Wrong. Suggested reading... ICANN | ICANN-Accredited Registrars InterNIC | Domain Name System FAQs ...also it would be businesses fighting over "helloworld.travel" not "www.helloworld.travel" if we are getting nit picky.
I'm not wrong, because I have ran my own hosting company in the past. I am a network administrator/developer and I fully understand how this will work. To be "nit-picky", you must have assumed that I didn't know that www (or html_doc) was a sub-domain. It would not matter... If one company bought "HelloWorld.travel", another company couldn't. They couldn't even have "theirname.hellowworld.travel" unless the comapny that owns "HelloWorld.travel" created an A record for the sub-domain "theirname.helloworld.travel"... I see what's going on here though you are right in some ways, since GoDaddy just closed .me to the public.
The idea we are talking about is company x becomes the registry holder for the TLD .ebay even though they have no affliation with ebay. They then decide that they will not register any domains for the company ebay and instead register people who hate ebay or who run competitive websites to ebay or some variation of this. No one here is arguing the structure of DNS. We are talking TLDs. Under the proposed new system, any tom, dick, or harry could go and make a new TLD. There is no way ICANN could police all possible TLD's to make sure things like the ebay example don't happen.
No but almost every company in any developed country could, down to and including a mom and pop corner store, and since THATS MY FUCKING CONCERN, companys misuse of owned TLDs seems a little likely don't it? Dumbass.