On Oct 8, 2008, at 8:05 AM, Jeffrey A. Williams wrote:
Jim and all,
I must agree with Jim here. I can say that our IPv8 addresses have for whatever reason become extremely valuable, as discrete offers for IPv8 address space I am getting has in two months, jumped by 3x. Of course we never sell IPv8 address space, as our policies only allocate based on demonstrated need and time to full usage.
Indeed. Jim Fleming must be proud. Regards Marshall
Jim Reid wrote:
On 9 Oct 2008, at 08:28, Andy Davidson wrote:
Addressing doesn't have latent worth right now because as an LIR with a justifiable need, I can beg resources from a hostmaster, at no (or a small marginal - if billing score is implicated) direct cost.
I'm not convinced by that argument Andy and IMO it's unlikely to stand up to scrutiny by an auditor or the tax authorities. The two of us could agree to trade some commodity and claim that what was traded had no value. That doesn't make it so in the eyes of the taxman or our company auditors.
In some respects IPv4 space today has parallels with .com stock options. [Remember them?] At the point of acquisition they had a marginal value -- "fair" market price -- that was close to zero. Most stayed there or depreciated. :-( But when the circumstances were right, the options became very valuable and those holding them got rich.
I therefore can't trade any of these address resources because others can do the same. This means that today the addresses have no value.
Just because someone can't or doesn't want to trade something doesn't mean it has no value. We know that there have been examples where companies have merged or been acquired for the address space they held and that space determined the price of the transaction. And there is a grey market in address space outside the RIR system. Which implies that addresses do have a value.
Regards,
Spokesman for INEGroup LLA. - (Over 281k members/stakeholders strong!) "Obedience of the law is the greatest freedom" - Abraham Lincoln
"Credit should go with the performance of duty and not with what is very often the accident of glory" - Theodore Roosevelt
"If the probability be called P; the injury, L; and the burden, B; liability depends upon whether B is less than L multiplied by P: i.e., whether B is less than PL." United States v. Carroll Towing (159 F.2d 169 [2d Cir. 1947] =============================================================== Updated 1/26/04 CSO/DIR. Internet Network Eng. SR. Eng. Network data security IDNS. div. of Information Network Eng. INEG. INC. ABA member in good standing member ID 01257402 E-Mail jwkckid1@ix.netcom.com My Phone: 214-244-4827