The .COM Scam
Bob Parsons, the CEO of GoDaddy.com, has this very incisive article about the monopolization of the .COM domains by VeriSign.
VeriSign wants to control the .COM registry forever.
VeriSign has somehow persuaded ICANN to propose a new contract where VeriSign will be the permanent and unregulated controller of the .COM registry. VeriSign would also get the right of presumptive renewal. This means when the new contract for the .COM registry comes up for renewal in 2012, it won’t be put out for bid – like the .NET contract was in 2005 – instead it will simply renew in VeriSign’s favor.
[tags].COM, VeriSign, ICANN, domains, registrars[/tags]