by CHRISTOPHER MIMS, Technology Review
Thousands of people all over the world have spent the past 15 years making millions by scalping web domains that people who might put them to legitimate use would otherwise be able to register for less than $10 at their favorite domain registrar. Now ICANN, the Internet’s ruling body, is going to allow anyone to create a new Top Level Domain, potentially exploding the amount of internet real estate available to us all.
http://www.technologyreview.com/blog/mimssbits/26976/?p1=blogs
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