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

[Reallybigidea.com]

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

 

[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

 

[Bob Hawkes]

Some (vague) comments from Google/Alphabet CEO on how they see Web3 and Google. This was from an earnings call with investors in February.

https://decrypt.co/91869/google-alphabet-blockchain-web3-ceo-sundar-pichai

 

[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

 

[Recons.Com]

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)

They do. If it is a $30 billion dollar a year market, that is nothing to sneeze at. They are well positioned to grab 5 to 10% of the market share and that would be 1.5 billion to 3 billion a year business. Why not?

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%.

 

[twiki]

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

Obviously LLL.COMs are worth something.

I see where you are coming from, from your other posts. No sales in the past 3 months... that is definitelly depressing.

But I would not call it quits yet. The truth is, the game continues.

It's just going harder and if you were on the edge previously, it would take you beyond the edge, where you don't wanna be (losses). But only if you don't up your game, which is what I have been doing lately.

Also, you have to rely much less on your preferences (as many domainers here do) and much more on what the market asks for. That means, more research, more expensive buys, pinpoint sales. If you have been doing inbound only, well, time for some outbound and a plan.

 

[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.

 

[Mytz.com]

you can do it ..you can give me you all domain.

 

[ahtum]

Not sure it's dead but certainly it has lost it's shine, I would call it normalisation. The activity in this market used to be bonkers on a resell level. But that was inevitable to die I guess, out of 100 domains, if you can't sell even 1, you will fold. Now it's mostly focused on providing value for the end customer, resell is kind of dead

 

[alcy]

Not sure it's dead but certainly it has lost it's shine, I would call it normalisation. The activity in this market used to be bonkers on a resell level. But that was inevitable to die I guess, out of 100 domains, if you can't sell even 1, you will fold. Now it's mostly focused on providing value for the end customer, resell is kind of dead

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..

 

[twiki]

Now it's mostly focused on providing value for the end customer, resell is kind of dead

That's only YOUR perspective, it's not the same for everyone else. Resell is still working - and well for some of us (although yes, pinpoint sales are good so your angle is a viable one)

See the sales reports thread. I'm reporting sales there almost daily, and my overall sales are increasing despite the market downfall, and continues / will continue to do so. It's not by accident, I've worked hard and getting better at the game - that's the simple answer.

If one can't get significantly better at what they are doing in such times, then yes, the solution is to bail out or focus on something that works for them.

 

[alcy]

That's only YOUR perspective, it's not the same for everyone else. Resell is still working - and well for some of us (although yes, pinpoint sales are good so your angle is a viable one)

See the sales reports thread. I'm reporting sales there almost daily, and my overall sales are increasing despite the market downfall, and continues / will continue to do so. It's not by accident, I've worked hard and getting better at the game - that's the simple answer.

If one can't get significantly better at what they are doing in such times, then yes, the solution is to bail out or focus on something that works for them.

why ain't a modest one
...so u say everyone whose sales are down now is cause they are not good enuf and did not improve.. what a sad case u are heh

 

[ahtum]

That's only YOUR perspective, it's not the same for everyone else. Resell is still working - and well for some of us (although yes, pinpoint sales are good so your angle is a viable one)

See the sales reports thread. I'm reporting sales there almost daily, and my overall sales are increasing despite the market downfall, and continues / will continue to do so. It's not by accident, I've worked hard and getting better at the game - that's the simple answer.

If one can't get significantly better at what they are doing in such times, then yes, the solution is to bail out or focus on something that works for them.

Lol, it's not my opinion, I know what it used to be like. I've been here since 2006, it was insanity until maybe 2011 or so.
Once crypto started gaining momentum a lot of capital flew there and NP/DNF got less and less active.

There is some activity now but it feels fairly deserted compared to those times. Luckily from what I noticed the last 2-3 years have been more active.

Again, I'm not saying domaining is completely dead or "OVER", there's probably still quarter million dollars worth of sales per day in the market (that makes it far from dead), just different to what it used to be and definitely a lot less capital in it.

 

[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.

 

[bmugford]

It's hard to make any widespread proclamations on the state of the market in general.

There are too many different business models. I generally make one-off sales to end users.
I basically don't sell domains to re-sellers. There is always some end user demand for decent to great domains.

If you are a re-seller, it could be harder hit. If you are involved in fields that are more speculative like Web3 (Crypto, NFT, etc.) that is likely going to struggle more than others with rising inflation and interest rates.

A lot of the garbage projects will get washed out like with the dot-com bubble. That will take a lot of money out of the field IMO.

In my experience the end user demand has increased over the years, but not anywhere close to the re-sell prices.
Every marginal .COM sells for like mid $XXX+ now on GD auctions. There is likely to be pullback in that type of speculation. If capital becomes limited, people will become more selective.

Brad

 

[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.

 

[bmugford]

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.

I have not been that active of a buyer lately because with a standard 1%-2% sell-through rate the auction prices don't usually make sense.

If there is a pullback on those, I will be ready to invest. Decent .COM make a lot more sense at low $XXX than mid $XXX and up.

Brad

 

[alcy]

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.

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

 

[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.

 

[alcy]

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

people tell ya u suck at guessing?

 

[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

 

[MasterOfMyDomains]

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

 

[poweredbyme]

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

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.

 

[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?