How about nichesquatting? like cybersquatting. I think I just COINED my first phrase!!! If NICHESQUATTING ends up on WIKIPEDIA I will gladly take credit for it...lol. Is it a possibility with the less popular niches?
Well, one good thing is that if you squat and do not put any moderators in place, you will not earn any revenue. So, you have incentive to make sure you have some management in place for the niche. In addition, there an an annual fee to be paid to maintain the niche ownership.
Still, I think we do need to consider these sorts of potential issues longer term... and that is why the Tribunal and the Council will have a huge role in coming up with tweaks to the system as they warrant.
And potetialy (Maybe) there might be the opportunity to sell your Niche in the future.
Esspecially if you have changed your mind and its better that just sitting on it.
But that said even if you sit on it and do nothing you are holding it and your capital is tied up your capital that you would bid and have paid to get it. Very costly but we have to respect Private property or it will put into Jeopardy the whole system and value of niches even Narrative, if we just take it of them with force this has never worked in the past and has lead to much ruin for society : (
MrGoodsett remember Squatting or squatters and stealing someone else property for there own benefits. Aka theft. Founders are using there own capital to buy the property/niche. Not theft! Aka not niche squatting.
Typing to fast...I do mean SQUATTING!!! Thanks Harj.