debate Domaining is over. Domainers must now drop the domains.

[Reallybigidea.com]

Domaining is over. Domainers must now drop the domains.
Do you agree?

 

[Recons.Com]

I will miss this community.
Thanks, everyone.

So this really big idea did not work, huh?

 

[Bob Hawkes]

I now see (sorry for being slow to realize this) that I think we are talking about different things, @Recons.Com . I agree with the following statement. I don't think decentralized domain names are much in the minds of most businesses, at least now.

But, if we are comparing the traditional domains and Web#N domains when it comes to underlying businesses, that is still 99%+ vs under 1%.

When I said that Web3/5 was being discussed by big businesses, I meant the core ideas of how the web would work and people would control and own their data, nothing specific about decentralized domains. I think there is a lot of interest, even from a purely defensive point of view. In my mind Web3/5 if it comes is very likely to be built on conventional ICANN / country code domains. Perhaps also part of ENS.

One difference, not the only, re Web5=Web2+Web3, and Web3, is the central role Jack and his people see for BTC. @bmugford raises a good point above about the need for a stable currency for business, and cryptocurrencies, at least so far, are not very stable in worth. I could conceive the important features of Web3 (or 5) without it being tied to any one, conventional or crypto, currency. In fact, isn't a tie to one cryptocurrency, BTC, contrary to the whole idea of choice and decentralization?

Good discussion, everyone.

Bob

 

[Lox]

There's only one web & gen/version 1.0, 2.0, 3.0, ... apps.

 

[Kingslayer]

Out of the 3 main digital assets what people invest in (crypto/nfts/domains).

Hypothetically If you got offered the choice between 1) $5 million in Bitcoin 2) $5 million worth of bored apes (as of June 2022 value) or 3) Casino dot com what would you choose?

*Terms are you cannot cash out until June 2023.

I know what i would choose, i'd pick Casino dot com - Because ultra-premium domains are more stable, Casino dot com will still be a multi-million asset this time next year, will BAYC and Bitcoin still retain their value this time next year? I'm not too sure.

 

[MasterOfMyDomains]

Great conversation
I had to google the meaning of alcy
Stupid urban dictionary
I see someone has even registered alcy.xyz

 

[twiki]

domaining will be over soon completely or in the way how it works today.

I partially agree, partially disagree. I disagree because it's not over yet. I agree because the end of domaining has started.

Any proof or at least a clear explanation as to why and how that would happen?

 

[domain400]

relax and enjoy free scoop.. I do timetravel... also bitcoin will be worth nothing.

Technologies go get obsolete and are replaced by better ones.

Domain names are foundational to the WWW, and this system of accessing websites through them has been working perfectly for over 30 years without any major changes.

For domain names to be dead, you will have to fundamentally alter the way in which the WWW works. I can't imagine that happening any time in the near future (read: 20-30 years down the line).

 

[Armageddon]

Domaining is over. Domainers must now drop the domains.
Do you agree?

Nope sorry
Just sold .us in 12 H
So domaining is not over now & for next at least 25 years when probably i will be dead so no count for me in 2050-2060 if will be over domaining

 

[BRANDERX]

I did liquidate some recently, but even that made me good money. I think domain investing is hard, but safe & can be quite profitable provided you're buying the right names so that you don't drop, but liquidate.

imo

 

[bmugford]

If you followed the advice of most (famous) rich people you would be broke by now. They have the ability to make bad investments. Everything to the moon!!!

Many of them can make assets move just based on their involvement, which means they can't lose.

The average person is not a billionaire who has the ability to deal with 50% - 90% losses when they bought some garbage coin that some famous person was promoting to the moon.

It is a fundamental issue with Web3, Web5, Webwhatever. To work as a currency you need a lack of fluctuation, and over the last month even stable coins were proven to not actually be stable as well.

It is a huge issue with this entire premise. Crypto will not scale as a currency unless it is easy to use and stable.

Brad

 

[ahtum]

another kumbaya guy..there was another around a day ago... u go round calling others negative when it's just being realistic... wars..famine...pandemic.. inflation... I guess that's not enuf for ya to call it a collapse

First time, eh? You're clearly very young and haven't experienced much.

 

[ahtum]

people tell ya u suck at guessing?

Well, I can guess you're full of frustrations that's for sure. Better go vent them elsewhere or find some doomsday forum with likeminded people. Pretty sure there's support groups for people like you.

Good luck and good health

 

[bmugford]

Their are services that will provide an app for $10 per month so cost isn't a major issue. Their are some avoiding app but for the most part it's essential to have an app. And, yeah mine are good enough not to drop but yeah it is interesting that margins vary from domainer to domainer.

My point is their own app is irrelevant to most small businesses. What is someone going to download an app of the local lawncare company?

Having a website gives you far more control, and looks way more credible in marketing than just linking to some facebook page.

Brad

 

[Future Sensors]

Do not drop your domains.

Okay. Thanks for the advice.

 

[J. Sharma]

Domaining is over. Domainers must now drop the domains.
Do you agree?

No, I think
If you have some good domains I am interested.

 

[Reallybigidea.com]

*Edit: to drop hand regs, meta, "brandables", hyphenated and low value domains.

Obviously LLL.COMs are worth something.

 

[The Durfer]

if I knew and invent this then by 2040 I will also be richest man on earth.. or u..if u do...by 2040 what we know as net ... won't even look same.. it's all just part of tech evolution.. we cant be typing names into browser address bar forever. it is good while it lasts tho..just as u spent 10mins to load page on dialup b4 and u were loving every second of it...

lol AOL youve got mail.

 

[Recons.Com]

Here is a simple test:

- Name one serious well known business that doesn't own and fully utilize a traditional domain. I don't know how many are out there, but won't be surprised if zero

- Name one serious well known business that doesn't utilize web3, 5, 7 ..., have zero interest in those and is generally clueless about the thing. Again, not sure about the number, but probably over 99%.

Now think why.

 

[bmugford]

I would agree with your first point that any serious company needs and has at least one domain name.

But if I am following correctly what you are saying in the following that 99% of companies have no interest in Web3/5, I don't agree. I do agree with, as in early days of blockchain, there is not much understanding and a lot of buzzwords. But I think enough corporate leaders are interested to be sure what sort of threat it may offer to how they traditionally operate.

There is at least one company interested. While people know Jack Dorsey as founder of Twitter, he is now the CEO of Block. They did $17.7 billion in payments in 2021. Since he had his people come up with the Web5 proposal, as I understand it, they are interested. I am sure that the big tech companies are interested, because if Web3 becomes what they proponents foresee it is a huge challenge to their control of so much of the internet today.

-Bob

PS I am out of edit window on previous post, but 'their' should be 'there' of course. Grrr... I hate short edit windows! (and don't know how I typed that )

Fair enough, but at the end of the day Jack Dorsey is overrated. He has founded (2) companies that have not turned a profit. Twitter has had a negative net income over the last 10 years.

Block (Square) is in the same boat. It has just delivers losses.

He is still a billionaire.

A lot of people make a lot of money with hype and actually deliver poor results.
Some people call them grifters, and there are a lot in the Web3 space.

Brad

 

[bmugford]

You think the leaders of Meta, Google, Microsoft, Apple etc. have no interest in what Web3/5 is proposed as being and how it would impact the current web? Collectively they represent a lot of dollars.
(edit -- this was in response to @Recons.Com not the comment by Brad that comes just above)

I think Web5 is not a thing. It is like Web3, only using Bitcoin...which defeats the entire purpose of decentralization and the other arguments for Web3 and against fiat currency.

Brad

 

[ahtum]

lol normalization.. let me laugh... the world and economy are collapsing. this has nothing to do with just domaining normalizing itself .. now..for no reason..naturally..

That's very negative talk, I don't see any economy collapsing yet and I don't see it happening anytime soon. Inflation is high, but that was to be expected after the pandemic and after you print trillions of dollars / euros / pounds etc. It will unwind in the next 12 months probably.

The domain market has been fairly even for YEARS, it's in not in a worse state than it was in 2019 for example, sales wise. The real problem I see is that it is not growing, but there's definitely money still left for people who are really into it.

Also, the past 2-3 years I noticed quite a bit more activity here compared to previous period.

 

[twiki]

Investor fatigue.

There are already plenty of people calling quits on bitcoin and the sorts. They currently sell at a loss. While the normal instinct of an investor in a dip situations would probably be to buy the dip.

Selling at a huge loss is probably not a wise decision in most cases, but anyway. It's usually an emotional decision. E.g. "I could not stand anymore seeing how my portfolio value diminishes".

Just like with stocks and crypto, the absolute same thing will happen / is happening with domains. If you don't make money anymore, what's the point in continuing to do what you did? But there might still be money ahead - if you manage adapt.

Certain investors (those with great portfolios or great methods) will continue to make a profit even in this new market. And yes just like @bmugford said, there are so many different models in domaining and some will be more successful next, other not so much.

Note: I doubt wholesale is going to work anymore next, due to the small margins.... One will definitely find more good stuff at drops etc. Which means, the time is to BUY not to sell.

Edit: I sold my 40 BTC years ago due to the same investor fatigue, so yeah... I know how that goes.

 

[Domo Sapiens]

The smart domainers* will be buying/investing in great domains at distress prices...

*with a long-term outlook.

 

[twiki]

Domains are part of information age technology and it may be the time for domains to retire.

What are you doing on NP, seriously?

This phrase speaks clearly to me that you don't understand domains, at all.

I'd suggest making assumptions in fields where you have a far better understanding. You might be inducing the wrong perception in those less experienced, with negative consequences against their performance, portfolios and finances in general.

Everyone in this thread, I'd suggest to ignore such ridiculous claims. Domains aren't retiring, not going anywhere.

It's just a downtrend like in everything else. It will continue to run and will likely start growing again in a few years once the current crisis passes (they all do at some point).

If you don't believe it, look in the sales threads, the domains I'm reporting. Actually my sales are ever increasing not decreasing, at least 2-3 per week, far more than before (aiming to reach one per day soon).

It's just like they said about bitcoin, also about .COM domains, that they are going bust, no they are not.

The web works based on domain names, they are the online real estate.

Saying that they are going to retire is as dumb as saying either that land will no longer exist on Earth, or that it will become either free, not for sale or impossible to be bought/sold anymore.

Dumb claims, sorry but I have to be frank here.

 

[domain400]

Even if it appears with AR/VR/XR glasses in metaverse there will be still domains

I don't think the metaverse will take off. Not all new technologies end up being mainstream.

It's usually the technologies that start off as being very boring that really take off decades later (antibiotics, microwave, internet, web, email etc.)

If human interaction through digital devices becomes the de facto way in which we socialize, severe mental issues will become a part of daily life and this will be the beginning of the collapse of the human civilization.