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| Username: |
interpres |
| Date/Time: |
Thu, July 6, 2000 at 2:26 AM GMT |
| Browser: |
Microsoft Internet Explorer V5.0 using Windows 98 |
| Score: |
5 |
| Subject: |
Did you know... A non-profit is not prohibited from making money. |
Message: |
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Garry, if you want to go into the legal aspects of it, ICANN's non-profit status
merely prevents it from engaging in commercial activities and disbursing dividends
to its shareholders; it does not mean that it has to lose money or at best break
even. We could have a lively discussion as to where the profits from the proposed
auctions should go, African famine relief being my favorite cause, though admittedly
unrelated to ICANN's mission, but I cannot see what purpose is served by obliging
ICANN to sell valuable domains for regulated prices to speculators who will turn
around and resell these same domains to end users at a huge profit. I could almost
see your point if the registrants were aspiring entrepreneurs in search of an effective
name for their new venture. But those will be very few and far between. We all know
that practically all of the purchasers in the first mad stampede will be resellers-speculators.
The only way that everyone gets a fair chance is if an initial auction is held, as
suggested. And the profits? Yes, let's talk about what to do with those.
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