Re: Thread 1: Sharing

["Perry E. Metzger" <perry@piermont.com>]

Karl Denninger writes:
> > The $20,000 fee seems to be used as a barrier to entry to insure that
> > the applicant has financial means. What would you suggest in its
> > place, Karl?
> 
> Why do you need to guarantee this in an OPEN and COMPETITIVE marketplace?
> 
> Further, in a SHARED model there is no justification for it whatsoever,
> since the net effect of a registrar going under to customers is NIL!

Running the selection process for the first set of registrars and
associated costs are expected to be very expensive, even making
maximum use of contributed services. The money has to come from
somewhere. It isn't reasonable to expect the members of the Internet
Society, or some arbitrarily selected set of taxpayers, to foot the
bill. Although the fee will have the added benefit of scaring off some
who would end up clogging the process and will demonstrate seriousness
and financial wherewithal, it is also needed for cost recovery reasons.


Perry