Here's a pointer to my statement (pdf, 7 pages) to the House Small Business Committee for tomorrow's hearing on ICANN.
It amazes how people who ought to know better fall for Verisign's siren song about its vaunted infrastructure. In reality what Verisign has assembled is a suite of relatively easily replicable DNS servers backed by a transaction system that is tiny in comparison to that of many banks. The cost to replace Verisign's registry system and its suite of name servers for .com is really only a tiny percentage of the revenue stream that ICANN has gifted unto Verisign via it's $7 per name per year registry fee.
Posted by karl at June 6, 2006 11:54