Hi David,

On 05/06/14 04:50, David Miller wrote:
Proper stewardship of the ARIN function demands that ARIN policy
adjust to what happens in the market.  It's not the other way around,
if only because that's not how markets work.
If, and only if, one redefines ARIN's function as *only* bookkeeping.
Once ARIN runs out of IPv4, it's only function in IPv4 will be the bookkeeping.

The ARIN CEO, ARIN's General Counsel, the Harvard economist ARIN pays,
professors who study markets, brokers who operate in the market, and
buyers and sellers who buy and sell in the market have all told the
ARIN community the same story for around 5 years now: the market is
going to act as a market, and ARIN policy needs to be ready for it;
ARIN policy needs to make sense with the dynamics of the market.
In addition to internet number resources, there are also 'markets' in
drugs, stolen cars, ivory, endangered species, and human slaves.
Still, ARIN, like APNIC and the RIPE NCC, recognize the IPv4 Brokers and even provides a Listing service.

You can not compare the IPv4 market to the 'human slaves market'. One is legal, the other one is not.

The fact that a 'market' exists does not, in and of itself, imply that
policies should be adjusted so that the market can function more
efficiently.

There seems to be a hidden assumption here that number resources with
incorrect registration are "as good as" those with accurate
registration, and thus all that is being requested is that the db be
cleaned up.  If that were actually the case, then I doubt we would be
having this discussion.
My router will not care if the database registration is accurate.

If there is a benefit to accurate registration through legitimization of
this market on an unlimited scale, that outweighs the negative impacts
of hoarding, speculation, and IPv6 denial, then I haven't seen it yet.
I am, however, open to being convinced.
The market is already legitimized. Check the RIR websites and their links to the market and the recognized IPv4 Brokers.

cheers,
elvis

-DMM


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