discuss Diem??

Silentptnr · Sep 4, 2020

This morning I read an article about a company that just registered a bunch of "Diem" domains. Something about crypto currency. I didnt' see any threads about this Diem, so I thought I would start one.

Here's a link to the article.
https://domainnamewire.com/2020/09/04/diem-is-this-facebooks-digital-currency-initiative/

Have/Are/Will you be registering any Diem domains?

BRDavid08 · Dec 6, 2020

@Rory Ivey ...no I don't know the price.

jideofor · Dec 6, 2020

mrcurly said:
I bought libra domains, silly me!

Joakim · Dec 6, 2020

*Error*

Samer · Dec 6, 2020

harshgupta said:
perhaps not as upset as someone who bought a pizza for 10000 bitcoins. shit happens... move on ...

“the $100M pizza”

Woke Monkey · Dec 7, 2020

New Name Selected by The Libra Foundation Could Confuse Existing Customers of FinTech Brand DIEM

https://www.prnewswire.com/news-releases/new-name-selected-by-the-libra-foundation-could-confuse-existing-customers-of-fintech-brand-diem-301187339.html

clarkemarketing · Dec 7, 2020

Just read the Diem trademark application with USPTO and it looks aggressive covering a huge range of products & services! I'm not sure we'll see very many major Diem domain sales... who would want to spend thousands on a domain that might get taken away? No trademark for XDM though, and very catchy (Exchange Digital Money)... I feel like XDM domains might be the play but most good keywords are taken unfortunately.

mrcurly · Dec 9, 2020

Fintech App Threatens to Sue Facebook and Friends Over Diem Name

https://www.gizmodo.com.au/2020/12/fintech-app-threatens-to-sue-facebook-and-friends-over-diem-name/

DomainBarracksRob · Dec 9, 2020

FYI ... I've Grace Deleted All DIEM names last week!

I own/hold 0....The FB TM was not posted on WIPO until 12/02 as I looked on 12/01 (which they filed) and would not have picked them up if I'd seen it to begin with. Was a huge learning experience.

However...

clarkemarketing said:
No trademark for XDM though, and very catchy (Exchange Digital Money)... I feel like XDM domains might be the play but most good keywords are taken unfortunately.

I have x/d/m (dot) (tv)

It is a great acronym as you point out

DomainWolf · Dec 10, 2020

I put a little money into XDM but not going overboard.
Dot poker
Dot global

mrcurly · Dec 14, 2020

Reg'd last week in king

XdmProperty

Getting some traffic already

Reddstagg · Dec 14, 2020

X-D-M .com

alcy · Dec 15, 2020

no matter what others say...nobody knows where crypto is going..if anywhere... holders hodl..its a gamble like any casino bet...cause the only fact is that hodler or others nobody knows why btc goes up or down.. and all have zero control over it.. what kind of asset or money is it where one has zero control over its value day to day...minute to minute... that's right it's the worst kind of asset

to get back to topic. maybe diem names for crypto are the best cause it's all about the now... and zero knowledge for future value

Malnasi Bela · Dec 16, 2020

alcy said:
no matter what others say...nobody knows where crypto is going..if anywhere... holders hodl..its a gamble like any casino bet...cause the only fact is that hodler or others nobody knows why btc goes up or down.. and all have zero control over it.. what kind of asset or money is it where one has zero control over its value day to day...minute to minute... that's right it's the worst kind of asset

to get back to topic. maybe diem names for crypto are the best cause it's all about the now... and zero knowledge for future value

Crypto is just as safe as any other currency is, since after all the base of money is trust and everything else is just a symbol.
Back in ancient Rome, they used to pay soldiers with salt, since that was more widely accepted as a currency than gold was. Pepper was also a currency, just like salt was. In A.D. 410, when Rome was captured, 3,000 pounds of pepper were demanded as ransom.
Now we just switched from salt & pepper to crypto, but the base remained the same: trust.

alcy · Dec 16, 2020

Malnasi Bela said:
Crypto is just as safe as any other currency is, since after all the base of money is trust and everything else is just a symbol.
Back in ancient Rome, they used to pay soldiers with salt, since that was more widely accepted as a currency than gold was. Pepper was also a currency, just like salt was. In A.D. 410, when Rome was captured, 3,000 pounds of pepper were demanded as ransom.
Now we just switched from salt & pepper to crypto, but the base remained the same: trust.

not so... btc can go up down as it see fits... and we all know usd does not do that.

if u are comparing btc stability to usd stability then u mislead people. it's not even same ballpark.

this is why cryptos are bad. owners zero control over their mega instability....

DomainBarracksRob · Dec 16, 2020

They weren't the first to coin/term "xdm" for crypto currency apparently
Take a look

https://www.darkmatter.info/

DomainBrokerPro · Dec 16, 2020

DomainBarracksRob said:
They weren't the first to coin/term "xdm" for crypto currency apparently
Take a look

Correct, that's the 3rd link at the bottom of my other thread.

Domain boy · Dec 17, 2020

clarkemarketing said:
Just read the Diem trademark application with USPTO and it looks aggressive covering a huge range of products & services! I'm not sure we'll see very many major Diem domain sales... who would want to spend thousands on a domain that might get taken away? No trademark for XDM though, and very catchy (Exchange Digital Money)... I feel like XDM domains might be the play but most good keywords are taken unfortunately.

This is why I unregistered my diem domain, and fortunately I was able to get a refund. I agree that XDM is very catchy and I was able to get XDMTrade (.com)

DomainBrokerPro · Dec 18, 2020

Domain boy said:
This is why I unregistered my diem domain, and fortunately I was able to get a refund. I agree that XDM is very catchy and I was able to get XDMTrade (.com)

Excellent domain, congrats!

The fact that there is no TM on it makes XDM the smarter, less riskier play, IMO.

If Diem instantly reaches billions of people thanks to Facebook, then XDM should be even more popular than BTC. BTCExchange.com sold for $55,000 in 2018 when Bitcoin was less popular.

So I think your XDMTrade.com could be a 5-figure domain in the making if Diem play their cards right.

DuDD · Dec 18, 2020

thanks for sharing

mrcurly · Dec 18, 2020

Had a mid $XXX offer on one of my domains, will let you know if anything comes of it

Got a feeling these domains are going to explode, with 2.7 billion users it's hard to see otherwise

DomainBrokerPro · Dec 18, 2020

mrcurly said:
Had a mid $XXX offer on one of my domains, will let you know if anything comes of it

Congrats!

mrcurly said:
Got a feeling these domains are going to explode, with 2.7 billion users it's hard to see otherwise

Agreed!

DomainBrokerPro · Dec 18, 2020

Found these that I think you folks may find interesting:

AdWeek: Can Facebook-Led Libra, Now Named Diem, Seize the Day When Its Crypto Coin Debuts?

Forbes: Fed Can Be NASA Of Money, Diem Can Be Space-X

Nasdaq: Don’t Underestimate the Impact of Diem on Facebook Stock

Facebook’s Diem stablecoin is an existential threat to traditional banking

Spotify Gearing Up to Support Facebook’s Rebranded Cryptocurrency, Diem

What is Diem? (Formerly FaceBook’s Libra Project) – A Detailed Analysis

What Is Diem? Introduction to Facebook’s Stablecoin

Diem Association hires another former HSBC staffer as chief of staff

Global Stablecoins Could Eventually Become Reserve Currencies: IMF Paper

From the link above:

They posited that private digital currencies could "emerge as important international currencies," with libra/diem possibly becoming the first example of a global stablecoin.

That's apparently from the IMF (International Monetary Fund).

Malnasi Bela · Dec 19, 2020

alcy said:
not so... btc can go up down as it see fits... and we all know usd does not do that.

if u are comparing btc stability to usd stability then u mislead people. it's not even same ballpark.

this is why cryptos are bad. owners zero control over their mega instability....

Money is pieces of paper around which we have built a consensus in that we agree that it means something.

According to Berkeley professor of economics Hal Varian, the dollar's value can come from two sources: the dollar bills carry value because the government in power says so or because people are willing to accept it as payment. He concludes that the value of a dollar comes not so much from government mandate as from social convention.

Varian suggests that the value of the dollar is a result of the "network effect." According to him, "Just as a fax machine is valuable to you only if lots of other people you correspond with also have fax machines, a currency is valuable to you only if a lot of people you transact with are willing to accept it as payment."

Source: https://www.nytimes.com/2004/01/15/...alue-without-government-backing-but-such.html

Woke Monkey · Dec 19, 2020

Malnasi Bela said:
Money is pieces of paper around which we have built a consensus in that we agree that it means something.

According to Berkeley professor of economics Hal Varian, the dollar's value can come from two sources: the dollar bills carry value because the government in power says so or because people are willing to accept it as payment. He concludes that the value of a dollar comes not so much from government mandate as from social convention.

Varian suggests that the value of the dollar is a result of the "network effect." According to him, "Just as a fax machine is valuable to you only if lots of other people you correspond with also have fax machines, a currency is valuable to you only if a lot of people you transact with are willing to accept it as payment."

Source: https://www.nytimes.com/2004/01/15/...alue-without-government-backing-but-such.html

Global Stablecoins are close to launch and will eventually be backed by a basket of Currencies/Assets/Cryptoassets.

The world will transact with them.

Woke Monkey · Dec 21, 2020

Libra becomes Diem and is (almost) ready to launch

New podcast episode: Libra upgrades to Diem and is (almost) ready to launch, Julien Legoc, Director of Policy at the Diem Association

https://paymentandbanking.com/en/libra-becomes-diem-and-is-almost-ready-to-go/

discuss Diem??

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