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A major problem I dislike about the current system is that when a domain expires, the domain registrar has the option to keep the domain name practically free (
by prirun 6y ago
A major problem I dislike about the current system is that when a domain expires, the domain registrar has the option to keep the domain name practically free (18 cents/year):
https://www.namecheap.com/legal/domains/icann-fee/ https://www.namecheap.com/legal/domains/icann-fee/
The registrars usually keep expired domain names and put them in an auction. If it's a "good/valuable" domain name, the registrar will keep it locked up indefinitely at a high price since it's only costing them 18 cents/year.
If a domain registrar wants to conduct domain auctions on behalf of its users and take a cut of the selling price, I'd be fine with that: users would still have to pay the annual registration fee while it is being auctioned.
Registrars should not be allowed to hold expired domains longer than 60 days - long enough to make sure the previous owner doesn't want it.
Not saying this would fix all issues, but I do think this one is a major wart that should be fixed.