{"id":1694,"date":"2013-09-27T09:04:01","date_gmt":"2013-09-27T08:04:01","guid":{"rendered":"http:\/\/www.ofcourseimright.com\/?p=1694"},"modified":"2013-09-27T09:04:02","modified_gmt":"2013-09-27T08:04:02","slug":"interesting-geoff-huston-posting-on-circleid","status":"publish","type":"post","link":"https:\/\/ofcourseimright.com\/?p=1694","title":{"rendered":"Interesting Geoff Huston Posting on CircleID"},"content":{"rendered":"<p>Geoff Huston has established himself as perhaps the foremost authority on IP address markets.\u00a0 A senior researcher at APNIC, Geoff has tracked this issue for over a decade.\u00a0 He has recently posted <a href=\"http:\/\/www.circleid.com\/posts\/20130924_valuing_ip_addresses\/\">a new blog entry at CircleID<\/a>, to which I&#8217;ve commented.\u00a0 Here&#8217;s what I wrote there:<\/p>\n<p>The fundamental basis for the article above is a lack of transparency within IP address markets.\u00a0 This is something that Bill Lehr, Tom Vest, and I worried about in our <a href=\"http:\/\/cfp.mit.edu\/publications\/CFP_Papers\/Lehr%20Lear%20Vest%20TPRC08%20Internet%20Address%20Running%20on%20Empty.pdf\">contribution<\/a> to TPRC in 2008.<\/p>\n<p>Amongst other things, transparency or its lack has the following effects:<\/p>\n<ul>\n<li>Assuming it is a goal, efficiency in markets demands transparency.\u00a0 When markets lack transparency, neither the buyer nor the seller know if they have gotten a good deal, because it could be that there existed either a buyer who would have paid for more, or a seller who would have sold for less, who was simply not identified.\u00a0 Is $10 per address a good price?\u00a0 There is at lest a <a href=\"http:\/\/ipv4marketgroup.com\/home\/\">tidbit of information<\/a> from some of the brokers that indicates wide variance in the cost of IP address blocks.\u00a0 Whether that information is accurate, who cannot say?\u00a0 It is not required to be so.<\/li>\n<li>Network administrators and owners should be making informed decisions about how and when to move to IPv6.\u00a0 Absent pricing information regarding v4, there is uncertainty that is difficult to price.\u00a0 In this sense, hiding pricing information may actually encourage IPv6 deployment.\u00a0 Keep in mind that large institutions require years if not decades to make this sort of transition.\u00a0 Were I them, given the increased number of devices (if you can believe the numbers above, and I suggest that we take them with a grain of salt), I would start now to get out of this rigamarole.\u00a0 Heck, even with transparency, that only tells you today&#8217;s price, and not tomorrow&#8217;s.\u00a0 Certainly it is well worth researching methods to price this risk.<\/li>\n<li>It is important to know if there is an actor who is attempting to corner the market.\u00a0 Proper registration of purchases and sales provides an overview of whether dominant players are acquiring addresses beyond the needs of their customer base.\u00a0 Such acquisitions would have the impact of increasing costs for new entrants.<\/li>\n<li>Finally, the Internet Technical Community (whoever we are) need to know if new entrants are in fact unable to access the Internet because IPv4 addresses are too high, if we want to see the safe and secure growth of the Internet everywhere.<\/li>\n<\/ul>\n<p>The funny aspect of all of this is that governments may <b>already<\/b> be able to track some pricing information retrospectively through, of all things, compulsory capital asset sale reports, such as the U.S. Form 1040 Schedule D.\u00a0 However, in general this information is confidential and not very fresh, and hence not sufficient to advance policy discussions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Geoff Huston has established himself as perhaps the foremost authority on IP address markets.\u00a0 A senior researcher at APNIC, Geoff has tracked this issue for over a decade.\u00a0 He has recently posted a new blog entry at CircleID, to which I&#8217;ve commented.\u00a0 Here&#8217;s what I wrote there: The fundamental basis for the article above is &hellip; <a href=\"https:\/\/ofcourseimright.com\/?p=1694\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Interesting Geoff Huston Posting on CircleID&#8221;<\/span><\/a><\/p>\n","protected":false},"author":172,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[50,17,87],"tags":[483,54,55],"class_list":["post-1694","post","type-post","status-publish","format-standard","hentry","category-complexity","category-economics","category-internet","tag-address-markets","tag-ipv4","tag-ipv6"],"_links":{"self":[{"href":"https:\/\/ofcourseimright.com\/index.php?rest_route=\/wp\/v2\/posts\/1694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofcourseimright.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofcourseimright.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ofcourseimright.com\/index.php?rest_route=\/wp\/v2\/users\/172"}],"replies":[{"embeddable":true,"href":"https:\/\/ofcourseimright.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1694"}],"version-history":[{"count":1,"href":"https:\/\/ofcourseimright.com\/index.php?rest_route=\/wp\/v2\/posts\/1694\/revisions"}],"predecessor-version":[{"id":1695,"href":"https:\/\/ofcourseimright.com\/index.php?rest_route=\/wp\/v2\/posts\/1694\/revisions\/1695"}],"wp:attachment":[{"href":"https:\/\/ofcourseimright.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofcourseimright.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofcourseimright.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}