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That's not what "rent seeking" means. Imagine you have a bench on your property and people can just rest there. One day you start charging money for it but with
by close04 2y ago
That's not what "rent seeking" means. Imagine you have a bench on your property and people can just rest there. One day you start charging money for it but without offering anything extra, same old bench. That "squeezing for money with no justification" is "rent seeking".
- mcnichol 2y agoYou clearly do not understand. They buy 900 domains. They hold 900 domains. Anyone who wants that domain cannot use it but must rent through them (whom they rent through someone else) This is textbook rent seeking behavior.
- grujicd 2y agoIt's not like that. They buy mcnichol.com on your behalf, when you request it. They're not registering it in advance and then blackmailing you to rent it through them. Domain is yours, you can move it elsewhere (they explicitly mention that). It's same as any other domain registrar, except that have small markup (couple of dolars per year) but they provide additional service, i.e. customer doesn't have to deal with DNS.
- Operyl 2y agoThey buy the domain their customer _wants_ them to buy. That customer is free to transfer it out if they want to. What are you going on about?