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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal><o:p> </o:p></p><blockquote style='margin-top:5.0pt;margin-bottom:5.0pt'><div><p class=MsoNormal><span style='font-size:11.5pt;font-family:"Calibri",sans-serif;color:#1F497D'>This is evidence that the transfer market is actually more efficient at conserving address space than the needs-test regime ever was. Because needs-tests and utilization requirements and revocation threats did not bring these addresses into productive use, but the market did.</span><o:p></o:p></p></div></blockquote><p class=MsoNormal><o:p> </o:p></p><div><p class=MsoNormal>It is uncertain if that conclusion can be drawn from Geoff’s data, as it did not include<o:p></o:p></p></div><div><p class=MsoNormal>any direct measure or comparison of relative “conservation” for transfers in the ARIN<o:p></o:p></p></div><div><p class=MsoNormal>region vis-a-vis allocations/assignments in the ARIN region...<o:p></o:p></p></div><div><p class=MsoNormal><o:p> </o:p></p></div><div><p class=MsoNormal>I would not be surprised if your hypothesis is correct (as the ability to bring address<o:p></o:p></p></div><div><p class=MsoNormal>space back into productive use was recognized as a benefit during introduction of ARIN’s <o:p></o:p></p></div><div><p class=MsoNormal>specified transfer policy), but at best any validation based on actual data can only be applied<o:p></o:p></p></div><div><p class=MsoNormal>to the actual circumstances - it would be “The needs-based transfer market is actually <o:p></o:p></p></div><div><p class=MsoNormal>more efficient at conserving address space than the needs-based free-pool assignment<o:p></o:p></p></div><div><p class=MsoNormal>based model ever was”, i.e. it can’t provide any validation of a transfer market absent <o:p></o:p></p></div><div><p class=MsoNormal>needs-based testing, since there’s operating data in the ARIN region such a policy. <o:p></o:p></p></div><div><p class=MsoNormal><o:p> </o:p></p></div><div><p class=MsoNormal>/John<o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'>Hi John,<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'>Thanks for your reply.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'>You are right about the difficulty in validating my hypothesis, which is why I used weasel words like Geoff’s data “is evidence” for this hypothesis, but not definitive.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'>Just food for thought for those who seem to view the transfer market as a dangerous snake. But as you said, this movement of unutilized addresses into productive use was an overt purpose of the creation of the market, not an unintended consequence.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'>I want community members to understand that this is evidence that the market is a natural conserver of valuable resources, and naturally elevates them to a higher and better use.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'>Thus reducing the actual importance of these “angels-on-the-heads-of-pins” discussions about utilization periods or parsing the application of free pool allocation language in its application to transfers.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'>Regards,<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'>Mike<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'><o:p> </o:p></span></p></div></div></body></html>