So someone is complaining that they registered a bunch of names they thought would be monetarily valuable at a later date, and is complaining when the company that provides the service is disallowing him from doing it? Sorry, but that just earns a big f*ck you from me. I have no sorrow for domain squatters, and that extends to people who grabbed Facebook app names, Twitter names, whatever. Twitter isn't like the DNS…
First of, you could have skipped the insults. Apparently you do not know much about Steve. I recommend you go read some of his 70+ ideas he posted almost 2 years back. Secondly, he saw an opportunity when most people did not, so he should totally benefit from it. 18 months ago, most people did not know about Twitter and they could not see it being useful to anyone. Steve did. You should go back to his blog entries at…
If I bought toyota.com, nissan.com, honda.com, etc when domain names first came available, that doesn't mean I have the rights to keep them unless I had legitimate interests in those domain names that didn't compete with the trademark holder (as was the case in the Nissan.com situation).
Certainly, a lot of people benefited from those early buys, but if they got greedy, they generally got sued (and lost). Even typosquatters have successfully been sued.
http://en.wikipedia.org/wiki/Trademark#Trademarks_and_domain...
I've enjoyed some of Steve's writings in the past, but I think he's dead wrong here.