ICANN’s corruption can be cured by the free market
Day: Tuesday October 30, 2012

It is not hard to find articles discussion incompetence or corruption within ICANN.  Cronyism keeps the insiders in control.  Millions of dollars are spent on luxury travel to regulate technology that allows us to travel electronically for almost nothing.  Rules are written but followed only occasionally, which seems to be the norm for any large bureaucracy.  Public communications is limited to only what the masses are allowed to hear.  Simple tasks that could be settled in one discussion can take months to accomplish.  This bureaucracy can easily be squashed by the free market.

There are many who want to limit change in order to keep the current multi-billion dollar cash flow in the domain market.  If I can make a few bucks a year for millions of domains from customers who think that the domain rental model is the only option, why would I want to see that change to a one-time sale model?  If I am simply a benefactor who travels the world at the expense of this effective tax on domain holders, should I do my part to keep my expense checks coming?

However the technology is taking life where there is no longer a need for a single root, but each TLD is a peer root.  The need for a central authority is being eliminated by technology that does not disrupt industry technical standards, but turns a multi-billion dollar tax on domain holders to nothing.

The value of a “.com” name is going to shrink with the introduction of the new sanctioned TLDs in 2013.  The time is right to go further and remove the sanctioning from on high to the free market model.

The PDF file started as an add-on in the 90s, and slowly moved to a de facto standard and then a formal one.  A huge market was built by those who would use the standards to add functionality or provide services.  We can see the same happen with TLDs.  All it will take is a few ISPs to start using ShofarDomain’s DNS technology and the dam will have been breached.  Over time domain holders will become less inclined to pay their annual rental and the market will move to owned domains.  This will be great for the small business and personal domain holder, but less ideal for the bureaucrats.

The Internet is a product of the Wild West mentality of US inventors where autonomy of all players was important.  The TLD arena is one of the last holdouts of centralized control and it is time to say good-bye.

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2012 Articles

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Mon, Jan 28, 2012

Domain names are rented by policy and FUD

Wed, Oct 10, 2012

The decline of the aura of “.com”

Wed, Oct 17, 2012

Gold versus fiat currency applied to domain names

Wed, Oct 24, 2012

ICANN’s corruption can be cured by the free market

Tue, Oct 30, 2012

UN taking control of the Internet

Mon, Nov 12, 2012

Death, Taxes, Perpetual Domain Fees

Fri, Nov 23, 2012

Domain price regulation versus the free market

Tue, Nov 27, 2012

“Excess funds” should be a red flag about ICANN

Wed, Nov 28, 2012

Big bucks no longer a stability requirement for TLDs

Fri, Nov 30, 2012

An Open Letter to the Alternative Roots

Tue, Dec 4, 2012

Is WCIT suggesting states regulate alternative roots?

Tue, Dec 11, 2012

Second Amendment for Domain Names

Sat, Dec 22, 2012