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Showing 20 of 92 results by Baronets
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Board Bitcoin Discussion
Re: Accepting Bitcoin for sales in a volatile market.
by
Baronets
on 29/08/2020, 11:35:52 UTC
Just to reconfirm my sales payment policy. I am only prepared to accept Bitcoin, and gold Sovereigns or Britannias. The gold coins are a different problem, and would entail personal meetings, so that is an unlikely method, and outside the scope of this board.

I'm swopping one long term investment for another by accepting Bitcoin,and that is why the current price is less important to me than the price in one years time. Obviously the current price of Bitcoin will be a prime consideration for the buyer, and that is the root of the problem when advertising BIN prices.
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Topic
Board Bitcoin Discussion
Re: Accepting Bitcoin for sales in a volatile market.
by
Baronets
on 29/08/2020, 08:19:43 UTC
I'm not afraid of losing money. If you are indulging in speculative ventures, then you have to accept that you will have some losses. However, if your losses exceed your gains, then you need to do something else. Smiley
Very few people seem to understand virtual assets, and this includes Bitcoin and domain names. I believe that Bitcoin is the only crypto that is a hard asset, but not many people seem to be able to justify that comment, and they would include several of the alts as hard assets - I don't think this is true. Because of this, and the volatility of Bitcoin, I try to estimate its value in a year's time, and I use this for my personal calculations. I will almost certainly be wrong in my estimate, so I can't base a current sale price on this estimate, as buyers would be unlikely to agree with me. I want to avoid mentions of local currencies completely, as they have their own levels of volatility. The best solution seems to be to include a link to a currency converter such as xe.com, and allow the user to make his own calculation.

Domain names are an interesting investment. Each one is unique, and a good descriptive name can be a nice traffic magnet for a business. Alternatively, a start up company can take a simple non-dictionary word, and build value by branding it. Ebay is an example of this. The domain name must be worth millions now, but when they picked it up, it was probably only worth the registration fee. Selling names like this is selling dreams, and you have to find the right dreamer, and feed his imagination. This means that to a certain extent, it is a seller's market, but you have to make it easy for a buyer to contact you, and to pay for the name.

Escrow is a bit of a problem if it is required. The domain industry has nearly as many thefts and frauds as are associated with Bitcoin. A name that is transferred via a registrar push can be reversed, but it is far harder to reverse a registrar transfer. There are several honest and reputable members here who offer escrow services, but they may not be known outside the forum. An alternative might be to use my Jet Cash account to establish credibility. I own the domain JetCash.com, so the account plus domain should have a reasonable value - possible into $xx,xxx. Godaddy values the name at $6,750, and that could be low. Couple that with some other names such as Baronets.com - $1,462, and BuyAny.com - $3,646, and it is obvious that I would be mad to throw those away for a few thousand pound fraud.
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Topic
Board Bitcoin Discussion
Re: Accepting Bitcoin for sales in a volatile market.
by
Baronets
on 27/08/2020, 13:23:51 UTC
The unsold name price is an interesting one. My first reaction is to state that prices will be reviewed on the first of the month, and may increase with a drop in the value of Bitcoin. That leaves me with an unstated option to decrease the priceif Bitcoin drops. It couls also provide a stimulus for a potential customer to arrive at an early buy decision. There is also the problem of holding a price for a few days whilst the transfer is completed. If Bitcoin makes a hockey stick movement, this could be a problem. Maybe I should restrict the offer to 3 days maximum. If the price drops, then I don't mind taking the notional loss, as I believe that Bitcoin will soon recover after such a drop. The bigger risk is the buyer dropping out if he hasn't picked up the Bitcoin in time. There isn't much I can do about that though. The margins are brilliant, and give a lot f room for negotiation. If you pick up a name for $8, and renew it a couple of times, then you are in the hole for less than $25. Selling it for $2,500 gives you a comfortable cushion.
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Topic
Board Bitcoin Discussion
Re: I can't wait until I can pay using bitcoin at the supermarket
by
Baronets
on 27/08/2020, 12:52:31 UTC
I don't believe that Bitcoin will ever become a currency, and I hope it doesn't debase itself by becoming a grocery store payment option. I see it as a valuable asset, and a medium of exchange for other valuable assets.
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Topic
Board Bitcoin Discussion
Re: Fidelity files for a new Bitcoin Fund
by
Baronets
on 27/08/2020, 12:47:20 UTC
I believe that Fidelity has been mining Bitcoin since 2015. Perhaps somebody could confirm if this is true.
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Topic
Board Bitcoin Discussion
Re: Accepting Bitcoin for sales in a volatile market.
by
Baronets
on 27/08/2020, 12:33:36 UTC
I don't want to use a payment processor, as I'm a Bitcoin purist, and I belive it is a P2P settlement system. I don't believe it will become a currency, and this is why I hope it doesn't debase itself by becoming a supermarket payment option.  Gold Britannias and Sovereigns are legal tender in Britain, but I've never heard of anyone trying to spend one in a supermarket. Bitcoin is money and a medium of exchange, and it is also a virtual asset. This means it is ideal for settlement in the purchase of virtual assets, and should not require the intervention of banks or quasi-banks. I don't care how the purchaser acquired his coins, he could be a miner, a HODLer, and inheritor. or have earnt or purchased the coins.

I've got several trading sites on my own domains, and one even has a ticketing system and an out of date blog. I use xe.com to show current exchange rates. I use this as it is a more general forex site, and possibly more trusted by the public than a crypto site.
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Topic
Board Bitcoin Discussion
Re: Accepting Bitcoin for sales in a volatile market.
by
Baronets
on 27/08/2020, 12:09:34 UTC
I'm not bothered by volatility on my own account. I value the domain name on my anticipation of the Bitcoin value in six months time. That is completely speculative and very subjective, and I wouldn't want to enter into discussions about that with people other than long term Bitcoiners.

I want to completely avoid any contact with fiat for tax purposes. Tax will be paid when I dispose of my Bitcoin. I believe that I am able to obtain roll over relief for virtual asset exchanges, but don't trust me with this opinion, you should seek your own tax advice for the laws in your country.

My ideal sale would be the receipt of a Bitcoin payment directly into the wallet associated with my node. This would be followed by a registrar push with Name Silo. This may be an optimistic ambition, and there could be a number of variations on this. I'm a senior member on a variety of forums - I'm a VIP and a domain insider on Name Pros, and I have over 5,000 likes, and I've been a member since 2016. I've been here for several years, and my Jet Cash profile is available for all to see. I'm a legendary, a DT1, and a merit source, and I hope that this will generate dome trust. Either forum account is probably worth more than most individual names that I will be selling.

The volatility is probably of more importance to a buyer, and I toyed with the idea of explaining how he could reduce his costs by riding the wicks on Coinbase pro, but that may create more confusion for a newcomer to Bitcoin.

Domain names are unique, and they seem to be increasing in value. This is so as a result of the lockdowns, and the housing repossessions, and my RV and campervan names seem to have increased in value, as more people seek to purchase these vehicles as homes or alternative holiday accommodation. This makes them a sellers market if they are decent names.
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Topic
Board Bitcoin Discussion
Re: Accepting Bitcoin for sales in a volatile market.
by
Baronets
on 27/08/2020, 10:23:48 UTC
I don’t know how long it takes for you to sell domains, ie, from the initial advertisement to final sale - is this likely to be 1 week, 1 month ?

Anything from 5 minutes to 5 years. I sold a name for Sterling in about 5 minutes over the phone. The buyer found my phone number through the registration information. That won't happen now, as names have privacy protection, but there is still a method of contact through emails. I've been negotiating the sale of another couple of names for over 3 years. I'm not to stressed about selling them, and the buyers don't want to pay my asking price. It costs less than $9 per year to keep them, so there is no pressure to sell.

I feel that I am missing out by not selling the names that I don't need, and I should have sold for Bitcoin when the price was around $3,000 or less. I don't need the money at the moment, but I feel that Bitcoin could more than double in value over the next 12 months, and that could be a conservative estimate. The names may not have a comparable rise in value, so it makes sense to boost my wallet savings whilst Bitcoin is going through a correction.

The real quandary is the possible opinion of the buyer. They could reject the whole concept of Bitcoin, especially in view of the reported frauds. One possibility is the use of an escrow service by a forum member. He could accept payment in fiat, and pay me in Bitcoin when the name has been transferred. I haven't seen a member offering such a service though. A registrar push is immediate, but a registrar transfer can take a few days to confirm the receipt in a buyers account. If it takes a week, that is a long time in crypto, and one would need to consider the possibility of price movements in Bitcoin during that period.
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Topic
Board Bitcoin Discussion
Merits 4 from 2 users
Topic OP
Accepting Bitcoin for sales in a volatile market.
by
Baronets
on 27/08/2020, 08:45:40 UTC
⭐ Merited by bitmover (3) ,Coolcryptovator (1)
I'm going to revive my domain name sales business, and I want to offer Bitcoin as the primary payment method. I may expand this to allow some other altcoins in the future, but I want to stick with Bitcoin initially. The problem is pricing in a volatile market. I believe that Bitcoin is going through a correction at the moment, but will increase in value significantly towards the end of the year. Of course that is guesswork on my part, and it is subject to 20-30% volatility. So how so you decide on the price? If I believe a name is worth (say) £5,000, do I ask for 0.6 Bitcoin, or do I make an allowance for price drops or increases? I don't want to quote the price in US dollars or Sterling.

Another consideration is the fact that most buyers will not be experienced in Bitcoin. I'm thinking of suggesting that they join this forum so that they can ask any questions about Bitcoin, and I will give them my Jet Cash account name, so that they they can check on my credibility. So far I have only used Coinbase to buy Bitcoin, but I may provide another couple of exchanges to give them some choice. Do you think it is advisable to offer these recommendations, or should I let them find out for themselves on Bitcoin Talk?

I'm also a long term member of a domain dealers forum, but I don't want to suggest that as a source of information, as that tends to lead them into trying to buy names at trade prices, and I am not desperate to sell at the moment. I've also got a number of crypto names, and I'll probably offer those for sale in the market place here, although I haven't had much success there.
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Topic
Board Politics & Society
Re: Coronavirus: How can YOU help?
by
Baronets
on 20/02/2020, 17:16:29 UTC
Probably the most useful thing we can do is to make people aware tht the virus is not deadly, and there isn't much you can do to avoid contracting it. So we should learn how to build our immune systems, and stop allowing vaccinations and pharmaceuticals that destroy our immunity. It we all contracted it, and most of us recovered, then we would develop a herd immunity to current and future Corna Viruses, and fewer people would die. Carry on as we are, and many will die as a result of the side effects from the pharmaceuticals.

They haven't even got a realible test for infection, so what chance have they got of finding a cure.
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Topic
Board Beginners & Help
Re: [Guide] How to find domain name registrar
by
Baronets
on 20/02/2020, 17:07:32 UTC
How about having a thread, or page where members can register their domain names, and users could check to see if a trusted member is the owner.  I'd be happy to list mine,and to associate them with my Jet Cash account.
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Topic
Board Serious discussion
Re: Voice.com sold for $30 million for new aocial media site.
by
Baronets
on 16/02/2020, 11:24:03 UTC
Interestingly, Steemit seems to be switching to a Tron blockchain. This means Steemit users will need to exchange their tokens.
Post
Topic
Board Serious discussion
Topic OP
Voice.com sold for $30 million for new aocial media site.
by
Baronets
on 16/02/2020, 10:40:10 UTC
The new voice social media platform is in Beta - https://voice.com/

What do you guys think it about it? It looks as if you need to use your real name to register an account, and to prove it with KYC. Will that slow down adoption?
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Topic
Board Beginners & Help
Re: [Data Breach] Check if your passwords have been compromised
by
Baronets
on 05/10/2019, 07:40:12 UTC
We cannot use separate email for every website we register. First it will be hassle to create hundreds of emails as every email require you to verify it with the phone number and managing them is not an easy task. I personally have 3 email ids and they are enough for me.

Host your own mail server, and group the email addresses. This has the added benefit of allowing you to see who is selling your addresses.
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Topic
Board Meta
Re: Digital Goods Sub Question - Mentioning Your Own Site
by
Baronets
on 05/10/2019, 07:32:26 UTC
Due to the increasing scams, many avoid clicking on any links, so posting to your primary business website will give a bad impression that will eventually backfire.

I agree with that as a general comment, but it takes us back to the point made by Tecshare - You need to be an active member here, and build trust and a reputation. I hope that nobody believes that my Baronets site is associated with any scams in any form.
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Topic
Board Meta
Re: Digital Goods Sub Question - Mentioning Your Own Site
by
Baronets
on 05/10/2019, 07:23:02 UTC
Baronets is the alt used by Jet Cash for domain name trading.

I have tried to sell domain names here, but I haven't had much success. I sold CryptoBounty.com through the Name Silo market place for example, and I have tried selling names like BitcoinScammer.com, and BitcoinVirus.com without gaining any interest. It requires a great deal of effort to gain any exposure on the digital boards, and I decided it isn't worth it. I have suggested that a board for the sale of digital assets such as domain names would be of benefit to members, but I haven't managed to find any support for this. My current feeling is that it is better to advertise your names for sale in your signature. If you are serious about selling names, you should have a site for listing the names, and for communications, and I use the domain Baronets for this. When posting the link, you should follow the forum guidelines, and avoid spamming, or the use of the URL out of context.

Escrow is a difficult problem, and you need to avoid generating a transfer lock in the process. I use the Name Silo market place for this. It allows for payment in a wide variety of currencies and methods, and includes Bitcoin. Transfer via a registrar push means that you may have some recourse to recover the name in the event of a payment default.
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Topic
Board Bitcoin Discussion
Re: Sats rather than Bitcoin - will it cause a price pump?
by
Baronets
on 27/08/2019, 07:10:45 UTC
The name bitcoin would always dominate over satoshi  just like the US dollar and cent. Most people are not comfortable with quoting "Satoshi" when dealing with small amount of bitcoin. Personally, I prefer saying bitcoin instead of satoshi irrespective of how small the amount or bitcoin.

Many currencies have a different word for the unit of a currency. For example Sterling is the word to describe the Britsh currency, and it has a variety of units within that - The Pound, Pennies, Sovereigns, Britannias and Guineas. The Pound and the Penny are the most common ones, and mst people don't know of the others. The Chinese currency is known as the Renminbi, but most people seem to use the Yuan, which is the trading unit. The difficult with Bitcoin is the massive gap between the Satoshi and one Bitcoin, and one can only assume that Satoshi's vision was for Bitcoin to achieve such a stratified value, that the Saroshi became the practical unit of exchange.

Once you move into the world of investment currencies, things can get a bit complex. For example, a gold Britannia has a face value of £100, and is legal tender in the UK.A single coin currently costs £1,320.09 ( it was sub-£1,000 not so long ago ). That is 132,009 pennies. Obviously public use will be based on the most convenient and univerally recognised denomination. My point ws that people may feel richer when they have 132k pennies rather thasn one Britannia. In fact this is not really a valid comparison, as a Britannia is minter from 24 carat gold,and thus has a high intrinsic value. The penny is manufactured from base metals, and thus has a value related to the fiat currency. I believe that Bitcoin will become an investment unit, raher than a trading unit in ther future.
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Topic
Board Off-topic
Re: I have a Bitcoin related domain name. What to do with it?
by
Baronets
on 25/08/2019, 11:06:17 UTC
The obvious use would be as a blog or advice site. I think the fact that is is a .com is good, but many people seem to think that .io is better, but that isn't as good for public acceptance in my opinion. "BTC" rather than "Bitcoin" means that you target audience may have to be Bitcoin aware people, so trading, news or product availability  may be good focus points. "Dude" makes it more of a personal site, so this could include. music, fum and your personal experiences.
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Topic
Board Bitcoin Discussion
Re: Does bitcoin need to be a currency?
by
Baronets
on 22/08/2019, 06:42:59 UTC
Wow - what an interesting range of replies, and I'd like to make some comments and venture some opinions.

There is no "the" government, the closest is probably the Anglophone empire which controls the central banks.

Fiat currencies are not created by governments, they are created by the central banks, governments just print notes based on currency they have borrowed from the banks.

Gold is increasing in use as a currency as the US dollar loses its status as a reserve currency. Because of its high value, it is used nainly at corporate and state levels, and by major crime organisations.

Gold is legal tender in a number of countries, and the UK is one of these. The Sovereign ( £1 face value ), and the Britannia ( £100 face value ). Of course the real value is probably 10 times the face value, and I suspect they maintain their status as legal tender to help the rich to avoid various taxes.

Bitcoin will continue to increase in value in my opinion, and this will remove whole Bitcoins from the reach of most peiople. However, the Satoshi has a much more manageable value, and this could well become a generally accepted unit of international currency. Even if the value of Bitcoin increases to astronomical levels, the Satoshi still has the capability of further sub-division, for example a micro Satoshi could be used with a value of one millionth of a Satoshi.
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Topic
Board Politics & Society
Re: Democrats are moving the goal posts, shifting from Russia to Racism
by
Baronets
on 20/08/2019, 07:22:54 UTC
These ant-racism knitting activists really annoy me. I've seen them shift along a seat when a black guy sits next to them, and to refuse to shake hands with non-white people. The whole affectation of avoiding calling people black, and calling them "people of colour" instead is stupid. The phrase "people of colour" is far more of a white supremacist description, than a simple expresiion of skin colour. Actually we seem to be shifting away from discrimination based on skin colour, and moving towards a language based differentiation. The revamped British Empire is based more on the supremacy of Anglophones, and the British/American/Isreali triumvirate is starting to become more obvious.

I can't work out if Trump is their agent, or is trying to regain the US independence from Washington. His obsession with increasing the spending by the Department of Offence seems to reflect the interest of the Anglophone empire rather than trying to "Make America great again". Attempts to dethrone him may well be a sleight-of-hand ttick to make him appesar to be on the side of the people. The bankers did a similar trick to obtain consent for the creation of their central banking organisations.