(No idea if this is the right place... couldn't really see anywhere suitable, sorry!)
It's been in a couple of different threads... and I'm going to bandy it around a couple of communities...
You can say what you like, the truth of the matter is that there are people and businesses who purposefully bought domains with the sole intention of extolling money from others - at ridiculous amounts.
If you've built more than a few sites, the chances are good that when you have looked up DNs, you have found at least a couple that are not actually doing anything - there is no real website... it's simply a stupid little directory, advert system or generic holding page.
Some of these things have been there for years.
Should this be permitted?
I've seen arguments supporting this type of thing (usually from people that themselves do it).
I've seen some wonderful analogies and justifications...
So I'll throw some fish into the same pond and see what happens.
It's the same as buying a patent.
Not true - Patents run out after a time.
Further, applying for the Patent is not the same as receiving the Patent.
It's the same as purchasing land.
Not true - in most countries, there are laws for development production. You are only able to retain the land if it is in use, even if it is arable land. If local developments …