Risks of new ICANN gTLDs

[W]hat if the name was created by an open source community, without the financial resources to mount a challenge? I have some standing there, because I played a role in establishing blogs. How does Google get the right to capture all the goodwill generated in the word blog?

Dave Winer quoted in Giga Om on the risks inherent to corporate use of generic words in new ICANN gTLDs

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