peertech.org -> localhost ?

[Michael ODonnell]

I was housecleaning a collection of moldy old URLs and
was befuddled when, after asking my browser to fetch

   http://www.peertech.org/

...I was presented with the default page from the WWW
server on my own machine.  WTF?  But then I notice that
the DNS is in fact resolving that address to 127.0.0.1
which, at least in my experience, seems weird.

Is this in fact some sort of normal situation, like maybe
that's the standard way a dormant domain gets "parked" ?

Just morbid curiosity...