Canadian Judge Rules Domain Names Are Property 142
farrellj writes "A recent decision in the Ontario Appeals court has ruled in favour of Tucows, saying that domain names are considered property, rather than being a license. This has major ramifications for a people both inside and outside Canada, doubly so since Tucows is a major domain registrar. This ruling comes from a very high court, which means that any appeal must go to the Supreme Court of Canada. So there is a good chance this ruling will stand."
Re:cool story bro (Score:5, Insightful)
but what sort of effect would such a ruling have? ie: why the fuck should we care?
Well, among other minor matters, it would tend to suggest that your registrar is more in the position of a landlord than of a software-licensor(ie. he doesn't have complete power to fuck you over arbitrarily) and it would also tend to suggest that your friendly local feds would be bound by whatever pitiful shreds of procedural protection govern seizing property, rather than something even weaker...
Re:So who owns it? (Score:5, Insightful)
Why do we need liquidity for domain names?
Property in Canada (Score:5, Insightful)
Re:So who owns it? (Score:5, Insightful)
That's completely untrue. You need some speculators in the stock market because there's a lot of businesses that need the proceeds of stock sales before they're a reliable bet and during times of risk.
But this is a completely different matter. Domain names are for the purpose of not having to type an IP address in to access a site. Having people licensing sites with no intention of using the site does nothing helpful.
As for the ruling, as much as I typically like to see people sticking it to corporations this was an idiotic court decision that will have real consequences in the long term. If you're now the owner of a particular domain, that means that there is no way that the registration can be stripped or a means of a registrar seizing the domain if payment is withheld.