Hacker News new | ask | show | jobs
by retube 5177 days ago
HFT: provides liquidity and increases market efficiency (suppresses pricing inconsistencies) Domain squatting: allows market to set the value of a domain.

Not sure what's wrong with either of these, or why they are any worse than any other business that seeks to take advantage of market inefficiencies or speculate on asset prices (after all, most businesses are some combination of the two)
1 comments
andrewfelix 5177 days ago
> allows market to set the value of a domain

By holding it hostage and waiting for the highest bidder?

link
SamReidHughes 5177 days ago
Yes. That way the person who would use the domain more efficiently is more likely to get it. Remember that domains are not people, they're property, and it's okay to hold your own property hostage.
link