Dictionary,
Forgive my ignorance, but what do you mean by quasi cyber currency?
I had made a comment or two earlier in the thread explaining... But here's my post from page 3:
"It is interesting though... how numerics are a form of cyber currency, like bitcoin, but not.
From the perspective of bitcoin, though... each coin is divisible a whole bunch of times (I don't remember what the max decimals is).
Numerics can't do that... Instead, they have been extending outward. Namely as NN became higher, so did NNN, and when they became high enough, the currency expanded out to NNNN, now they've reached a point where NNNNN become the decimal... and then eventually, should the 'currency theory' hold, the decimal will move out to 6N names."
So back to my most recent post that you're replying to: Surely no one seriously thinks that all 3N, 4N, 5N or especially 6N names will get developed, yet they all have a somewhat predictable value at any given time -- just like a Bitcoin.
Thus the more believable fact/point/notion is that these xN names are in "limited quantities", thus creating a quasi currency, like physical gold or diamonds or isolated pockets of real estate. Owning any of them has some value. The question of what "some" in terms of value actually means is where the market forces have deemed anything in this genre of .com (and some .net/.org) as "liquid" -- which means, compared to GreatKeyword.Com, you can almost always sell an "xN" or "xL" name for a fairly predictable price based on the market of other names traded. It's as close to neighborhood real estate valuing as we've seen in domains.
And, if you're in China and you don't trust the communist govt there, you're leery of holding Bitcoin because the govt has made some statements against it. You're also leery of anything .cn because the govt controls it. Real estate is bubblish there and, in the end, the govt owns that too. If you're looking for something somewhat "off the books" as it were, xN.com seems like an interesting place to look, if nothing else.
The deal with 6N then being that they are the natural next benefactors... or the next 'decimal point'... as 5N climbs to the point where a new decimal in the currency is needed. And when looking at the 1 million base quantity, it's hard too imagine that many folks who will just own and hold just 1. If you have 100k people around the world who'd like to hold an average of 10 each, they're all gone pretty quick. (Folks like Shane and I helping the average with our 100+.)
Anyway... just my opinion from looking at the landscape over the past bunch of years.