Quote:
Originally Posted by Ceres
Personal ties to domains/friends are probably the main reasons why weak domains are being accepted on Bido. That's my guess.
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Yes, you may be right. If it works for them, that's fine. As for me, I'd like to see a response for domain names not accepted and maybe have the bidders or domain experts vote domains into the auction.
Quote:
Originally Posted by Ceres
Yes, Bido is a fantastic idea and they have implemented many other original ideas. However, the weak domains spoil it.
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Agreed, it is a fantastic idea. The weak domain names will eventually cause people to lose interest. If we want to chat about domains names with domainers there are plenty of places to do so.
I guess all we can really do is keep an eye on it and see how bido plans to expand. They're either going to make it or break it.
From a financial standpoint, I'm not sure how the system plans to be profitable with single domains selling for under $1000. Think about it, if they aren't Bido's domain names and they take 8%, that's only $80 a day if the domain brings in $1000. So I'd have to imagine that most of the domains they're selling are their own domains otherwise they'd be out of business. Even so, based on sales it would seem a bit difficult for the system to support the two founders and Jarred and Art. That's 4 people. $80 or even $1000 a day simply doesn't make it profitable. Maybe it's just poor business planning. Not to mention, I believe they pay for the transfers into Moniker. We'll just have to see how it goes.