[NA-Discuss] The societal harm of domaining, episode 413

[Volker Greimann]

In that case, domaining can also be likened to the practice of buying land
or houses for resale or renting out to third parties, to buying art for the
purpose of resale, buying or amassing copyrights and trademarks or even to
buying stocks.

Are we really prepared to say any form of investing, renting, leasing or
using property for your own personal gain are a societal evil?

-- 
Volker A. Greimann


On Sat, Feb 13, 2021 at 4:42 PM John More via NA-Discuss <
na-discuss at atlarge-lists.icann.org> wrote:

> +1
>
> On Feb 11, 2021, at 11:59 AM, Evan Leibovitch <evan at telly.org> wrote:
>
> Hi David,
>
> I didn't see your original email, but I did see the response and your
> followup.
>
> There are significant differences between ticket scalping and domaining,
> mainly arising from the finite number of seats and hard expiry dates that
> make unused event tickets worthless once the event is over. However IMO the
> two share a fundamental characteristic broadly known in economics as "rent
> seeking": wealth obtained through manipulative use of resources without any
> associated increase in productivity.
>
> Being in a queue early to buy a ticket/domain (without intent to use it)
> inflates the price without adding any value. I am fascinated by speculators
> who claim what they're doing is innovation, and even more by those who
> peddle themselves as branding experts to try to give some veneer of added
> value. Nobody is fooled by this. Nor does anyone shed any tears when the
> primary sellers (ie, Ticketmaster/Godaddy) see the greed and then seek to
> compete with them. The losers are the end-users in both cases.
>
> Cheers,
>
> Evan Leibovitch, Toronto Canada
> @evanleibovitch / @el56
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