Like everyone said before changing the system wouldn't change anything nominet wants rid of drop catching and drop catchers this is a fine way to do it.
But it looks like the same cheats are at it again and even the people that wanted it are doing even better how odd..
Not necessarily. Dropcatchers and domain traders make up a significant percentage of the Nominet membership and vote and we've no plans to leave. The old management were taking the piss out of us and we banded together and booted them out, much to their surprise. The new management has gone to great lengths to reassure the membership that they wish to increase communication and trust between Nominet and its members.
If we can come together and tell Nominet that a significant chunk of the membership is not happy with the way some catchers are cheating and Nominet is failing to prevent it I think they will have to listen.