nanog mailing list archives
RE: IPV4 as a Commodity for Profit
From: <michael.dillon () bt com>
Date: Mon, 18 Feb 2008 18:15:46 -0000
Markets have a history of efficiently allocating resources, this much
is true. Its only true when those markets have sufficient liquidity. We have gotten used to regulated markets where the SEC and others, make sure that liquidity is maintained and block trading of instruments when liquidity is insufficient. In order to be liquid, a market has to have a sufficiently stable supply. If it is a commodity market, where the instruments being traded are then consumed by the buyer in producing their products or services, then the only way to maintain liquidity is to have a steady supply of fresh commodities. This is not too hard when talking about orange juice, pork bellies or even gold. But they are not making any more IPv4 addresses. The supply is fixed and the problem which we face is that the global unallocated supply is shrinking to the point of exhaustion in about two years. In this situation, I can't see that it would be possible to have a liquid IPv4 address market for more than a short period of time. Since IPv4 trading is not regulated by the SEC (unless it comes under some umbrella provision) the way is open for some group of SMART, WELL-EDUCATED INDIVIDUALS to rig the market and make off with lots of cash when it collapses. Everyone in the network operations sphere is a rank amateur when it comes to making markets, maintaining liquidity and regulation of trading. We cannot possibly hope to create a market within the next two years which is beneficial to the Internet network operations industry. --Michael Dillon
Current thread:
- IPV4 as a Commodity for Profit Raymond Macharia (Feb 18)
- RE: IPV4 as a Commodity for Profit michael.dillon (Feb 18)
- Re: IPV4 as a Commodity for Profit Stephane Bortzmeyer (Feb 18)
- RE: IPV4 as a Commodity for Profit michael.dillon (Feb 18)
- Re: IPV4 as a Commodity for Profit Owen DeLong (Feb 18)
- Re: IPV4 as a Commodity for Profit Stephane Bortzmeyer (Feb 18)
- RE: IPV4 as a Commodity for Profit John Lee (Feb 18)
- RE: IPV4 as a Commodity for Profit Rod Beck (Feb 18)
- Re: IPV4 as a Commodity for Profit Brandon Galbraith (Feb 18)
- RE: IPV4 as a Commodity for Profit Rod Beck (Feb 18)
- RE: IPV4 as a Commodity for Profit michael.dillon (Feb 18)
- Re: IPV4 as a Commodity for Profit David Conrad (Feb 18)
- Re: IPV4 as a Commodity for Profit Steven M. Bellovin (Feb 18)
- Re: IPV4 as a Commodity for Profit Eliot Lear (Feb 18)
- Re: IPV4 as a Commodity for Profit Steven M. Bellovin (Feb 19)
- Re: IPV4 as a Commodity for Profit David Conrad (Feb 19)
- Re: IPV4 as a Commodity for Profit Geoff Huston (Feb 19)
- RE: IPV4 as a Commodity for Profit Rod Beck (Feb 18)
- RE: IPV4 as a Commodity for Profit michael.dillon (Feb 18)
- Re: IPV4 as a Commodity for Profit David Conrad (Feb 18)
- Re: IPV4 as a Commodity for Profit Iljitsch van Beijnum (Feb 18)
- RE: IPV4 as a Commodity for Profit Rod Beck (Feb 18)
- Re: IPV4 as a Commodity for Profit Tom Vest (Feb 18)