[ppml] Restrictions on transferor deaggregation in 2008-2: IPv4 Transfer Policy Proposal

[michael.dillon at bt.com]

> In addition, I would anticipate that ARIN staff will also be 
> able to use the prices on the listing service to decide 
> whether/when to adjust deaggregation thresholds.  If the 
> per-IP price for smaller blocks gets to be higher than that 
> for larger blocks, for example, that may mean that more 
> deaggregation needs to be permitted.

So, not only will ARIN staff run the registry, and the quotation
service, but they will also play a role analogous to the Fed's
role in setting the discount rate?

And the SEC will just stand by and let you do this because of
an untested claim that IP addresses are not property, even
though you are now running a market in pseudo-equity derivatives?

You do realize that this will all happen at a time when IPv4 address
supply will be hard to get which means that some orgs who need addresses
will suffer real financial pain either due to inability to get addresses
or due to the high price they need to pay for a block. It's almost
guaranteed that one or more of these organizations is going to either
sue ARIN or file an official complaint with the SEC or lobby Congress
to outlaw ARIN. Probably all three. 

Are you certain that this libertarian/anarchist fantasy market can
withstand the test of such legal actions? And that it can be correctly
built by a bunch of non-lawyers who so far have not sought expert legal
advice?

--Michael Dillon