New gTLD's - you were dead wrong (2.Viewing)

Part #1


Part #2

Remember, a lot of these guys are smart and fully realized the 'new gTLDs' were a massive scam, but they also hoped to make a ton of money off the rubes before the grift became evident. It's a tale as old as time with the ethically-challenged.

Look at NFTs - anyone with a brain understood this was a pure scam, but you had a lot of smart domain investors (Andrew Rosener, Shane Cultra, Andy Booth, etc., etc.) who were all in up to their necks, selling NFTs, hyping them like mad and being massive NFT hucksters. Did they actually believe NFTs were a good investment? No way, but acting like they did made them a crapload of money.

And when the NFT bubble burst, these shills immediately disappeared from the NFT market and went back to selling domains. The shift with Rosener was insane, as one day he was screaming about how NFTs would outpace domains, and the next his "NFT huckster persona" totally disappeared, to never be heard from again.

Pretty good trick, right up there with Keyser Soze.

DomainRecap said:

Remember, a lot of these guys are smart and fully realized the 'new gTLDs' were a massive scam, but they also hoped to make a ton of money off the rubes before the grift became evident. It's a tale as old as time with the ethically-challenged.

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lol, Monte Cahn - its right there in the name if you listen. Speaking of which, same for Schilling.

And sure, some may just say that Schwartz is just pitching his own interests, but, history is proving he was right all along, and that the gTLDs were just a massive grift.

At least gTLDs had some logic to a few of them. But the NFT crap was pure grift. If you ever got suckered into any of that, you're best not to ever admit it!!

It's funny that 10 years later Rick is bringing up the receipts on this debate, and that he's the kind of guy that will remind you he was right even years later. I'd have to watch it again to see what was said, gTLDs haven't been an utter failure but on the other hand they've come nowhere close to replacing .com to any meaningful extent either.

What's also funny is I started playing pickleball, and to reserve a court you have to register at HoldMyCourt.xyz (they also use the .com but the specific link for our area uses the .xyz)

As for NFTs, I think we've seen in recent years the phenomena of social investing, where there's a large group of people out there that will just pile on to something that starts to grow, until it takes on a life of it's own, and the smart ones will profit as much as possible from it, while the many will end up holding the bag at the end. With social media today and everyone connected at all times, it's easy to see how something can grow quickly with the network effect, which wasn't around 20 or 30 years ago to the same extent.

But Rick has also been wrong about a lot of predictions, you just won't hear him bringing them up.

.AI is a great example, as when it was catching fire, Rick was totally against the trends and predicted it would be a dumpster fire. Gee, I wonder how that turned out for him, especially now that he's playing follow-the-leader and buying lots of .AI domains.