Originally Posted by PokerPie

His post explained the sales pitch, not the business end. You guys have been wrapped up in this system so long you believe the brochure.

I understand all the reasons one could give them to make them think it was a good investment. i understand all the reasons that it may in fact be a good investment. I also understand that this name is not worth anywhere near that amount of money.

The only disagreement here is on the definition of value. You guys define value as 'the most I can get some idiot to pay for it'. I define value as 'the amount the name would fetch at an open auction'

This same exact thing happened to the trading cards industry. Shop owners used to use Beckett magazine to price their cards and sell them to kids. Then eBay came along and changed everything. There are still those old codgers claiming Beckett is the real value, but you can get cards on eBay for 10% of what Beckett lists them as.

The same will happen to domains in time. End users will figure this process out and stop paying stupid prices, resellers will have to start selling domains for less than they think they are worth, and prices will come down....and there will be liquidity in the marketplace.