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Sedo Issues One-Letter Domain Proposal

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Domain marketplace operator Sedo (sedo.com) issued a proposal on Wednesday suggesting that ICANN (icann.org) conduct public online auctions for one-letter .com domains, granting ownership to the highest bidder.

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Would be much better if they just do a lotto thingy and than make a draw ? may be this would generate even more revenue and a chance for people like me to take part in the lotto other wise if they opt for bid system than definately some richy would get the name and no chance for people like me.
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