Good thing you didn't visit the domain too often, Vin.
Source: http://www.macworld.co.uk/news/index...S&newsID=16654Attendees [at an ICANN meeting] will also discuss a recent site-registration practice called "kiting" and "tasting" that is generating much controversy. It involves the wholesale purchase of expired domain names, and the subsequent cancellation of most of them during a five-day "grace" period allowed as part of the process. If cancelled before the five days are up, the registration fee is fully refunded. Those who engage in this practice only keep the domain names that attract enough traffic to justify their registration fee, and proceed to "park" those sites and load them with pay-per-click ads.
"There's a whole discussion going on in the community about whether there should be anything done about this," Twomey said. "There are people who think this isn't an appropriate behaviour. Others think this is just the market at work."
Those opposed to "kiting" are suggesting that ICANN impose some sort of fee whenever a registration is cancelled before the grace period is over, a move they feel will discourage the practice.


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