Sarcle said:
Actually it's not. Have you see the costs for registering these new names compared to .com or .net? At $119 a pop plus a $39 dollar registration fee you can get a .jobs domain at godaddy. I would say that is highly speculative. Not to mention $60-$80 at most registars for .XXX that isn't going to solve any problem whatsoever.
As far as "most" speculators being naive I never said that. I said a lot of suckers that believe they can make a million dollars, and there are a lot of them out there. Have you seen TDNAM or SEDO or EBAY or The RegisterFly Market, or any big Droplist? There are millions of names that will go no where.
So yeah I would say alot are naive, most domainers do have a balance, but as long as you got the THOUSANDS and thousands of idiots buying ten million .XXX or .crap that costs 60-$80 a domain for sdflksdf.xxx. Which by the way is speculation thats what we do and thats what registers and ICANN do.
Well, that makes more sense. Clearly, if you are speculating on domains there is a huge attraction to use a popular registry like dot com, where not only is there likely to be demand for the extension, but the costs do not preclude any possibility of making a profit. I am dropping most of my dot cn tv cc etc for this very reason. The risks associated with this kind of speculation demand a high potential return and if the renewal costs are too high then that cannot happen.
Such high costs, however, may be acceptable for a company using the domain for a website that is capable of generating sustaintial revenues. If the required keywords are not available in dot com without spending thousands of dollars, it may be justifiable to register those keywords with another registry.
At the end of the day, it should be about freedom of choice and open competition. The high fee registeries will have to get real if they are to expand significantly. The successful registeries will ultimately those that offer some kind of value and that will include a competitive price. I do not believe that it is ICANNs responsibility to control fees and these will be best controlled by ensuring competition.
The expansion of the number of registries is in my view essential, as the total of number of domains that will ultimately be registered worldwide is likely to be at least ten-times the total number registered presently. Having said that many of the drossy English Language dot coms that have been registered will eventually be allowed to expire. The real area of expansion for dot coms will be foriegn languages and IDNs. Whilst the internet may be showing signs of maturing in the US, much of the world has hardly even left the starting blocks.
Best Regards
Dave Wrixon