You would think a law would be put into effect to prevent this or at least curb it... it seems to be common practice. Getting a good domain name is nearly impossible anymore because of domain name squatters...
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There are plenty of domains as long as you dont mind an odd prefix on the end getting a dot com is near impossible but .tks are great and the fact that people rarely type the adress out now(thank you google) means you can get alot of domains if you arent to picky.
But it's totally legal as far as I can tell. The only way to wrench the site free that I'm aware of is to pony up the dough.
Actually, it does matter.. dot coms are first in searchable indexed sites and getting some oddball extension makes your sitename/brand much harder to remember.
You can't just type in say mydomain and not have it search for a dot com. It won't search for a tks, us, biz, whatever, it searchs dot com. So if it is mydomain.biz unless you type in the .biz it is going to search for mydomain.com and stop there since the domain is already taken.
Again, it falls back to the principle that squatting on a domain name and then charging 80% or more for the rights to the name is highway robbery.
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