Cybersquatting (also known as domain squatting) is the practice of registering, trafficking in, or using an Internet domain name, with bad faith intent to profit from the goodwill of a trademark belonging to someone else.
Registering, trafficking in, or using an Internet domain name with bad faith intent to profit from the goodwill of a trademark belonging to someone else, is illegal.
Cybersquatting has been discussed continuously in recent days.
Not only is the practice illegal under the Anticybersquatting Consumer Protection Act (ACPA), but is generally frowned upon by the wider community.
Individuals who register ENS domain names with no plan of using those domain names are inhibiting the adoption of Ethereum and ENS, and not serving a purpose or adding any type of value.
I propose to ban the discussion of Cybersquatting within the 10k Club, as I believe the club should be used to promote and encourage the intended use of ENS. Cybersquatting does not encourage meaningful discussion around ENS and "10k club" in particular; they are mostly used for shilling very particular domains to a greater fool.
“We are explicitly anti-squatting, and we have been for years. We think people saying, ‘I’m gonna get the celebrity and brand dot-eth names, and I’m gonna hold out for millions,’ we think that’s dumb,” Brantly Millegan, the director of operations for ENS domains,
“It’s just extortion — it’s just pure extortion.”