Here’s the primary source: https://www.keypointsabout.org/blog/advancing-the-internet-s...
Translation: "We sold the Internet to vultures (super-nice vultures! you won't believe how nice they are!) so that we could have... basically the same cash flow that we already had. But now we're going to deal with bankers instead of Afilias."
Prediction: they will achieve nothing, at all, whatsoever.
Everyone who voted for this should be ashamed of themselves.
This is very weasel worded way to say that price would double every 7.27 years... (and this is only "Our plan")
Monopolies should be regulated - domain name administration is a natural monopoly.
It's the same as a TV series - there are great many TV series , but only 1 Game of Thrones on HBO, and it's not substitutable. Therefore, HBO has a monopoly on Game of Thrones.
> and it's meaning cannot be replicated with another TLD.
anything-org.us, anything-org.xyz, anything-org.com, or even just disregard bothering with .org entirely since it literally has no meaning; there's no enforcement on the soft policy that it represent non-profits. For example, slashdot.org is owned by BizX.
Old-guard nerds have nostalgic attachment to the .org TLD's history; that's it. It's hardly a case that it's a monopoly.
How would you like it if your phone company started charging you extra to keep your phone number, and told you, there's plenty of other phone numbers you can have, we won't charge extra for those
It was annoying, but nobody claims seriously that email providers are a monopoly.
Patents, copyrights, and trademarks are sometimes used as examples of government-granted monopolies.
Third paragraph from: https://en.wikipedia.org/wiki/Monopoly
So, yes, HBO does have a monopoly on Game of Thrones, and my email provider does have a monopoly on my email address.
This is, for example, why they explicitly passed a phone number portability law, because phone companies were abusing their monopoly power over individual phone numbers, to keep people from switching to different providers.
I mean, it would certainly be right for the government to limit the increase in the cost of .org registrations to inflation, or better to cap the profit margin, since costs are likely to decrease, but just because it's right, doesn't mean it'll happen. .org domains are an artificial scarcity that wasn't even created by a corporation. At least the telephone was invented privately, so you could argue phone numbers are fair game, but with domain names even that argument doesn't hold. There's no reason a private company should be extracting economic-rent from it.
The value is, for starters: branding, people remember sites.
The value is also vendor-lock in. What you called "annoying" above. The value is not having to do that annoying thing, that is value, and it's what the registrar can now use to extract money from existing .org domains.
The value is also, that if you let your .org domain lapse, since you don't want to pay for it, now someone else can take it and pretend to be you.
That 3 to 4 times recent historic and near future projection for inflation rates.