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The guy who wrote the blog is a "domainer".
That sums it up right there.
There is a never ending supply of TLDs that can be created out of thin air.
I understand dot com is and has been the one that people recognize the one that gets type ins and the one that is desired.
I also see more and more businesses who aren't afraid to use a dot net or dot biz for branding and the more businesses who go this route the more surfers will begin to recognize the other TLDs.
The value of a dot com as with anything can be priced out of range where a substitute is the better chose.
Its all based upon the greater fool theory - the value is there as long as someone is willing to pay that amount. When the value exceeds this point the greatest fool is stuck with the object
domainers can continue to sit on domains and trade them amongst each other and this practice has worked and will continue to work for the foreseeable future.
This practice will not last forever though because you'll eventually price the domain to the point where nobody is willing to pay what you have paid.
This is how it works with all things.
This is how bubbles are formed.
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