Quote:
Originally Posted by Libertine
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.
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Regardless of how they are "given out" (or sold) the market is going to find the correct price for these assets. With high reg/renewal fees, then the surplus goes to the registry (a monopoly with a very limited technical set of things to do; flooding them with money would be a VERY BAD thing and still not ensure availability (see the case of .mobi)). Also, high prices would lock out millions of people who might only be interested in a domain at $10 or less, like your average blogger.
Low reg/renewal fees mean the surplus goes to those who are smart and quick, and those willing to take risks. As others have mentioned, most domainers are willing to sell if the price is right.