[sdtsui]

> I can't imagine using a DNS registrar that made me wait 5 days to discover whether or not I got to have the domain, or that made me guess how much it would cost at the risk of losing the entire domain.

That's fair - may help to compare this with the current tld system, not just the regular domains (x.com). Right now, getting a new tld takes months and a six figure investment. Here it is 5+ days.

After that tld is claimed, it's up to the owner to administer it and make a profit on selling the names, or not.