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Did you read? The fact that you pay a $185,000 fee first. And then in order to make your $500,000 bid, you have to put that money in escrow. And then, you mig
by curried_haskell 10y ago
Did you read?
The fact that you pay a $185,000 fee first. And then in order to make your $500,000 bid, you have to put that money in escrow.
And then, you might accidentally remain the highest bidder and lose all that money in exchange for your shiny new tld.
- markdown 10y ago$685,000 for .blog is a steal. Companies have paid millions for single domains. It was a very safe bet. Sounds ripe for abuse if you ask me. On top of that, think about how many people inside Automattic knew about their bid. The board at least. Any one of those people could have told a friend that WP was going to bid for it. Would you not have instantly put in a small bid of $200,000 if you'd known about this and had the cash?
- xorcist 10y agoYou pay for the privilege to be a registry. You don't own the domain in the same sense that you would own mydomain.com.
- markdown 10y agoYes, you own it in an even greater sense... because you basically own an almost infinite number of names under .blog. As the registrar, you can choose to not sell any domain names at all other than the ones you choose to use yourself.
- xorcist 10y agoWhat makes you say that? And what do you mean with "own in a greater sense", specifically? I'm far from an expert but I can't see how what you say is compatible with the ICANN's TLD Registry Agreement (especially section 2.9 and the whole of article 5).
- tobltobs 10y agoReading this description my first thought was, that can not work. If this would be all details there would thousands of bidders for the top 5% of domain nams.