If you’re a soccer/football fan you will be aware of the current debate about FIFA and the corruption that seems to be endemic throughout the FIFA organisation. In my opinion when it comes to domain names, ICANN aren’t that far behind.
I’m relatively new to domain brokering but I’ve been buying and selling domains for almost 10 years now. Early on I formed a low opinion of ICANN and that initial opinion has steadily become more and more negative. From the Registerfly.com debacIe (that only Parsons, ICANN and Kevin Medina seemed to do very well out of) to the new gtlds, ICANN continues to seem to be only in it to maximise their returns ~ an odd strategy for a non profit organisation. ICANN already have a history of rolling out as many extensions as possible (and most have failed miserably) so now I guess they figure, hell lets add as many extensions as possible.
Like FIFA, ICANN are in my opinion milking their monopoly to the nth degree. What do they care about the impact - if any - of these new tlds? Seems to me all they give a damn about is the inevitable MASSIVE cash injection that they will receive, and on an ongoing basis. My take is the vast majority of these new tlds will be that they will in the main be vanity purchases by exisiting entities that can afford to waste massive amounts on running their own extension. Most of the ones which will be commercialised will be hyped, or more accurately pumped and dumped.
I think com will hardly be impacted at all but I do believe pretty much every other existing gtld and many cctlds will be. Does the Internet need limitless gtlds? ~ Nope! Does ICANN? ~ I think I know why they are so keen on it. Does anyone know who can veto any of ICANN’s rulings? Because from here it looks like they’re a law unto themselves and highly profitable for a non-profit organisation. But of course plenty of those mega profits are paid out to their head honchos ~ see link below for what they currently pay themselves.
What ICANN claims to be on their website ICANN.org
ICANN was formed in 1998. It is a not-for-profit public-benefit corporation with participants from all over the world dedicated to keeping the Internet secure, stable and interoperable. It promotes competition and develops policy on the Internet’s unique identifiers.
ICANN doesn’t control content on the Internet. It cannot stop spam and it doesn’t deal with access to the Internet. But through its coordination role of the Internet’s naming system, it does have an important impact on the expansion and evolution of the Internet.
Anyone any idea how much the board of Directors at ICANN earn each year? Here are the head honchos of ICANN http://www.icann.org/en/general/board.html
More importantly here are their official accounts and legal documents http://www.icann.org/en/documents/
For anyone with plenty of time to spare it’s well worth checking out the Financials!
There will be 100s of millions more dollars flying around ICANN soon, I wonder how these funds will be spent.
Who are ICANN answerable to? Who are ICANN in it for? I know what I think, how about you.
If you have even more spare time Google "ICANN corruption" as it seems there are plenty more folks wondering about ICANN and whether or not they have any integrity (including one of the original board members of ICANN)
GEO Auctions closing soon
NewYork.net ~ TajMahal.com ~ Gibraltar.com ~ Xian.com and many more
To view or bid please visit http://upmarketdns.com/2011/06/13/calling-all-geo-domain-owners/
Please note that any opinions expressed here are just that, opinions. There is no statement of fact. Any opinion expressed here is the opinion of Andy Kelly only.
thanks for reading,