points by lxgr 3 days ago | 0 comments
> like the auctions for bandwidth for mobile operators but again, where does the money go?
Doesn't matter. The entire point is price discovery and fair allocation. Once the resource has initially been allocated, you can allow resales, but without an auction, how would you determine the initial price?
[–] hagbard_c 2 days ago
[–] lxgr 2 days ago
If the primary purpose of the auction is to make sure the resource gets allocated to the entity that sees the most value in it, this mechanism still works regardless of whether the money goes to the most evil person/entity you can imagine or to the charity of your choice.
Of course I'd rather it go to something useful to society too, but I hope it's clear how that's a different conversation.
That's how you end up with the untold amount of waste and fraud in government everywhere. It does matter where the money ends up because otherwise it will be wasted and/or swindled away.
As said we're not there yet w.r.t. the need for such measures, the interesting photo notwithstanding. There is time enough to prepare for the eventuality that such measures are needed which also gives time to define a price point based on e.g. the revenues and profits achieved by those using LEO for their operations. The same was done for bandwidth auctions - and I have no idea where that money goes - so it can be done again here if and when needed.