VeriSign Shutting Down Site Finder
00420 writes "VeriSign, the administrator of the .com and .net domains, made plans to shut down its new Site Finder service Friday, after the Internet Corporation for Assigned Names and Numbers ordered the company to undo controversial changes. Of course they're not taking it down because it affected the internet, they're just doing it to keep good relations with the technical community. (Seems a little late for that doesn't it?)" The shutdown is not complete yet, though: VeriSign hasn't changed their wildcard DNS entry (64.94.110.11).
Note that "making plans to shut down" does not equal "shut down."
I guess this goes to show that after all ICANN does indeed have some authority over Verisign. Maybe ICANN isn't the pointless and powerless body we though they were.
Maybe they have plans to let ISPs wildcard to Sitefinder for a kick back.
Verisign gets $6 each year for each and every registration in .com and .net no matter who you "buy" the name from.
.com unto Verisign effectively in perpetuity (infinite renewals unless Versign does something very, very bad). There are no provisions in the contract to drive that amount to a lower amount. I voted against that contract.
This $6 amount was fixed into the contract under which ICANN (with the help of the US Dept of Commerce) gifted