"The first one means this is a name of a private host on a private
network that may or may not access the Internet."

If host is on a "private" network address space such as the 10., or 172.16.,
or 192.168. It is not accessible from the internet because these addresses
are not capable of being routed to from internet routers. You can provide
internet "access" to a privately addressed host via NAT, but they're are not
"unique" hosts on the internet. That uniqueness provided by unique ip
address. So I'm not sure what the point of knowing what the name of a
private host on a private network is if I can't get to it from the public
internet...

"The fourth, NetJapan, means on the Internet in Japan. "The fifth, NetUS,
means on the Internet in the United States naturally."

Country codes already exist.

The point of DNS is to provide a common, meaningful, easy to remember
"vanity" name to a unique 32-bit numerical address within a TLD name space
such as .com, .net, .org. This system was designed for commercial businesses
and organizations and not for every one of the 6 billion people on this
planet to have their own unique domain name.

There is a .name domain for this. Albeit there's not 6 billion unique names
in the world either...
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