Shame to personalise it, don't you think?

He's just arbitraging. If "the system" leaves gaps across which you can trade for a 300% profit, then people will inevitably trade across those gaps and take the profit. Those people aren't bad people for doing that.

If there's something to hate here, it's the system. The domain market is a very peculiar market. ICANN is a very odd organisation.

Like many things in life: hedge funds, renters, land as an investment. At the same time I'm sure some domains expire just because they're not used anymore. Sometimes I find it useful some guy hoarded it to sell for a small fee because they saw its value. The domains might have been harder to buy from some smaller mom and pop that grounded all their links to that domain.

Imagine how many awesome businesses we could have, if not all of the computer.com insurance.com etc would be squatted.