[Rubber Duck]

So there's a series of things we have to work through before we have the pricing. I know I'm taking a lot of time, so I'll try to make more quickly.
I think I can summarize the rest of my points in saying that we are taking a lot of care in thinking about ensuring the stability of the mechanisms for introduction and for the ability for review, and, importantly, to ensure that there is some form of scaled measure of enforcement of undertakings by the new gTLDs.
So I want to give the community some detail of the issues that have not yet been brought to the board for consideration and that we, as a community, will need to work on over the next five, six months.
Thank you, Chairman.
>>PETER DENGATE THRUSH: Thank you, Paul.
Unless there is any -- Raimundo.
>>RAIMUNDO BECA: Thanks, Peter.
Today, we are confronted to a discussion of principles. And tomorrow, we will discuss about the implementation and the RFPs.
The wording we have today, I feel comfortable with it, just because it is -- it's sufficiently broad and it leaves the room to find a way to implement it.
Many people in the community, and even in this board, think that a broad definition is not implementable. No doubt, it's not easy to implement broad principles like those. But at least myself, I am persuaded that the converse is even less implementable. If we tried to make a definition and the definition of all these principles, we are going to be spending for many years and will not have consensus. We'll never achieve consensus.
I had the privilege many years ago, 25 years ago exactly, to be at the table discussing the guidelines of the OECD on privacy. And I can tell you how difficult, how difficult privacy of data is to achieve consensus between a European culture and an American culture. Almost impossible. And the fact is that the guidelines of the OECD have been used and not used according to the culture of different -- of the members of the organization.
Finally, I would like to underline that the root has to have two characteristics.
Number one, it has to be global. And not every string in the world is global.
And, number two, it has to be not scalable.
Why so?
Because of the billions of domains that we are going to have, not all of them, not all of the names are going to be -- we are able to put it in the root. The root will always be scarce.
And many times, the value of a string becomes not of the value of the name itself, but of the place, of the place where it is. As soon as we go from the right to the left in the spelling of a string, the names are getting lower and lower value. And, finally, a string which is in the fourth level within a company has no value at all.
So we have to have, in the preparation of the -- of these RFPs, a strong sense of saying, well, let's keep it global, and let's keep it not scalable.
In particular, I have said that before, and I will continue to say to this board, I have a big concern about vanity names. There's (inaudible) in the world that would like only for vanity, to have their name in the root. And they have the capital to invest and to be there.
We have to downscale that. If not, we are going to have millions, millions of vanity names in the root.
Thanks.
>>PETER DENGATE THRUSH: Raimundo, and Dennis.
>>DENNIS JENNINGS: Thank you, Chairman.
Just very briefly, I'd like to assure the audience here and online that we are aware of all the concerns of many of the people in the various stakeholder organizations, and we have considered them very carefully. And that, on balance, the board feels that adopting this resolution is in the best interests of the Internet and the public at large that we move forward the process of introducing IDN and ASCII gTLDs.
>>PETER DENGATE THRUSH: Thank you.
Well, thank you for those contributions from various board members. I think we have covered a wide range of topics, including the origins and the historic importance of this particular decision.
But I think sufficient time has now been given for board members to contribute, and I'm going to put the question to the vote.
So it's moved and -- was it seconded? Rita seconded.
I think we all understand the consequences. So I'll put the vote. All those in favor, please raise your hands.
All those opposed.
Any abstentions?
Well, I'm pleased to record that's carried unanimously.
Well done.