Showing again how when you run a registry with no consistentcy, several other things pop up that are ridiculous.
In March of 2010, .TV changed their game. They did away with premium renewals. The thing that made the extension get called out in a negative light, looked like it had been fixed. But while people started to get pumped up about a non premium renewal, there was more to the story.
The non premium renewal was only for names regged March 18,2010 and going forward. So if you owned a name where you were paying a premium renewal, you had to keep paying or drop the name, and then hope to catch it for a one time payment and then non premium renewal.
What came of this was back ordering roulette. Others started back ordering at Name.com who has been the number one registrar for .tv back ordering and drops. So now someone paying $1000 a year for a name was looking to secure the back order for $49.99 at Name.com.
When they got there, the name was already back ordered. So this put the registrant in an interesting position, abandon the name, seek out the back order holder, or renew for $1000.
I asked another premium holder what he was doing ? " Renewing them all, fuck these vultures, fuck every single one of them."
Successful .tv investor James Black said to me that he wished everyone had of worked together to secure each back order with the owner. He did help some on his own to get their name and pointed them out to many more .tv holders.
Its a shame .Co got Lori Anne Wardi and not the .tv relaunch. I have no doubt she would have had .tv running a lot more smoothly.
Let's hope with the new gtlds there is none of this nonsense.
Nice to see a piece thats not fluff. Why did Verisign allow this ?
“I asked another premium holder what he was doing ? ” Renewing them all, fuck these vultures, fuck every single one of them.””
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That doesn’t sound a smart move (emotional not a business decision), and how are they vultures? The names are likely to drop and getting a back order may make sense.
Backorder or not mostly the legacy names are not worth keeping. For the people who picked them up with inflated renewals in the past, nobody owes them anything, if someone backorders the name there is nothing wrong with that.
Even the regular reg fee names have done very badly since the relaunch. eg ringtones.tv sold at auction in April 2010 for $1250, re-auctioned last week and went for $260 euro.
The whole system is screwed up, thank you for the article, its nice to read something more than cheerleading which is what .tv and .co supporters are. Rah Rah Rah Rah Rah Rah Rah
I think the author brings up a good point,there is nothing wrong with back ordering. Its the environment that Verisign has created with .tv that has made it not right. I can back order a .com the owner is either dropping it because they don’t want it, or forgot about it. In .tv the owner may still want the name but has to decide to take the chance on getting the back order which probably is being held by some who really don’t want the name, but want to get paid like the guy with Georgia.tv offered. Domaining is a dirty business no doubt, this is just really dirty.
“Its the environment that Verisign has created with .tv that has made it not right. I can back order a .com the owner is either dropping it because they don’t want it, or forgot about it. In .tv the owner may still want the name but has to decide to take the chance on getting the back order which probably is being held by some who really don’t want the name, but want to get paid like the guy with Georgia.tv offered. Domaining is a dirty business no doubt, this is just really dirty.”
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Not sure what you are talking about here, the guy probably wants the name, in fact money was offered for the backorder and he did not come forward.
The only real point here is that someone has signed up for a very bad deal initially with Verisign and may deliberately drop a domain, really that goes back to their past mistake, not Verisign’s.