Comments on: Why generic domain names are even more (WAY MORE) valuable than gold and oil. http://unemployedalcoholic.wordpress.com/2008/04/01/why-generic-domain-names-are-even-more-way-more-valuable-than-gold-and-oil/ Giving Life My Best Shot Since 1987... Bringing you insightful commentary on the domain industry, web development, marketing, and brand management. A digital record of my own hopes, dreams, and realities: personal, professional, and financial. Sat, 19 Sep 2009 01:03:41 +0000 http://wordpress.com/ hourly 1 By: DOTMEDOMAINS http://unemployedalcoholic.wordpress.com/2008/04/01/why-generic-domain-names-are-even-more-way-more-valuable-than-gold-and-oil/#comment-33 DOTMEDOMAINS Tue, 08 Apr 2008 19:21:51 +0000 http://unemployedalcoholic.wordpress.com/?p=40#comment-33 "...I would also say that English is still the international language of business, though this may change soon." For the moment, yes... though Chinese is coming up along very well. “…I would also say that English is still the international language of business, though this may change soon.”

For the moment, yes… though Chinese is coming up along very well.

]]> By: unemployedalcoholic http://unemployedalcoholic.wordpress.com/2008/04/01/why-generic-domain-names-are-even-more-way-more-valuable-than-gold-and-oil/#comment-30 unemployedalcoholic Sat, 05 Apr 2008 22:34:04 +0000 http://unemployedalcoholic.wordpress.com/?p=40#comment-30 Your point is well taken, Wilf, and I had hoped that the title of this article would generate controversy. However, there are few truly useful applications in technology for gold (aside from being a luxury item, and one of the many possible media for exchange and storage of value), and oil will be quickly replaced as a source of energy as soon as it runs out... Energy companies buy up patents for alternative energy technologies constantly, and they can overhaul the energy delivery infrastructure quickly if they choose to do so, but it would be economically disadvantageous for them to do so while the resource is still found in *relatively* plentiful abundance on earth. The domain name system, however, is currently inseparable from the internet, and it serves an important purpose in organizing and delivering relevant information to internet users worldwide. There is great value in the most generic and commercial domain names, especially ones that are connected to a useful website, quite a bit more, I should say, than in a barrel of oil or a pound of gold. It is value that can last for decades to come. Your point is well taken, Wilf, and I had hoped that the title of this article would generate controversy. However, there are few truly useful applications in technology for gold (aside from being a luxury item, and one of the many possible media for exchange and storage of value), and oil will be quickly replaced as a source of energy as soon as it runs out… Energy companies buy up patents for alternative energy technologies constantly, and they can overhaul the energy delivery infrastructure quickly if they choose to do so, but it would be economically disadvantageous for them to do so while the resource is still found in *relatively* plentiful abundance on earth.

The domain name system, however, is currently inseparable from the internet, and it serves an important purpose in organizing and delivering relevant information to internet users worldwide. There is great value in the most generic and commercial domain names, especially ones that are connected to a useful website, quite a bit more, I should say, than in a barrel of oil or a pound of gold. It is value that can last for decades to come.

]]> By: Wilf http://unemployedalcoholic.wordpress.com/2008/04/01/why-generic-domain-names-are-even-more-way-more-valuable-than-gold-and-oil/#comment-29 Wilf Sat, 05 Apr 2008 15:16:20 +0000 http://unemployedalcoholic.wordpress.com/?p=40#comment-29 Sorry, beg to differ. We can live without domains but we cannot at the moment live without oil or even gold. At the end of the day, physical goods like oil or gold will always win over digital ones. Sorry, beg to differ. We can live without domains but we cannot at the moment live without oil or even gold. At the end of the day, physical goods like oil or gold will always win over digital ones.

]]> By: unemployedalcoholic http://unemployedalcoholic.wordpress.com/2008/04/01/why-generic-domain-names-are-even-more-way-more-valuable-than-gold-and-oil/#comment-27 unemployedalcoholic Wed, 02 Apr 2008 13:13:12 +0000 http://unemployedalcoholic.wordpress.com/?p=40#comment-27 Jens, That is true. I do believe that you are correct in that there is still opportunity and that we are still in the rapid growth phase of the industry - valuable properties can still be acquired in certain extension and IDNs. However, I also believe that English is still the safest bet (generic English domain names in .COM , .NET , and .ORG extensions). From what I know about Russia, English is a required language to study in the vast majority of their schools... I would say it is almost a second language in that country, and I am sure that there are similar trends in many other European countries. I would also say that English is still the international language of business, though this may change soon. Jens,
That is true. I do believe that you are correct in that there is still opportunity and that we are still in the rapid growth phase of the industry – valuable properties can still be acquired in certain extension and IDNs. However, I also believe that English is still the safest bet (generic English domain names in .COM , .NET , and .ORG extensions). From what I know about Russia, English is a required language to study in the vast majority of their schools… I would say it is almost a second language in that country, and I am sure that there are similar trends in many other European countries. I would also say that English is still the international language of business, though this may change soon.

]]> By: jens http://unemployedalcoholic.wordpress.com/2008/04/01/why-generic-domain-names-are-even-more-way-more-valuable-than-gold-and-oil/#comment-26 jens Wed, 02 Apr 2008 09:30:10 +0000 http://unemployedalcoholic.wordpress.com/?p=40#comment-26 well - I have several generic domains in the german speaking market and was suprised to find out that the one i was looking for was still there. i´m sure if u do search in other languages like french, italien or russian there are lots of other valuable names still available (probably not REALESTATE.xy :-) . . coz people simply act as if english would be the only language prospective customers speak . . .. well – I have several generic domains in the german speaking market and was suprised to find out that the one i was looking for was still there. i´m sure if u do search in other languages like french, italien or russian there are lots of other valuable names still available (probably not REALESTATE.xy :-) . . coz people simply act as if english would be the only language prospective customers speak . . ..

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