This sounds like something that could be easily exploited - search for a bunch of nonsense domains on godaddy, let them register every one of them, at some poin

This sounds like something that could be easily exploited - search for a bunch of nonsense domains on godaddy, let them register every one of them, at some point that becomes unprofitable. Use the xkcd algorithm - horse-battery-staple.com, parrot-bananna-nachos.com, dog-cat-chicken.com, etc. Even if they only pay a couple dollars each it becomes unprofitable at some point. Front running domains used to be a widespread practice but I thought it was abolished at some point before all the new TLDs were added.