The domain aftermarket has a big problem - Domain Name Wire | Domain Name News
domainnamewire.com
Domain aftermarkets need to clean up their inventory. Let me start this rant with some good news. This month, I sold a domain name for $6,500 that I found through Domain Academy’s Afternic advanced search tool. I bought the domain for less than $100. Now for the bad news: I spent a lot of time […]

Here’s my take:

The domain aftermarket has a big problem… it exists. This market shouldn’t ever be allowed to exist in the first place. ICANN should’ve blocked this bullshit a long time ago and forced registrars to just let domains expire and free the space. Also add a few provisions about unused domain names and about selling them.

    • @CortEnglish
      -2•8 months ago

      I think it could be accomplished. If any income from the sale or transfer of a domain, above the standard registration fees, is taxed at 100% that would stop most, especially businesses. No it wouldn’t be perfect, but no tax system is.

      • @jkjustjoshingEnglish
        3•8 months ago

        ICANN doesn’t have the authority to levy a tax. I’m not sure how you would enforce a system like that.