Lowball offers on LLL .com domains now a crime
A new domain law that is part of the Obama healthcare plan has been passed; the Supreme Court’s unanimous decision on the “Obamacare” plan has now set things in stone.
Provision 23.c of the Healthcare for all Americans states the following:
“[...] Monetary offers in exchange for established three letter (LLL) dot com domain names, when made in public or private to an amount substantially below the fair market value [...] shall be deemed illegal and malicious, as an intention to artificially devaluate the said domain names [...] and are punishable for up to eighteen months as a class C misdemeanor, or a fine of up to $25,000 or both.”
The new law attempts to lower the number of lowball offers made by time-wasters towards LLL .com domains.
Quite often, such individuals offer $2,000 or even less for three letter dot com domains registered before 2000, thus insulting the business plan and intelligence of seasoned domain investors that own them.
President Barack Obama is known to be a believer in promoting new technologies and rewarding investment and he’s the Democrat candidate for the presidency at the end of 2012.