Quote:
Originally Posted by rcentros
I don't know what that means, but I've learned enough to know that TurnCommerce isn't some little company in Santa Monica.
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They're unrelated, the registrar is the middleman that makes pretty sure they *don't* get entangled in legal stuff domain squatting entails. The way this system works is that individual people like sitetools flip domains through speculation friendly registrars.
TrueCommerce operates on volume. This is the guys you buy dropped domains from for $1-5k (being registrar they auto-reg anything that has at least some rank). It's then the individual speculator, effectively acting as a pawn (and in this case, even having actual shell company) who faces the distraught buyers.
I'm not really all that sold or calling this system evil what not. It's exactly the same as flipping real estate. There are ways to do this ethically - ie not trying to extort too much when you're clearly squatting someones brand. Or you can be an ass about it, if you think you can get away with.
Ironically, it's the small guy who's often the ass - their opportunities are few and between so they think they've won the jackpot, and also have almost nothing to lose. If they know what they're doing, people like that are fairly rich, started multiple "Company, Inc" that all mysteriously went through bankruptcies each time there was trouble (US legal system is bollocks, but you can fast-track a lot of shit just by clever "accounting").