14 DAY TRIAL // As you might have noticed, the Internet can give one person a lot of money making options. It ensures communication and it is a great market for just about anything. You can buy a lot of stuff on the Net, from drugs and weapons to fluffy bunnies and chocolate. There is a lot of stuff sold over the Internet and some people choose to buy something on the web and sell the exact same thing for a higher price to a more gullible person. Nobody can do anything to these individuals, because this is just basic commerce. And there's another thing - some products are unique, that's why a lot of people pay a lot of money to buy them, especially if those unique products are really useful. Of course, some people have made the most of this.
One of these unique products is domain names. Some people go ahead and buy domains because some firms or other people are eventually going to want those. Of course, they are not going to keep the domain for themselves, but sell it for a high price. This thing is called cybersquatting - illegal in some states, but not yet outlawed in many. Thing is, the law does not curb the number of domains that one may own, that's why a Chinese woman by the name of Zheng Qingyin had registered about 10.000 .eu domain names. Wow! Huge number! In any case, they have been suspended by EURid, which is a Belgium-based registry for .eu domain names.
The woman has sued them and now wants her domains back, because after all, it's her right to buy as many domains as she likes. Unfortunately, there is not much that can be done against the cybersquatter, but it is simply unjust for people to be unable to buy the domains that they want, just because someone else snatched them.