> 
> 1. RIRs, following 
> https://www.icann.org/resources/pages/allocation-ipv4-rirs-2012-02-25-en, 
> would request new /8s, and receive those allocations.

I don’t think this applies any more. I could be wrong, but I think based on 
current practice, IANA would simply distribute 3 of the 16 /8s to each of the 
RIRs. 

That’s been the process for recovered blocks since the last 5 /8s from the free 
pool were distributed. 

> 2. Entities[*] with pent up demand would submit requests and have those 
> requests filled by the RIRs

Which would rapidly deplete that space in most RIRs and leave an abundance of 
wasted space sitting on the shelf in a couple of RIRs with policies that 
prolong the shortage on the pretense that it enhances the useful life of IPv4. 

> 3. While more /8s in 240/4 remain, go to step 1

Or not. (See my comment on step 1)

> 4. Return to status quo ante.

Which happens almost immediately for IANA and soon thereafter in most RIRs. 

> 
> In other words, while the IANA free pool is not (again) empty, network 
> operators would be able to get IPv4 address space at a fraction of the market 
> price, and then we’d go back to the way things are now.
> 
> This suggests the length of time the primary benefit (cheap IPv4 addresses) 
> would be enjoyed depends on RIR allocation policies.  ISTR a comment from you 
> earlier suggesting that based on current consumption rates, 240/4 would 
> fulfill needs for 50 years.  However, this appears to assume that current 
> “soft landing” (etc) policies would remain in place.  Why would you assume 
> that?  I would imagine there would be non-trivial pressure from the RIR 
> memberships to return to the pre-runout policy regime which was burning 
> through multiple /8s in months. In particular, I’d think the large scale 
> buyers of address space (as well as IP market speculators) who tend to be the 
> most active in RIR policy forums would jump at the opportunity to get “huge 
> tracts of land” at bargain basement prices again.
> 
> This doesn’t seem all that positive to me, particularly because it’s 
> temporary since the underlying problem (limited resource, unlimited demand) 
> cannot be addressed.  What positive impact do you predict?

Here, I 100% agree with David. (Which is quite rare)

Owen

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