Morning Folks!
"If I got 1000 Bitcoin for FREE I still made MORE w/Domains + I have 6500/6540 original names left! + Active Businesses #DomainNames are the only #digitalasset that has real underlying value! Our day in the sun is here!"
I had that tweet on Twitter today that is worthy of its own Blog post. So Let's take a deep dive. Well actually not too deep because there was no reason to dig deeper. The results are that stunning!
So....If I sold my 1000 bitcoin I walk away with a cool $60 Million. Not bad!! But Domains are better!
Domains have FACE VALUE. They have INTRINSIC Value and they have REAL value. They are unique and they are collectible. They can be reimagined in MOMENTS! They are visible and useable worldwide. Trillion dollar companies run their worldwide operations frm a single domain name.
But forget all that. Just forget it.
Besides selling only about 40 of my domains I have 6500 still to go. 1000-1500 of them with GREAT value! And rising! Bitcoin helps!
But the businesses I share in is the invisible hole in the donut that will allow me to buy bitcoin for a lifetime IF that is what I choose. Candy.com itself (now GreenRabbit.com after selling their Candy.com "Booster Rocket") will allow me to buy 1000 bitcoin when I sell my shares in about 3 years with my 8.88% share of the company.
Bestodds.com will be going live very soon and that will spit out it's own load of bitcoin or dollars or real estate or whatever I want for the next 20 years.
Punchbowl.com is still.an active entity with deals with Disney and others.
And now I have agreed to the basic terms of Property.com. Possibly my biggest deal yet. I will own 13.5% of that new entity.
In these businesses and others I am simply a Silent-partner. My only duty is done at the beginning. By picking the right ACTIVE partner.
It took a LONG time for the "Domain TREE" to mature, but now it is in full bloom and the fruit of 25 years is RIPE and VISIBLE! Visible and proven. Nobody has to take my word for it like it was 20-25 years ago. Now there is an active multi-billion dollar market that is growing daily and has never ever been hotter than right now in 2021.
With Bitcoin, I can buy it, sell it or use it. I can not control the value. The value would control me. With NFT's, I am still trying to wrap my head around that bag of smoke. But that just helps domains take their right role on top of the digital mountain. The TOP!!
Now please understand I own BOTH. I see synergy between them. But you have to cash in one to achieve that synergy and it goes both ways!
But make no mistake, a GREAT domain name is SUPERIOR to ONE bitcoin but possibly MANY bitcoin and like a golden goose, a domain can be spitting out a lifetime of bitcoin. Can a bitcoin do that?
And for clarification when I talk bitcoin I am also talking crypto but bitcoin is the first name associated with crypto for most. It's branded!
And of course, I am talking ultra-premium dotcom domains. That is always my basis.
And of course, it takes real work and talent to find those domain names. To recognize them. To understand their value and why. And then to either turn them into businesses, lease them or sell them etc.
So while I write about the 2 digital assets as competing, I am really just showing the depth of one compared to the depth of the other. Why one is the King of the Hill! Now you know, and now you know why!
Rick Schwartz
KW Boswell
Thank you always sharing very noteworthy information. I reread several times the parts that begin with “And of course”.
Javier
Would be great to hear your insights on how to structure domain “stock” deals, mixed cash/stock, with examples, etc. I think the potential for deals like that is big and you have plenty of experience to share.
Lifesavings
Hi, these topics interest me. I understand you desire to compare, but it is past. While prudent, I tend to explore the future more.
I think BTC is garbage. It isn’t money and never will be money. Every economist knows deflationary money is bad. It turns into an ‘investment’ (you could argue bitcoin is this), and people don’t take risks or innvotate. If bitcoin were embraced as money, socicity would devolve. A lot about that could be said.
I believe crypto has a place, but either by 1) digital utility (online-gaming items, example) 2) representation of a real underlying assets (gold, example).
So to go on to domains. There are big problems here Rick. It is working now, but powerful forces are against. People think im crazy and this is impossible thinking. Bear with me.
Starlink. This is a big deal. This is pretty fast. We can get itno the technicals of it, but for the ‘greater good’ (people connecting from remote places, or even p2p from a distance), it is better than cables.
I do think Starlink will be embraced, if not encouraged. This might take 15 years to accomplish, but we will be transferring data in the air. If you can imagine, the root servers we use will become SLOWER, ineffiecent and a liability (ICANN?).
To that, blockchain domains are a solution. I don’t necessarly mean the ones that exist now, but ANY of them could become popular.
Have you heard about the brave browser, their model and ambitions? That is no small thing, and it’s lightyears better than google we have today. It will also promote a future of ‘micropayments’ and ‘subscriptions’ to access content. Many are against this Idea, but not me. Ads are SPAM. Most people aren’t appreciating it, and huge middle men are taking all the money. The progression to the brave model will happen.
Brave has ambitions to promote blockchain domains, and support in their browser. This is a key. Those folks, they’re not dummys rick. He invented javascript, co founded modzilla, and they have a bunch of doctors and elite hackers over there.
This is serious. Im serious. The domains (ICANN) you use are more fragile than you think, in the long term.
Lifesavings
Now I can explain NBA NFT’s imaginable future to help wrap your mind around “smoke”.
The buyers are mostly their own audience.
“Rate the best replays in basketball!” They may be rate each other’s cards on a 10-0 scale and call it a competition.
Lifesavings
Rather: ‘Rate the best replays on basketball’. I think like a domainer too, branding will focus on a domain ending. The only domain that could threaten.com is completely with out a dot. I changed one word in that quote, ‘in’ to ‘on basketball’. I would be one to think I would trademark some silly term because I know the ‘phrase’ will hit more results in search engines.
Mike Dew
If you had enough vision to have bought Bitcoin you wouldn’t call it garbage. Since you don’t have any it is easy to ignore it and call it garbage.
Domainlogist
Excellent as usual
Emeka
Negotiate with Equity .
domain guy
I want to know what happened to property.com and candy.com. Two of your marque domains went belly up? Please write an article of post deals with these 2 domains. What exactly happened here? thanks
J.R.
Congrats on the Property.com deal Rick. Good points about Premium Domain names v. Bitcoin.
BullS
NFT–non F*&**uking Things– they created their own hype and games.
The sellers, buyers are mostly their own audience—yup and they create their own values.
BTC-illegal, for money laundering and no Freaking idea who controls it and who is issuing the coins…
BadMF
BullS,
Why hasn’t your site been updated in the past 4 years?
990 million visitors; BULLSHIT!
Martin
So 1000 coins is $50M and you have an 8% stake in candy. That company really has a full equity value of $625M? Seems a little far fetched.
Rick Schwartz
Actually, it is $60 million for the 1000 coins.
But I already earned the first 1000 coins.
Candy.com will be the 2nd 1000 coins.
Food processing is BIG business and they have BIG clients.
Jose
You were born in another time and as much as you want to imply that many of those who come to your first event in Asheville are buying Bitcoin, you will not change them no matter how hard you try.
Gary
Bitcoin is fuck you money: As often quoted on social media platforms by its most loyal fans, BTC (UTXO’s) is the ‘miracle invention of decentralized digital sound money’ …and it’s crystal clear the Bitcoin network is here to stay as it is somewhere above one trillion dollars in value, now worth more than 99% of companies on the planet. The ‘Bitcoin block chain’ is factually the most secure database to ever exist in the history of the world. Human beings have been gifted a ‘digital bearer asset’ which is impossible to counterfeit or inflate due to its fixed supply. For advanced users it is impossible to censor or seize the asset as well. You can disagree but without proper education and experience, amateur opinions are just simply irrelevant. BTC isn’t really an investment,… it’s the best form of money in human history. Most domainers I’ve spoken to have a very poor understanding of monetary history which is required to comprehend and appreciate the innovation over fiat debasement and central bank slavery and the reality of this massive breakthrough in C/S. I think most still have a very difficult time admitting they don’t quite comprehend this revolution. My two cents.
Jeff Schneider
Hello Rick,
We think you should know our Hands off policy towards Cryptos.
We are entering the most speculative part of a buying frenzy of highly questionable New Financial instruments.The landscape is cluttered with the newest, HOT Virtual Reality type Assets with no guarantees, they will be around as long as there are loser mentality minds to throw at this Sacrificial Alter. JAS 4/13/2021
Gratefully and Respectfully, Jeff Schneider (CONTACT GROUP}
Metal Tiger, Former ( Rockefeller I.B.E.C. Marketing Analyst/Strategist) (Licensed C.B.O.E. Commodity Hedge Strategist) ( Domain Master) ( UseBiz.com )
Jeff Schneider
Hello Rick,
This is an important read for all investors right now
: “https://www.marketwatch.com/story/why-generation-i-yolo-investors-whove-never-seen-a-bear-market-should-worry-us-all-11618278339?siteid=yhoof2 JAS 4/14/2021
Gratefully and Respectfully, Jeff Schneider (CONTACT GROUP} Metal Tiger, Former ( Rockefeller I.B.E.C. Marketing Analyst/Strategist) (Licensed C.B.O.E. Commodity Hedge Strategist) ( Domain Master) ( UseBiz.com )
Ian
I looked at BitCoin when it was $300 USD and didn’t rate it then.
If you know nothing about crypto then at least know this and it will show what a pile of steaming ****it is.
Firstly, BitCoin because of its decentralised nature can only process 7 transactions per second. So it isn’t going to be a mass over the counter transaction ‘currency’.
Secondly, the value is widely erratic so large value transactions will be immediately converted back into the host national currency, nothing is being priced in BitCoin for this reason.
So why would anyone pay for a digital token that has no instrinsic value? It provides no cashflows so its actually worthless, much like Fiat currency has become with 0% interest at the bank.
Hope everyone that I spoke with in the dim dark past of the early noughties is doing well…. I thought websites would have become easier by now… just seems that there’s more guff now… Python, Angular, JS, html, CSS.. and on it goes. Bit like how we were meant to have the paperless office.
Jeff Schneider
Hello Rick,
Ever heard of a guy who proclaims himself as TECHNOKING ?
This is the latest cruel joke that Elon Musk, has perpetrated.
We laugh at lots of his Sophomoric Antics. We really question his ability to even understand 1/10th of the interlocking fundamentals that are driving the Crypto Craze. If he did he would not be in a crypto for more than 2 days then OUT! His foolish fantasy that cryptos are long term plays , tells us just how much he really doesn’t know about New Financial Instrument Creation. JAS 4/17/2021
Gratefully and Respectfully, Jeff Schneider (CONTACT GROUP} Metal Tiger, Former ( Rockefeller I.B.E.C. Marketing Analyst/Strategist) (Licensed C.B.O.E. Commodity Hedge Strategist) ( Domain Master) ( UseBiz.com )
Jeff Schneider
Hello Rick,
China is bound and determined to introduce Digital State backed Currency. This would be a death Knell for current Crypto Platforms. Other nations will follow and Crypto Platforms will be banned, in our opinion. The riskiest game
(Cryptos) has become radio active. Sell All Crypto positions.
JAS 4/20/2021
Gratefully and Respectfully, Jeff Schneider (CONTACT GROUP} Metal Tiger, Former ( Rockefeller I.B.E.C. Marketing Analyst/Strategist) (Licensed C.B.O.E. Commodity Hedge Strategist) ( Domain Master) ( UseBiz.com )
domain guy
I do not own any crypto. However Musk invested 1.5 billion in bitcoin as a store of value. And put 150 million interest cash on tesla balance sheet. So bitcoin is real period. Mass Ins, us bank, fidelity are all invested in crypto. Your opinions are irreverent.
So what happened with candy? it sold and you had to renegotiate your position?
Lifesavings
I have more info for you. Bitcoin isn’t a threat to your domains. What I have been warning about above, it’s here. Within 2 days, it is the 10th largest blockchain.
—-
From: https://www.zerohedge.com/crypto/ethereum-reaches-record-high-500-billion-market-cap-now-bigger-jpmorgan
“In short, Dfinity hopes that it will offer the first truly global blockchain network that runs at the top web speed with unlimited scaling features to support any volume smart contracts computation.
“If the IC succeeds at replacing legacy IT, there would be no need for centralized DNS services, anti-virus, firewalls, database systems, cloud services, and VPNs either,” noted Mira Christanto, researcher at crypto analytics platform Messari.
Dfinity proposes decentralization by introducing a unique consensus model dubbed as Threshold Relay, coupled with its Blockchain Nervous System to ensure algorithmic governance.”
Meanwhile, ICP serves as a native asset to the Internet Computer. Its role within the platform involves staking that allows users to participate in the Blockchain Nervous System and security deposits that allow private entities, including client software and cloud networks, to connect to the Internet Computer’s public network.”
—-
This is the decentralized DNS, it’s coming, I swear. No way ICANN lives though this. Look at it for yourself. Ponder.
Jeff Schneider
Hello Rick,
We are entering a series of Crypto Platform failures, all of which will be caught up in a massive Pendulum swinging hard towards Centralization of digital currencies. JAS 6/2/2021
Gratefully and respectfully , Jeff Schneider. (Contact Group) Metal Tiger, Former (Rockefeller I.B.E.C. Strategic Marketing Analyst/Strategist) (Licensed C.B.O.E. Commodity Hedge Strategist) Domain Master, (UseBiz.com)/ (USeBiz.com
Erich
Hi Rick,
why not use “Queen.com” for your new brokerage-business ?
That would be awesome!!!
UFO
Rick,
What happened with Candy.com? I remember you long ago selling that and getting a cashflow from the candy company purchasing it…
Is it under NDA not to discuss?
Would be an interesting read.
Jay
Cryptocurrency Domains = $
crypto goes up and down but premium cryptocurrency domains are $