Feeds

So who is funding the CFIT and why?

Meet Rob Hall, Canada's Mr Internet

The Power of One eBook: Top reasons to choose HP BladeSystem

CFIT's board of directors are made up of Momentous' employees or close associates. Its head is Momentous' lawyer, others are heads of its various companies.

We estimate that its lobbying effort so far has cost around $200,000, so why is it worth so much to Momentous to put ICANN under pressure - and why does it want to appear to be pushing an industry consensus, rather than the interests of just one company?

The answer lies in the new dotcom contract, announced last month between ICANN and VeriSign. The contract has been the subject of intense scrutiny and criticism, not least because it gives VeriSign control of all dotcoms domain names forever, plus allows the company to raise prices by seven per cent a year.

But what Momentous really doesn't like is the fact that VeriSign will be given control of expiring domain names i.e. those domains registered once but which, for whatever reason, the original registrants have decided not to pay to re-register once they expire.

dot com redux

With tens of millions of domains registered there are very few usable dotcoms left, making the market in renewed domains the internet's exploding market. And Momentous has invested millions in grabbing as much of it as possible.

Currently there is a mad scramble for domains whenever they expire. Dozens of companies make literally thousands of requests every second on VeriSign's computers the moment that a domain is released. It's an electronic free-for-all where firepower wins. The more requests you send, the greater your chances of success.

This has resulted in some companies spending huge sums to sway the process in their favour. One of Momentous' tactics has been to register dozens of domain name registrars (the only companies allowed to buy domains direct from VeriSign), in order to boost their chances.

But if the current contract goes ahead, VeriSign will have automatic ownership of all expiring domains and companies will have to work within VeriSign's own framework to get hold of domains.

To a certain degree, Momentous is using the irritation from other internet consitutencies within ICANN over the contract to push home its point. But that fact is unlikely to bother those who agree with the wider contract criticisms.

Who it will bother is ICANN, Verisign and - if the freedom of information request turns up any evidence of unfair interference - the US government itself. ®

Top three mobile application threats

More from The Register

next story
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.