<html><head><meta http-equiv="Content-Type" content="text/html charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;" class=""><br class=""><div><blockquote type="cite" class=""><div class="">On May 15, 2016, at 14:32 , Mueller, Milton L <<a href="mailto:milton@gatech.edu" class="">milton@gatech.edu</a>> wrote:</div><br class="Apple-interchange-newline"><div class=""><div class="WordSection1" style="page: WordSection1; font-family: Monaco; font-size: 12px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px;"><div style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;" class=""><span style="font-size: 11pt; font-family: Calibri, sans-serif; color: rgb(31, 73, 125);" class=""><o:p class=""> </o:p></span></div><div style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;" class=""><a name="_MailEndCompose" class=""><span style="font-size: 11pt; font-family: Calibri, sans-serif; color: rgb(31, 73, 125);" class=""><o:p class=""> </o:p></span></a></div><div style="border-style: none none none solid; border-left-color: blue; border-left-width: 1.5pt; padding: 0in 0in 0in 4pt;" class=""><div class=""><div class=""><div style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;" class="">If the IPs are in the free pool, or available on the transfer<o:p class=""></o:p></div></div><div class=""><div style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;" class="">market doesn't change the fact that the numbers are a <o:p class=""></o:p></div></div><div class=""><div style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;" class="">limited and shared resource whose value comes from <o:p class=""></o:p></div></div><div class=""><div style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;" class="">the insurance that the resource holder has exclusive <o:p class=""></o:p></div></div><div class=""><div style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;" class="">claim to a unique set of numbers. In fact I would argue<o:p class=""></o:p></div></div><div class=""><div style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;" class="">that the supply of IPs are more limited now then they <o:p class=""></o:p></div></div><div class=""><div style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;" class="">ever were, especially for large blocks, and especially<o:p class=""></o:p></div></div><div class=""><div style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;" class="">for organizations that have been priced out of the <o:p class=""></o:p></div></div><div class=""><div style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;" class="">market and as such stewardship is even more <o:p class=""></o:p></div></div><div class=""><div style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;" class="">important.<o:p class=""></o:p></div><div style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;" class=""><span style="font-size: 11pt; font-family: Calibri, sans-serif; color: rgb(31, 73, 125);" class=""><o:p class=""> </o:p></span></div><div style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;" class=""><span style="font-size: 11pt; font-family: Calibri, sans-serif; color: rgb(31, 73, 125);" class="">MM: whether we are dealing with a free pool or a transfer market makes a world of difference.<o:p class=""></o:p></span></div><div style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;" class=""><span style="font-size: 11pt; font-family: Calibri, sans-serif; color: rgb(31, 73, 125);" class="">Would you please address the two straightforward arguments that have already been made about that, instead of ignoring them and hoping they will go away?</span></div></div></div></div></div></div></blockquote><div><br class=""></div>I won’t presume to speak for Jason, however, both of the issues below have been repeatedly asked and answered. Since you have apparently missed some previous answers, I will reiterate mine here for you…</div><div><br class=""><blockquote type="cite" class=""><div class="WordSection1" style="page: WordSection1; font-family: Monaco; font-size: 12px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px;"><div style="border-style: none none none solid; border-left-color: blue; border-left-width: 1.5pt; padding: 0in 0in 0in 4pt;" class=""><div class=""><div class=""><div style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;" class=""><span style="font-size: 11pt; font-family: Calibri, sans-serif; color: rgb(31, 73, 125);" class=""><o:p class=""></o:p></span></div><div style="margin: 0in 0in 0.0001pt 0.5in; font-size: 12pt; font-family: 'Times New Roman', serif; text-indent: -0.25in;" class=""><span style="font-size: 11pt; font-family: Calibri, sans-serif; color: rgb(31, 73, 125);" class=""><span class="">1.<span style="font-style: normal; font-variant-caps: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';" class=""> <span class="Apple-converted-space"> </span></span></span></span><span style="font-size: 11pt; font-family: Calibri, sans-serif; color: rgb(31, 73, 125);" class="">Transfers are rationed by price. Free pool assignments are not. Stringent needs assessment can be justified when there is no price, because there is no other way of conserving. As for your comment about those “priced out of the market,” superimposing stringent needs assessment does NOT lower the price for anyone. It probably raises it.</span></div></div></div></div></div></blockquote><div><br class=""></div>Transfers are not rationed by price… Repeating this fallacy doesn’t make it inherently true.</div><div><br class=""></div><div>Price does not ensure that the purchaser has actual need for the resources, it merely insures that they have monetary resources that they are willing to trade for number resources. I realize that in the religion of Ayn Rand and the Kato Institute, this is indistinguishable from optimal resource management. You’ve presented no evidence whatsoever to support your conclusion that stringent needs assessment raises the price or even that it doesn’t prevent prices from being artificially raised.</div><div><br class=""></div><div>In fact, in the RIPE region where there are virtually no needs-based controls, according to the brokers I have discussed things with, prices are rising more rapidly than in the ARIN region, which would in fact appear to suggest that our needs-assessment regime is, in fact, holding prices down.</div><div><br class=""><blockquote type="cite" class=""><div class="WordSection1" style="page: WordSection1; font-family: Monaco; font-size: 12px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px;"><div style="border-style: none none none solid; border-left-color: blue; border-left-width: 1.5pt; padding: 0in 0in 0in 4pt;" class=""><div class=""><div class=""><div style="margin: 0in 0in 0.0001pt 0.5in; font-size: 12pt; font-family: 'Times New Roman', serif; text-indent: -0.25in;" class=""><span style="font-size: 11pt; font-family: Calibri, sans-serif; color: rgb(31, 73, 125);" class=""><o:p class=""></o:p></span></div><div style="margin: 0in 0in 0.0001pt 0.5in; font-size: 12pt; font-family: 'Times New Roman', serif; text-indent: -0.25in;" class=""><span style="font-size: 11pt; font-family: Calibri, sans-serif; color: rgb(31, 73, 125);" class=""><span class=""><br class="">2.<span style="font-style: normal; font-variant-caps: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';" class=""> <span class="Apple-converted-space"> </span></span></span></span><span style="font-size: 11pt; font-family: Calibri, sans-serif; color: rgb(31, 73, 125);" class="">Numbers that are put into the transfer market are not, by definition, truly needed by the holder. Therefore, (as long as a network operator is involved) a transfer implies a movement from a less-needed to a more-needed use – regardless of whether some kind of administrative needs assessment was performed by ARIN.</span></div></div></div></div></div></blockquote><div><br class=""></div>If we eliminate needs assessment, what mechanism assures that the transferee is actually a network operator? Further, how does it in any way assure that the transfer is from a place of less need to a place of greater need rather than a place of limited need to a place of greater monetary resources?</div><div><br class=""></div><div>You start with an assumption that you are correct in your conjecture and then act as if it is everyone else’s duty to provide evidence that your speculation is not correct. The reality is that these are judgment calls based on limited experience and while we do know that needs assessment does, in fact, work to some extent, there is very limited experience without it. Unfortunately, once it is eliminated, it will be virtually impossible to put the genie back in the bottle, so people are understandably cautious about opening the bottle all at once.</div><div><br class=""></div><div>Owen</div><div><br class=""></div><br class=""></body></html>