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What scares me is that you can now rent domains names you don't own from squatters

So you're now paying monthly money on a name you don't own which you wouldn't own anyway.

I met the founder of a company who claimed they at one point owned every 3 letter .com domain they could get their hands on. Claims they had around 5000 of them (17576 total), and about a 100 2 letter domains. They had trouble figuring out what to do with them so they let them expire.

After working with them for a few years I believe this story, and especially the part they weren’t competent enough to know what they really had at the time.

Wow I'm 1/456,976!
You're 1/1,679,616 (36^4 = /[a-z0-9]{4}/) ... 456,976 is 26^4 or /[a-z]{4}/

I wonder if we could colab on a track.