According to this new agreement, Verisign will be allowed to increase the wholesale price to registrars for .COM domains every year for 8 out of the next 10 years, and the increases don’t stop there.

This will mean that .COM wholesale domain prices can grow by more than 70% over and above current prices over the next decade. The contract also allows for other price increases, which could drive prices up further, ultimately making .COM domains less accessible and more expensive for everybody.

I am voicing my opposition to this amendment because it is likely to increase my domain renewal costs over the years.  I want to contribute to the worldwide online community, but I also must keep a budget for my real-world costs, and the latter will come first for me.

Attempts to increase the costs of domains will not net more profits for you, rather they will cause me to constrict my domain holdings and, in general, exercise more caution before committing to new domain stewardship — CUTTING into your profits.