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The Lowdown



April 9, 2008 Post

Here's the The Lowdown from DNJournal.com! Updated daily to fill you in on the latest buzz going around the domain name industry!

Compiled by Ron Jackson (Editor/Publisher)

 

As a follow-up to yesterday's post, as I expected a widely quoted news article that claimed ICANN CEO and President Paul Twomey had made anti-domainer comments at a conference in 

Dubai last week proved to be false. ICANN Media Adviser Jason Keenan dropped me a note today saying "I have discussed the Gulf News report with Paul Twomey and he has asked me to clarify that the article incorrectly suggested that he has concerns with domainers. 

Keenan wrote, "As Paul said to me: "When asked to look ahead at what might happen on the Internet, I did say it was likely domainers would move increasingly into the ccTLD space. In no way did I say or suggest that domainers were a negative force in any way and certainly did not refer to them as "a downside." The many domainers I have met and chatted with at meetings across the globe will know I would never say such a thing. As I noted in my closing remarks at the Dubai meeting, the marketplace has evolved and domainers are a part of the robust domain name market that exists today."

Dr. Paul Twomey
ICANN CEO & President

That statement is consistent with everything I have heard from Dr. Twomey in the past, which is why I did not believe what I read in the article. His comment that domainers would increasingly move into the ccTLD space is a valid observation and certainly not one that should surprise anyone.  Just as land investors will put their money where they sense good opportunities for growth, those who think domains have a strong future will invest their money in areas they expect to expand. Domains are no different than any other kind of proven asset. People will invest their money where they see value. The idea that there is something somehow wrong with this - especially since it is the very basis of free world economics - has always baffled me. My belief is that this odd prejudice against domain owners that is not directed at those who invest in other asset classes stems primarily from jealousy.

Critics don't want to acknowledge that domain owners put a lot of capital at risk (especially years ago when registration fees were far higher than they are today) buying assets that everyone else told them they were idiots to buy. Now that  those people have proven to be not as stupid as a lot of people thought those who missed the boat are trying to rewrite the rule book and get their hands on the assets they ridiculed a decade ago. Part of their hijacking strategy is to constantly demonize domain investors. Whenever this happens the offending parties should be called on it as the facts clearly speak for themselves.
(Posted April 9, 2008)


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