Unproductive Social Parasitism
Published at 10:50 on 23 September 2011
Really, can there be any other succinct summary of the highly dubious practice of cybersquatting (or “domain investing” if you’re a fan of the Newspeak of the pro-cybersquatter crowd)?
If you don’t need an Internet domain name yourself, simply don’t buy it and it will be available for purchase by someone who does. Buying a domain just because you think someone else might want to buy it later and be willing to pay an inflated price contributes absolutely nothing to society. In fact, it harms others, by complicating the process of obtaining a domain and compelling them to pay more than they otherwise would have.
Sure, it’s legal, but it’s neither ethical or socially useful.