As Many as 5K .Com’s Taken Away by Sealed Court Order by Verisign • Hacker News Board

Re: As Many as 5K .Com’s Taken Away by Sealed Court Order by Verisign

#71

Post by ASneakyFox » Sun, Oct 05, 2014, 8:38 AM UTC

joelrunyon wrote: post #66

wpietri wrote: post #52

Earlier quoted context omitted.

They are parasites. They add nothing to the system. In some cases, speculators provide actual value. E.g., they prove or maintain the assets that they speculate on. In others, as with financial speculators, they provide liquidity to the market. Neither is true for domain speculators. They get paid for making the world worse.

You're making broad assumptions on a lot of people. Some domainners have lots of domains & develop lots of them into valuable properties. Sure - they have a few that are parked - but that's a percentage. Typically - money is a measure of value you add to the world. They have to be adding some sort of value in the world or they wouldn't be able to extract value from their activities.

Give one example

Re: As Many as 5K .Com’s Taken Away by Sealed Court Order by Verisign

#72

Post by turbojerry » Mon, Oct 06, 2014, 3:08 PM UTC

jacquesm wrote: post #51

cssandjs wrote: post #48

Well that can't be good - my "name" on the web can be snatched out from under my feet?

There are now several 'known' ways in which this can happen, all of them seem to involve a US court at some point in time so if you're running a legitimate business on a .com and you acquired the domain as first registrant from a registrar. If you acquired that domain through the 'aftermarket', especially if it had lapsed we now know that if that entity should ever go bankrupt there is a potential problem. And even i…

Would it be possible to transfer the name initially to a front company, resell it on to the intended company with a clause that says it cannot be clawed back and then bankrupt the first so creating a legal firewall?

Re: As Many as 5K .Com’s Taken Away by Sealed Court Order by Verisign

#73

Post by wpietri » Mon, Oct 06, 2014, 5:16 PM UTC

joelrunyon wrote: post #55

wpietri wrote: post #53

Earlier quoted context omitted.

No, the mall bought the land and made the parking spaces. They are merely squatting on parking spaces that other people created. And the reason those parking spaces were created was to enable actual, productive business to take place, not to feed parasites.

Technically - the land was free. You're looking more at a hypothetical that's similar to settling new land. Also - calm down. There are businesses that are way worse than domainers.

Ah, the "I'm not the biggest scumbag in the world so it's fine" argument.

That might be a reason for you to not do something even worse. But it doesn't make you less of a parasite.

Re: As Many as 5K .Com’s Taken Away by Sealed Court Order by Verisign

#74

Post by wpietri » Tue, Oct 07, 2014, 3:52 AM UTC

joelrunyon wrote: post #66

wpietri wrote: post #52

Earlier quoted context omitted.

They are parasites. They add nothing to the system. In some cases, speculators provide actual value. E.g., they prove or maintain the assets that they speculate on. In others, as with financial speculators, they provide liquidity to the market. Neither is true for domain speculators. They get paid for making the world worse.

You're making broad assumptions on a lot of people. Some domainners have lots of domains & develop lots of them into valuable properties. Sure - they have a few that are parked - but that's a percentage. Typically - money is a measure of value you add to the world. They have to be adding some sort of value in the world or they wouldn't be able to extract value from their activities.

On average, money is a measure of added value. But plenty of people extract cash without creating value. Thieves, for example. Corporate raiders. Many speculators in the financial market. People running protection rackets. People running MLM schemes.

The classic medieval example is a bandit or a warlord who take over a section of road and extracts tolls. He didn't build the road, but he can extract plenty of money as long as he controls it.