James Iles

The Origin of Chips: Why Do We Use This Term?

Views:
6,855
Comments:
18
By James Iles, Dec 1, 2015
  1. James Iles

    James Iles NamePros Writer PRO Business Account VIP Trusted Blogger

    Joined:
    Oct 24, 2009
    Posts:
    1,238
    Likes Received:
    9,662
    It's a term that has been frequently used by domain investors in the past few months, but what does it mean, why do we use this term, and what does it describe?

    "Chip" is an abbreviation of "Chinese Premium." It describes a domain name that can be considered premium to a Chinese company or investor. Chips typically describe valuable domain names that are short and contain only premium letters, known as initials, which exclude the letters a, e, i, o, u or v.

    Although the term was initially used in relation to four-letter .COM domain names, it can be used to describe numeric domains without a 0 or 4 and other categories such as five-letter .COM's with certain patterns.

    @Tim Schoon, a domain investor and owner of PEJ.com Private Equity and Brokerage is credited with first using the term Chips to describe domain names. He first commented on why he thought the term had become so popular:
    For those who don't know, Giuseppe Graziano is a domain name broker who produced an excellent guide to investing in four-letter .COM domains, which is available to read here. His newsletter is also very informative and full of useful pieces of advice.


    Tim went on to describe how he started to use the term Chips to describe Chinese Premium domains in May 2015:

    The term Chip is also a very common word in the world of gambling. Gaming chips are used in many forms of gambling to represent a specific monetary value. Tim describes how the term Chips describes Chinese Premium domain investments perfectly for a number of reasons:

    Chip is a phrase that was initially popular when describing a four-letter domain name, but has started to become a regular description for many categories of domain name. As a word that appears very often on NamePros and around the industry, I think it's interesting to see where this came from, and why we use it. It is certainly more convenient than typing out "Chinese Premium(s)" multiple times in a paragraph or sales listing.

    The unintentional similarity between a casino chip and a Chip domain is also very interesting to note - both can be traded for cash and both can be used to take a gamble in the hope of making more money!
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. Next Article
    Weekly Sales Trends and Patterns - Sedo 12/1 Edition
    Previous Article
    Breaking: Daikuan.com Sold For An Eight Figure Fee
  3. Loading...
  4. James Iles

    About The Author — James Iles

    Writer for NamePros.com, domain name investor and broker. For all inquiries relating to stories and interviews, please email: [email protected]

    This is James Iles's 104th blog post on NamePros. View all blog posts

    Home Page:
    http://twitter.com/jamesiles
    Actions:
    Follow
  5. Comments (18)

  6. Mahogany

    Mahogany Active Member VIP

    Joined:
    Jul 16, 2011
    Posts:
    2,554
    Likes Received:
    892
    We also use it because we are lazy typers. We=Average message board users.
     
  7. Keith DeBoer

    Keith DeBoer BrandBucket Brand Ambassador PRO VIP

    Joined:
    Feb 16, 2015
    Posts:
    1,945
    Likes Received:
    2,843
    Thanks James!
     
  8. RU

    RU I'm out of domaining. ~Russel VIP

    Joined:
    Oct 26, 2013
    Posts:
    5,718
    Likes Received:
    3,259
    Chip Chop
     
  9. Domain Shane

    Domain Shane Active Member DSAD.com Staff PRO ICA Member VIP

    Joined:
    Jan 18, 2008
    Posts:
    516
    Likes Received:
    1,827
    First time I've heard of that term. Thanks for sharing :)
     
  10. James Iles

    James Iles NamePros Writer PRO Business Account VIP Trusted Blogger

    Joined:
    Oct 24, 2009
    Posts:
    1,238
    Likes Received:
    9,662
    @Domain Shane I think I've seen Aaron use it once on your blog... ;)
     
  11. Nick V

    Nick V ԝԝԝ.NAMES.plus NamePros Supporter VIP

    Joined:
    Apr 18, 2015
    Posts:
    2,680
    Likes Received:
    738
    I am pretty sure a particular NP member started using it months ago. I don't like the term at all. Chinese don't use it and I think it's somewhat distasteful. The correct term is shengmu.
     
  12. Mahogany

    Mahogany Active Member VIP

    Joined:
    Jul 16, 2011
    Posts:
    2,554
    Likes Received:
    892
    We're American and lazy brother. Sad but true.
     
  13. Nick V

    Nick V ԝԝԝ.NAMES.plus NamePros Supporter VIP

    Joined:
    Apr 18, 2015
    Posts:
    2,680
    Likes Received:
    738
    We don't need to be ignorant. Things like this are part of the reason America is looked down upon by other countries.
     
  14. mirul

    mirul NameSifu.com VIP ★★★★★★★★★★

    Joined:
    Jul 8, 2007
    Posts:
    4,199
    Likes Received:
    2,162
    +1

    WeChips = Western Chinese Premium

    :xf.grin:
     
  15. Billidn

    Billidn Established Member ★★★★★★★★★★

    Joined:
    Jul 3, 2006
    Posts:
    304
    Likes Received:
    31
    Why is 'v' included (with a,e,i,o, and u which are proper vowels and sometimes y if i remember correctly) .
    Y is also not listed in OP, just curious

    from search on google, it says
    V is not a vowel. A;E;I;O;U; & Y are the English vowels, although Y can also behave as a consonant when it is at the beginning of a word
     
  16. Domain Shane

    Domain Shane Active Member DSAD.com Staff PRO ICA Member VIP

    Joined:
    Jan 18, 2008
    Posts:
    516
    Likes Received:
    1,827
    I did but now that I find out that some dude in Chicago is offended so I've switched to calling them Shamoos or something
     
  17. solarix

    solarix Active Member VIP

    Joined:
    Jun 4, 2013
    Posts:
    3,367
    Likes Received:
    724
    Why not just call them $$$$$? :)
     
  18. forge

    forge cling-free VIP

    Joined:
    Oct 15, 2013
    Posts:
    3,532
    Likes Received:
    7,200
    Soon to be discarded and replaced by a more widely applicable term: Chumps.
     
  19. Joseph Green

    Joseph Green Established Member ★★★★★★★★★★

    Joined:
    Nov 2, 2007
    Posts:
    748
    Likes Received:
    1,045
    It's explained in this article:

    https://www.namepros.com/blog/investing-in-llll-com-a-starter-guide.883841/
     
  20. djum

    djum Active Member VIP

    Joined:
    Jun 5, 2015
    Posts:
    1,374
    Likes Received:
    1,307
    I know all 3: Chips, shengmu and initial.
    No difference, really, as long as everyone understand, what domains we talking about.
     
  21. Maxwell

    Maxwell Active Member VIP

    Joined:
    Apr 23, 2014
    Posts:
    1,306
    Likes Received:
    594
    It's a great, casual term for it imo
     
  22. mwzd

    mwzd Top Member VIP ★★★★★★★★★★

    Joined:
    Jan 8, 2007
    Posts:
    8,949
    Likes Received:
    1,047
    No one is using Chips to denote the Chinese, just their buying preferences and if anything it's flattering to them, the western world finally cares enough to recognize what they like.
     
  23. Sapphiro

    Sapphiro Established Member

    Joined:
    Aug 14, 2008
    Posts:
    497
    Likes Received:
    2

    Because no chinese words starts with the V sound, no hanyupinyin spelling of any chinese words starts with "i" and "u"
     
Loading...