debate Why regging Libra domains is ... I don't care

Recons.Com · Jun 27, 2019

So, let's share reasons why we don't care about Libra names

Here are few of mine:

- My sign is Libra, and yet I never thought of buying a name with it or naming a company/project/business with it

- Libra is the only lifeless/soulless sign of Zodiac

- Given that it is Facebook that is launching the currency, Hydra would have been more appropriate name ))

Dave · Jun 27, 2019

Hail Hydra!

In my opinion some people are still looking at crypto all wrong. They need to be looking at it from the perspective of the technology, not the currencies.

I am 99.9% sure that crypto technology is here to stay; ledger systems, decentralisation, software, apps and so on. As time goes on more and more companies and startups will begin to become specialists at crypto technology and will be looking for brand names in this niche.

Recons.Com · Jun 27, 2019

Dave said:
Hail Hydra!

In my opinion some people are still looking at crypto all wrong. They need to be looking at it from the perspective of the technology, not the currencies.

I am 99.9% sure that crypto technology is here to stay; ledger systems, decentralisation, software, apps and so on. As time goes on more and more companies and startups will begin to become specialists at crypto technology and will be looking for brand names in this niche.

Agreed. Tech is good, but currently what is happening is basically providing a venue for neo pyramid/ponzi schemes. Not much value is generated, yet the pyramid keeps ballooning. And of course it is bound to crash as soon as supply of the sheep cannot satisfy the appetite of the earlier sheep that was promoted to the wolf status ))

Super-Annuation · Jun 27, 2019

LibraAssociationCouncil.Com - made up of 1 representative from each validator node (Uber, Visa, etc)
LibraAssociation.Com.Au
LibraAssociation.XYZ

I was thinking LibraEstablishment.Com or CalibraEstablishment.Com, but left it. Still there for the taking.

Recons.Com · Jun 27, 2019

I love how these new niches work

Basically, for any new fad you can take top 10 000 words, add them before, after, use suffixes, prefixes, use different extensions etc. and come with 100 000 domains that will be bought. That is combined liability of $800,000/year. Now, there will be a sale here and there and maybe there will be 100 startups for whom it might make sense to get a name like this and they will pay average of $3000 for combined spend of $300,000 all time. Basically, each name has a chance of selling of 100/100000 = 1/1000 = 0.1% over few years.

Again, you need to be above 0.4% ANNUALLY for your names to be investment-grade.

But, then, again, not sure if I should care )) Wouldn't those funds be competing with me for better names?

artstar · Jun 29, 2019

yes and if u buy 1000 domains over a 5 year period and amortize the payments over that time frame and then divide by 2 then multiply by 6 then subtract the difference you have what? squat! oh too bad lol

Cebe · Jun 29, 2019

agreed

Recons.Com · Jun 29, 2019

artstar said:
yes and if u buy 1000 domains over a 5 year period and amortize the payments over that time frame and then divide by 2 then multiply by 6 then subtract the difference you have what? squat! oh too bad lol

Sure. Alternative facts, right? Look, you are not the first, you are not the last. We have seen it multiple times. Someone invests in a niche, then tries to pump it via specialized threads, shows lots of aggression to anyone expressing words of caution, tries to create a bubble and echo chamber where unsuspecting naive investors will see everything in rosy colors until the burn will come.

Go find threads where people were telling everyone how great 5L chips will be and counting days till buyout and attacking anyone warning that it was crazy. The same pattern as yours.

In one thread you ask simple naive questions about domains, in another you are yet an investment guru. So which one are you?

1000 names investment grade: 10 sold at $2K average, $20K, minus $8K to renew, $12K net before other expenses and taxes

1000 speculative names: 1 sold at $3K (being generous), $3K total, minus $8K to renew, $5K loss. The only ones makes some money with this are those putting zero value at time/effort spent. They will hunt $1-3/name coupons, register, sell 1-2, drop the rest and keep doing it over and over with an illusion of earning. They'd be better off flipping burgers at a fast food place.

artstar · Jun 29, 2019

alrighty then

bmugford · Jun 29, 2019

Recons.Com said:
Sure. Alternative facts, right? Look, you are not the first, you are not the last. We have seen it multiple times. Someone invests in a niche, then tries to pump it via specialized threads, shows lots of aggression to anyone expressing words of caution, tries to create a bubble and echo chamber where unsuspecting naive investors will see everything in rosy colors until the burn will come.

Go find threads where people were telling everyone how great 5L chips will be and counting days till buyout and attacking anyone warning that it was crazy. The same pattern as yours.

In one thread you ask simple naive questions about domains, in another you are yet an investment guru. So which one are you?

1000 names investment grade: 10 sold at $2K average, $20K, minus $8K to renew, $12K net before other expenses and taxes

1000 speculative names: 1 sold at $3K (being generous), $3K total, minus $8K to renew, $5K loss. The only ones makes some money with this are those putting zero value at time/effort spent. They will hunt $1-3/name coupons, register, sell 1-2, drop the rest and keep doing it over and over with an illusion of earning. They'd be better off flipping burgers at a fast food place.

Well said.

You could pick any niche like 3D, AI, IOT, VR, Weed, Crypto, and hundreds of others. There are far more losers than winners. The people who are the loudest also tend to be the least informed with the least experience, often with an attitude problem. It is classic Dunning-Kruger effect.

Brad

VirtualAssistant · Jul 16, 2019

LibraTimeline.com is now for sale

Recons.Com · Jul 16, 2019

anil.kumar said:
LibraTimeline.com is now for sale

Wonderful find! In fact, new era has begun! For example, year 2010 AD will now be known as year 9 BS (Before Start of Libra).

debate Why regging Libra domains is ... I don't care

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