Domain Squatting has a specific legal definition, so I think very little can be done about that. "using an Internet domain name with bad faith intent to profit

Domain Squatting has a specific legal definition, so I think very little can be done about that. "using an Internet domain name with bad faith intent to profit from the goodwill of a trademark belonging to someone else". Essentially, this is only something you can enforce if you trademark something and someone takes a domain name after you trademarked it. I think we need a new term for what is going on - "Domain Scalping", wherein speculators buy up countless domains hoping to resell them for hundreds or thousands of dollars. Scalping is a better term because that's exactly what they're doing - buying an address and preventing anyone else from using it unless you pay them.