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That would bother me too since they're only buying it to resell. Over a decade ago I emailed a domainer/squatter to ask about a domain that matches my sister's
by donmcronald 5y ago
That would bother me too since they're only buying it to resell. Over a decade ago I emailed a domainer/squatter to ask about a domain that matches my sister's married surname. It was the ccTLD version, not even the .com. At the time, they told me they didn't accept offers of less than $2k, so I offered them $100 as an insult and forgot about it.
8 years later I get a random email asking me if I'm still interested in the domain. Lol. I check it every once in a while. Last year they wanted $8k. This year they want $10k. Holding it for 20 years (literally) has only costed them about $200 I think, so there's not much downside if you're rich and can afford to buy in bulk with the possibility of making 50x profit at times.
It's too bad there aren't any great solutions to eliminate domain squatting like that.
- sshine 5y agoThere is. Adding a massive amount of TLDs. I’ve wanted my family name ccTLD, but it’s been occupied by a gospel choir. Fortunately there are hundreds to choose from now.
- NetOpWibby 5y agoA project called Handshake[0] may be of interest to you. Namebase[1] is a popular on-ramp but you could also obtain your own TLDs via a desktop wallet[2]. There’s even a lightweight resolver[3] to access Handshake domains. The project is slowly gaining traction, what with Namecheap and Porkbun getting in on it too. - [0]: https://handshake.org https://handshake.org - [1]: https://namebase.io https://namebase.io - [2]: https://bobwallet.io https://bobwallet.io - [3]: https://impervious.com/fingertip https://impervious.com/fingertip
- donmcronald 5y agoI looked at buying one of these a while ago. The AML/KYC hoops you need to jump through to buy HNS are a deal killer for me. I'd literally pay 20x what they want if I could use a normal credit card.
- NetOpWibby 5y agoI've been KYC'd on Namebase since its inception so I'm all set. I do agree that the KYC requirements are trash. A while ago I figured out I could buy without KYC via MEXC and then send the HNS to ViaWallet.
- solarkraft 5y agoThis is the “just build more housing” argument with similar issues. The number of desirable names is finite and squatting is very scalable. One way of reducing squatting may be, hm ... making it less scalable.
- aimor 5y agoI'm surprised the price of domains is not explicitly set to a flat amount, or at least capped.