On Feb 24, 2014, at 5:13 AM, John Curran <[email protected]> wrote:

> On Feb 24, 2014, at 5:20 AM, Owen DeLong <[email protected]> wrote:
> 
>> On Feb 23, 2014, at 6:32 PM, David Farmer <[email protected]> wrote:
>>> ...
>>> I've been thinking about this maybe the restrictions for anti-flipping 
>>> don't belong in section 8 at all.  Maybe they belong in section 4 as they 
>>> are intended to protect the ARIN IPv4 free pool.
>> 
>> I disagree. I don’t want to see flipping become a tool for speculation in 
>> the market post-exhaustion, any more than I want to see it become a tool for 
>> draining the free pool. In fact, I think that the former might be 
>> significantly more harmful than the latter at this point.
> 
> Owen - 
> 
>  Could you elaborate your thoughts regarding the harm that might occur?
> 
>  I believe that folks understand risks associated with sudden/unexpected IPv4 
> free
>  pool depletion, but you are suggesting that liquidity itself in the IPv4 
> transfer 
>  market is harmful.  As that is neither obvious nor aligned with most market 
> theory, 
>  it would be best for you to elaborate your thoughts some on that aspect.

I’m not suggesting that liquidity is harmful, but I am suggesting that creating 
an environment that is friendly to market manipulators and speculators would be 
harmful.

I realize that my opinions are definitely not aligned with most market 
theories, especially the more lessez faire ones, but I am not one of the 
free-market zealots that believes all regulation is harmful and all thins 
should be decided by dollars.

Look at the effect house flipping had on the California real estate market. 
This has been harmful in a number of ways and I see no reason to believe that 
similar behavior, if allowed, in the IP address realm would not be even more 
harmful.

Owen

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