Hacker News Reader

> No re-registration or change of any kind of the existing domains is necessary.

So who gets to own www.foobar, the owner of www.foobar.com, www.foobar.net, or www.foobar.org?

See the first paragraph of The Implementation section and the example of the proposed conversion.

foobar.com -> foobarcom

foobar.net -> foobarnet

foobar.org -> foobarorg

foobar goes to whoever registers it first