So I guess your take is that speculators help price goods optimally. And I'm assuming this can be construed as good for society, because value is created, and i

So I guess your take is that speculators help price goods optimally. And I'm assuming this can be construed as good for society, because value is created, and in most cases, appropriately taxed. Fine - I'll work with that model. It seems to me nevertheless that for domains that system is suboptimal in itself. Although I take it that parkers are better than non-specialized agents at pricing domains, and that they may create more value than charging a $7 flat fee, I doubt that their pricing systems are dynamic and sophisticated enough, and therefore a lot of value goes uncaptured. I see a lot of them simply charge domains at ~$6,000, without accepting lower bids, so for all we know there is a few dozen million domains that could've gone for anywhere between $7 and $5,999.99 that will never see the light of day...