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I think raising the price of TLDs is the only way to stop domain squaters. When even the lowest price for a domain you're squating on is 2k you can sit and pay
by that_guy_iain 5y ago
I think raising the price of TLDs is the only way to stop domain squaters. When even the lowest price for a domain you're squating on is 2k you can sit and pay 50 a year for 50+ years and still come out on top.
Kinda sucks since I have some .io domains and I could only renew them as far as 2025.
- ekianjo 5y ago> I think raising the price of TLDs is the only way to stop domain squaters That does not make any sense in any world. If a squatter successfully makes money on a single domain, for example, they can reinvest on dozens or hundreds of domains next and therefore squat as much as they like just the same. And early, lucky squatters always exist. This does not solve anything. You are just pricing out people with legitimate domain name use and not much money, as usual.
- that_guy_iain 5y agoIt makes sense in this world, you just dislike it. I can buy a domain that costs $50 a year and I can squat on that 40 years until I would be in the loss margin for a $2,000 resell value and $2,000 is minor money for resell values. You make it $200 and then it's only 10-years, 10-years is a long time but not that long if you look at how long some people have been squating on domains. You increase the risk of not making a profit. This talk of outpricing people, people are buying domains for thousands for their pet projects, so let's remain in the world of here and now.
- Sohcahtoa82 5y ago> This talk of outpricing people, people are buying domains for thousands for their pet projects, so let's remain in the world of here and now. The world of "here and now" would be acknowledging that "thousands of dollars" outprices a significant majority of the world. Even if you take a US-centric view, that's going to outprice the majority of the population. If you're working at McDonalds for $12/hr with a pet project on the side, a $1,000 domain would take 83 hours of work to pay for. That's two weeks and change of full-time work. You're not going to be able to pay for that while also paying rent and other bills.
- that_guy_iain 5y ago> The world of "here and now" would be acknowledging that "thousands of dollars" outprices a significant majority of the world. Even if you take a US-centric view, that's going to outprice the majority of the population. It's significant for me. But I would still be willing to spend it to work on something i cared about. Just like I was willing to spend money on forming a company to protect myself legally. I wouldn't be surprised if a large portion of domains that are owned but not being used aren't truly being squated on for profit but have people sitting on them for side projects they never started/finished and the cost of holding the domain is so little that they'll pay out $20-50 a year. I say this owning about 40 domains and I am not selling domains or even advertising domains. I just bought a bunch in the last year for projects and then decided I didn't like that domain so bought another one. The cost is so low that I can do that without worrying and without thought. > If you're working at McDonalds for $12/hr with a pet project on the side, a $1,000 domain would take 83 hours of work to pay for. That's two weeks and change of full-time work. You're not going to be able to pay for that while also paying rent and other bills. If you're working at McDonalds for $12/hr you gotta bigger problems like being able to afford an apartment to stay in. Saying they can't afford luxuries such as domain names when they can't afford the basics such as somewhere to stay, food, etc. is pointless. They can't afford a domain just now.