registrars New display on GoDaddy when searching for names that are in Afternic

Joe Styler said:

It is only being tested

Click to expand...

GD skipped following some of the basic appraisal ratio rules: A/A, A/B, A/C, B/A, B/B, B/C, C/C ...

1. Verification
2. Validation
3. Testing
4. Prevention of unsystematic risk
5. Geo effect (Local, Broad, Specific ...)
etc

now is more like pawnshop owner without calling an external expert for appraisal and verification.
Good luck
imo

Loxline said:

GD skipped following some of the basic appraisal ratio rules: A/A, A/B, A/C, B/A, B/B, B/C, C/C ...

1. Verification
2. Validation
3. Testing
4. Prevention of unsystematic risk
5. Geo effect (Local, Broad, Specific ...)
etc

now is more like pawnshop owner without calling an external expert for appraisal and verification.
Good luck
imo

Click to expand...

You can read about the technical aspects which explains more about how the appraisal system is made. The main person working on it is a PhD MIT grad and his machine learning work is pretty unbelievable. We have large sets of data - millions and millions of sales which are compared the domains submitted for appraisal. We do quite a bit of comparisons. You can read more about it here - https://engineering.godaddy.com/author/jason-ansel/

I read it before posting. Still, GD did not follow the basic or feed-forward (e.g. ignoring "seller's" BIN price A/C / 2. Validation). More like reasoning based appraisal on the roll-back data instead of feed-forward verification. My suggestion is to stop "live" tests and do the thing behind the doors. Further tests can and it will hurt the GD & Seller's business. The confusion is the biggest enemy in every and each sale process.

Domaining (to me) is grinding and pricing at the sweetspot for the bulk of your names. It is also sometimes hitting the jackpot with a name that you believe in.

I will never list one of those if an algorithm says it’s worth 1/68 of what I’m asking, and tells my buyer about it. I don’t care how clever the AI is said to be. Think about that. (Don’t have an AI think about it, it would be a waste of electricity.)

New technologies are great. But first you need to learn when and how to implement them.

I am not seeing the appraising feature but i find it a bad idea. another appraisal tool that will mess with buyer's (and seller's) heads...

actually the all system was badly set-up. if you didn't list a BIN for your domain GoDaddy would show it like the domain was on auction with a deadline and a minimum bid. I had several times to explain to buyers that thought that the domains had a bid of just 250/300 USD or were selling for that kind of amount. and they were 5 and 6 figure domains names.

at least this new way has made a more clear identification on how and why the domains is being offered for sale.

The appraise button is right next to the domain in my account. So, I assume that they are testing it being right there if I sell the domain to someone else, telling them the domain they just paid $900 for is worth $100. Never mind that I can fully justify the price, the only way to disagree as a seller would be to move away.

In the article Joe referenced, https://engineering.godaddy.com/author/jason-ansel/ , the mean error rate for Govalue is about $1300 (from the graph). This means that HALF the errors will be MORE than $1300..... (three paragraphs lower: ) "... the Afternic reseller network has an average sale price of over $1,500 ..." So half of the sale prices of an "average" domain would be between $200 and $2800, and half would be above or below that.

Yes, perhaps Govalue is "1.5x better than Estibot" but it still is hopelessly inaccurate for single domains. It would be false advertising to have it anywhere near where domains are sold or kept.

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The Chinese influx - the total reset of short domain values in 2016 and continuing - is STILL not registering in this feeble artificial brain. After new gTLDs, China is probably the biggest domainer story of the decade. CHIP values are often given by GoValue that are hundreds below the minimum liquid sale price. It is a pathetic reflection.

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