I think extending the number of Top Level Domains is a bad Idea since all companies
than can afford it will register in all domains. It is a scam for ICAN members to
make money out of the thin air leaving the weaker without protection.It could
be interesting to see how many of the Domain names really were in use or just put
up on an auction somewhere. It is ok to have a domain name reserved while you build
the company, but to buy it without intention to use it because you want to sell it
or even use it for blackmail is behaviour that should be stopped.
How to stop it?
Hmmm... Raising the prices is probably not the solution because it hits everyone
making non-commercial solutions. Good ideas wanted. One solution could be to close
down all the auction sites like afternic and/or make reselling of domain names illegal
unless certain conditions is present.