ICANN Goes .bonkers

On Open Enterprise blog.

Thanks a Trillion

The RIAA has done a huge service by taking on the doughty AllofMP3 service.

The December 21 lawsuit argues that 11 million songs were allegedly pirated, and seeks damages totaling $150,000 per violation. That's a $1.65 trillion lawsuit - a value slightly less than the Gross Domestic Product for the United Kingdom in 2005.

Put like that, you realise that RIAA is now certifiably bonkers: a tiny Russian company has caused almost as much financial damage as one of the world's biggest economies to an industry worth at most a few billion dollars? I don't think so.