TECHNOLOGY: dot com name gets jumped and “tasted”

I sought to register “technologyforbusiness” dot com. BLUEHOST reported it “available”. So I was proceeding to close on it. Your system reset? And, now it’s not available. From my 1and1 account I see it’s for sale for 1288$. Please explain?

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Bottom line: The interest in the domain trigger a bot at one of the Domain Register that “seized” it. Domain Registrars are allow to reserve, or “taste”, domain names without paying for them for a week. It’s basically fraud. It was intended to allow registrars to hold the name while the applicant completed the transactions. Now it’s used to “front run”. On Wall Street, a trader would go to jail. On the internet, it’s a profit center.

Argh!

The laugh is that I don’t need the name!

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