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EURid press release:
Just before .eu names launched, I posted about how the Domain Pests would buy all and everything, severely hindering ordinary folk from obtaining a useful name. The majority of replies to my post actually supported such activity!
Now I'm much happier :)
In brutal financial terms:
400 phantom registrars * 10000 Euros = 4 Million Euros.
That's about US $5M.
However other phantom registrars still exist and action has not been taken against them yet. But I would guess that they are getting very nervous about now.