Karl,

On Jun 7, 2022, at 8:19 PM, Karl Kloppenborg via apnic-transfers 
<apnic-transfers@apnic.net> wrote:
> The fact of the matter is, why are leases and auctions even a thing?

I suspect leases are a thing for the same reason people rent apartments instead 
of buying houses: sometimes you don’t have the money to buy something outright 
and/or you do not anticipate your needs to be permanent. Auctions are a thing 
because a strong demand for IPv4 addresses remains and those that have 
allocated-but-unused IPv4 addresses want to maximize their profits when they 
sell their address space (for good or ill).

> If you don’t need the resource anymore, doing the right thing and handing it 
> back allows companies like myself to be able to continue operating

> and pushes further the move to IPv6.

I’m unclear how returning allocated but unused IPv4 addresses to the RIRs for 
subsequent reallocation would “further the move to IPv6”.

> We simply don’t have the funds to participate in auctions and frankly, we 
> shouldn’t have too.
> 
> It is a failure of NIC’ registrars around the world that they’ve forgone the 
> push to IPv6 and instead made a pay-to-play, everyone for themselves 
> environment where only the wealthy and large carriers can play.

I would be _very_ surprised if the RIRs and/or NIRs (whom I presume you mean 
when you say “NIC’ registrars”) have stopped pushing IPv6.  I suspect the 
opposite is the case.

> The fact that companies like IPv4-Auctions, IPv4-Vault, IPTrading, etc even 
> exist underscore just how disgusting this system has become.

I believe they, and the market that underlies them, are a natural outcome of 
the demand for IPv4 addresses overwhelming the supply.  It is precisely because 
of the market that organizations that had obtained vast amounts of address 
space which has remained unused for decades are now making that address space 
available for use. If the market did not exist, I strongly suspect that address 
space would remain allocated but unused (what’s the incentive for anyone to go 
through the hassle of renumbering, cleaning, or even identifying inefficiently 
used address space?). That market also now provides very clear signals to 
organizations about the costs of staying with IPv4 versus the costs of 
migrating to IPv6, unhindered by the distortion caused by the RIRs and can 
provide funds to organizations who have allocated but unused address space to 
facilitate the transition to IPv6.

Is this ideal?  Not in my mind, particularly for smaller players and new 
entrants. However, this outcome has been obvious for some time. That’s why the 
IETF started up the IPng effort.

Regards,
-drc

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