advantage here. In fact, going back to NEW TLDs, that is where the CRIMINAL LOTTERY questions arose and that is where anyone with an identity on the internet is being forced to buy and mirror the same hostname under other TLDs just to try and stem the damage that is done to individuals trying to communicate with them, but getting misrouted if icannwatch.com is not = to icannwatch.net is not = icannwatch.org
Opportunity to buy world class domain names came through in 95, again in 97 and as pointed out above;
"most ICANNWatchers knew already: after the dot-com bust in late 2000 and early 2001, domain name resale prices collapsed to rock-bottom clearance levels."
again recently.
Any claim that an Internet Developer should not buy as many of the best .com domains for any legal reason is clearly not based in reality.
You seem to be trying to justify your own failure to buy instead of learning from mistakes.
Zooom
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