LLLL.com Floor Price Project - #MyPitch

[VURG]

This is my pitch.

I am pitching the idea that the LLLL.com investor community on Namepros work together to develop a business model protocol that I call the #CatchEngineProtocol. I believe that the Namepros forum format is sufficient to build the protocol around. The objective is for a LLLL.com thread to have a continuous stream of LLLL.com buyers (Who I call the Anchors) who have a steady budget to catch all the LLLL.com that need to be liquidated by sellers. This means that we can establish a continuous public floor price for LLLL.com in the same way that the share market establishes a continuous floor price for shares. This floor price system should establish greater liquidity for the LLLL.com market. I am convinced that there is a strong enough demand for LLLL.com to have a continuous floor price for LLLL.com sellers to know how much to sell their domain collection at any point. This would cement a degree of liquidity to LLLL.com domains and would attract new investors into the LLLL.com market.

The focus is by refining the protocol so that buyers and sellers know how to navigate the thread and so they can know at any point in time how to sell their domains and what the current price for their domains are. By proving this proof of concept with the LLLL.com domains, other domain investor groups can use the experience to develop models for other domain classification groups. I am suggesting the LLLL.com investor community to develop this proof of concept first.

At this point in time, I think a core community needs to be established to see if there is enough support in Namepros to launch this. I can't afford to be an anchor and the system doesn't work with a strong enough #AnchorGroup and so I think that this discussion needs to attract a significant core group. I also don't want to be a moderator of this. I can pitch the model and explain details about the model but some moderation may be needed.

 

[VURG]

Hi @scithe,

Two things to note:

• I was thinking of the Domain Buyer position to start the thread as I see this as a buyer driven model
• I am interest to know if there is more floor price competition for LLLL.com domains if the identity of the domain is hidden from public eyes

Interested in getting your feedback on this before considering launching a thread.

One thing about me is that if I got involved as an overseer of a thread is that I work in Australia and so my posts often are when a lot of Americans are asleep. I also spend of lot of time away from computers on weekends.

 

[VURG]

Hi @scithe,

I have had some time to think about your model approach to strengthen a LLLL.com floor price. I can see why this would be placed in the seller thread location and the merit to that. At the end of the day, a decision to go with a model has to be made by the buyer (you) as it is your money not mine. I am using the term #AnchorAuction to represent the format that you suggested. This is where you (The foundation Anchor) secure a guaranteed reserve price for any auctions that start with your requested reserve. This can be quite entertaining to watch as live auctions always are. By guaranteeing a reserve, it means that every auction with this format sells and the clearance rates for the auctions are 100%.

This format achieves the guaranteed floor price objective that my model achieves and so I am happy to support you if you are ready to go ahead with it. I can show evidence of my dedication to supporting the management of a thread with the LLLL.com Countdown that I managed for 2 years. If I start this thread, I want to make sure that everything goes well so that it becomes an asset to the Namepros community and it is ready for a handover to future managers then. I don't have a lot of spare time this weekend and so I wouldn't want to launch a thread straight away. I think we may need to clarify what details you want in the opening post to make sure that there is a clear launch where buyers and sellers are not confused.

If you have any questions, please let me know.

 

[VURG]

Just clarifying, if multiple buyers want to work with my model, my focus is to operate on a sequential order. If somebody matches @scithe's price at $70/domain and @scithe commits to going ahead with everything then the system works best if @scithe wins the $70 sales. If somebody wants priority over @scithe's offer, then they have to offer more than $70 per domain.

The order for buyers is:

• Maximum price first
• Of those offering maximum price, date, time order of when the offer is made

 

[VURG]

At the moment @scithe is not going ahead with using the #CatchEngine business model for domain names. This doesn't upset me. I am very grateful for his consideration to be part of this discussion. Thank you for everyone who has contributed to this discussion and thank you @scithe for considering being involved. I have learned a lot in the last 12 days. At this stage, I see a way to go forward with the #CatchEngineBusinessModel as a #BuyersAgentTrainer and I no longer wish to manage a Catch Engine buyers thread. I am very confident that the catch engine business model will take off in 2026 and will have a positive effect for domain names. As a buyers agent trainer, I can see a way that I can engage in the development of catch engine technology not just for domain names but the big picture at large.

 

[VURG]

I have been reviewing my business model. I have been considering the #ReverseAuction business model. This may be a catalyst to raising interest in LLLL.com. This is a very useful business model for smaller investors who want to by LLLL.com in small quantities. I am very interested in the potential of LLLL.com reverse auctions. The beauty of this is that you can have an auction without revealing LLLL.com that are being sold. This can be very advantageous to the seller who may want to sell the LLLL.com in the future without a record of previous offers.

 

[biggie]

Hi

nobody will bid on an unknown domain

enom/clubdrop had reverse auctions and all names had starting price of $240

so far, don’t see any of your “models” bringing sellers to the table

I’d rather let my llll com expire before selling for $70


imo….

 

[VURG]

Hi

nobody will bid on an unknown domain

enom/clubdrop had reverse auctions and all names had starting price of $240

so far, don’t see any of your “models” bringing sellers to the table

I’d rather let my llll com expire before selling for $70


imo….

Thanks for your feedback.

I have been working on my business model for more than 10 years and I am certain that I don't need to have LLLL.com domain names as my starting #ProofOfConcept market if there is no demand for it here. I see what I am doing is trying to drive an international movement to transition the world from #SupplyLogisticsModels to #DemandLogisticsModels in #InternationalTrade. As a statistician, I am convinced that #DemandLogistics gives superior #DataQuality than #SupplyLogistics. Because the data quality is higher, I see the development of #DemandLogisticsTechnology to be one of the most cost effective methods (if not the best) to reduce worldwide poverty. I am particularly concerned that search engines and artificial intelligence are not reducing poverty efficiently enough due to the limitations on the data quality they use.

I am concerned that overuse of search engine technology and artificial intelligence are spreading wealth inequality too much. My model that I am calling #CatchEngineTechnology is what I believe will reduce poverty risks more efficiently. It is what I believe is a catalyst for opening up #DemandLogisticsModels across the world. I do believe that international shopping systems have liquidity problems causing a lot of social problems. I also believe that the domain name market shares similar problems and hence why I am discussing my model here. I am convinced of the superiority of my model to Google's business model to reduce poverty in the world. It is superior because the higher data quality allows for significantly higher forecasting efficiency and poverty rates are statistically correlated to forecasting efficiency. I don't have billions of dollars to play with to argue the superiority argument but it is essentially a mathematics argument and doesn't need a computer to be won.

I expect my business model to take off and go viral one day but at this time in my life, I have limited financial resources. Thank you to everyone who has been part of this discussion. I have learned a lot.