Paul McNamara at Network World writes an interesting piece focusing on what ought to be done about "domain kiting" - the practice of exploiting the five-day grace period offered by domain registrars for registrants of Internet domains. It's an ICANN registration regulation at issue here, which allows for the grace period. Automated systems can gobble domains up and keep them out of circulation without paying for them. To what extent is this happening right now? Bob Parsons, CEO of GoDaddy, says on his blog that 92.3% of domains registered last month were kited. 35 million names were registered in May and only 2.7 million of them were permanent registrations.
Sounds like the domain equivalent of ticket scalping, if you ask me.