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Author Topic: [AUCTION / COMPETITION] ethercash.com domain name - rules inside  (Read 810 times)
flatfly
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April 07, 2012, 09:22:28 AM
 #1

OK, I'm changing the format of this sale to make this a bit more fun and exciting.

Rules

1. I will transfer full ownership of the ethercash.com domain name (market value potentially in the 4 digits
    USD!) to the originator of the first 0.5 BTC transfer to my address that is followed by a period of 48 hours during
    which no further transfers come in, OR the first 1.0 BTC transfer followed by 24 hours of no transfers.

2. Please post a reply to this thread referring to your transaction ID RIGHT AFTER you have made the
    transaction. This is ABSOLUTELY REQUIRED to avoid abuse and make sure I'm transferring the domain to
    the correct person.

3. I will trust blockexplorer.com and blockchain.info for transaction timestamps.


So, in other words, the winner will get this domain name at a tiny fraction of its actual value
- possibly for just 0.5 BTC. Kind of a gamble, but can pay off big!
  

The address for this competition: 1E1CTr1sQtRRkJSsigSuXfQ2T1LeNmb4mZ

Good luck!

PS: Automated valuations for this domain name vary wildly, but currently range between $290 (http://www.valuate.com/) and $1540 (http://www.urlappraisal.net/)

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schnell
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April 07, 2012, 09:37:55 AM
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Whats so special about it to warrant it a value of 250BTC?
flatfly
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April 07, 2012, 09:50:04 AM
 #3

Good-sounding, easy-to-remember domain names typically fetch nice prices on the secondary market.
I know firsthand, having bought and sold a couple of domain names in the last few years.
It's just supply & demand...  

For recent examples of domain name sales, check out the NameBIO database (http://namebio.com)
(See the sale price of domain names containing 'cash', between 7 and 10 characters, ending with '.com')

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schnell
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April 07, 2012, 10:00:55 AM
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Good-sounding, easy-to-remember domain names typically fetch nice prices on the secondary market.
I know firsthand, having bought and sold a couple of domain names in the last few years.
It's just supply & demand...  

For recent examples of domain name sales, check out the NameBIO database (http://namebio.com)
(See the sale price of domain names containing 'cash', between 7 and 10 characters, ending with '.com')
..I know that. I'm not stupid.
It sounds like a crappy name, and it is not easy for me to remember.
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April 07, 2012, 10:48:30 AM
 #5

What does being ignorant about the domain name valuation have to do with being stupid?

Anyway, no need to be aggressive just because you are not interested in this.

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flatfly
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April 07, 2012, 04:14:33 PM
 #6

Turned this into a little game/competition! See top post.

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April 07, 2012, 05:07:53 PM
 #7

This simple type of 'penny auction' requires complete trust in the seller.  The seller can simply send another .5 btc HIMSELF to the address and keep the auction going.  There is no way to know who the last person was who sent it, so the seller can keep going as long as he wants and keep both the BTC and the domain. 

A better choice would be putting the domain on an independent site such as bitmit.net or mokimarket.com

flatfly
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April 07, 2012, 06:12:17 PM
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This simple type of 'penny auction' requires complete trust in the seller.  The seller can simply send another .5 btc HIMSELF to the address and keep the auction going.  There is no way to know who the last person was who sent it, so the seller can keep going as long as he wants and keep both the BTC and the domain.  

This is one reason why I require that transactions are accompanied by a post here. Just so we know who is sending what. And the fact that Newbie accounts can't post here reduce the risk of me (or anyone) creating multiple accounts to cheat the system.

Of course, this isn't a perfect solution, but should work well enough. And I am definitely not interested in scamming people and the last thing I want is losing my credibility on this forum, as an application developer.
 

A better choice would be putting the domain on an independent site such as bitmit.net or mokimarket.com

But I will take your advice and consider the other sites you have mentioned to see if they are suitable for any future auctions. As for the current one, I'm totally open to moving it to the auctions subforum. As it would at least guarantee that the OP is non-editable...

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April 08, 2012, 02:15:51 PM
 #9

Not trying to be a dick but the first guy is right, it isn't worth that much. Those appraisal sites are not reliable at all, especially the free ones.
PS - this is also in the wrong section, there is one just for auctions

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schnell
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April 08, 2012, 03:14:43 PM
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Not trying to be a dick but the first guy is right, it isn't worth that much. Those appraisal sites are not reliable at all, especially the free ones.
PS - this is also in the wrong section, there is one just for auctions

Even then, valuate.com values it at 290 dollars.
Much, much less that 1250.
flatfly
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April 08, 2012, 04:34:19 PM
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Not trying to be a dick but the first guy is right, it isn't worth that much. Those appraisal sites are not reliable at all, especially the free ones.
PS - this is also in the wrong section, there is one just for auctions

Even then, valuate.com values it at 290 dollars.
Much, much less that 1250.


True, automated valuations vary wildly but currently range between $290 (http://www.valuate.com/) and $1540 (http://www.urlappraisal.net/) - I will update the OP with this information.

anyway, whatever the true value of this domain, do you realize that this auction allows you to get it at a tiny fraction of these prices - heck, probably even less than the regular registrar's annual fee ($15)?

But it seems there's not much interest in this domain here.  I guess I will just try to sell it in a more traditional way if I see no action in this thread in the next 2-3 days.

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