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Username: Postel-ite
Date/Time: Fri, March 2, 2001 at 6:26 AM GMT
Browser: Microsoft Internet Explorer V5.5 using Windows 98
Score: 5
Subject: A theory...


I probably shouldn't be writing this, but here goes...

So, Verisign renegotiates it's contract for a couple of reasons: 

a) they cannot afford to sell the Registrar without significant ramifications on their valuation since NSI Registrar is not worth anything near what it was purchased for 1 year ago

b) they couldn't work any work-around deal with anyone to someone keep a retail domains business

c) since they didn't get a new gTLD, they come out now with a controversial re-negotiation to further detract ICANN's efforts with new gTLDs

d) while ICANN is delaying taking care of new gTLDs (and screwing that up in the process), Verisign is backing the efforts of Idealab!, which will start taking registratons for 20 new gTLDs in an alternate root using the Verisign registry system

e) Idealab! then turns around and demands these 20 new gTLDs (many of which were applied for within the ICANN process) be added to the ICANN root, so then Verisign gets 20 new gTLD registries instead of 1 from the ICANN process, and in the meantime, they have secured the .com and .net registries for another 6 and 5 years respectively, while convincing ICANN that .org could be re-organized into a restricted gTLD that they will gladly pay $5mil into to get rid of.

This is almost too scary to think about...

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