[polarized]

Maybe but things like domain squatting and the inability to shut down domains pointing to illegal or controversial sites is likely to be quite controversial.

[DennisP]

I think the inability to shut down domains is the main point. (And quite a good one, in my opinion.)

[hollerith]

Good point. If I'd designed this, I would have considered restricting the name space to strings of digits to avoid the opprobrium when some domain-name speculator holds redcross.bit or teachforamerica.bit hostage.