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Registering new domains costing $100,000?

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  • #598108
    Anonymous
    Guest

    I think this is important.

    that said, can somebody explain to me what they’re saying? :)

    new customized addresses? 100,000 to register a domain? somebody’s cashing in.

    my understanding is this is allows anybody from any country to buy any .us or .uk etc whether they are in that country or not, is that right?

    and the 100,000 price to register is for domains written in some foreign language … which would be the equivalent to a domain such as movies.com or insurance.com or gambling.com … is that right?

    I don’t get it. where they get off charging that kind of price to register a domain?

    Disputed domains will be auctioned to the highest bidder? and who gets to keep the profit?

    Calls it an Internet milestone

    The Internet Corporation for Assigned Names and Numbers (ICANN)
    has voted to approve lifting restrictions on the classification
    of domain names, allowing for new customized Web addresses.

    A unanimous vote by ICANN members at a public meeting in Paris
    paves the way for businesses and individuals to adopt domain
    names based on any combination of letters. Previously domain
    names had been limited by geography.

    “This was an extremely successful meeting that will be remembered
    as a milestone in the development of the Internet,” said Peter
    Dengate Thrush, ICANN’s Board Chairman. “New generic Top Level
    Domains and Internationalized Domain Names (IDNs) will open up
    the Internet and make it look as diverse as the people who use it.”

    ICANN also approved top – level domain names in scripts including
    Arabic, Cyrillic and other non-Latin scripts. It passed a
    resolution to eliminate domain tasting, a practice of using the
    grace periods to register domain names in bulk to see which ones
    are profitable.

    The new domains could cost as much as $100,000 to register, and
    will require a large amount of recourses to maintain.

    ICANN said it would begin accepting applications for new domains
    in April of 2009, with the first expected to be in operation by
    the end of the year. The system is open to anyone, but applicants
    have to have a “business plan and technical capacity” to be
    eligible.

    Disputed domains will be auctioned to the highest bidder, but
    in some cases intellectual property law may help a business
    acquire a name. ICANN will be able to reject a domain on
    “morality or public order” grounds where it would then be
    decided by an international arbitration committee.

    The largest top-level domain is .com, with 71 million addresses,
    followed by .de, the country code for Germany, with 11.2 million
    and .net, with 10.6 million. The fastest growing is .cn, for
    China, with 10.5 million addresses.

    #771422
    Anonymous
    Inactive

    Hi BB1,

    It is important … it means the end of the internet as we know it.

    It means you can apply for .vegas as an extension and sell

    or use all the domains before it. It will turn the internet upside down and

    backwards literally.

    :hattip:

    #771439
    Anonymous
    Guest

    what a scam.

    question: so does this mean we’ll all be bidding for .gambling, .vegas etc?

    who gets all this profit?

    this really is a let down. I thought at least the domain registars were above corruption for some stupid reason.

    #771440
    Lucretia
    Member

    looks kinda strange LOL

    casinolas.vegas
    online.gambling

    #771443
    Anonymous
    Inactive

    @bb1webs 167029 wrote:

    what a scam.

    question: so does this mean we’ll all be bidding for .gambling, .vegas etc?

    who gets all this profit?

    this really is a let down. I thought at least the domain registars were above corruption for some stupid reason.

    The money makers in all this will be ICANN, the registrars, some Big

    corporations, some lucky individuals, and even search engines like

    Google since it will create confusion the likes that has not been seen since

    Babel … some premium .com owners are already talking lawsuits against

    ICANN to stop the madness … it will be interesting to see how it all

    plays out.

    #771451
    Anonymous
    Inactive

    Good or bad, right or wrong, what I do like is the fact that they are insisting on business plans which along with potentially high prices could at least mean the domains end up in the right hands rather than PPC squatters.

    Traditionally it takes the SE’s a while to catch up on domains – this throws the cat mong the pidgeons with people like Google who rely on domain extensions for localised search. Clearly generics like “football” could cause issues as to which markets are better suited to the domain. Many of the current generic crop of domain like “.biz”, “.info” etc still carry no weight in SERPS, ages after they were launched.

    #771453
    Anonymous
    Inactive

    looks kinda strange LOL

    casinolas.vegas
    online.gambling

    It will look even stranger when we will see casino.com complete against

    .casino

    :)

    #771454
    Anonymous
    Inactive

    @Simmo! 167042 wrote:

    Good or bad, right or wrong, what I do like is the fact that they are insisting on business plans which along with potentially high prices could at least mean the domains end up in the right hands rather than PPC squatters.

    Traditionally it takes the SE’s a while to catch up on domains – this throws the cat mong the pidgeons with people like Google who rely on domain extensions for localised search. Clearly generics like “football” could cause issues as to which markets are better suited to the domain. Many of the current generic crop of domain like “.biz”, “.info” etc still carry no weight in SERPS, ages after they were launched.

    Oh yes this is great for everybody, it’s a fair and balanced system that

    ensures that Big Corporations get the best keywords.

    :sarcasm:

    #771456
    Anonymous
    Inactive

    @aleph 167045 wrote:

    Oh yes this is great for everybody, it’s a fair and balanced system that

    ensures that Big Corporations get the best keywords.

    :sarcasm:

    Possible, but not necessarily – $100k (which may only apply to a few select domains anyway) is hardly out of the reach of serious small business or even an individual. And the business plan idea is a good approach in that regard. Even if it did, it strikes me one purpose of this is to ensure a domain’s potential is maximised. It sounds like it’s following the .tv standard in pricing by the way which seemed to work quite well in ensuring domains ended up in the hands of people that used them properly.

    It’s all speculation right now anyway but if it helps improve the Internet user’s experience, that can only be an advantage. If it doesn’t then it’s either mismanaged or as many will no doubt assume from the off, it’s about money.

    #771457
    Anonymous
    Inactive

    @Simmo! 167047 wrote:

    Possible, but not necessarily – $100k (which may only apply to a few select domains anyway) is hardly out of the reach of serious small business or even an individual. And the business plan idea is a good approach in that regard. Even if it did, it strikes me one purpose of this is to ensure a domain’s potential is maximised. It sounds like it’s following the .tv standard in pricing by the way which seemed to work quite well in ensuring domains ended up in the hands of people that used them properly.

    It’s all speculation right now anyway but if it helps improve the Internet user’s experience, that can only be an advantage. If it doesn’t then it’s either mismanaged or as many will no doubt assume from the off, it’s about money.

    $100,000 is the base starting point … the best domains will be auctioned out

    … you have to ensure proper technical expertise which has been estimated

    to cost in the millions by some experts.

    #771459
    Anonymous
    Guest

    Hi all,

    I seldom disagree with you Simmo but this time I think you got it all wrong.

    there’s nothing good about setting up a system that totally cuts the little guy out. That was what made the net great.

    Ya only the big money will have the resources to even compete for top domains ….. this really makes me sick.

    So basically those behind all this set things up so they got almost every cent possible squeezed out of the .com , got a pretty good chunk of .org and .net … and now that they’ve capitalized on all that as much as possible they turn around and make all those domains that were worth so much … not looking so good now …

    and clean up on releasing all those possibilities.

    Nobody knows what or how the SEs will handle this but I’m betting they give preference to gambling.gambling for the keywords gambling and similar … over what they’re gonna give you points for a domain like fredsgambling.com

    this really is disheartening to find out. I hope its not as big a fiasco as I suspect it might be.

    #771469
    Anonymous
    Inactive

    Hi BBS

    I wasn’t actually saying it’s right or wrong – in both posts I suggested it may be one or the other…merely trying to point out that at the moment its all speculation and the coin could drop either way but I think it’s right in any speculative debate to point out it has two potential ways of falling, hence why I thought the other side was worth a quick look to check it wasn’t a two-headed coin :)

    Cheers

    Simmo!

    #771471
    Anonymous
    Guest

    sorry if I sounded too strong. if it was … it wasn’t aimed at you Simmo, … I am still reelin’ from this news as I don’t see a whole lot of good to come from it but I sure see a whole lot of possible bad coming from it.

    Its like my worst fears of the net are coming true, except in my vision the search engines on top of what they do now, … become affiliates to every possible niche and of course put their links up first for any search remotely close to what they’re selling.

    I’m not so sure this won’t have a similar effect. And the part about having to have a business plan … . really scary stuff. Like ….. lets not only rape them financially but lets also make sure its “our kind of people” that get control of these major domains.

    and I bet they push all this thru before enough people wake up and say stop and once they get it done its done.

    #771480
    Anonymous
    Inactive

    The new domains could cost as much as $100,000 to register, and will require a large amount of recourses to maintain.

    Re-reading this, I think whoever wrote this has got confused. I think he/she is referring to running the TLD for the .anything itself. The BBC has an article on it at http://news.bbc.co.uk/1/hi/technology/7475986.stm and I think there’s a similar misconception because in there it says:

    However, the cost of setting up a domain – at least initially – will be an expensive business.

    and…

    Individuals will be able to register a domain based on their own name, for example, as long as they can show a “business plan and technical capacity“.

    Setting up“…”Technical capacity“? To have a domain name? No way. They are referring to the registrar who sets up and sells the TLD IMO.

    #771482
    Anonymous
    Inactive

    I think so too, I think you are buying the rights to the .whatever , and most people will resell the resulting domains like a registrar.

Viewing 15 posts - 1 through 15 (of 18 total)