Should expired domains be treated like abandoned or intellectual property? (1.Viewing)

Right now, when a domain expires, it enters a system that treats it basically like abandoned property. It gets auctioned, recycled, or picked up by whoever's fastest.
But a lot of people argue that domains, especially branded ones, feel more like intellectual property.

So what's the right way to think about it?
Should they have some kind of IP-style protection, even after expiration?
Where's the line between "fair market process"and "digital identity hijacking"?

If its intellectual property, just renew it. That's the safest and cheapest way to protect it if you think it is IP worth protecting.

When a domain name expires, it isn’t awarded by auction to whoever is fastest. For example, at NameSilo, the original owner still has a 30-day grace period to renew the domain, even if there are active bids on it.