I'm afraid it would do nothing to eliminate the trademark hawks descending on some poor schmuck who had Cocacola.foo or networksolutions.sucks.
I think the only way to have a domain hierarchy that has any chance of being immune to the whims of corporations and lawyers, is to establish one expressly for non-commercial use. If the name is not used in trade, then it can hardly be confused with the holder of a trademark resembling that name.
I had the thought at one time, that if ICANN, or whatever body that governs the domain name system, would only open up the whole "." domain to all comers, they could in one stroke, stop the gold rush mentality and domain campers by insisting that only trademarks could be registered under ".", and that as a condition of this restriction, 2nd level and lower order domains would never be considered to infringe based solely on the fact that the name exists. Let me explain -
Cocacola.com could be owned by any individual or entity, to do with as he pleases, so long as he wasn't selling soda pop, and wasn't representing himself as that beverage company. This is the same criteria for infringement as we have in meatspace. Only if he held "cocacola." could the mere fact that he holds it be considered infringing. And since Cocacola owns the trademark on their name, they would be the only ones who could lay claim to cocacola., and so they would be the only ones whose website could answer to http://www.cocacola/.
But it makes to much freakin' sense to ever happen in the real world.
just roll a fatty
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