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by prickledpear
2696 days ago
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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. |
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