[CPWG] Need Advise: Tokenization of Domain Names

[alexander at schubert.berlin]

Hi Roberto,

 

“just the liquidity issue itself.”

 

There is no “issue” at all. Not for the Internet User – not for the legitimate domain owner. A domain registration is to route users to a website or route emails. No “liquidity” needed.

The only people on this planet who have a “liquidity” problem with domains are those who hold domains hostage for ransom: these people have a budget and invest their budget into domain registrations. Once the budget is used up – they can’t invest anymore. They also can’t simply sell any of their domains – because who wants to by “cochapella.com” at gun point? Nobody – but a future fashion brand, a future restaurant or maybe a music festival? You register the domain today – and in 10 years someone wakes up with the idea for that brand – and needs your domain. It is an “asset” only in so far, as in the far future maybe someone needs it for a legitimate business. The tokenization idea is now to say that the owner of the domain may sell “virtual shares” of it – thus already recoups some of his invested funds – in order to grab even more domains.

 

In other words: Any system or tool that would reduce the “pain” of “liquidity”-absence would lead to even MORE domains held hostage for ransom. That would mean: legitimate domain users have less unregistered domains to chose from. And the Internet user will see more trucks with domain monsters like www.BocaRaton-Pool-Maintainance-24-7.net <http://www.BocaRaton-Pool-Maintainance-24-7.net>  – because anything that makes remotely sense was already taken and the owners are asking moon prices for their loot.

Enabling more liquidity enriches speculators – and causes grand damage for everybody else. Now the simple question is: Does ICANN serve “everybody else” – or domain scalpers? IDK. But I would hope that the public interest is in the foreground. Or should be. In my mind. Where does everybody else stand in this matter?

 

Danke,

 

Mit freundlichen Grüßen,

 

Alexander Schubert

___________________________________

Alexander Schubert

LinkedIn.com/in/alexanderschubert

U.S. +1(202)684-6806

Germany +49(030)8643-7863

 

 

 

 

 

 

 

 

From: CPWG <cpwg-bounces at icann.org> On Behalf Of Roberto Gaetano via CPWG
Sent: Thursday, September 28, 2023 4:42 AM
To: Evan Leibovitch <evan at telly.org>
Cc: CPWG <cpwg at icann.org>
Subject: Re: [CPWG] Need Advise: Tokenization of Domain Names

 

Hi all 

 

 

In any case -- why is this being asked of At-Large?

 

 

 

I am travelling and do not always have the opportunity to join, so I have regretfully missing the last call, so I might not be correctly informed.

 

However, one thing I can say is that the issue of lack of liquidity of domain owners is not high on my agenda, to say the least.

 

I see from Evan’s message that I am not alone, but can somebody in few words explain me why I may be wrong and I should worry? I don’t mean worry about crypto currencies or other things, that is something that will happen anyway regardless domain owners liquidity, and incidentally will affect more than just the domain name market, but just the liquidity issue itself.

 

Thanks,

Roberto

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