Weird-ass ideology
The terminology is terrible.
But yes. When they say land they actually mean "natural resource".
The idea is that human-made resources should have their profits go to humans, but natural resources (most notably location value) do not belong to humans because humans did not make them, and also, the economic incentives normally associated with markets such as supply/demand management and price discovery don't apply because supply can't change.
Its extremely economically efficient and is endorsed by many economic thinkers on both the right and the left, as well as many social justice activists.
This is a decent recent video on the concept as it pertains to location value: https://www.youtube.com/watch?v=suiU5b9tmoE
Many georgists propose LVT + citizens dividend which is in effect a better version of a wealth tax with UBI - meaning it would be highly re-distributive from the asset-rich class to the asset-poor, and therefore very positive for inequality.
Citizens dividend has been a core idea since literally Henry George: https://en.wikipedia.org/wiki/Henry_George#Citizen's_dividen...
Just because you don't know what it means doesn't mean they don't.
Seems my understanding of Georgeism was correct after all. Maybe you're the one who should stop spreading misinfo?
Or did I miss the part where it proposes non-land-value types of tax?
This is why people refer to Norway's taxation of natural resource mining as "Georgist in principle" even though no land value tax is involved.
I (and I'm not original here) extrapolated that to other not-natural resources like IPv4 addresses, domain names, and so on that function much like a limited natural resource.
You even have cases of "land-banking" like nissan.com, although I don't believe Mr. Nissan ever intended to profit from owning the domain name; probably more akin to the main character of the movie Up.
You could say that it's intentionally kept scarce, and that is somewhat true, but currency is kept scarce because it only functions if it's scarce. Currency without scarcity ceases to be currency.
So I don’t see how to fix this except at the ISP level (forcing them). No one is preventing this but the providers.
It's closer to radiofrequencies I think, these are heavily regulated.
However radiofrequencies are purely natural resources, while IPv4 have a specific copyrightable spec design, domains have trademarkable TLDs
If the probability changes over time that the price might go up and back down for a 6 month period which is bounded inside of a single auction-able period, then the auction would not have ever captured it correctly... Low frequency auctions assumes perfect risk prediction which isn't realistic and comes with large insurance and analysis overheads.