Last night, legendary domain name investor Rick Schwartz tweeted about how surprised he is that more people don’t see the connection between domain names and Bitcoin. To which, Konstantinos from OnlineDomain.com chimed in to say that he doesn’t see an overlap – just competition for the same dollars.
The debate continued quite a bit on Twitter with Michael Berkens, another legendary domain name investor and publisher of the popular domain blog TheDomains.com weighed in to share his two cents. Then Andrew Rosner, founder of MediaOptions, a popular domain brokerage firm joined in as the topic changed course to discuss whether it’s okay to write about Bitcoin on a domain blog.
I love Konstantinos, read his blog every day, but in this case I gotta agree with Rick, Mike and Andrew. I think Bitcoin, which is another way to invest in something digital, definitely has a pretty real link to domain names. I also think that people who read domain blogs are very happy to hear more about Bitcoin, gold, real estate, or anything else that they might invest in.
At our core I think we’re all investors, and most Domainers I know are investing in a number of other things, and yes, Bitcoin is definitely a hot topic with existing investors since it does, IMO, hit so close to home. Yes, you can develop domains, park them, etc. but at the end of the day, with both domain names and Bitcoin you’re buying an asset that’s made up of 1’s and 0’s and hoping to sell it for a lot more than you paid for it.
The fact that people like Rick are talking about Bitcoin more and more means that we should be listening. It’s no secret that Rick has been right over and over and over again so love him or hate him it never hurts to listen. As for what we should write about in domain blogs, I’d say anything that’s interesting to people who read domain blogs is fair game…and I know for a fact that people who read domain blogs are pretty interested in Bitcoin right now.
What do you think? Comment and let your voice be heard!