Conversation
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I fucking hate domain name squatters.
- Machismo repeated this.
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I've been waiting for nigge.rs to come up for year. Unfortunately it keeps getting renewed.
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You snooze you lose nigga!
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@cinerion I agree, and this made me reconsider my dislike of "squatter's rights."
As I understand it, "squatters rights" are motivated by the idea that someone should not be able to just own land and do nothing with it. If someone else comes along and uses the land for a long time, without being disturbed, then the formal landowner can't just kick them out.
I've seen the horror stories of some family coming home after a long while only to find squatters living in their house who they can't evict.
And yet, I agree with you. People shouldn't be able to make money by just sitting on domains that they own but do nothing with. I feel like land is a valid investment but domain names (and NFTs) aren't, idk why.
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@ai @cinerion Holy shit it's a topic I disagree with mist about.
The problem with having land function purely as an investment that is just sitting there is that the land could be someone's house, and for whatever reason it isn't. As an example, there is quite a lot of attractive property in California that is being used solely as an investment by foreigners - they come once a year to kick any squatters out, and then just ignore the house forever. This jacks up housing prices and contributes to the homeless problem in California.
"Squatters rights" aren't just there to protect someone from getting kicked out of land they've functionally made "their house" - it's also designed to limit how bad this problem gets. Land that someone wants to use should be used - holding down a spot and not using it keeps this from happening.
Domain name squatters function in the opposite way as land squatters - they flag down a domain name and then do nothing with it. They're investing in something with absolutely no intent to use it. Which is bad, and which we agree is bad.