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<TITLE>RE: IPV4 as a Commodity for Profit</TITLE>
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<P><FONT SIZE=2>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="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="mailto:brandon.galbraith@gmail.com">mailto:brandon.galbraith@gmail.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 <Rod.Beck@hiberniaatlantic.com> wrote:<BR>
<BR>
> <snip><BR>
><BR>
Markets have proven to be excellent mechanisms for allocating resources<BR>
> fairness is a distinct issue) and might be the medication required given the<BR>
> apparent hoarding of IP addresses.<BR>
><BR>
> Nor is the trading of IP addresses inconsistent with ARIN ownership.<BR>
><BR>
> Regards,<BR>
><BR>
> Roderick S. Beck<BR>
><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 "IP day traders"?<BR>
<BR>
-brandon<BR>
<BR>
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