<html><head></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space; "><br><div><div>On May 19, 2011, at 3:28 PM, Matthew Kaufman wrote:</div><br class="Apple-interchange-newline"><blockquote type="cite">
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On 5/19/2011 3:21 PM, Blake Dunlap wrote:
<blockquote cite="mid:BANLkTi=TPs8+bVa=mSDdtAPgYibrkFExyw@mail.gmail.com" type="cite">On Thu, May 19, 2011 at 17:13, Matthew Kaufman <span dir="ltr"><<a moz-do-not-send="true" href="mailto:matthew@matthew.at">matthew@matthew.at</a>></span>
wrote:<br>
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<div class="im">On 5/19/2011 2:59 PM, Blake Dunlap wrote:<br>
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its still speculation of a limited resource to bring you
profit at the expense of the community.<br>
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Please remember that not all speculation of limited resources,
even if it brings the speculator profit from time to time, is
at the expense of the community. Oftentimes it actually
provides benefits to the community (market liquidity, price
stability, etc.)<br>
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Matthew Kaufman<br>
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Price stability does not require a middle man to hold assets, they
only need to be listed, but I will give you liquidity for
*sellers* absolutely.<br>
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Do we really need such liquidity for *sellers* in IPv4? Is there
even use for such?<br>
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Sure. If you need space in 6 months, but not now, wouldn't it be
nice to get it from someone who'd worked with a middleman today to
start a 5-month project to free up space and transfer it to the
middleman... rather than having to wait those 5 months yourself?<br>
<br></div></blockquote><div><br></div>This presumes that without the middle-man, the project wouldn't have begun out of a desire</div><div>to make the space available for sale. If you claim to believe in market forces, then, the</div><div>speculator brings no value here because market forces would drive the person to begin</div><div>the project early in order to satisfy the expected demand as soon as possible.</div><div><br></div><div>Owen</div><div><br></div></body></html>