Posts: 8
Location: Sioux Falls, SD
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ICANN to double dot com costs to us for extra revenue for itself and for Verisign
You may know well that Verisign owns/is Network Solutions, which handles the dot com registry. You also may know that NetSol has the worst tech support in the business and is otherwise plagued with problems.
Quite some time ago, NetSol decided it could make a great deal of money by showing ads insted of returning a URL not found error when people accessed a domain that was not registered. This caused an uproar because it undermined the integrity of each domain as well as the integrity of the entire internet network which relies heavily on the DNS to find sites.
ICANN gave NetSol a cease and desist order and has filed suit against NetSol. ICANN believes it could win the case, and I, as well as most of us, believe this is true.
ICANN is the Internet Committee for Assigned Names and Numbers which governs the Top Level Domain name industry.
Verisign and ICANN have reached a settlement which is now public. Currently, ICANN is reviewing response to this settlement (and it is not good).
Essentially, this settlement gives Verisign carte blanche to do almost anything it wants. ICANN cannot even interfere unless there is some great and extraordinary problem.
Versign doubles its fees to other Registrars (anyone else), and increases Domain fees by 7% to everyone each year.
The impact on the world economy this will have is devastating. The internet is supposed to be a place in which holds promise for individuals, businesses and communities to learn, invest and grow. These ehorbatant fee increases will only harm the economic growth of technology young countrys. It will greatly hurt efforts for hosting companies, designers, developers, domainers, and thwart community participation on the net. It will increase research costs.
Why has ICANN jumped into bed with Verisign? Apparently, ICANN is corrupt and wants its own cool billion. You see, the ICANN tax on each gTLD Domain will also double. Currently now at 25 cents per domain per year, this fee will also double to 50 cents per domain per year.
In other words, YOU and I will pay for NetSol's misuse of authority. And NetSol goes scott-free and gets rewarded over 2 billion dollars MORE in registration sales revenue over the next 10 years.
Is this fair? (not in my book)
ICANN is currently accepting responses about this settlement agreement at it's site and is posting the archive.
I have to go find the links to all this stuff, but I will come back and post them unless someone beats me to it.
What do you think?
-Doug
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