131–140 of 316 posts
Earlier quoted context omitted.
That's reasonable in this case, people often complain (and sometimes reasonably so) that the people in this bureaucratic entities are far removed from the "real world" and don't really understand what they're dealing with.
Too bad his credentials did not make his argument good. I bet if he actually had a good argument ... well then nobody would be complaining that his argument is bad.
> So if we take Ethos at their word It is unfortunate that we have a business culture where to take someone at their word is not only naive but so reckless that the duped gets most of the blame rather than the duper. And yet, here we are. This is the reality. Taking a private equity firm "at their word" is so foolish that it's hard to believe the author isn't being disingenuous.
Edison literally sent thugs to tear down competitors' film equipment...
In which a patsy sets out the arguments by which he was manipulated. A large part of his motivation appears to be delusions of grandeur within an organization, the Internet Society, which, up to now, has been of no relevance whatsoever, and which has only now achieved a degree of prominence through an act of apparently naive stupidity.
Earlier quoted context omitted.
You have to pay about $200k to ICANN just to submit a proposal for a new gTLD.
Because it costs so much to add a new gTLD /sarcasm
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I’m doing this! Both for PIR and ICANN. Please see my other comment on this thread. It is likely this “sale” could be considered illegal. Here is the information for ICANN which can be used for the above form as well: https://www.icann.org/en/system/files/files/fy18-irs-tax-for... Remember that the founder of this PE firm was at ICANN, so this transaction is self-dealing on ICANN’s end as well.
Thanks for the ICANN info, I'll prepare a similar form for them. Do you have some resources I can use to summarize ICANN's questionable activities?
https://www.privateinternetaccess.com/blog/2019/11/isoc-pir-...
ICANN, by lifting the price restriction, was likely “in” on this deal.
When a nonprofit does something to greatly enrich a former CEO, that’s likely self dealing and illegal in the IRS’ eyes. The CA attorney general should also take action (ICANN is CA based).
This author is just outright naive. >Even in the worst case, if Ethos considers dramatically increasing prices (which, to be clear, we do not expect them to do!), the Registry Agreement for .org requires a 6-month notice period during which domain owners can lock in a 10-year registration at pre-increase rates. This should seriously discourage Ethos from doing this, because it would take 10 years for the new high rat…
I think it's worse than naive. His two points are in impossible conflict. He wanted a pile of money for the Internet Society, enough to "secure that work's future". But the only way selling .org is worth a pile of money is if it gets extracted from nonprofits. With plenty of profits left over to feed the investors who put up the initial cash. If the Internet Society wanted to secure their future, they should have rai…
https://www.privateinternetaccess.com/blog/2019/11/isoc-pir-...
It stinks.
So...how much does it cost to run gTLD these days? Perhaps the time is right to set up a non-profit to run one at actually affordable prices, instead of the current ripoff and the future .org price increases.
You have to pay about $200k to ICANN just to submit a proposal for a new gTLD.
> So if we take Ethos at their word It is unfortunate that we have a business culture where to take someone at their word is not only naive but so reckless that the duped gets most of the blame rather than the duper. And yet, here we are. This is the reality. Taking a private equity firm "at their word" is so foolish that it's hard to believe the author isn't being disingenuous.
The US flatly does not have the regulatory environment to ensure internet infrastructure is accessible and affordable. Net neutrality is the cardinal example in which regulatory capture by business interests immediately led to deregulation. This is a similar story but instead it was a nonprofit organization being captured by business interests.
Is there nothing the free market can't ruin?
In which a patsy sets out the arguments by which he was manipulated. A large part of his motivation appears to be delusions of grandeur within an organization, the Internet Society, which, up to now, has been of no relevance whatsoever, and which has only now achieved a degree of prominence through an act of apparently naive stupidity.