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As you said: back in 2000.... It's 2004 now, good luck finding a nice unregistered domain...
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Every month I register about 300-500, many good ones.
A friend of mine came up with an idea about eight months ago, registered a bunch of free domains, and today they make over 1k/day.
I found out about this by myself 3 months ago and since then, spent about 5k on free names and make about 5k/month on this new package now.
Good domains are out there every day of the week if you know what you're doing.