this post was submitted on 11 Feb 2025
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(It's a joke/reference, I guess it's not 100% known though. My bad.)
I really do hate "I know what I have so you are going to pay whatever number I set" capitalism though, which is what they do here. These registrars figured out a loophole around the redemption grace period and are, from the start, set up to make you lose the domain and then spend significant money on a completely unfair auction where they have the power to plant fake bids, rather than paying the usual static redemption fees that aren't that excessive.
Yes... but the meme doesn't work if said practice is barely on the scale.
Because yeah, there are some REALLY sketchy registrars. Working with the "reputable" ones and now taking advantage of a nation's country code for the lulz (see: .ml) keeps you pretty safe.