Well the issue he's complaining about is that he/we used to be able to put in countless hours of effort each week to identify the small percentage of actually valuable domain names in the list, we would then place pre-TBR bids, and then IF that registrar caught the domain, we would get it at that price - no post-TBR auction. So we were rewarded for our efforts.
The current system allows people who didn't do the work to identify those top domains, to just simply jump into the auction after they see it must be valuable because its in auction. That's the issue. The registrars can target the domains based on the people placing the pre-TBR bids, leveraging our pre-TBR efforts to identify those domains, then they maximize their profits by exploiting our work. That's the crux of the issue
@DomainRecap is highlighting, and most old school domainers would likely agree with that perspective.
The only thing we can do is stop placing pre-TBR orders at those registrars - which I have done. But enough others still do it so that it doesn't matter.
There are really only 3 successful TBR registrars. WHC, Baremetal & Grape. You can mess around with some of the smaller ones, but 99% of the time your efforts are for nothing.
Baremetal and Grape have hybrid auction systems that recognize their customer's pre-bidding efforts in different ways. At Baremetal, they allows bids < $200 to act like the old-school system where your pre-TBR bids win it at that price. This is one opportunity where we can still sneak in some good domains under the radar. Any domains with multiple bids of $200 trigger the open post-TBR auctions - like WHC does.
Grape recognizes those pre-TBR bidders' efforts with a discount, while still putting the domains into an open post-TBR auction.
WHC just says screw it, we're successful enough, we don't need to make any concessions to those people doing the pre-TBR dirty work.
So smart domainers try and make use of the modified systems at Baremetal and Grape.
But it comes down to what you value more - your time or your money. You'll spend more at WHC, but you don't have to put in the effort. You'll get better deals at Baremetal or Grape, but you have to put in the effort to bid pre-TBR.