Even though this decision is way too controversial, I welcome it because (1) it's more democratic and (2) the old situation with limited TLDs can't be justified

Even though this decision is way too controversial, I welcome it because (1) it's more democratic and (2) the old situation with limited TLDs can't be justified. One problem with the existing domain name system is that it failed to provide strict delegation of names the way digital certification does, for example, or the way the IP address delegation works. So why bother having a limited set of TLD's at all? In fact, USENET's hierarchy has always been more open in this regard and needless to say, it worked. I just hope they'll preserve .local and I don't care about the rest. We'll surely remember the good names (reddit.com, slashdot.org, etc) the way we remember good USENET groups, and will leave the rest to the search engines.