Re:Ask HN: what unwanted domain names are you sitting on?
by graemep on Thursday June 11, 2009 @01:17PM
(#653129)
I do not think real estate, or other investments are a good example. They require paying market value, which means that only those who can genuinely find mis-pricing can make a consistent profit, and by doing that they improve market efficiency.
Getting a domain through registrations does not do this, because it requires only registration not payment. For a better analogy, compare how easy it is with the requirements of the (US) <a href="http://www.archives.gov/education/lessons/homestead-act/>... Act of 1863</a>. It required improving the land over a five year period and imposed a size limit. It is easy to imagine what would have happened without that requirement: a few people would have made vast claims, far beyond what they could develop.
Getting a domain through registrations does not do this, because it requires only registration not payment. For a better analogy, compare how easy it is with the requirements of the (US) <a href="http://www.archives.gov/education/lessons/homestead-act/>... Act of 1863</a>. It required improving the land over a five year period and imposed a size limit. It is easy to imagine what would have happened without that requirement: a few people would have made vast claims, far beyond what they could develop.