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by prickledpear 2696 days ago
The idea is that if I'm a startup that owns google-disruptor.com, I have to declare a value for that domain name (let's say $100,000), and pay a percentage of that value as a tax. I'm then obligated to sell the domain to anyone who is willing to pay $100,000. This prevents me from undervaluing the domain.

Since Google has a much larger bankroll than me, they can purchase the domain for $100,000, and revalue the domain at $500,000 -- out of my price range.

2 comments

Since Google has a much larger bankroll than you, if they decided that they wanted prickledpear.com, wouldn't you have to sell it to them, or any other party with deep enough pockets?
Yes, that is the problem I mentioned in the original comment that I'm not sure how to solve :)
So as a competitor to Google with $1000 in my pocket, Google could domain-snipe me out of existence, legally, for $1001 dollars?