On Mon, Feb 24, 2014 at 05:10:23PM -0800, Owen DeLong wrote: > > Look at the effect house flipping had on the California real estate market.
That is a terrible analogy. IPv4 space is very close to a pure commodity, and moreover it is one for which there is an imperfect substitute. Also, despite the attempts of various (in my opinion, misguided) people to nail IPv4 space to physical location, as a practical matter you can move your IPv4 in a way you can't move your house, much less your land. If we are going to draw analogies with speculative markets, surely commodity markets like grains, livestock, and textiles are better analogies. And indeed, such analogies are instructive, because commodity markets in which there is massive speculation tends to drive people to the alternatives, even if they're imperfect. Raise the price of coffee enough, and you find that chickory markets rise. Indeed, I believe Lee Howard has presented an analysis that suggests the tipping cost for abandoning IPv4 in favour of v6 is rather lower than many people have imagined. Even if he is off by some margin, the benefits of strong regulation attempts on this sort of v4 market activity are far from obvious. They might actually be harmful, to the extent they inspire people to devote energy to gaming the v4 regulations in stead of just working to move to v6. Best regards, Andrew -- Andrew Sullivan [email protected] _______________________________________________ PPML You are receiving this message because you are subscribed to the ARIN Public Policy Mailing List ([email protected]). Unsubscribe or manage your mailing list subscription at: http://lists.arin.net/mailman/listinfo/arin-ppml Please contact [email protected] if you experience any issues.
