Located in Domaining Reviews, started by MapleDots, Mar 20, 2019
The First Amendment allows for "excepted speech", not "accepted speech"...or am I missing something?
How come we talk about "Frank Sch. ex-wife" ?
while those questions are still unanswered?
"Are the domains renewed past the 20 and 30 years? "
"So in the event, Epik ceases to exist or loses its registrar accreditation, will it be honored?"
and who will honor it.
"What happens when a customer dies to the domain?" ( exactly )
To my knowledge, a registrar is earning about $1 USD or less when selling
a .com domain at $8.49 USD
( my guess is: less than a dollar )
So for $27 USD profit
you have to renew a domain "forever"
So I guess the reason is not actually "peace of mind"
but to get receive a chunk of cash upfront.
Having read that you @Rob Monster
where formerly offering the registar epik for at a price
of only $50.000 USD to another company,
all this doesn't give me "peace of mind " at all.
Could you please clarify?
Frank, as usual, you have bad information.
Earlier in 2019 we raised capital at a common stock valuation of $10 million, In Q2, 2019, our revenues were $2.53 million up 71% versus Q1 2019. So far in 2019, we have also completed 2 important strategic acquisitions, BitMitigate.com and Sibyl Systems Ltd. The integrations for both are going very well.
The economics of a Forever.com are obvious. For $399, there is ample funding based on an 8% cost of capital at a .COM price of $19 or lower to fund the domain into perpetuity with a 10 years paid at the registry at all times. I will spare you the detail but you can be sure that we ran the numbers.
Yes, Frank, it requires math to underwrite math. Insurance companies do it every day. We are underwriting a known tiny risk that domains beyond 10 years from now will not become insanely expensive. You can read the detailed terms here:
Or buy one here:
And if you could do it for Frank.com you might just do it, knowing that if you have a heart attack tomorrow, your family won't forget to renew your domain name. We also offer FOREVER HOSTING where you can post content forever, e.g. personal time capsules, etc.
Just because you did not conceive an idea yourself does not mean it is not clever, worthwhile, viable, and sustainable. This is one of those cases, but like the idea of a Creator of the Universe, sometimes you have to suspend disbelief, and have a tiny modicum of faith.
I expect we'll raise another $2 million shortly from value-added strategic investors, and that will likely be the last capital we ever raise as a private company. For calibration, I am ~75% owner of the company following recent capital raises and 2 tuck-in tech acquisitions.
thank you for the long answer
internal facts of epik are not common knowledge
the fact that you offer unlimited hosting really calms my mind...
as I quoted earlier
this company gen/(.)com
offered unlimited hosting during the Millenium switch
this company was offering lifetime (forever) free hosting packages
for like $245 USD one-time payments
so please allow me to not be a believer
when it comes to "forever"-promises of a company
( I paid for the forever hosting at gen ... )
it's not a matter of faith and trust this time
that would not be good enough for forever I guess
still the question is unanswered
(at least I was unable to find the answer)
what exactly happens to a forever domain
when epik goes out of business for whatever reason?
what exactly happens to a domain
after the death of an owner
when the heritages know nothing about
domaining and the exact domain(s)
There is actually a thread designated already for this type of discussion:
The official *religious* discussion thread
Please use it.
When are you taking Epik public?
No ETA on a public listing, but if it were to happen it would likely through Merger/Acquisition rather than going out through an investment banker.
Momentum is obviously building across several lines of business now, and we are simply focused on product superiority and customer service excellence.
Because of our relatively high capital efficiency, ther is a reasonable prospect for delivering stakeholder return without requiring the overhead of a public listing.
Great financial analysis.
While we are talking about financials, why don't you post a copy of Epik's so your customers know what they are getting into?
You sent me a copy a few months ago when you approached me to sell Epik, remember? I'm not sure what account you hold your escrows in given in December 2018 you had less than $50,000 cash between your bank and Paypal accounts. That's not enough to even pay out all those people that you got to buy Masterbucks.
We share our detailed financials with our investors and prospective investors. We are raising capital but do so on a very selective basis among people that we like and trust and who we think add value to our company. That is a key advantage of being a private company -- you get to decide who are the stakeholders.
As for treasury management, we hold value in many forms:
- Cash on deposit with banks
- Cryptos on deposit in various secure places
- Domain holdings, including more than 9,000 O&O domains valued at $30+ million
- Loans to customers secured by domains (this is a lot more than you might think!)
- Funds on deposit with registries (also more than you might think)
We completed 2 acquisitions this year and used cash with both transactions. We did also receive ~$500K in equity investment since Matt saw those financials. Another $2 million pending, of which $500K is committed for later this month from a Dubai investor..
Our business is executing well. Our revenues in Q2 were up 71% versus Q1. If you want to know, it was $2.53 million in Q2. We are projecting to end 2019 with $15 million in revenues. We may well exceed that since some large players are moving to Epik.
these guys to me don't come across as evil minded at all
Some of most experienced Epik’s investors have spent decades trading, developing ... and buying/ selling domains ($mlns per domain). Do your DD . Consider the $50k mentioned above a business test (angle).
As for CloudFlare, I have my doubts there. I posted about it on Gab too:
They are however digital bookburners, and I fully expect them to ramp up the book burning as they build up to their IPO.
In the wake of the recent news about 8Chan and the subsequent leftist push to get Epik to dump all free speech sites, I did post a short impromptu statement in vlog format:
I might vlog more often -- mostly short impromptu commentary on Us.Tv, our up and coming alternative to YouTube.
Thanks to @DanSanchez for encouraging that idea. He is a resident expert on video production here at NP.
personally, I like what I read from cloudflare's CEO posting
much more than what I read from epik's CEO posting
Of course you do.
It probably helps to have a PR team planning weeks in advance. However, I think you might also like CloudFlare's world view a bit more as well which might provide bias.
My post about Gab was more popular and probably less rushed:
You might not like that one either but it was a more inspired article.
If/when CloudFlare finally takes down a site that you actually like, e.g. NamePros, maybe you will think differently.
Why would you post that URL? All the links go to spam pages that try to install some software. That’s a totally bogus page. 👎
And BTW, your going out of your way to smear your competitors like Escrow.com, CloudFlare, even Bodis, does not reflect well on you. Your services should speak for themselves. No need to trash talk your competitors so publicly. That’s just little more than juvenile.
As for CloudFlare, they obviously don't want BitMitigate to exist as an alternative to CloudFlare.
As for URL, I have no idea what you are talking about but as I recall that was a link on a web archive because CloudFlare had arranged to have Archive.org purged.
I never critiqued Bodis, and Matt would tell you the same. To the contrary, I helped him out with a heads-up. That is all.
As for Escrow.com, they absolutely threw the first stone and any objective observer will conclude the same.
Re: Bodis. You certainly flung some mud their way as per the posts below.
The URL opens in Archive.is page and the links are live that go to zero-click ads. At least on my iPhone they did.
I read your posts and cant stop scratching my head. 2 questions I have.
1. Don't you have a business to run?
2. Don't you think you need to hire a PR firm to help you deal with the so many fires you seem to be in the middle of?
I guess you speak german
at our video portal
a film is shown that denies holocaust murder
and tries to "debunk" eyewitnesses
the ex holocaust doctor talks to a surviving women
who interviews the doctor about the exact circumstances of her sisters dead
the german doctor tells her in german
that a 6 month period staying in the camp
was "normal" before she finally died
after that scene, the speaker tries to explain
why all this is fake news
in Germany, it's a crime to deny the holocaust
in my understanding, this video is not
a lawful content
There is nothing more than classy ombudsman work happening there. We are not even in the parking business. Here is the exact interaction:
In case you missed it, I do sometimes help with industry ombudsman work and dispute resolution. It is usually very civil and efficient. Example:
Us.Tv is a node on the decentralized PeerTube federation. The videos we host locally is under the tab called "Local". We have no idea where the other videos are hosted, and who hosts them. I am not sure if we can block specific videos from being viewed at Us.Tv, but we'll check with product manager @Taylor Ervin but I believe that is possible.
Epik revenues were up 71% in Q2 so apparently authenticity works.
the other problem is
it's hosted at "lokal"
Separate names with a comma.