Allow me to take a moment to express my hatred for Cyber Squatters. I vaguely remembering hearing of the practice of buying up catchy domain names for no other purpose than to resell them to others at exorbitant prices, but I failed to realize the depth of the problem until now.
My partner, Jaspar Weir, and I have spent the past week simply trying to think of a name for our personal outsourcing business. We have even gone as far as offering a $100 reward for a good name (see “A Word on ‘What I am Doing’”), all to no avail. Every half decent name we have thought of is occupied by an “Internet Entrepreneur” from Russia, China or Eastern Europe, asking between $500 and $50,000 (yes that’s right $50K) for the domain.
I love capitalism, but the Internet Real Estate Market is not a market it’s extortion.