Re:Ditch it (Score 1)

I like the auction idea. Not all TLD's are of equal value. Perhaps instead of a fixed price there should be a fixed minimum bid to cover costs and an auction of, say, 90 days to see who is willing to pay the most for the rights to control the new TLD. That should bring in enough revenue that the minimum bid could be brought down to a range that some smaller organizations could afford, like $1000.

Perhaps there should be an annual maintenance fee. How about 1% of the purchase price? If the fee is not paid the domain is re-auctioned to a new owner. I foresee problems with the new owner raising rates on sub-domain owners, either to milk them or to drive them away so the sub-domains can be re-sold... Not sure if/how I would propose controlling that.