One of the most popular and fast-emerging social networks is undoubtedly Facebook. Many individuals and businesses are using this network to keep in touch with friends or get their business known worldwide.
Whist Facebook carried a lot of advantages, many have noticed that it does not have a username authentication mechanism. In reality, those who want to register a Facebook account and login would use their email address and password rather than a standard username-password combination.
The news is that now Facebook, starting tomorrow 13th June at 6.01am CET, will be giving users the ability to register their own username. Whilst this is a great idea, I cannot imagine the chaos that there will be with people staying awake purely to register their desired domain.
Now you’re thinking, “who’s that crazy to stay awake to register a facebook username?” Well, prepare yourself to be surprised. Just imagine how many people have become rich by buying a .com domain name with the name of a company and then sold it to this same company for thousands (if not millions) of dollars!

Who will get to your username first?
I don’t want to sound harsh, but I think that Facebook is going to create a way for people to make money off its network without investing a penny. I sincerely hope that this doesn’t happen, but if this happens, you cannot say that you weren’t warned! One thing is for sure, I won’t be sating awake to register the GamSec domain – I leave it to the content to attract the audience!

If will be 2pm local time where I’m at so no need to stay up lol.
Also in Australia there are safe guards in place to prevent the .com.au domains being hoarded like .com was. The system is regulated and you need to prove that said domain name relates directly to your business with a great deal of evidence.
But anyway… your glorious GamSec is safe.
http://www.facebook.com/help/contact.php?show_form=username_rights
Thats good for you
If I wanted to get my domain I’ll have to wake up at 6:00 to make sure I get to it first.
I agree with you that there are some safeguards. In fact, most countries (as you mentioned .com.au) have the same safeguards. Facebook seems to stick to the Registration Name and Number – although not every business trademarks their name.
I think it has some workarounds, it all depends by what confirmations are done after submission.
[...] it seems to be a good idea even though I did mention a few hitches that might be encountered in a previous post – and quite frankly I am not convinced as to whether these flaws in the system were exploited [...]