6 ms·

I don't understand some of the negative comments here. This guy built a million dollar business in a year providing a service that people want to pay for. He di

by 20years 10y ago

I don't understand some of the negative comments here. This guy built a million dollar business in a year providing a service that people want to pay for. He did it all on his own with no other co-founders or employees. I say "Congrats!"

adam12 10y ago
This hasn't happened to me, but it would be pretty crappy to find out you lost your domain because the script that your domain registrant uses to renew your domain name is slower than park.io's script.
- STRiDEX 10y ago
  You can renew before the expiration and you can register multiple years at a time.
- icebraining 10y ago
  It doesn't work like that: Once your domain has expired, it will be in Auto-Renew Grace Period (for 0-45 days), followed by a 30-day Redemption Grace Period. At the end of the Redemption Grace Period, you will not be able to renew your domain name. Your domain name will be released for registration by third parties. https://www.icann.org/resources/pages/expired-2013-05-03-en https://www.icann.org/resources/pages/expired-2013-05-03-en For example, daily.sh will be available on their platform on 2016-09-30, but it actually expired back in 2016-07-01.
  - deleted 10y ago
    [deleted]
victor9000 10y ago
I think it has more to do with the fact that we've all wasted countless hours cycling through domain names only to encounter landing pages from squatters like park.io.
- nojvek 10y ago
  Squatters are the ultimate douchebags of the Internet era. I there should be some sort of tax for squatting a domain name. I.e first 10 domains names are cheap then they get expensive.
  - jomamaxx 10y ago
    If ICANN charged $5 a month for all domains perhaps it would not be so lucrative to sit on domains. Though it would still be profitable for some domains. The money could pay for ICANN or whatever.
    - joelrunyon 10y ago
      Right now, a .io domain is ~$30/year which is $2.5/month. Doubling that wouldn't be that much more of a deterrent.
      - jomamaxx 10y ago
        Good point. Maybe they could set a 'holding price' that is a function of the likely value of the domain name. I'll bet at $30 a month - a huge basket of names become completely untenable to 'sit on' whereas it would mean little to the business owner, possibly. This is an age old problem concerning how to deal with public goods. Real estate is the prototypical problem ... we don't consider those buying and selling land - and not using it - to be a problem to the system, whereas we could make the argument they are. In Vancouver and London, they've introduced a tax on housing spaces that are empty, i.e. if you don't live in it, you have to rent it or get hit with a tax.
    - pbhjpbhj 10y ago
      >The money could pay for ICANN or whatever. // ICANN seemingly just keeps a very simple database of domain owners. Reportedly their revenue last year was > $200 million. I'm sure they produce lots of interesting documents too but they appear to be minting it already.
rtb 10y ago
> This guy built a million dollar business in a year providing a service that people want to pay for... I say "Congrats!" More like, this guy built a million dollar business that arbitrages the DNS renewal system by squatting desirable names that he has no plans to use, then rent-seeking from those who do want to use the names. This is not a value-creating enterprise, but a zero-sum trader making money by taking it from other people. I say "why don't you take that ingenuity and use it for something productive."
- n0us 10y ago
  Don't hate the player, hate the game.
  - crdoconnor 10y ago
    Hate both.
  - deleted 10y ago
    [deleted]
- deleted 10y ago
  [deleted]
vesak 10y ago
If you dislike government intervention, you should realize that people like this are the prime cause for it.

by 20years 10y ago

adam12 10y ago

This hasn't happened to me, but it would be pretty crappy to find out you lost your domain because the script that your domain registrant uses to renew your domain name is slower than park.io's script.

STRiDEX 10y ago
You can renew before the expiration and you can register multiple years at a time.
icebraining 10y ago
It doesn't work like that: Once your domain has expired, it will be in Auto-Renew Grace Period (for 0-45 days), followed by a 30-day Redemption Grace Period. At the end of the Redemption Grace Period, you will not be able to renew your domain name. Your domain name will be released for registration by third parties. https://www.icann.org/resources/pages/expired-2013-05-03-en https://www.icann.org/resources/pages/expired-2013-05-03-en For example, daily.sh will be available on their platform on 2016-09-30, but it actually expired back in 2016-07-01.
- deleted 10y ago
  [deleted]

victor9000 10y ago

I think it has more to do with the fact that we've all wasted countless hours cycling through domain names only to encounter landing pages from squatters like park.io.

nojvek 10y ago
Squatters are the ultimate douchebags of the Internet era. I there should be some sort of tax for squatting a domain name. I.e first 10 domains names are cheap then they get expensive.
- jomamaxx 10y ago
  If ICANN charged $5 a month for all domains perhaps it would not be so lucrative to sit on domains. Though it would still be profitable for some domains. The money could pay for ICANN or whatever.
  - joelrunyon 10y ago
    Right now, a .io domain is ~$30/year which is $2.5/month. Doubling that wouldn't be that much more of a deterrent.
    - jomamaxx 10y ago
      Good point. Maybe they could set a 'holding price' that is a function of the likely value of the domain name. I'll bet at $30 a month - a huge basket of names become completely untenable to 'sit on' whereas it would mean little to the business owner, possibly. This is an age old problem concerning how to deal with public goods. Real estate is the prototypical problem ... we don't consider those buying and selling land - and not using it - to be a problem to the system, whereas we could make the argument they are. In Vancouver and London, they've introduced a tax on housing spaces that are empty, i.e. if you don't live in it, you have to rent it or get hit with a tax.
  - pbhjpbhj 10y ago
    >The money could pay for ICANN or whatever. // ICANN seemingly just keeps a very simple database of domain owners. Reportedly their revenue last year was > $200 million. I'm sure they produce lots of interesting documents too but they appear to be minting it already.

rtb 10y ago

> This guy built a million dollar business in a year providing a service that people want to pay for... I say "Congrats!" More like, this guy built a million dollar business that arbitrages the DNS renewal system by squatting desirable names that he has no plans to use, then rent-seeking from those who do want to use the names. This is not a value-creating enterprise, but a zero-sum trader making money by taking it from other people. I say "why don't you take that ingenuity and use it for something productive."

n0us 10y ago
Don't hate the player, hate the game.
- crdoconnor 10y ago
  Hate both.
- deleted 10y ago
  [deleted]
deleted 10y ago
[deleted]

vesak 10y ago

If you dislike government intervention, you should realize that people like this are the prime cause for it.