> This is actually helpful as otherwise some person comes along and buys the domain and makes some crappy website on that domain and it is their pet project so they don't want to sell (or even worse they have no contact info available and the whois is protected).

That's BS. It's like saying that scalpers help bands, because only the most committed fans will pay the prices they charge. So their concerts will be more lively, and they will have more sells at the merch booths.

Btw, a mom and pop business will probably happily sell the domain at the price the scalper charges. So it's not that they're making anyone any favors.