Quote:
Originally Posted by sevent
Yeah really sux that somehow people decided to buy assets with value before you thought of it. Also, some other folks snapped up all those A-Rod rookie cards too. Fucking assholes. They should just give them all to me 'cuz I have a *real* use for them.
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No, what sucks is that an extremely limited commodity that is essential to doing business online was given out to people for a negligible payment, in unlimited amounts, on a first-come-first-served basis.
Someone who registers them in bulk and only sells at high prices only has to sell 1 in every 100 or so to turn a small profit. And therein lies the problem: it's simple and inexpensive to keep hundreds or even thousands of domains occupied but undeveloped.
I've profited from the system myself, and probably own more domains than most people in this thread. But that doesn't make it a good system.
You could compare the internet to a city in that regard: if land allocation works in such a way that a majority of worthwhile land is taken but undeveloped, the system is broken.