no. you misunderstand.

The value proposition is not spam: that works with unallocated space.

The value proposition is gaming google page rank, by using widely spread and 
legitimately routed IPs to force your paying customers page rank high, by hits 
and references. This is a very high value business: one customer paying you big 
bucks, to have their web high in google pagerank. Not attacking a million 
mailboxes.

In this model, the 'target' is google. The IPS need to come from classic, 
widespread IPs because google now count the source IP and can tell if you use a 
virtually hosted single IP to try and do this.

I have a question: are we actually able to state this consumption of address is 
'illegal' ? I personally judge it to be unethical, but that is not the same 
thing.

-George

PS since this goes to address policy, I need to declare that I work for an RIR 
but I am posting in a personal capacity and nothing I say is a reflection of 
any RIR address policy. I work in the research department, not in 
registry/allocations

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