discuss Domaining might be banned because IT is not FAIR.

[Abdillahi Abdillahi]

Just logged into my FaceBook and someone posted the following in a domain selling and buying group.

"Let's talk. I think it's really a form of extortion to buy a domain just so you can resell it for lots of money. A new domain registration costs $15 on GoDaddy (or $1 with promo code) so why should I or any other startup business have to come up with hundreds or even thousands of dollars to buy a decent domain off some scalper? I sold a domain once for $6,500 because I was actively using it for my own website but the guy just made me an offer I couldn't refuse. But I can't see how it's right to buy and hold domains you have no intention of using and demand gargantuan sums for them. This way all the good domains are taken up by resellers and only wealthy companies can get them. There's something disturbingly undemocratic about this. I wouldn't be surprised if this practice is eventually banned. Your thoughts?"

What are your thoughts on this ? I am not sure if he posted this here too but lets see everyone's comments.

 

[artstar]

Just logged into my FaceBook and someone posted the following in a domain selling and buying group.

"Let's talk. I think it's really a form of extortion to buy a domain just so you can resell it for lots of money. A new domain registration costs $15 on GoDaddy (or $1 with promo code) so why should I or any other startup business have to come up with hundreds or even thousands of dollars to buy a decent domain off some scalper? I sold a domain once for $6,500 because I was actively using it for my own website but the guy just made me an offer I couldn't refuse. But I can't see how it's right to buy and hold domains you have no intention of using and demand gargantuan sums for them. This way all the good domains are taken up by resellers and only wealthy companies can get them. There's something disturbingly undemocratic about this. I wouldn't be surprised if this practice is eventually banned. Your thoughts?"

What are your thoughts on this ? I am not sure if he posted this here too but lets see everyone's comments.

its libtards like this git who thinks a democracy is real!

 

[Ms Domainer]

its libtards like this git who thinks a democracy is real!

Actually it's the rethugs who are the takers of the world.

 

[AuctionBio]

you know the real estate, not every one can buy every where, everybody can not open in silicon valley, IF any body can't buy what he or she likes, there are many other options available and with marketing and SEO you can be on top and your domain will also be a billion dollar thing.
there are many startups where domain names doesnt mean some thing but they made it big, so i mean that still there are lots of brandable names available, if any can not afford big names they can go for these?
So I must say it is not unfair market. there are still thousands of brandable names available,

Its a business. There are lot of business where the actual cost is very low, and when it comes in the market it become hot cakes. Yes there are exception in some fields.

 

[AuctionBio]

Diamonds are made out of carbon and are tiny. They should not cost more than a dollar!

Oh, I forgot that demand-based pricing is used in market economies! :P

You nailed it...

 

[guru4444]

These are the people who in the name of startup build a worthless product and chase for investors to fund it.
"hypocrite".

 

[Ali]

You can suggest him to try these points with real estate people.

Exactly. Tell him to say that when he goes to rent an apartment. Lmaooooo

 

[DNabc]

For many years .pt domains could not be resold, the registrant info could not be changed without authorization. Also, the only way to register one was to have a trademark (the alternative was the .com.pt but almost no one wanted it)... so I only had one .pt domain (and thousands of .com), not worth the trouble of creating ghost companies. The result? Much less development... it took them almost 2 decades to change this policy.
I kept developing dozens of websites on .com and .net
Conclusion: I've seen this happening and it was a big mistake.

 

[bludex]

Companies pay branding agencies hundreds of thousands to come up with names, domaining is no different, we just have the names ready to buy

I would say domainers are quite unorganized regarding pricing of domains in respect to what the real financial benefit of owning the right domain for an end user is. We just might take this as a wakeup-call.

 

[disaac81]

I would say domainers are quite unorganized regarding pricing of domains in respect to what the real financial benefit of owning the right domain for an end user is. We just might take this as a wakeup-call.

While I do agree with you about some domainers being way off on pricing, remember no one is forcing a company \ startup to buy a name we hold.

The value of the "perfect" name is beating all your competitors because your name is just so much better. Almost priceless.

 

[Abdillahi Abdillahi]

I would say domainers are quite unorganized regarding pricing of domains in respect to what the real financial benefit of owning the right domain for an end user is. We just might take this as a wakeup-call.

I agree that sometimes when someone knows the company that wants their name, they might hike the price a little bit specially if the company is loaded with cash , having said that , it is almost impossible to have standard pricing in domaining as each domain can be different from another , the same way houses cannot have standard pricing.

 

[bobbarato]

I see a BIG problem coming for domaining. BIG! When time travel becomes possible, the first time bandits are going to go back to the earliest days of the internets and reg all the good names like VRabcXYZsex.net

Leave Al Gore's mama alone Time Terminator!

 

[domainer111]

Yes it's a free world.

Commenters like this seem to have difficulty with this.

As long as it's within the laws, anyone has the right to earn their living anyway they see fit.

Nobody has to buy a domain.

For that reason, it's not extortion.

Another assumption that the commenter make, is that great domains cost a fortune.

All of this highlights the scale of the marketing challenge facing domainers.

Perception is truly everything.

Against us are a lot of web designers - failing to point out what they should to their clients, to preserve the money entirely for themselves.

They are setting the perception, and we pay the price.

We have a very tough challenge ahead.

 

[Cdomains]

I would not worry. Godaddy spent millions on Berkins, Marchex, and other portfolios.

Do you think they intend on reselling them for reg fee?

I don't think so.

There are a lot of big players in this market that will fight to keep things just the way they are.

I don't think things are going to change any time soon, so relax.

 

[William V]

Maybe the government could form a Department of Unused Stuff that could track down and take wasted resources from people who aren't really using them. If it happens, this guy will feel sad when they come to take most of his brain.

 

[Jelani Abdus-Salaam]

this post is hilarious

 

[Optimal Names]

You can suggest him to try these points with real estate people.

Thank you. Conversation is done.

 

[bludex]

Domainers are located at the tipping point between global monopolistic oligarchies and the sharing economy.
http://www.theguardian.com/books/2015/jul/17/postcapitalism-end-of-capitalism-begun
"But what is all this information worth? You won’t find an answer in the accounts: intellectual property is valued in modern accounting standards by guesswork. A study for the SAS Institute in 2013 found that, in order to put a value on data, neither the cost of gathering it, nor the market value or the future income from it could be adequately calculated. Only through a form of accounting that included non-economic benefits, and risks, could companies actually explain to their shareholders what their data was really worth. ..."
Translation: What's a domain worth? I'd say everybody should be happy that domainers sell domains, instead of big capital holding the thumb on it.
And
"... if a free market economy plus intellectual property leads to the “underutilisation of information”, then an economy based on the full utilisation of information cannot tolerate the free market or absolute intellectual property rights. The business models of all our modern digital giants are designed to prevent the abundance of information."
It depends on domainers keeping access to domains in the reach of the "ordinary" human.

 

[Bean]

That guy isn't serious is he? His complaint in that excerpt is how the world we know today was built lol. If everybody only used(/bought) what they needed and nothing more, we would never be anything more than nature.
The very existence of modern human world depends on the concepts of 'more' and 'less', 'rich' and 'poor'. It is thanks to this imbalance that we've achieved what we have today. If everyone was 'equal', money would not 'flow' because there would be no 'potential energy'. It would be like a river on perfectly flat ground, the water is stagnant because there is no lower level for it to flow down to.

There is an actual need for 'hoarders' in the modern human world, people buying/acquiring more than they need with the intent of reselling for a profit.

 

[bludex]

That guy isn't serious is he? His complaint in that excerpt is how the world we know today was built lol. If everybody only used(/bought) what they needed and nothing more, we would never be anything more than nature.
The very existence of modern human world depends on the concepts of 'more' and 'less', 'rich' and 'poor'. It is thanks to this imbalance that we've achieved what we have today. If everyone was 'equal', money would not 'flow' because there would be no 'potential energy'. It would be like a river on perfectly flat ground, the water is stagnant because there is no lower level for it to flow down to.

There is an actual need for 'hoarders' in the modern human world, people buying/acquiring more than they need with the intent of reselling for a profit.

And better this way than bureaucratic determination of who is more equal than others...

 

[decode]

So this person thinks real estate is unfair, business is unfair, property rights are unfair, the free market is unfair, etc. The domain industry is one of the fairest and most transparent industries out there. Obviously this person wants to return to the feudal system, after all the massive job creation engine of the information age is "unfair."