Turns out “buying your name on the internet” was technically just renting a room in someone else’s last name.
In this case the registry itself (Verisign) was the owner of the second-level domain, and they most certainly shouldn't be allowed to just drop your registration whenever they please.
In this case the registry itself (Verisign) was the owner of the second-level domain, and they most certainly shouldn't be allowed to just drop your registration whenever they please.