And if you buy a condo at a Phuket beach in Thailand, and a tsunami comes, your condo is wiped from the face of the earth. Assess the risk for yourself and decide if its worth the risk.......
There's a thing called "Insurance". If someone burns my condo down, they are held liable. Tsunami or arson, my condo is gone. In both cases I've lost my condo to no fault of my own, but I have some recourse in both cases.
I guess we should just bend over and except it when we get screwed over by companies then shouldn't we? No.
Because there is risk in everything we do, companies shouldn't be held liable at all because we know there are risks? No.
The question is whether ICANN will setup some sort of organization to run existing domains on failed TLDs
I can answer that....no they won't! Why set up an org or business that runs failures? It won't happen ever.
I'm
sounding the alarm that this type of stuff can and will happen. If you don't want to think that it can't, that is up to you. Everyone can stick their head in the sand if they want. I like to have my eyes and ears open and my head on a swivel.
We need to stand together so when it does, we know what actions to take or things to avoid.
ICANN and the registries don't have our best interest in mind! People on here are really the only ones helping each other by pointing out things to be aware of. We are the only ones promoting gtlds or bringing up concerns regarding them.
The registries don't promote the gtlds and lie about the registrations. They would never tell us that there is a problem with the business. They just lower initial reg fees to get you to buy more or they raise the renewal fees to get you to pay more for the assets you already have.
It's
easy to say "Yes the gtlds are awesome and we should all go empty our bank accounts to buy them up."
It's
hard to voice any concerns we have regarding the new gtlds or registries because people that have invested a lot in them are fighting back against any concerns that are brought to the front lines.
I'll keep up the fight regardless and always be looking out for my fellow domainers. Everyone on here should be doing the same. It only helps us, it also helps the business/registries by keeping them in good practice. If they fail, we will fail along with them.