Registering domains names for Bank of America/Merrill Lynch is moronic.
Listing them on ebay is even more moronic and the sign of a complete amateur.
Look at the completed listing on ebay for domains, they never sell for more than a few dollars.
There's also a big security issue with spoofing a bank by having a domain name with it's name in it that could be used for phising. Very stupid.
However it's one thing when there are existing registered trademarks but I am tired of generic complaints about "cybersquatting" when one of the two things happens:
1. someone lets a domain name lapse for FOURTY FIVE days (that's how long it takes to drop) and someone else registers it - that's not cybersquatting just because you used it - you neglected it beyond the terms of your lease, it's not yours anymore. What do you think would happen to your car if you didn't pay the bill for 45 days?
2. some moronic business announces they are going to make/buy/create a product XYZ in the world news which they have planned for months, yet have not patented or trademarked it and they don't secure all they need to manage it (which includes online assests) and they don't register XYZ.com
If McDonalds went on your local TV station and announced they were going to build a new location a block away from you, and you walk down to the block that's empty and see that they have not even bought the property yet, do you:
1. say OH, I better help out the Fortune 500 company and tell them they haven't bought the assets they need yet for their highly profitable growth
2. I better buy the property and give it to them at cost since they already announced what they want to do - just saying what they want gives them ownership in the capitalistic business world
3. Buy the property yourself and let them either pick another property or sell it to them at a markup
Seriously, which one of the three? Are you a mean squatter or a clever speculator if you buy it?
Most domains cost less than $10 to register - what's the excuse for a multi-BILLION dollar company not to secure an asset? Ignorance? It's 2008, not 1998.
You can do TEN YEAR registrations for $65-70 (or less) these days. If your domain name is that important to you and you have $70, register it that long. Domain renewal prices are scheduled to go up every year, you'll save at least $20 over ten years, maybe more, not to mention it's one less thing to worry about.
[edited by: amznVibe at 5:24 am (utc) on Sep. 20, 2008]