[robalfonso]

Legal/Govermental/Regulatory issues, someone has to deal with it. No single organization is going to deal with every country and their various legal issues. Registries and Registrars help abstract a lot of that (ICANN definitely doesn't want to deal with it). I don't disagree with the ease of storing a few million records or more. That is not the real overhead and is in reality only a fraction of whats involved.

[ygaels_armpit]

Yes the added verification etc on top of the key/value lookup is the meat of it I guess. A complicated problem, I guess it'd be nice to somehow remove the money factor from a critical function of the net.