Say you squat 100 co.za domains. This will cost you R5k per year.
Legal processes for applicants to get those domains back will cost whoever wants them R24k+.
It's thus safe to assume that you can comfortably sell each domain for R20k. Argument's sake, lets say you're a "nice" cybersquatter of "premium" domains - so you sell them for R10k each.
Out of 100, you only need to sell 1 every 2 years to break even. If you choose your names well, you can easily sell 13 a year. Guess what? That's a nice salary of R10k monthly in your pocket for the effort of exchanging a few emails. If you're smart you can easily earn R50k a month like this.
THE REGULATION MUST CHANGE.
Why is it legal for anyone to register multiple domains solely to resell them?
Why is it legal for anyone to register a domain and not use it - ie why is there no "use-it or lose-it" policy?
Why are we wasting the precious time of lawyers with this bull, when they can be fighting real crime?
We have all the technology in our hands to solve this. A simple process where a panel of ISPs have 51% of the say, in light of a 49% say at the hands of a facebook authenticated vote on a case, can solve each instance for less than the R50 yearly that registration requires.
Why do we allow squatters in cyberspace?
Are you a cybersquatter? Do you think it's a justified business model? Are you proud of your entrepreneurial savvy?
http://en.wikipedia.org/wiki/Cybersquatting
http://mybroadband.co.za/vb/showthread.php/234137-Cybersquatters-on-co-za-Uniforum
http://www.domaindisputes.co.za/content.php?tag=16
