By your logic the evolution of the internet would forever stagnate because developers would be stuck reserving an infinite amount of tlds that keep on popping up, it's just unrealistic and not pragmatic. reserving 100k of the most popular domains is a good faith effort and a pragmatic solution.
And if you want to talk about fairness let's first start talking about the corruption of ICANN[0][1][2] before criticizing emerging solutions.
[0] https://www.theguardian.com/technology/2015/sep/21/icann-int...
[1] https://www.politico.com/news/2022/04/09/website-domain-more...
[2] https://circleid.com/posts/20210413-insult-and-injury-of-us-...
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