I can attest to this fact. Many domain squatters sit on four, five and even six letter premium .com/.org./.net domains waiting for their payday that never comes

I can attest to this fact. Many domain squatters sit on four, five and even six letter premium .com/.org./.net domains waiting for their payday that never comes because no one will ever pay that much money when the alternative is to use another domain name. And of the people that CAN pay that money, what happens is they send a notice of their newly-established IP being used in a domain and they get it with the help of the registrar. It's ridiculous to expect a person pay $1000+ for a domain when they go 'oh, we'll just use another domain name!' People are dumb. edit: spelling