[102505] in North American Network Operators' Group

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RE: IPV4 as a Commodity for Profit

daemon@ATHENA.MIT.EDU (Rod Beck)
Mon Feb 18 12:48:36 2008

Date: Mon, 18 Feb 2008 17:30:06 -0000
From: "Rod Beck" <Rod.Beck@hiberniaatlantic.com>
To: "Brandon Galbraith" <brandon.galbraith@gmail.com>
Cc: "John Lee" <John@internetassociatesllc.com>,
        "Raymond Macharia" <raymond@accesskenya.com>,
        "NANOG list" <nanog@nanog.org>
Errors-To: owner-nanog@merit.edu


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Hi Brand,=20

You want some speculators to create liquidity. At the same time you want =
to avoid the excessive trading that leads to speculative bubbles, =
whether is the equity bubble of 2000 or the real estate bubble of 2007.=20

I think the answer is that you need the ability to impose a transaction =
tax. For example, there is no real estate bubble in France because the =
one time costs of buying and selling are quite high.=20

A transaction tax would discourage excessive trading.=20

Bear in mind that I have devoted zero time to thinking how to construct =
such a market. :)

Roderick S. Beck
Director of European Sales
Hibernia Atlantic
1, Passage du Chantier, 75012 Paris
http://www.hiberniaatlantic.com
Wireless: 1-212-444-8829.=20
Landline: 33-1-4346-3209.
French Wireless: 33-6-14-33-48-97.
AOL Messenger: GlobalBandwidth
rod.beck@hiberniaatlantic.com
rodbeck@erols.com
``Unthinking respect for authority is the greatest enemy of truth.'' =
Albert Einstein.=20



-----Original Message-----
From: Brandon Galbraith [mailto:brandon.galbraith@gmail.com]
Sent: Mon 2/18/2008 5:18 PM
To: Rod Beck
Cc: John Lee; Raymond Macharia; NANOG list
Subject: Re: IPV4 as a Commodity for Profit
=20
On Feb 18, 2008 11:05 AM, Rod Beck <Rod.Beck@hiberniaatlantic.com> =
wrote:

>  <snip>
>
Markets have proven to be excellent mechanisms for allocating resources
> fairness is a distinct issue) and might be the medication required =
given the
> apparent hoarding of IP addresses.
>
> Nor is the trading of IP addresses inconsistent with ARIN ownership.
>
> Regards,
>
> Roderick S. Beck
>
Markets have a history of efficiently allocating resources, this much is
true. My concern is when IP allocations are based on fiscal merit =
instead of
technical merit. Also, don't forget speculators within a market. Do you
really want the price of IP blocks bid up by "IP day traders"?

-brandon


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<P><FONT SIZE=3D2>Hi Brand,<BR>
<BR>
You want some speculators to create liquidity. At the same time you want =
to avoid the excessive trading that leads to speculative bubbles, =
whether is the equity bubble of 2000 or the real estate bubble of =
2007.<BR>
<BR>
I think the answer is that you need the ability to impose a transaction =
tax. For example, there is no real estate bubble in France because the =
one time costs of buying and selling are quite high.<BR>
<BR>
A transaction tax would discourage excessive trading.<BR>
<BR>
Bear in mind that I have devoted zero time to thinking how to construct =
such a market. :)<BR>
<BR>
Roderick S. Beck<BR>
Director of European Sales<BR>
Hibernia Atlantic<BR>
1, Passage du Chantier, 75012 Paris<BR>
<A =
HREF=3D"http://www.hiberniaatlantic.com">http://www.hiberniaatlantic.com<=
/A><BR>
Wireless: 1-212-444-8829.<BR>
Landline: 33-1-4346-3209.<BR>
French Wireless: 33-6-14-33-48-97.<BR>
AOL Messenger: GlobalBandwidth<BR>
rod.beck@hiberniaatlantic.com<BR>
rodbeck@erols.com<BR>
``Unthinking respect for authority is the greatest enemy of truth.'' =
Albert Einstein.<BR>
<BR>
<BR>
<BR>
-----Original Message-----<BR>
From: Brandon Galbraith [<A =
HREF=3D"mailto:brandon.galbraith@gmail.com">mailto:brandon.galbraith@gmai=
l.com</A>]<BR>
Sent: Mon 2/18/2008 5:18 PM<BR>
To: Rod Beck<BR>
Cc: John Lee; Raymond Macharia; NANOG list<BR>
Subject: Re: IPV4 as a Commodity for Profit<BR>
<BR>
On Feb 18, 2008 11:05 AM, Rod Beck &lt;Rod.Beck@hiberniaatlantic.com&gt; =
wrote:<BR>
<BR>
&gt;&nbsp; &lt;snip&gt;<BR>
&gt;<BR>
Markets have proven to be excellent mechanisms for allocating =
resources<BR>
&gt; fairness is a distinct issue) and might be the medication required =
given the<BR>
&gt; apparent hoarding of IP addresses.<BR>
&gt;<BR>
&gt; Nor is the trading of IP addresses inconsistent with ARIN =
ownership.<BR>
&gt;<BR>
&gt; Regards,<BR>
&gt;<BR>
&gt; Roderick S. Beck<BR>
&gt;<BR>
Markets have a history of efficiently allocating resources, this much =
is<BR>
true. My concern is when IP allocations are based on fiscal merit =
instead of<BR>
technical merit. Also, don't forget speculators within a market. Do =
you<BR>
really want the price of IP blocks bid up by &quot;IP day =
traders&quot;?<BR>
<BR>
-brandon<BR>
<BR>
</FONT>
</P>

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