Pulling up this old thread because Bob Parsons has put out another item regarding the grace period scheme.
http://www.bobparsons.com/DomainKiting.html
I've done a little research and I may have to eat my previous words and agree with Bob here. It seems there is no ICANN fee for domains that are dropped in the 5 day period. I had always assumed that everyone payed the 25 cent fee. This is an absolute outrage for four reasons:
1) A party is allowed to rent at zero cost rather than purchase.
2) A party is allowed to tie up property at no cost and keep it from being available to the rest of the market. In real estate only a sucker would allow another party to tie up thier property with no cost and no commitment.
3) There is no restraining the demand for things that are free. You have to put some small cost on pretty much anything to keep people from becoming gluttons.
4) It is clearly skewed in favor of the deeper pockets. The little players has pretty much zero opportunity to compete in this. Many of the domains caught in this scheme may well have been picked up by little players if they had been given a level playing field in terms of time or opportunity cost.
I also found in my research that at least one very
I know from my search that at least one very prominent member of this forum is a vocal supporter of the system with ICANN. Even after reading their arguements I just don't see any validity to it.