information Detected: Nat Cohen Sells Gremlin.com; Andrew Rosener Buys Jellyfish.com With Bitcoin...

Bros said:

Jellyfish and accurate are really awesome domains.

Click to expand...

Pritam Singh Obi said:

Thanks for sharing.Myworld.com is great domain.

Click to expand...

James Iles said:

Update January 20th 2018: In the first @DomainSherpa episode of this year, Andrew Rosener (@arosener) confirmed that the Jellyfish.com domain name was acquired for the equivalent of 12.5 Bitcoins. At the time of the purchase, the exchange rate was around $5,000 per Bitcoin, meaning the acquisition price was just over $60,000.

Click to expand...

wwwweb said:

Given they still own the domain, and now btc is about $13K the price is actually $162K

Click to expand...

offthehandle said:

Read the comments. Maybe “fractional ownership” is available and anyone interested in “investing” can buy “a piece” of the Jellyfish.
https://domainnamewire.com/2018/01/18/im-bullish-domain-names/

Click to expand...

wwwweb said:

Interesting concept, create a coin, allocate units, and say a group of people from namepros make a play for a $500K name, it makes sense. It always did, just has to be executed right

Click to expand...

offthehandle said:

Well, you should start one, and try it out. Tell us here on NP’s how you do when get one started and have bought and sold. It’s not for me personally or my thing, but do admire such success from whomever innovates and can make it happen.

Lot’s of political gotchas to consider before creating such a situation. Unless everyone unequivocally, irrevocably agrees in the “partnership” terms and agrees on all details. All must be financially equal and solvent, all agreed timeline to sell and agreed price. Or, one dictator and balance are limited partners. All agreed to settle any disputes in binding arbitration too. Things like unforseen circumstances like divorces from one individual could really F it up for other people in such a group and tie assets up in some court appointed valuation or forensic accounting.

I have sat back and listened to all the headaches friends and people I’ve known who have vested interest in Condominum projects owners/partnerships and find it messy. For me, it complicates things with decisions by commitee, ever try to sell to a group? Pain in the A$$. Ever been in a Band? But for others who own coops and condos with those levels of patience and can deal with headaches they work somewhat, but for me never plan to own “partial” anything.

With the right leasership and right group, sure it could work.

Click to expand...

offthehandle said:

Well, you should start one, and try it out. Tell us here on NP’s how you do when get one started and have bought and sold. It’s not for me personally or my thing, but do admire such success from whomever innovates and can make it happen.

Lot’s of political gotchas to consider before creating such a situation. Unless everyone unequivocally, irrevocably agrees in the “partnership” terms and agrees on all details. All must be financially equal and solvent, all agreed timeline to sell and agreed price. Or, one dictator and balance are limited partners. All agreed to settle any disputes in binding arbitration too. Things like unforseen circumstances like divorces from one individual could really F it up for other people in such a group and tie assets up in some court appointed valuation or forensic accounting.

I have sat back and listened to all the headaches friends and people I’ve known who have vested interest in Condominum projects owners/partnerships and find it messy. For me, it complicates things with decisions by commitee, ever try to sell to a group? Pain in the A$$. Ever been in a Band? But for others who own coops and condos with those levels of patience and can deal with headaches they work somewhat, but for me never plan to own “partial” anything.

With the right leasership and right group, sure it could work.

Click to expand...

domainer111 said:

Agreed but but the smart contract on the blockchain could solve these issues.

The premium domain holder issues the tokens. The price is set in the smart contract. There is a limit on the tokens. Original holder retains some tokens possibly, but of course has liquidated part of their ownership.

The price is set in the smart contract. Once the price is reached, the domain is sold. No if's, no buts - and definitely no committees!

Click to expand...