Beasty said:I can not say that I agree with you there. There are people who are more expert in this than I am - but somewhere on this site is a list of prices paid last year and in other years for .uk domains. Perhaps not the $12-14 million reportedly paid for sex.com - but it strikes me as domains (notably generics and short acronymns) have an intrinsic value often reaching 4 or 5 figures.
As I said recently, the 'value' in a domain name is more about what a buyer is prepared to pay for it rather than what the seller actually wants for it. In that respect it is a buyer's market. I accept there are people still prepared to pay 4 and 5 figures for a domain name but my point is you can't go to the bank and use a domain name as security for a loan because there is no intrinsic value in the domain name itself and no matter how much you may have paid for it, it is not regarded as a tangible asset. If the Courts were to find that a domain name were 'property' or 'goods' then perceptions might well change.
Beasty said:I take your comments to mean people should not rely on Nominet to necesarily be able to look after their interests at all times - that at times they may fall short. I would agree - since I was not suggesting that anyone should rely on it to look after their interests. The rest of what you say leaves me a bit baffled.
Perhaps I confused things because I tagged on the issue of 'expectations'. I guess I was making two points. The first being that I believe domain registrant groups (aka stakeholders) have a right to question and a right to expect an above average level of commitment and integrity from the UK Registry. The second being that some of the comments I see on boards like Acorn Domains suggests to me that people are unrealistic in their expectations of the system especially when the system was created in good faith and in an attempt to be fair to all. Logic dictates it is impossible to find a policy or procedure that will satisfy every single difference of opinion. This is evidenced in government legislation where for every loophole they close, they create others which were not there before.
Regards
James Conaghan