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by rob_b 2669 days ago
That is a completely inept comparison. Domain squatting serves no purpose other than lining the owner’s pockets in what many would consider an unethical manner. Domain names are finite and cannot be replaced as a manufactured product can. A more accurate comparison would be buying every lot of land in an area, another finite resource, without any intention to use the land for yourself with the only goal of then marking it up significantly to milk a potential purchaser without adding any value to the transaction.
1 comments

I know of an owner of a grocery store in a small town where I used to live, he bought a few lots of land here and there in the surrounding area such that there wasn't any contigous area big enough for a competing store to be.

It was a small town of maybe 500 people, and the nearest city was 6 miles away.

I’m not too sure which one I would consider worse. That approach would be similar to buying every desirable domain containing a certain keyword when you operate within the same market. I personally believe the way to beat out competitors in a market is by the quality of service and value added, not by utilizing an artificial barrier that prevents anyone else from entering. I can understand his approach even if I don’t necessarily agree with it. Although, I also believe that competition is better for any market.