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I've been trying to think through examples of unofficial markets for things that are not allowed. Most of them seem to have higher prices than you would see in a regulated, official market. Can you explain why you think people would be willing to charge a lower price for something that was not allowed, rather than charging a premium?
I have similar question in mind, why people will pay a premium for
addresses while they can get it from RIR through allocation process?
You seem to have ignored the NIR's and the RIR's role in this. Do you not have confidence in NIR's and RIR's abilities to correctly evaluate requests that have been inflated?
I respect your experience in IP resources allocation and management,
and I also believe our hostmasters are perfectly capable.