I think the point is more that auDA asserted that the hypothetical name in
question was worth 100k when auDA sold it (they established the competitive
bidding system), yet actively disallow the buyer to realise that value by
way of transfer.

It may be that these are the rules auDA has established and we all have to
live by, but that doesn't make them morally or ethically defensible.

It's a little odd sitting at either end of the table and on the one hand
accepting a big stack of cash for a name and then by way of being a
regulator restricting ground rules that would allow the buyer to realise
(some of?) that value.

Personally, I think auDA should never be in the position of doing anything
more that charging their set domain name tax all valuation issues wrt domain
names should be resolved by the market and its forces. Crossing that line
compromises its impartiality.

Larry

> -----Original Message-----
> From: Kim Davies [mailto:kim§cynosure.com.au] 
> Sent: Friday, 25 March 2005 1:28
> To: Mike
> Cc: dns§dotau.org
> Subject: Re: [DNS] Searcher twists name rules
> 
> 
> Quoting Mike on Friday March 25, 2005:
> | 
> | Imagine if you were or are an ordinary shareholder of a company who 
> | was
> | successful in the previous generic auction process that was 
> run, paying 
> | $100K+ for a generic domain..
> | Continue imagining the business goes belly up.
> | Imagine the look on the Administrator's face when he goes 
> to sell the 
> | 100K domain name..
> | LOL
> | I reckon auDA might be in for a fight.
> 
> A domain registration is a limited license under specific 
> terms. If someone thinks they have a perpetual immutable 
> right to a domain name, then that is through their own 
> stupidity. I am sure domain names aren't the only things in 
> this world that are non-transferable.
> 
> kim
> 
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