Ask HN: Why do we pay for domain names?
There are over 100 million domain names registered, which I'll assume average out at $15/year (being conservative). All said and done, that means $1.5 billion in revenue for the countries and corporations that own TLDs, which were assigned by ICANN.
Should DNS be crowdsourced, with the cost of the domain name accurately reflecting the cost of operating the DNS network? Even at $0.01 per domain name per year, we would still have $100,000 to operate the DNS network.
Is there something I haven't considered, or does the current system need to be replaced?
10 comments
[ 4.4 ms ] story [ 85.8 ms ] threadICANN Fees
ICANN charges a fee for each domain name registered. The fee is 20 cents per domain.
The domain registrars pay additional fees to ICANN, but it's hardly anywhere near the 90+% you quoted.
I think that domain name squatters should be flagged and the domains should be removed if they aren't being used appropriately. Furthermore, bulk domain registration should be banned – I can't think of a simple reason that this should be allowed.
> I think that domain name squatters should be flagged and the domains should be removed if they aren't being used appropriately.
Who gets to flag squatters? How do we define "used appropriately?" Who gets to decide whether a squatter meets that definition?
A system of flagging is more complicated than you think.
Of course, that leads to concerns over what qualifies as `using', but I'd imagine something could be worked out.
[0] http://namecoin.info/
[1] https://en.wikipedia.org/wiki/Namecoin