Suppose you owned '1'. Now you can set up 127.0.0.1 ...
A plan to populate the internet with hundreds or thousands of new top-level domains has security researchers pondering some of the unintended consequences that could be exploited by online criminals. Some of the scenarios aren't pretty.?
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Source: http://go.theregister.com/feed/www.theregister.co.uk/2011/07/04/dotless_domain_security/
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