Ok, this is my second alternative to the current domain name registration system. All domains are sold for 1 year at a time. At the end of each year, they are

Ok, this is my second alternative to the current domain name registration system. All domains are sold for 1 year at a time. At the end of each year, they are auctioned off to the highest bidder, with the exception of domains that are identical in name to a registered and established trademark, and is a .com (for for profit) or .org (for not-for-profit). The net proceeds from the auction go to the previous holder of the domain. If you hold a domain, and you win the bidding to keep it, that money goes to me in the form of walmart gift cards. Ok, why do it like this? Domain squatting becomes impossible. Since the domains are re-sold every year in an auction, buying domains becomes like buying stock options. Maybe you can make money on them, but you might lose money too, since there is no assurance that the bidder who wins one of your domains will bid as much as you did the previous year to get it. Also, since domains are bid in an auction, you can't wait until there is interest in some domain and then squeeze someone for everything you can get. If someone wants some domain you own, they bid for it. Unless you or someone else is willing to pay more to keep it, they get it for what they bid for it. If you have a trademark, you get to renew your domain that is identical in name to that trademark without bidding (you pay some fee, like is the current system). However, you have to acquire the domain somehow. If the car company wants nissan.com, they either have to convince the current owner to sell it to them, or they have to bid on it during it's yearly auction. Ok, this makes it seem like the current owner of nissan.com is going to get screwed, since he can't pay as much as the car company is willing to bid. However, nissan is likely to be willing to pay lots of money for that domain. Other bidders also know the car company is willing to pay a lot for the domain, and would be willing to buy it and then hold it for a year or privately sell it to the car company. However, nobody will pay more than they think they can get for it later. This system is purely awesome.