Scammers using Bitcoin in an effort to steal domain names

During the past two weeks I experienced two attempts by scammers to steal domain names, by offering payments in cryptocurrency. These Bitcoin scammers offered to acquire premium domains by indicating they can only make payments in BTC. There is a reason why such a method of exchanging domains for money isn't supported by the Uniregistry Market. There is no safety process to validate the source of payment, and anonymity - while a welcome feature in many circumstances - can also be a safe method to commit a crime and hide behind it. Payments in cryptocurrency can remain in limbo and if not careful, the party with the domain name can falsely believe that a transaction has been confirmed. There are ways to delay the confirmation of the payment, and to the uninitiated it can lead to a … [Continue reading]

Domain offers : I can do $X,XXX tonight only

When receiving offers for domain names, the exchange can become progressively interesting as negotiations unfold. Domain offers are often mere "pings" on a domain, to gauge its owner's activity, but some times they are honest inquiries with a random number tagged to them. The task of issuing a domain name quote is dependent on the domain's qualities, but can most definitely adjust based on the party that inquires about it. Some times, the other party resorts to some hasty techniques, upping their offer from a few hundred dollars, to a number in the low four figure ($X,XXX) range. That quick jump can be perceived as an indication of true interest by some, but if it doesn't match the domain's valuation, there is no reason to be excited about. A note that I often receive on the … [Continue reading]

Old domains : From hand-registration to sale, 17 years later

Between 2001 - 2003 I was perusing dropped domain lists provided by one of the best paid-for services at the time, DomainsBot. Hundreds of dictionary domains were available, in .com, .net and .org. I scanned through thousands of domains, looking for worthy registrations. I think I hurt my eyes on a daily basis! Registering single words, even gerunds, seemed like a good choice and I ended up adding dozens of quality domain names to my domain portfolio, paying just the registration fee. My modus operandi at the time was still that of a domain flipper; I wanted to achieve whatever mark-up I could for these hand-registrations. A few dollars in profit seemed ok at the time. By 2004, that mentality had evolved into that of a savvy domain investor, who holds quality assets long term, … [Continue reading]

Brokerage persistence : Why are domain BIN prices on ignore?

Happy New Year! For me, the new year began with plenty of domain offers and a solid mid four figure sale, via the Uniregistry Market. It's where I list my domain portfolio to invite inquiries. The … [Continue reading]

Not all corporations are savvy about the domain name acquisition process

Companies that launch new products and services often seek to register one or more associated domain names. The preferred choice is a dot .com, although the introduction of new gTLDs has given many … [Continue reading]