That sounds prohibitively expensive for things like news.yc (does this site produce money at all?), or my blog, or fark, or any other site that isn't backed by some sort of multi-million-dollar corp. and generating a couple million uniques a day (or more).
My prediction is that, especially at that cost, this will fail MISERABLY. .com will still remain the brand-name, and anything else will be a generic.
Similar to .net, .biz, .tv, .anything other than .com
What really needs to happen is for icann to have a review board that can determine if cyber-squatting is taking place or not.
The board needs to exist because a 16 year old sitting on theirname.com because they haven't bought hosting or anything yet, and a company that is sitting on a few hundred THOUSAND domains hoping to sell them are drastically different. I am perfectly fine with the former, and believe that the latter is a cancer on the DNS.
Basically their needs to be a terms of use that prohibits cyber-squatting.
$ ping news.yc
PING news.yc (174.132.225.106): 56 data bytes
64 bytes from 174.132.225.106: icmp_seq=0 ttl=47 time=204.946 ms
In fact if I was PG I'd deny access to any other host in the request headers .. that'll keep out the proles.Anyway, I think the new gTLD scheme will be a (qualified) success. Just not quite for everyone. But a lot of people will snap them up. http://www.ibm/ will be irresistable, and there's a lot of interest already from cities, etc (.paris, .roma, etc).
On the subject of domain squatting - all I wish they'd do is massively raise the prices on .coms. It is ridiculous for people to be able to squat on them for $7 a year. And if they are sold, or for sale, the owner should have to pay property tax at the sale price for the duration of his ownership.
I don't mind people owning and trading "investment grade" .coms - what I can't stand is people buying tens of thousands of the damn things and then just sitting on them because they're so cheap.
Combine that with, say, a price rise to $100/yr minimum charge per domain; that could include, say, hosting services or an ssh cert or something, the point is you cannot pay less than $100 per year per domain you own. That would hit the domainsquatting industry like a nuclear bomb.
It would be nice if ICANN or someone would shut down the big squatters though. Everyone knows what their pages look like, and who they are.
pinging news.yc doesn't resolve to anything on my openbsd, gentoo linux, or windows xp boxes.
I imagine that it won't on the default install (and using (normal DNS) of most any computer.
$ grep news.yc /etc/hosts
174.132.225.106 news.yc
Sorry for making you check! Actually I don't even use it, HN comes up even if I just press "h" in firefox.Hard to bite the hand that feeds you. (ICANN does get a big chunk of the reg/maintenance fees, right?)