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A comment on Ask HN: Why do we pay for domain names?.

Re:Ask HN: Why do we pay for domain names? by zellio on Tuesday December 10, 2013 @05:06PM (#6884128)
Monopoly and regulation. Rather, monopoly is why it costs so damn much. Regulation is necessary because we need to have one internet, not many.
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Re:Ask HN: Why do we pay for domain names? by t0 on Tuesday December 10, 2013 @05:15PM (#6884178)
Exactly. Most of that $15 goes directly to ICANN and Verisign. http://www.hostly.com/hosting-info/much-domain-names-cost-15...
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Re:Ask HN: Why do we pay for domain names? by gacba on Tuesday December 10, 2013 @05:22PM (#6884230)
Not quite.

ICANN Fees

ICANN charges a fee for each domain name registered. The fee is 20 cents per domain.

The domain registrars pay additional fees to ICANN, but it's hardly anywhere near the 90+% you quoted.

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