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Possible Solution for busting cybersquatters

Part of the problem of cybersquatters is the fault of Internic. The way the pricing structure of domain names has been set up is rife for abuse by cybersquatters, just as surely as leaving rotten food lying around encourages rats.

What happens is that instead of it being a fair setup where everyone pays the same, it's a bizarre situation which, if translated to the way airlines run, would be like having a policy of "Hijackers Travel Half-Price!". So whereas the honest person has to pay tens of dollars for a domain, the racketeers can buy the same domains for 32 cents.

How has this been allowed to happen? Originally the bulk-buying discount on domain names was so that reputable Internet Service Providers could get domains cheaper to resell. However, this makes nonsense when non-reputable agencies are allowed to buy domains in bulk.

To mend this situation would be simple. Internic could do this, just by making sure that domains at source were at a fixed price regardless of number. The changes could be made to take effect upon renewal of domains.

This simple act would eradicate much of the menace of widespread cybersquatting. The companies that are in the cybersquatting business often have tens of thousands or hundreds of thousands of misappropriated domains. By making them pay the same amount per domain that we the honest people have to pay, they would be put out of business. It is only because it is in effect a subsidised racket that allows it to continue.