ICANN Proposes New Way To Buy Top-Level Domains
narramissic writes "Late last week, ICANN put up for comment a new top-level domain (TLD) proposal that would open up the market for generic TLDs on the Internet, basically allowing anyone with $185,000 to buy a new TLD. ICANN has based the cost of a generic TLD on what it believes will be the cost to evaluate applications and protect the organization against risk, said Paul Levins, ICANN's executive officer and vice president for corporate affairs. Any excess money would be redistributed based on the wishes of the Internet community, he said. As of late Tuesday, there were only a couple of comments on the proposal."
This sounds like a pretty bad idea. The first thing that comes to mind is the wholesale registration of TLD's for typosquatting.
At least they'll be able to register a proper domain: .con
Do we have the basic TLDs? yes, stop...
Does pretty much every country have its own basic TLD? yes, stop...
whoever came up with this idea, please, stop...
especially for that low a price... maybe for $1.85 billion, but not $185,000.
ICANN needs to learn how to play solitaire, maybe then they'd get the reason they're there.
(hint, it's the first rule of both business and IT... "whatever you do, don't touch it").
Since when does the internet community pay for porn?