Obviously not. I'm using him as an example of how this greasy ass business drives up domain prices for everyone in the long run. If you think you have something proprietary, or are a genius, you're not. Anyone can buy a domain from godaddy for 9.99 relist it for 10k and pray. All i am pointing out, is it is these actions that rise prices or something that was once affordable. This guy is buying domains, raising the prices out of reach for small businesses and entreprenuers and once in a while getting lucky with a business who's got the budget for it. The last thing bitcoin needs is raised barriers to entry for someone considering to start a service that could benefit the community. Illegal no. Fuckin greasy as hell, yes. But in hindsight, this community seems to be about the easiest ways to make money, not the technology anyhow.
That's how the whole domain industry works.
Domains are a scare resource.
You're complaining about rising prices
but that's supply and demand.
Buying them and hoarding them in hopes of reselling
them at a profit is part of the free market dynamics.
I see nothing greasy about it.
You want small businesses to get a free ride with
a premium name while paying only a small fee?
How would that be fair to the other small businesses
in the same space? How would that even work?
When did we start referring to premium domains specifically? In your message....... It's obvious that bitcoin.com should probably cost a little more than bitcoinnichmarketeconmonics.com.
FAR from premium. This is one person, buying as many domains as they can and driving the price up. You can call it what you want, won't change my mind that i think domain squatting on 00's of random anything domains for the sole purpose of price gouging is bullshit. It drives up the price of domains as a whole and you can't say that it doesn't. Nobody said it was illegal, and nobody said everything legal isn't greasy. You can paint it any color you want or look at it from whatever angle you desire won't change my opinion that sitting on a domain with no intent but to mark it up a fuck load is greasy. Greasy. Greasy.