.biz Domain Lottery on Hold
kikta writes: "CNN is reporting that the lottery for the .biz domain appear to be in trouble. A judge barred the lottery and ordered the company, NeuLevel Inc., to set aside $3 million for possible refunds."
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I can imagine now cybersquatters happy because they "won" a .biz domain, and because this would, after a fashion, legitimize their activity.
I'll go place a $1 bid for mcdonalds.biz - if I win, I can go offer McDonalds the domain for $10.000. If they sue me, I can retort by stating I got the domain in a legitimate way.
It may or not be illegal - but it sure as hell is stupid.
"Trust me - I know what I'm doing."
- Sledge Hammer