I’m going to explain to you why I think bitcoin will be a part of the future but isn’t THE future. One. It fluctuates too much to be a good store of value. When I put money into a store of value I put it in there because it “Stores Value” when others things could dump. Until it stabilizes nobody is going to put their money into something that can easily take a 10% haircut over night for no reason. What about gold? Gold moves and can move pretty dramatically over the course of a year. Is that what bitcoin is looking to be. A good, more rare gold? How many of your friends own gold?
It’s heavily manipulated by the larger owners. So is the stock market but they are audited and use traceable trades. You usually don’t, but you could go to prison if you get caught in manipulation in the US stock market. Bitcoin is anonymous. Anonymous is privacy but also a great way to hid fraud. Mass acceptance will require transactions with responsibility behind it. The next generation is all about transparency. What do the under 25 use for storage and payments? Venmo. They even let all their transactions be posted publicly for the world to see. I think Venmo does or will provide more daily use than bitcoin.
Bitcoin is straight up gambling. Gambling based on the hope that there will be more people that want it than available coins. The love is based on hopes that the price skyrockets not that its better than what technology will eventually be able to do with cash. I have no doubts that my bank will soon be able to send money to another person in a matter of seconds with the blockchain. “It’s a tradable asset” There are plenty of assets that I can trade that fluctuate merely on want.
“I don’t want people to know what I’m doing” Not always, but it generally means you are doing someting you should’t be. I use it to gamble online. The sportsbook like its because nobody can prove what came in or out. Again, non transparency can not be built on.
After writing all this I admit I still own bitcoin. Two reasons. One, I don’t want to miss out if I’m wrong. I am more than willing to be wrong on something and I am all the time. I made some profits on Bitcoin a year or two ago and I took it out. I have put it back in and left it alone. Two, it gives me something to do each day. I need action. I like going to bitcoin price each morning and see how its doing. Watching its heroic moves. I, like so many others, love the rush of the crazy fluctuations. But its gambling for me and whether they admit it, for most others. I have no idea why its moving, I just try and catch it. That’s gambling at its finest. But changing the world? I don’t see it. I don’t buy the “from the people for the people” mantra. Just because its sovereign doesn’t mean the within aren’t completely controlled by few. Bitcoin price is controlled by few and will always because there are very few coins to be made to adjust the balance of power. Kudos to the Winkelvosses who understood this and took control. Everyone else is on the outside merely gets to feel empowered but has their value controlled by someone else, just like regular old fiat
Quote of the Day: “Have you ever noticed how ‘What the hell’ is always the right decision to make?” -Terry Johnson
Domain of the Day: Brooke.com Don’t know the reserve but popular girl’s names are really hard to find
Namejet, Sedo, Snap, and other Names Up for Auction
DXUF.com Met reserve at only $50. That would be a great buy regardless of letters. Gets 416 monthly visits
OttawaEast.com Closes today. Met reserve. Upgrade name for a few companies that share the name
Sedo Starts their 4L.com auction today. Here are my favorites
Klot.com People are going to think Blood clot but at under $500 reserve you have a little money to brand it better
HWBA.com A for association. One of my favorite endings for a LLLL.com
RBDA.com I like this one for the same, exact, reasons
NWOF.com I like O to be in the second to last spot to represent the word “of” although with the W in front it may represent “With Out”
LCLV.com Las Vegas
NiceTan.com It’s got an ExpiredDomains.net partnership logo. I like it for the quality of the domain but curious about this partnership thing
DomainOutlet.com Uniregistry bidding on this one but its going to take a big bump in bids to hit reserve
Birdo.com I remember when adding an o to the end of a noun was getting great prices about 5 years ago. I think we’re getting back to those price levels
iCoaches.com Internet coaches. Big trend as I said the other day. Met reserve
BroadcastPro.com Make everything look professional
LasVegasRunning.com Last I checked there are a lot of runners in Las Vegas
Godaddy Domains With Multiple Bids
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Tik.net tik tok is the hottest app in the world right now. Doesn’t hurt the value of this one
DownloadFiles.com Six figure name in 1999
ESXN.com I’d say typo of ESPN but X and P aren’t even close
SurfLove.com Yo Bro, there is lots of love in the surfing community
BePal.com Lots of Japanese results for the name. Can’t read them so I’ll just hope its not porn. Or hope, depending if you need traffic
Movity.com I think mobility when I see it
JoseCanseco.com Only the greatest hitter/personality the game has ever seen. Under a $1000 would be crazy
IndigoLeaf.com Canna name all the way
BuyVegan.com Can’t go wrong with Vegan
MyCharityPage.com Great backlinks and juice if you’re trying to build out a fundraising page
IAmGreat.com You are. Your really are
Godaddy Domains With One Or No Bids
The Rest of the Godaddy Names With Bids
Have a name at auction and need more exposure? Send me an email. We Charge $10 per name per day. We may be able to help. If you have an auction you want to promote, email us for details.*All names chosen by us, Shane and Josh . (ie you click through and purchase a name you like) or an occasional paid listing. Everything we say is based on our own research or is opinion. Do your own due diligence. That means look it up yourself if you don’t think the stats or our opinion is correct. We hand choose the names but we are paid to make this list by both the auction houses, individuals that are auctioning names, and Godaddy affiliate links. Keep that in mind and only buy names that YOU think are good.