Despite a war raging in Libya, home to the .LY domain extension (ccTLD) and a very uncertain future as to the Government of the country, someone has stepped up and paid 10,000 euro’s approximately $14,000 for the domain name 3.ly.
You have to admit with Libya in turmoil, and with the Government cutting off Internet service inside the country you have to be somewhat brave to spend $14K on a .Ly domain.
If you feel like you missed the boat on 3.ly don’t worry, the auction for d.ly is still going on Sedo and with over 14 hours to go bidding is just at $1,750.
With Right-of-Da-Dot not having MUCH.OF.A.FUTURE due to ICAN’T’s inability to PULL.THE.FLEECE. over the gum’ints eyes – ALL ccTLD’s have just been given a new lease on life.
Strong.Keyword ccTLD’s HAVE ReCeNtLy LEPT in intrinsic VaLuE. Look at the sales, Look at the DNJ ?? Why ?
So Landon
SO YoU WoULD rATHER takE your-chAnces wiTH Libya Than with iCAnn
BTW
It takes a lot longer to write with your up and down method.
@MHB,
Some.See.No.Difference BeTwEeN ICANN’T & Middle-Eastern Guv’mints. There was never a need for hundreds of new extensions.
Why do we need a .casino when one can just register casino1.com, or casino2.com, or bluecasino.com, or dog4casino.com ?
There is no need for new extensions – it would only serve to further-confuse an already ADD.Marketplace . . .
Need?
by whose measure?
I know people that would argue no other tablet will ever compare or have the functionality of the iPad.
So should all other computer companies shut down since no one needs anything else but the iPad?
That is not how commerce works.
If its a legal business all can try to get a piece whether that piece is 90% or 1%.
Not a fair comparison.
Tablet makers must put forth money to research, design, manufacture, and market their product(s).
Domain.Extension.Makers only need to shout “.Casino!”, “.Money!”, or “.Credit!” – and they’ve “made” their product. Inherently, the internet has few barriers to entry for new enterprises – so it only makes sense for users and proven-providers to police against Additional, UnNessesaryNoIsE.
That is not how commerce works.
But where does the framework end?
ICANN’s task is to provide a level playing field.
Blurring the framework with the players is not sensible. How can a regulator awarding an implicit DNS framework advantage to their contracted parties to be used to compete against their competitors in the same vertical ever be justified?
There’s a huge difference between awarding a Registry Services company an open string like .com or .info and awarding people involved in each vertical a string like .jobs to compete against their competitors in the second level
What ICANN is proposing just isn’t sensible.
DoMaineRs will be piling into one.word ccTLD’s in the months.and.years to come once this news is collectively digested . / .
It will be .fun to .watch the .waste of .money . . .
“”Tablet makers must put forth money to research, design, manufacture, and market their product(s).””
New gTLD operators will have to put forth money to acquire, promote and market their products as well
“New gTLD operators will have to put forth money to acquire, promote and market their products as well”
Not the same. Domain extensions are like vapor – no cost of actual production, no labor input, no R&D cost – NOTHING. The only .fee is the one to .grease the .palm of whomever, or whatever governing body is doing the .approving.
I can’t .think of another .product that has ZERO INPUT cost other that .domian-extensions, which is why they should be policed with as much scrutiny as possible by .EVERYONE . / .
“I can’t .think of another .product that has ZERO INPUT cost other that .domian-extensions, ”
and that’s why it is one of the most profitable and desirable businesses to be in.
Thanks for making my point= RIGHT OF THE DOT
“ICANN’s task is to provide a level playing field. ”
====
Odd, ICANN did not seem to approach things that way.
1. ICANN created the Dyson domain tax system and they are the benefactors.
2. ICANN created an Internet Labor Union of Registrars with loyalty oaths.
3. ICANN ensured Vinton Cerf’s Internet Society was well-funded via .ORG
4. ICANN orchestrated higher and higher barriers to entry (DNSSEC) and bigger and bigger excuses why others can not be part of their club.
Almost all ICANN policies descend from Jon Postel, Vinton Cerf and Steve Crocker. Creating level playing fields was never part of Jon Postel’s USC ivory
tower. Private, privilege for the few was always clearly the goal. Has that changed?
Really sorry, I initially posted it in the wrong thread:
Sorry Michael, I missed the last link of d.ly – let us see.
With no Internet access to Libya – transferring the domain will be a challenge. The buyer will have to wait for the dust to settle down.
Other than that – it is a pargain compared to prices in .co.
If you want to find more on .ly stability during the political crisis, just browse through these articles: http://brief.ly/35h/
and that’s why it is one of the most profitable and desirable businesses to be in.
The point should be to add value to the eco system. Creating speculative bubbles damages and devalues the whole system. If money alone is left to determine where the more desirable names are to be allocated, then there will be a need for harsher rules to ensure the names can be “re-allocated”. This will mean existing innocent third parties will be disadvantaged through no fault of their own simply to offset the damage done by a few permitted to blow a new bubbles.
Interesting, I would expect discussions on bloody and oil, then Libya and its domain names. Looks like new TLDs beat all the subjects – some big and quick money are to be made there and lose too.
Gpm
“The point should be to add value to the eco system.”
In what other business is this the threshold requirement to do business?
“In what other business is this the threshold requirement to do business?”
Answer: None.
Here’s another question:
In what other business does the product have zero input cost. No R&D, no design, no labor, nothing. Answer: None. Heck, even a forum or a porn site has some costs involved.
Which brings us full circle – any increase in the number of domain extensions needs to be watched like a hawk by EVERYONE – governments, users, and existing players – we are ALL stakeholders in this thing called the internet.
Simon
Except this statement is not true:
“In what other business does the product have zero input cost. No R&D, no design, no labor, nothing.”
Registries do have employees
Registries do spend a lot of money marketing.
I think I read somewhere that .Co spent over $1M marketing (super bowl not included).
Registries do have huge application fees to pay to ICANN.
They do have to either develop out their own back end system which is very expensive or they have to hire an back end provider which is not without cost.
So instead of looking at it from the glass is half empty side (how much money it costs to go into business), maybe we can look at it from the other side which is how much money will these business generate by hiring people, marketing their services (which include many domain blogs and publications) in fees earned by registrars, fees earned by back end providers or programmers, money that trickles down to server manufactures, bandwidth fees, legal fees, consulting fees and ton of ancillary amounts that others are going to make because of these new extensions, not to mention domainers that will make money, if they pick the right extensions and the right domains.
In what other business is this the threshold requirement to do business?
Banking….
Lots of people incorrectly believed they could create simply create money without adding any value. And as we know there wrong and there were consequences and consequences for a lot of innocent 3rd parties.
Banking requires a lot of capital.
yes transfer of .ly might be a problem now, nic.ly does not resolve
ping: nic.ly (Check http://nic.ly/)
62.240.36.51….Packets lost (100%)
however it might be a bargain…
@ MHB
@ TheBigLandonLieWhiteSociety
I agree with BOTH of you, now if YOU only can figure out who you are … lol
Are you the Great “Landon White” or ….
–
are you damned forever to be a mere
cheap wannabe Imposter as …. TheBigLandonLieWhiteSociety ????
They say impersonation is the greatest form of flattery,
i Agree … 🙂
lmao, berry punk
Banking requires a lot of capital.
It did in the olden days but then in more recent times some thought capital a terribly old fashioned notion, a bit like the notion of creating new gTLDs to add value to the domain eco system.
Actually, in 2006, one could start a community bank with as little as $50,000, provided the bank was to be located in economically depressed areas. Then, the bank would prey upon those who could least afford to get ripped off. Ain’t capitalism great!
@ MHB
Someone has stepped up and paid 10,000 euro’s approximately $14,000 for the domain name 3.ly.
—
Muammar Muhammad al-Gaddafi bought it!
He said he wanted to leave the country with his wealth did he not!
(notice he is smart enough not buy shit > .Co) lmao
🙂
So instead of looking at it from the glass is half empty side (how much money it costs to go into business), maybe we can look at it from the other side which is how much money will these business generate by hiring people, marketing their services (which include many domain blogs and publications) in fees earned by registrars, fees earned by back end providers or programmers…
New gTLDs will in the main be an increase in the cost of doing business for most real world businesses. Why? because they are an additive measure which will bring little if any innovation to the domain name system.
.brands are a classic example you can pay ICANN $185,000 + $25,000 p.a. in addition to $10. p.a. for a .com. Now that may help with a short term branding advantage, but it means if a major player moves to the right of the dot in any vertical then all the other companies will also have to move to simply enjoy the same level of DNS branding.
Once the other companies move the bulk of the DNS branding advantage is lost but the year on year costs remain. Great for ICANN and their contracted parties, but ultimately that cost has to be borne by consumers.
@gpmgroup,
Well said. End of discussion.
Not the end of the discussion just the beginning, but on another thread on another day
Hearing chatter than valuation estimates on “u stream” over $1-billion. wowzers…
The auction ended with 1,800 USD price tag.
I was dissapointed to hear about 3.ly going, as just last week I had a bunch of wedding invitations printed with a 3.ly shortened URL for the purpose of RSVPs. I liked 3.ly because it allowed a custom URL instead of a random string. Now I’m going to have to put a sticker over all the invitations with a different URL.
I wonder if bit.ly is in danger…
Brian, have you tried brief.ly?
I wondered why my automated tweets were ending with 302. I guess if someone buys a domain for $14,000, he can do anything he wants with it.
What would be a fair asking price for:
insurance.io
insurance.ac
credit.ac