Proposed VeriSign Settlement and New .COM Agreement
With regards to the Proposed VeriSign Settlement and New .COM Agreement ICANN does not appear to realise that those of us who have built our internet names in .com have no realistic opportunity to move out of .com. without the loss of our trading identities. The proposed settlement of a 7% annual price rise is thus anti competitive and unfair. We simply cannot absorb price rises year after year to keep our customers. The proposed annual price rise is without justification and is wholly arbitrary. ICANN proposes to protect users of the .com TLD through a 10 year lock-in. What a wonderful way to raise enormous amounts of revenue in a hurry. Talk about a monopoly abusing its power. Six years on the Internet and I have never seen such an abuse. Details of how such a system would work should now be specified to show how abuse on the part of unscrupulous registrars can be avoided or the requirement for users to lock themselves into a particular registrar for a 10 years can be nullified. I live and work in the UK. Business practises such as this by large monopolies if they were to be based in the UK would more than likely be referred to the Office Of Fair Trading with the possibility of Government intervention. The proposals are a disgrace. The ethics behind illegal ponzi schemes are more honest than this. Mark McGavin IP Action Internet Services Barry, UK.