They are operationally useless, yes. However, they are not meant to be operationally useful. They are meant to be vehicles for extracting money from domainers

They are operationally useless, yes. However, they are not meant to be operationally useful. They are meant to be vehicles for extracting money from domainers. So yeah, something useless is getting sold to "investors" - what else is new? and in this case, it takes money from those "investors" that would otherwise be used squatting on useful .com and .net domains, causing those of us who actually want to /use/ a domain to use longer and less-memorable names. So, as far as I'm concerned, this is a net win.