8 karma · joined September 2, 2026
It's clear to me ICANN can say no agreement change or total destruction. You are correct that they could do something else and show every indication that they would never do the right thing and that is why they should be destroyed.
The main problem with the Internet today is that we didn't destroy ICANN when they started this TLD sell off crap. A replacement institution may have at least told Verisign a TLD they can't run transfer to someone who can meet its promises can only be destroyed.
The random placement has no explanation for why it will outperform any other truly random placement in a future storm. Path dependent behavior of agents after placement is a better argument but that assumes you don't want to upset other agents. Disruption is taking benefit in removing things that are a higher positive to the whole than to yourself.
This author owns there own home and even if they have an infinite length mortgage they are likely to end up with new principal to do a reverse mortgage on and similar investment return to someone buying on margin with no interest. It's basically just moving the elitist pension system from the job to the housing.
The author ending up at an inheritance of no value is not all that different than someone leaving only the house if houses weren't an investment and they had a pension to death. The house acted as a vehicle to give them all the investment structure they lacked. The problem with this situation is the people who are excluded from home ownership and paying rents.