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I think Richard's piece leaves out everything of substance. I don't understand how this helps the ISOC mission, users of .org, the public interest of the Intern
by cartoonworld 7y ago
I think Richard's piece leaves out everything of substance. I don't understand how this helps the ISOC mission, users of .org, the public interest of the Internet at large, or anyone at all except of course Ethos Capital.
PIR, the registrar in question generated $48 Million in support grants for ISOC in 2018 tax return. He's trying to make the case that selling this $50million revenue from grants is worth it. He think the governance of .org and the maximum possible cost increase will be fine.
What possible reasons has he given for any of that?
He vaguely indicates that it'll be fine, and instead asserts that $28/yr could be affordable? It is, but why not just jack up the price in the first place, if its a money thing? They could be getting $100-Million in ten years, why sell it off to a private capital investment firm with no track record of "Governance" and a mandate only to private shareholders and investors?
If you happen to check https://ethoscapital.mu/investments/ https://ethoscapital.mu/investments/ to read all about their clear mandate for Governance (whatever that means the the context of "Exposure to a Diversified Pool of Unlisted Assets") hopefully the irony[0][1] of their using the .mu (Mauritius) tld is not lost on you. Sorry if this last bit seems petty, but just wow. What about any of this makes anyone think this doesn't look like a gift to private equity? I would like to see the sale price.
[0] https://business.mega.mu/2013/07/29/internet-210-government-websites-threatened/ https://business.mega.mu/2013/07/29/internet-210-government-...
[1] https://web.archive.org/web/20141110042124/http://news.islandcrisis.net/2014/11/gov-mu-is-down-in-the-world/# https://web.archive.org/web/20141110042124/http://news.islan...