Unreal! Probably Illegal!

[bwilson27]

How in the heck can some group of slimebags snatch up a domain before the general public just because it's expiring, and hold it for ransom at impossibly over inflated prices!!??

It's extortion! I would NEVER pay these sleazbags a dime.
Go on and tell me about how "That's life" or Capitalism"... It's goddamn dirty pool and you all know it.

You can purchase a domain for 7.98 .... How in the world can these bags of crap get away with charging 100,000X the ordinary ICANN price?

How can we put an end to this outright scam?

 

[Preoccupy]

Is it a registrar that is doing this? If so, can you tell us who it is? If it is in their rules and regulations then maybe they are allowed to do that.... If it is not a registrar and just a bunch of people who are doing this then maybe ICANN maybe able to do something about this... If you know who it is that are doing this hopefully, there may be ways to stop them.:tea:

How in the heck can some group of slimebags snatch up a domain before the general public just because it's expiring, and hold it for ransom at impossibly over inflated prices!!??

It's extortion! I would NEVER pay these sleazbags a dime.
Go on and tell me about how "That's life" or Capitalism"... It's goddamn dirty pool and you all know it.

You can purchase a domain for 7.98 .... How in the world can these bags of crap get away with charging 100,000X the ordinary ICANN price?

How can we put an end to this outright scam?

 

[carlton]

... snatch up a domain before the general public just because it's expiring

You sound really new to domaining. There is a legitimate, competitive industry built around what you just described. "Drop-catching" valuable names is a legal acitivity that is often subject to abuses and scams.

Can you describe more what you observed? Are you referring to registrar warehousing or just a new domain registrant catching the expiring name?

 

[GeorgeK]

The same way people who bought a house in 1965 for $10,000 can sell it in 2006 for $500,000.

 

[bwilson27]

The same way people who bought a house in 1965 for $10,000 can sell it in 2006 for $500,000.

No, that's not exactly the truth, is it?

Here's a better analogy:
Person dying of thirst.... Scumbag buys all the water from his buddy, the town water guy, for market price right before dehydrated man makes it to the well. Scumbag turns around 2 minutes later and demands 4,000 for a drink of water.

THAT'S what "companies" such as "BuyDomains" does. And though it may be perfectly legal through some gigantic loophole, it certainly isn't right. It's wrong. And everyone could attest to that.

So that 10,000 house that gramps bought back in 1965 that is now worth 500,000 due to inflation and artificial price manipulation in the housing market really doesn't apply in a case like this. Now does it?

People at econ told me that when a domain drops, the public has no chance (or very very little chance) of securing it, due to favoritism of these leeches who extort domains.

Any person with a lick of sense would be OUTRAGED that they never got a fair shot at a domain for a normal price, and then were INSULTED by these creeps "offering" it to them for 100,000.00.

THAT's What BuyDomain does. And if you defend that, then you're probably working for them. And if that's the case, then to hell with you.

Oh, and these tactics remind me of all those gas stations that raised their prices to over 5.00 a gallon right after 9-11... Guess what happened to those price gougers? Yeah... Wasn't exactly the greatest of moral ethics, was it?

I call bullshit on the whole damn thing.

 

[jdk]

The same way people who bought a house in 1965 for $10,000 can sell it in 2006 for $500,000.

I think he is referring to someone other than the original owner of the domain "house" in this case.

Here is a different analogy. You buy a house back in 1965 and pay for it up until 2006. The revenal notices never get to you and the house is not "renewed" in 2006. The bank so secretly "hands" the house over to an auction house who "catches" the name before anyone else. This auction house then auctions off the house for $2mil instead of the going rate of $500,000 when the house should have been put on the market for the first buyer who comes along looking for this house. The house didn't belong to the bank "registrar" in the first place, so what gives them the right to hand it over to the auction house "dropcatcher" to auction it off for profit?

The lawmakers "ICANN" notice what is going on, and the citizens "domainers" make a squawk about the happenings of the banks and auction houses. They are too busy counting their $$'s eating Krispy Kremes while sailing on their yachts occasionally getting payments "donuts" to keep eating keeping them happy. (We love donuts sailing on our yachts)

In reality, if you default on your mortgage the banks reserve the right to auction off the house. Although, and I repeat although, a house is considered physical property. There have been numerous cases and decisions where a domain name is not considered "physical property". Therefore, if the leased term expires then it should be sold to the first buyer who signs the lease "registers the domain".

 

[GeorgeK]

I don't work for BuyDomains.

Free markets means that people can charge whatever they like for their assets. Why do paintings that cost $50 in terms of their raw materials sometimes sell for $100 million?? It's supply and demand.

 

[bwilson27]

Contrary to popular belief, this is not a domain that I've ever owned. I own the .org version. I've been watching the .com for quite awhile, maybe 5 years. When it expired in May, I did a pretty stoopid thing, I "Backordered" it.
-I may as well have thrown that money in the street, I'd have gotten more enjoyment out of it. I never had a chance at the domain in question, as it turns out.
Now, I'm not talking about a domain that ever has any hits, It gets no traffic, it's simply my name. A relatively obscure name.... But apparently, the average Joe's actual chances at obtaining ANY domain that is expiring is virtually nill.

I refuse to pay ransom for a domain that I should have had a chance at. These Domain brokers are at the sub-basement of the internet.
I can only hope that some day they'll get what's coming to them.

I don't wish to argue with anyone who defends them or takes their point-of-view. Because they're in the wrong. And it's a total waste of my time.

 

[Beachie]

When it expired in May, I did a pretty stoopid thing, I "Backordered" it. -I may as well have thrown that money in the street, I'd have gotten more enjoyment out of it. I never had a chance at the domain in question, as it turns out.

Where did you backorder it that cost you money without getting the domain? The drop catchers generally don't charge up-front.

In your analogy about the buying up all the water, the guy who bought the water wasn't a crook, he's just smart. Survival of the fittest. He didn't steal the water, he paid the market rate to ensure he had a good supply of water. What do you think "market rate" means?

Your "Unreal! Probably Illegal!" thread title is hilarious, by the way.

And everyone on this forum works for BuyDomains.. and we're behiiiiiind yooou. Boo!

 

[maroulis]

I think this should be thread of the month ROFL!

 

[italiandragon]

From wikipedia about "domaining" :

http://en.wikipedia.org/wiki/Domaining

Domaining is the business of buying, selling, developing and monetizing domain names. Domain names are the addresses of the web and come in a wide variety of extensions (.com, .net, .org being the most common). Domainers, professionals who deal in domain names, buy, sell and develop domain names just like a real estate investor would, often generating income from domain names they own through domain parking and development or reselling.

-----------
I have never read that a Registrar can`t be a Registrant.

 

[Onward]

Who did you back order with? Backordering has a lot to do with who the registrar is...by the way, what is the domain?

 

[GodBlessYou]

Welcome bwilson, i'm also from Seattle. I understand the point of you hating buydomains and trying to sell these domains to companies and holding them until someone purchases them, but that's how they make money.

 

[Toker]

I think this should be thread of the month ROFL!

I must admit it is interesting to say the least...:doh:

I've been in the Adult biz for over 10 years and the Domains biz
for just over 4 years.
Bitching about not getting a dropped domain is like pissing into the wind,
This is 2006 not 1998.
The only way a really good domain expires is if some poor bastard dies,
and all the Registras woke up to the fact a domain that had traffic is Gold
so they keep it and sell it themselves now.!
Registras are in the Bizzz to make money and they're not stupid. (Most Anyway)
There's a few more things they do that are legal but unethical but I
don't blame them.
We pay $6.95 for a domain and sell it for $2,500.00, does that sound
like it's ethical? Or how about inflating the price of a domain by buying
it from yourself using a different Bizzz name and making it worth what it
sold for.
A domain that just sold for $2,000.00 is worth 2 grand or someone
wouldn't have paid that for it right?..

Unreal! Probably Illegal!
It's time to get up and have a cup of coffee, not only is it Real but it's
Legal and all the registras do it...
Sorry ya lost it but you did learn something I hope.
Getting a good dropped domain is harder than hitting the lotery unless
you have the inside track and even then ya gonna pay for it!!
k:

 

[italiandragon]

Or how about inflating the price of a domain by buying
it from yourself using a different Bizzz name and making it worth what it
sold for.
A domain that just sold for $2,000.00 is worth 2 grand or someone
wouldn't have paid that for it right?..

oh...I did not think about that....tricky games.....but they pay fees doing those games if they do that.

 

[Toker]

Contrary to popular belief, this is not a domain that I've ever owned. I own the .org version. I've been watching the .com for quite awhile, maybe 5 years. When it expired in May, I did a pretty stoopid thing, I "Backordered" it.
-I may as well have thrown that money in the street, I'd have gotten more enjoyment out of it. I never had a chance at the domain in question, as it turns out.
Now, I'm not talking about a domain that ever has any hits, It gets no traffic, it's simply my name. A relatively obscure name.... But apparently, the average Joe's actual chances at obtaining ANY domain that is expiring is virtually nill.

I refuse to pay ransom for a domain that I should have had a chance at. These Domain brokers are at the sub-basement of the internet.
I can only hope that some day they'll get what's coming to them.

I don't wish to argue with anyone who defends them or takes their point-of-view. Because they're in the wrong. And it's a total waste of my time.

Actually trying to backorder a domain was the total waste of your time!
And when you say Domain brokers are you refering to a
Registra or someone like us that buy and sell domains??
Post the Domain and maybe one of us can get it for ya!!!
:greenroll:

 

[Chelsea]

I own the .org version. I've been watching the .com for quite awhile, maybe 5 years.

Watching a domain for 5 years... wow - did you ever try to contact the former owner or did you just hope to get that domain for next to nothing?

I refuse to pay ransom for a domain that I should have had a chance at.

One backorder? For a domain that has been registered for good 5 years?
Where did you backorder the name?

These Domain brokers are at the sub-basement of the internet.
I can only hope that some day they'll get what's coming to them.

Sounds like pure frustration about not getting the name.

I don't wish to argue with anyone who defends them or takes their point-of-view. Because they're in the wrong. And it's a total waste of my time.

I am not defending them, it´s a business, wake up!

 

[Toker]

oh...I did not think about that....tricky games.....but they pay fees doing those games if they do that.

There's deals that can be made along that line also..
You're under the impression that all the sites like Sedo,
Afternic ect are 100% above board..
When you consider that around 80% of the domains that have been
sold are parked with no site on them alot of people must be making
money off them.
Honesty and Internet are Oxymorons to say the least, Spam, Trojans,
Malware, Spyware, Embeded ads in Java Jars, toolbars from hell that
do everything from change ya start page to send you where they want.
Does it surprise you to find out that there's something shady in one
of the biggest money maker on the net, Domain Sales?
Just live with it, you don't need an ulcer over it....
:censored:

 

[italiandragon]

There's deals that can be made along that line also..
You're under the impression that all the sites like Sedo,
Afternic ect are 100% above board..
When you consider that around 80% of the domains that have been
sold are parked with no site on them alot of people must be making
money off them.
Honesty and Internet are Oxymorons to say the least, Spam, Trojans,
Malware, Spyware, Embeded ads in Java Jars, toolbars from hell that
do everything from change ya start page to send you where they want.
Does it surprise you to find out that there's something shady in one
of the biggest money maker on the net, Domain Sales?
Just live with it, you don't need an ulcer over it....
:censored:

yes you`re right, I know all of that stuff but I just did not think about that trick which is really quite possible to be common.

 

[bwilson27]

I understand there are people out there trying to make a buck for doing practically nothing other than scewing the next guy... That's life.
But when operations like "enom" and "BuyDomains" are able to go inside and catch these domains before the average person (the person they turn around and ransom the domain to) is able to, is wrong.
I never had a chance. And it wasn't really about chances, it was about favoritism from the registrar (name-secure.com) to outfits like BuyDomians and their ilk.

Yeah, it bugged me that I didn't get brettwilson.com when it was supposed to have become "Availible"... It pissed me off when I talked to an employee of "enom" and had him tell me that I had no chance since a dropped domain always goes to a handful of sleazy outfits like BuyDomain because of favoritism or whatever.

And... My next point was you'd be an idiot to buy a domain for anything other than the basic ICANN price. Even considering to support scammers like these is what keeps them in buisiness.
Bah.

I might not be some slick prick who buys and sells domains for a profit... I might just be some guy who has a website about nothing.... You know, a real person... And I might not know all the ins and outs of this sordid "buisiness" you people seem to be into... But I know crooks when I see them.