James Iles

Blockchain Company Monkey Acquires Monkey.com for $500,000

Views:
4,725
Comments:
64
By James Iles, Aug 21, 2017
  1. Acroplex

    Acroplex Top Member DomainGang.com PRO VIP ★★★★★★★★★★

    Joined:
    May 31, 2003
    Posts:
    3,610
    Likes Received:
    1,068
    This is actually the view of a Bitcoin millionaire, not my words. Ironically, Monkey.com fits the monkey business well.
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. Keith

    Keith Top Member VIP ★★★★★★★★★★

    Joined:
    Jan 16, 2007
    Posts:
    7,187
    Likes Received:
    5,222
    Loads of people with little sense become millionaires in the crypto space. Rick is a millionaire from domains and he bought asscoin. Just goes to show that being a millionaire doesn't equate to the IQ.
     
  3. KP15460

    KP15460 Established Member

    Joined:
    Jul 28, 2017
    Posts:
    16
    Likes Received:
    35
    Yea Crypto is legit and will explode in 2 years or so. Microsoft and a few other fortune 500 companies see the writing on the wall and jumping in. I think it was a great transaction, take the 400k and 100k as a sweetener.
     
  4. 888domainsale

    888domainsale Business Member Business Account

    Joined:
    Dec 20, 2015
    Posts:
    456
    Likes Received:
    208
    Well..patience always pays off. Congrats to the seller and buyer. Thanks!
     
  5. Acroplex

    Acroplex Top Member DomainGang.com PRO VIP ★★★★★★★★★★

    Joined:
    May 31, 2003
    Posts:
    3,610
    Likes Received:
    1,068
    Microsoft and Intel are introducing blockchain services - that's the BTC/cryptocurrency technology, but has nothing to do with the tokens/coins/digital cash. All these ICOs are essentially game money.
     
  6. Keith

    Keith Top Member VIP ★★★★★★★★★★

    Joined:
    Jan 16, 2007
    Posts:
    7,187
    Likes Received:
    5,222
    No, many are legitimate companies that have chosen to raise funding via coins instead of stocks. We are witnessing an entire shift as it pertains to the existence of currency itself. The funding mechanism used by these "crypto companies" is catapulting us into a new era of money and defining what an actual dollar is worth!
     
  7. Mister Funsky

    Mister Funsky Active Member VIP

    Joined:
    Feb 25, 2016
    Posts:
    1,036
    Likes Received:
    4,304
    Not trying to stir the crypto pot here, but long term there will be issues me thinks. As soon as government (any major country) declares it an illegal transaction (due the shady elements using it) the bottom will fall out.

    However, in the short term, it may be a good way to make some cash if you buy in to the right one before it becomes popular like btcoin.

    (btw-that monkey spanking comment in an earlier post was good!)
     
  8. Keith

    Keith Top Member VIP ★★★★★★★★★★

    Joined:
    Jan 16, 2007
    Posts:
    7,187
    Likes Received:
    5,222
    A transaction in what sense? All wallets are anonymous and the smart governments are getting on board. Your comment is confusing.

    If the US said all crypto trading was banned I would just open a bank account elsewhere. The market is too big to be ignored now.
     
  9. Mister Funsky

    Mister Funsky Active Member VIP

    Joined:
    Feb 25, 2016
    Posts:
    1,036
    Likes Received:
    4,304
    Don't get me wron...I love the idea of crypto currencies...keeps the big institutions from ruling the world (a little less). But many times in history a 'currency' has been deemed illegal and/or illegal to use and I could be done in the case of crypto. Hope not, but possible.
     
  10. Casey L.

    Casey L. Active Member VIP

    Joined:
    Sep 7, 2015
    Posts:
    1,530
    Likes Received:
    1,397
    i still have a shoe box full of chuck e cheese tokens...am I the next Elon Musk Crypto Entrepreneur Billionaire?
     
  11. Gaurav74

    Gaurav74 Established Member

    Joined:
    Jul 4, 2017
    Posts:
    212
    Likes Received:
    12
    Crypto is the boss of current domaining market.
     
  12. Jasonn

    Jasonn Active Member VIP ★★★★★★★★★★

    Joined:
    May 29, 2007
    Posts:
    994
    Likes Received:
    627
    Its still speculation. I'm not sure what you define as a real company but there are so many coins that have already gone the way of the dodo and many more will do the same. all these various coins are just riding the wave right now. there is no point and no need for most of them.
     
  13. Keith

    Keith Top Member VIP ★★★★★★★★★★

    Joined:
    Jan 16, 2007
    Posts:
    7,187
    Likes Received:
    5,222
    Again, it's lack of research and knowledge that leads you to this viewpoint.

    This is the stock market of the future. These "coins" are real companies. They provide products, services, information, handle/store data, facilitate transactions in every form imaginable... there is about as much speculation in the crypto market as exists on wall street.

    The mistake that some are making here at NP is trying to compare crypto to domains. The two aren't in the same universe!
     
  14. Jasonn

    Jasonn Active Member VIP ★★★★★★★★★★

    Joined:
    May 29, 2007
    Posts:
    994
    Likes Received:
    627
    I do lack some knowledge for sure but I'm willing to bet in 10 years time there will be 2-3 of these "coins" left. blockchain is some pretty cool tech but if the point is to use these coins to buy stuff, you really only need one.
     
  15. Keith

    Keith Top Member VIP ★★★★★★★★★★

    Joined:
    Jan 16, 2007
    Posts:
    7,187
    Likes Received:
    5,222
    The point of these coins has absolutely nothing to do with buying stuff. In 10 years there will be thousands upon thousands more coins, just as thousands of stocks exist...
     
  16. Jasonn

    Jasonn Active Member VIP ★★★★★★★★★★

    Joined:
    May 29, 2007
    Posts:
    994
    Likes Received:
    627
    What would the point of that be? Stocks represent an investment in what a company makes/does. If a coins sole purpose is to be some kind of investment...what are people investing in? What are they making besides a "coin" to buy and sell?
     
  17. Keith

    Keith Top Member VIP ★★★★★★★★★★

    Joined:
    Jan 16, 2007
    Posts:
    7,187
    Likes Received:
    5,222
    People are investing in what the company is providing. The coins are just shares of stock. This is a stock market controlled by your peers, not the government. It also knows no boundaries as trading and values are the same no matter where you are located.

    This is why the US gov is panicking. They aren't in control of this new monetary system. But pay attention as they are trying to find a way to regulate monies that are for the most part anonymous.
     
  18. Jasonn

    Jasonn Active Member VIP ★★★★★★★★★★

    Joined:
    May 29, 2007
    Posts:
    994
    Likes Received:
    627
    So I'm guessing bitcoin isn't involved in what you are talking about as no company owns it and it provides nothing. I guess I'm a bit confused as when I was looking into these coins a few years back there was no talk of a stock market alternative with bitcoin, litecoin, etc. So what you are saying is for example, microsoft will have its own coin that you can buy like a stock as an investment in the company?
     
  19. Keith

    Keith Top Member VIP ★★★★★★★★★★

    Joined:
    Jan 16, 2007
    Posts:
    7,187
    Likes Received:
    5,222
    Microsoft has actually partnered with a few crypto companies for their azure program. Dive into man, it's not what you think it is.

    And yes, btc is strictly in existence to handle monetary transactions for goods, services. It also acts as the default coin when other coins are traded.
     
  20. mwzd

    mwzd Top Member VIP ★★★★★★★★★★

    Joined:
    Jan 8, 2007
    Posts:
    8,948
    Likes Received:
    1,049
    If your coin has no purpose / asset aside from being a 'currency' then it's a scam.

    If on the other hand the coin issuer has some viable assets / business plan that use the blockchain as intended and uses tokens to transact, then the coin has 'some' value.

    That value is arbitrary, largely dependent on market sentiment, value of the service, cost benefit etc etc.

    Coins will explode actually, each person will have their own crypto currency, think of it as shares in the person.

    And fame of that person will probably determine the value of the coin, so people will try and invest in those that will probably become famous before they do, as that would lead to the appreciation of the coin value.

    This probably explains what I'm saying a lot better: http://bigthink.com/capitally/the-personal-thesis-of-launching-your-own-personal-cryptocurrency
     
  21. Acroplex

    Acroplex Top Member DomainGang.com PRO VIP ★★★★★★★★★★

    Joined:
    May 31, 2003
    Posts:
    3,610
    Likes Received:
    1,068
  22. James Iles

    James Iles NamePros Writer PRO Business Account VIP Trusted Blogger

    Joined:
    Oct 24, 2009
    Posts:
    1,163
    Likes Received:
    9,042
    We have a copy of the Escrow.com contract signed by the Escrow.com rep, the seller and buyer with the terms of the transaction listed.
     
  23. -EM-

    -EM- Top Member VIP ★★★★★★★★★★

    Joined:
    Oct 29, 2006
    Posts:
    3,052
    Likes Received:
    1,447
    These crypto coins are only for money laundry.
     
  24. domain hacks

    domain hacks Established Member

    Joined:
    Apr 12, 2014
    Posts:
    175
    Likes Received:
    199
    People talking about crypto the way they used to talk about internet in 1994......Is this Stay at Home Mom forum or a business forum?
     
  25. Charles Carreon

    Charles Carreon Established Member

    Joined:
    Jun 22, 2017
    Posts:
    22
    Likes Received:
    38
    The entire business world is breaking out in a rash of CryptoFinance, because the bankers don't really add value to the process, and in fact, have put a tourniquet on world trade by becoming addicted to stock market speculation fed by endless rounds of Quantitative Easing.
     

Share This Page

Loading...