Why should i pay for registering a domain name?

[Jake]

There are administrative costs involved in insuring that you are the only one in the world using a particular name, as well as making some effort to document the domain owner.

There are been free domain names available, but the easy to get and poorly managed domains have been associated with a high incidence of fraud, bad enough that Google removed all 11 million .cc.co sites from their index.

I am troubled y some domain name speculators who bought up valuable names early in the game, some of which that have resold for millions of dollars.