Hello,

--- Dennis Hisey <[EMAIL PROTECTED]> wrote:
> 
> ----- Original Message -----
> From: "George Kirikos" <[EMAIL PROTECTED]>
> To: "Ross Wm. Rader" <[EMAIL PROTECTED]>; "Discuss-List@Opensrs. Org"
> <[EMAIL PROTECTED]>; <[EMAIL PROTECTED]>
> Sent: Monday, January 07, 2002 3:50 PM
> Subject: Re: Fw: [icann-delete] Proposal: Registry Re-circulation
> System
> 
> 
> > Hello,
> >
> > With regards to the Afternic proposal, it gives all the value of
> the
> > domains that are auctioned to the REGISTRARS, but what did they do
> to
> > create the value? Nothing.
> 
> By that thinking, you must agree then that it's not right for a
> farmer to
> sell his empty land for millions of dollars. (Unless they paid
> millions for
> it of course.) Or how about the owner of a painting. I guess the
> "Mona Lisa"
> shouldn't be worth anymore than what DaVinci got for it. (Unless it's
> in a
> more expensive frame.)

No, not at all -- in the case of the farmer and DaVinci, they took the
business risk to initially purchase the land, and/or create the
painting in the first place. They had a potential to lose money (or
waste their time). In a monopoly, there's NO CHANCE to lose money
(that's why they're so highly regulated). There's no risk when you're a
monopolist.

Sincerely,

George Kirikos
http://www.kirikos.com/

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