Also: Note that I said we should argue about the value of $X. I did not at all imply that $X should be such that "only the rich" have access to the ability to purchase a domain. That said, people spend $1200 annually for cell phone service, which I think we can draw comparisons between and DNS. If a person pays $1200 a year for a number they can be reached at through the POTS, is it unreasonable to expect them to pay $X (which we still haven't defined, simply said should be higher than $10) to be reachable on the Internet?
And this is the problem is pricing global product and/or services; what's reasonable in a market like the US is prohibitively expensive in many others.
Not really. Looks like the namespace is big enough for all of us. Your post made me curious how crowded the .com space really is and within 30s of trying, I found this free gem: notrichbuthappy.com Nothing wrong with it for a blog, right?