Gold Notable Member
- Nov 7, 2020
theinvestor said:So let me get this straight....CMI was dropped in 2018. It was picked up by MYID? And kept by MYID? There was no auction?
How did this person buy this domain from MYID?
Maybe I’m reading too much into this but I don’t think there was a sale here...I think there’s some funny business being done in a CIRA dispute.
DomainRecap said:Geez, I never knew the "Canadian retiree living overseas" domain market was so incredibly lucrative.
Looks like we've been ignoring a key resale sector all these years, while MyID clearly knows the game. What's next for them? The burgeoning "baby domain investor" area?
rlm said:Of course we all know this isn't supposed to be possible since Registrars all agree to not warehouse domains for resale purposes as part of their registrar agreement.
DomainRecap said:And if someone was doing it, this would incredibly lucrative, as any TBR domain only cost the registrar around $9 (or less, depending on volume), thereby making a $16,000 sale virtually all profit.
DomainRecap said:But there would be some telltale signs:
rlm said:A possible solution would be to have TBR run as it currently does, but that CIRA (or an outsourced and audited 3rd party not allowed to be in the domain business) would run the auctions, collect the funds from the proceeds of TBR, and disburse them to the registrars in the form of a CREDIT to their CIRA account.
DomainRecap said:That's the other side of this dirty coin and something that the CIRA doesn't seem ready or willing to tackle.
rlm said:When it happens, people absolutely need to take it to CIRA. They can't do anything about it if they can't prove its a problem.