93% Of Domain Reigistrations For Scam Sites?

from the domains-for-nothing-and-your-clicks-for-free dept

zanek writes "ICANN's five day money-back period for domain name buyers has created a new, highly profitable industry. Some are accusing investors of colluding with registrars to continually buy blocks of domain names, publish pay-per-click advertising pages, return the blocks for a refund, then buy them again. Others simply throw back nonproductive domains before the time's up. Either way, ICANN loses its fees, and those looking for great domain names can't find any." There have been a few stories about this, but it hasn't been clear just how widespread this is. In the article, the claim is made that an astounding 93% of domain names registered last month were for such scams -- though, it would be nice to see something to back that up. Either way, consider this the next evolution of the typosquatting obsession.
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  1. identicon
    John M, 11 Oct 2006 @ 10:26am

    Re: Domain Name Problems

    I agree with all of you, except Mr. "I make click through sites- I am so cool" up there.

    Any moron can make money taking advantage of bad public policy. The problem is people like you make the Internet filled with more dead space, rather than valuable information. In short, the entire world is more ignorant because of you, and that will be your legacy.

    But don't worry, the law will catch up with you, and others like you; just like it did with the cybersquatters. TM law is very much going in that direction, and suits brought under a theory of dillution are likely to continue in their expansion.

    If all goes well, when the law changes you will be sued and lose all of your money. If not, you can pass down the family business so your children can say "My father made the world dimmer, and so will I".

    dee dee dee sir, dee dee dee


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