Swetha still under scrutiny (6.Viewing)

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New member here, but have been creeping for a bit :)

I was Swetha's counterparty on a lot of her early big crypto .xyz sales. Some were records at the time. She's a real person. I talked to her, and her husband to help them setup bitcoin wallets in 2017!

In crypto there is a saying: "Protecting their bags". Mike seems like he's protecting his 2-3 word .coms as hard as he can! LOL
 
What is the appeal of .XYZ to people who are paying high 4 and 5 figure amounts for them? I think that is the hardest part to understand. In tech circles is it seen as a desirable extension? XYZ means nothing. You can understand, .AI, and .IO (1's and 0's in coding), and .CO is close to .COM, but XYZ has nothing like that. I could understand the odd one off big sale, but there's been more big .xyz sales than you'd expect imo. I used to question all these Swetha sales but now I am more inclined to believe they are for the most part legit. It's just one of those things that even if you can't understand or believe it, doesn't mean it isn't happening.
 
I will tell you my reasoning.

I was early in crypto (went full-time 2012), so the mentality needed to do that at the time meant you had to go against what the market was saying was rational. There was a rebellious side to it as well. Many people I respected (in finance, friends, family) regularly ridiculed me, and others getting involved and doing the same worldwide. So there was an entrenched mindset of fighting established systems and expectations.

When founders (like me) were looking for good domains to build startups on, all the great .coms were taken, and were out of the price range of entrepreneurs with budgets (no VC funding available at the time). With the new gTLD program, more possibilities for digital real estate for our projects became available (coinciding with a huge increase in companies in the crypto space). Unfortunately most of those extensions were targeted to categories or specific uses (.accountant, .tools, .cooking type TLDs), and only one stood as usable for ANY use case --> .xyz.

It was the first truly open extension that really had no category/type tied to it (for usability). With xyz meaning "anything", I saw that it had a ton of potential and others did too. Combine that with the very low registration fee at the time ($2?), it was a no brainer for me to grab a few (just in case), kind of like how we bought bitcoin early, and start building on them. It was also a way to give an equivocal "F U" to the .com owners who were trying to charge us (in our view) an arm and a leg for things they were just sitting on (rent seekers/middlemen).

So .xyz kind of started as a rebellion in my mind, and then (just like crypto), went from being niche, to being important in the space. .xyz also looked/felt cool and techy, so the extension was quickly accepted and the aftermarket values started to reflect that.

.com was initially meant for commercial businesses (but became general use after), .net was for network/tech companies, .org was targeted initially to public/private orgs, etc.. In my mind .xyz was the first truly "anything goes" sort of TLD, and I wasn't the only one.

So my conclusion is that it's valuable BECAUSE of it's general use case function, not the other way around. :)
 
MapleDots said:
I think her sales are real, it would be hard to fake all the afternic stuff. She even gave account access to namebio. You can't be more open than that.
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Yes. I can at least attest to my purchases from her. Also knowing how the crypto industry was trending (and the amount of money that was generated), I can see how they started reaching 5 figure sales as well. It was fueled by the crypto pump, and now a lot of those companies are mature, with new participants well funded and attuned to the .xyz extension as acceptable.
 
dotcomma said:
I will tell you my reasoning.

I was early in crypto (went full-time 2012), so the mentality needed to do that at the time meant you had to go against what the market was saying was rational. There was a rebellious side to it as well. Many people I respected (in finance, friends, family) regularly ridiculed me, and others getting involved and doing the same worldwide. So there was an entrenched mindset of fighting established systems and expectations.

When founders (like me) were looking for good domains to build startups on, all the great .coms were taken, and were out of the price range of entrepreneurs with budgets (no VC funding available at the time). With the new gTLD program, more possibilities for digital real estate for our projects became available (coinciding with a huge increase in companies in the crypto space). Unfortunately most of those extensions were targeted to categories or specific uses (.accountant, .tools, .cooking type TLDs), and only one stood as usable for ANY use case --> .xyz.

It was the first truly open extension that really had no category/type tied to it (for usability). With xyz meaning "anything", I saw that it had a ton of potential and others did too. Combine that with the very low registration fee at the time ($2?), it was a no brainer for me to grab a few (just in case), kind of like how we bought bitcoin early, and start building on them. It was also a way to give an equivocal "F U" to the .com owners who were trying to charge us (in our view) an arm and a leg for things they were just sitting on (rent seekers/middlemen).

So .xyz kind of started as a rebellion in my mind, and then (just like crypto), went from being niche, to being important in the space. .xyz also looked/felt cool and techy, so the extension was quickly accepted and the aftermarket values started to reflect that.

.com was initially meant for commercial businesses (but became general use after), .net was for network/tech companies, .org was targeted initially to public/private orgs, etc.. In my mind .xyz was the first truly "anything goes" sort of TLD, and I wasn't the only one.

So my conclusion is that it's valuable BECAUSE of it's general use case function, not the other way around. :)
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Good story & I can see your perspective at the time.
 
The key question is not whether these XYZ sales happened or not (they did), it's whether Swetha has some type of advantageous link or relationship with the XYZ registry owner Daniel Negari, who has (to put it lightly) a very checkered past.

The main problem is that when you ask this type of question, the deflecting response from the XYZ supporters (and bots) is an idiotic and illogical "so you think her sales are fake?" They always trot out the "fake sales" strawman, always.

Then Swetha gives us more unneeded proof that the sales took place (we know they took place), but no one ever answers the real question. And yes, it's been asked many times.
 
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DomainRecap said:
The key question is not whether these XYZ sales happened or not (they did), it's whether Swetha has some type of advantageous link or relationship with the XYZ registry owner Daniel Negari, who has (to put it lightly) a very checkered past.

The main problem is that when you ask this type of question, the deflecting response from the XYZ supporters (and bots) is an idiotic and illogical "so you think her sales are fake?" They always trot out the "fake sales" strawman, always.
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From what she told me before, she DOES have an advantage with the XYZ registry, but not in the way you think. She grabbed a lot of early good SLDs, which were later changed to Premium (in the backend registry) but she was able to keep them at standard renewal since she didn't let them expire. But that's as far as my understanding of her "advantage" is.

In my opinion, it would be beneficial for them to have a relationship NOW (as their biggest promoter), and they should give her some sponsorship, or something at least, but she's made enough from her holdings not to care about that I think.

In regards to Daniel Negari, I don't know the guy personally/business-wise, but have read the same things. Not the best look, but I like to give a benefit of doubt to old historical issues and new success. People improve, and get better. Also a slap does correct some people as well, then they live in fear after and act right. Beyond that I can't say much about Daniel. Swetha I've had business transactions and correspondence with so I can only talk from my experience.... she's a HARD negotiator, and fast to respond -- all good signs of business savviness.
 

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