discuss Diem??

[DaveX]

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?

 

[DomainBrokerPro]

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]

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]

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]

thanks for sharing

 

[mrcurly]

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]

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

Congrats!

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

Agreed!

 

[DomainBrokerPro]

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]

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]

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]

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/

 

[DomainBrokerPro]

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/

I saw news articles that claimed it would be launched next month and the Wikipedia article on Diem also mentions January 2021.

 

[DomainWolf]

Good. That doesn't give Zuck time to change the name again.

mydiem.com sold for $2,665 on 12/19

 

[mrcurly]

Someone has bought

DiemCasino.com

think it was up for sale at $2k, whois info changed today

 

[DomainBarracksRob]

Someone has bought

DiemCasino.com

think it was up for sale at $2k, whois info changed today

Yes it was, I had made an offer on it a month ago, but lucky was not accepted after the counter,do to TM issues I didn’t want to be stuck with it!

Great name! But not worth going to war with FB for it.

 

[mrcurly]

Good. That doesn't give Zuck time to change the name again.

mydiem.com sold for $2,665 on 12/19

Mydiem.com was only registered on the 16th December 2020 too......great sale in 4 days!

 

[Keith]

Mydiem.com was only registered on the 16th December 2020 too......great sale in 4 days!

It deleted from godaddy and was caught and auctioned at namejet. There was 51 bidders...

 

[mrcurly]

It deleted from godaddy and was caught and auctioned at namejet. There was 51 bidders...

Oh I see, thanks mate.

 

[DomainBrokerPro]

Good. That doesn't give Zuck time to change the name again.

mydiem.com sold for $2,665 on 12/19

Someone has bought

DiemCasino.com

think it was up for sale at $2k, whois info changed today

Wow, incredible Diem sales!

XDM is not experiencing the same effect so far and I'm puzzled as to why.

If we compare as close to apples to apples as possible (non-expiring sales with sale dates as close as possible), then according to NameBio:

Bitcoin.global sold for 8,000 USD on 2020-02-23.

BTC.global sold for 5,000 USD on 2019-09-01.

This is the closest to an "apples to apples" comparison I could find on NameBio as the sale dates are less than 6 months apart and neither of these were closed auctions with limited participants.

This would suggest that "BTC" has 65% of the value of "Bitcoin".

So you would think XDM domains would be flying off the shelf with Diem sales like the above!

Diem names currently sell for $x,xxx, BTCexchange.com for example sold for $55,000, and yet XDMexchange.com struggles to move at $149 even though XDM doesn't have any TM issues?

Something doesn't add up.

 

[karmaco]

There is nothing odd going on. The coin hasn’t even officially launched. Chillax.

 

[DomainBrokerPro]

There is nothing odd going on. The coin hasn’t even officially launched. Chillax.

Regardless, I'm failing the seller with such high Diem sales happening while I can't move his XDM domains, and I don't like to fail my Clients. I had the entire portfolio of premium XDM domains priced just a bit higher than a single one of those Diem sales, and nothing. Maybe I'm not marketing them right, or flooding the market with premium XDM domains is working against the seller. Perhaps we need to take them all off the market and then auction them on Sedo one by one slowly with a low starting price and no reserve as Diem continues to progress considering how much myDiem.com sold for on auction with no reserve.

I'm going to advise the seller to end the XDM sale and hold off because I think they'll be able to sell them for much higher very soon, especially as more people see the prices Diem domains are currently selling for.

I'm very excited to see the high Diem sales this early on as that should bode well for XDM, so well done everyone.