The fundamental one is your insistence on "value." Where is that requirement? How do you define value? If I want 'dalke-email.com' as an email for me and my friends, without a web server or any attached business, then is that sufficient value? What about 'dalke-cat.com', a memorial site in memory of my cat - if a business wants the name, does it get priority over a site that no one else visits?
Assume I have a new-born child named 'Kelly', and buy the domain name 'kellydalke.com', so that I can transfer it a a birthday present in 18 years. Is that value? To you, no, but to me, absolutely yes.
How should the arbitration organization determine things? If your stealth-mode company takes too long to be public, can your domain name be taken away because it hasn't yet contributed value?