Good Afternoon folks,
Many of you have wondered why I have
remained so silent on the Snowe Bill. What am I supposed to say at this point?
It isn't like I did not see this coming and I stated so very publicly back long before the Snowe Bill even emerged. I really can't say any more so all I can do
is wait for events to unfold and reprint my words from the DNJournal article I contributed to at the
beginning of the year that says it all. Pretty frustrating when you see this stuff
coming years away and then few pay attention until crisis is on the
doorstep and even then most say they will just leave it to others to take care of.
“Everyone knows I am about the most optimistic
person you will ever meet. But my optimism is never divorced from reality. Reality is what IS whether we like it or not. I will probably take some heat for what I have said and even more for what I am about to say, but so be it. The following was a blog post I was going to make this week. I think it would have more value here first.
The enemy within
There is no question that 2008 will be the most challenging year ever for domain owners and investors. While domainers are having a grand old time their livelihoods are in peril
and few really even want to know about it. Combine that with the abuse that domainers themselves are guilty of and I will tell you that the biggest threat lays within the industry. Apathy, greed, wrong doing will surely put us all in jeopardy. While we do these things, our enemy is organizing and they will change rules and laws that will take YOUR domains and the earnings they currently make for you and
your families and are actively trying to shift those dollars to their pockets for them and their families.
But party on like a ship of fools my
friends. My gift is seeing things before they materialize. But hey, don't pay
attention. Don't believe it. Don't do anything. But I promise you that some day
in the next 3-5 years (Maybe much sooner) I will point to THIS POST and
let you know that there was an opportunity to avoid it but you were too busy
laughing at what I suggest. The laughter no different than the day I
'Wasted' my first $100 and bought a domain name. So I am quite
used to it.
The forces are gathering. You have a choice to ignore
this. But when you do, ask yourself how you are going to feel when your domains are in jeopardy? When it is too late? When your domains are gone and
the income along with them?
Like I said, the biggest threat may be from within. Let's face it - many registrars and others are just outright
whores and their practices are not only raising eyebrows, but rules and laws will be put in place to try and control them and their abuses. While doing so we may get smothered in the process. Some domainers are no better.They
focus on Trademarked domain names and that does not help us either. Some think the problem is small. I will respond to that once I stop laughing. It is out of control and makes everyone look bad.
I see what is going on daily when I
get emails from the Internet Commerce Association (ICA). The threats are everywhere.
Forces against us are joining together. If the domain industry does not get ahead of this we will all see the day in which some unfair ruling will be
used to take your assets away from you. Those assets are worth a fortune. No matter what silly appraisal you have had, GREAT domains are worth much more than what they say.
The proof will be obvious when you see the millions they will spend to get what you have at a FRACTION of the fair market value.
There are storm clouds gathering and it is serious. Choose to ignore and you have only yourself to blame. The choice is easy, start educating yourself now. Get the ICA newsletter. Pay attention to the decisions and why domainers are losing domains. Do whatever you can to prevent what is IN PROGRESS. Or do nothing and start looking for your next
career and how to replace your incomes.
Some will view this as doom and
gloom. Some will view as the sky is falling. My email will go bonkers. It is quite the opposite. The value of domains are going up faster than you or I even know and THAT is the reason we are a target. If the values
were not there, if the importance were not there, these folks would not
care about our assets. They validate the FACT that some of the
assets we own are PRICELESS. Unique assets, investments, collectables, virtual real estate, storefronts, that have gone up in value faster than
any other investment in history. Assets worth fighting for.
Worth changing laws for. They will spend MILLIONS to get what we own. They will spend tens of millions. Just ask yourself one question. “Why would they spend so much to get what we have?”
We have insurance for everything we
own. The house, the boat, the car, the life, the health, the toys, etc. etc. etc. Yet for some unexplainable reason domainers won’t insure their futures. Won’t insure the very thing that pays for everything else. Won’t insure that they are insulated from predators that want what you own. You folks own “Mona Lisa’s” and these PRICKS want it and they don’t want to buy it. They want to legislate it away from you. Tax it away from you.STEAL your assets through legal means and I am telling everyone in the industry that they will WIN if you don’t step up and pay attention and support efforts to insure our futures.
Steve Forbes related much of the same message at TRAFFIC as this has been done throughout history. Ask any of the top domain lawyers. Ask the top domainers. They all know what is coming. You will all live to see the day that billions of assets changed hands because some of the smartest folks on the planet failed themselves and their families. This is the one predication I don’t want to be right on. My job is to ring the bell as loud as I can and get the industry to take this seriously. Consider the bell rung.'
The only thing I can add to this is a public thanks
to Phil Corwin. For folks that don’t know, Phil is the guy standing between you and the screwing of your lives. The industry has a fire department. It has one fire fighter. Phil Corwin. If this industry does not support Phil and his efforts with the Internet Commerce Association, there will be no industry to support. And when this bill goes down to defeat, there will be another right behind it. And another. And another. Then one day in the DEAD OF NIGHT, they will attach some provision somewhere that will change your lives in the most profound way. Please don’t anyone say they did not see it coming. Just say you pissed your futures away because: (Just fill in the BS here)
Update: Read this and it will explain my decision below.
I am not going to blog anymore. People are not paying attention to what is coming. They expect somebody else to take care of it for them. The parking companies have the most to lose so I am
confused as my priority and a lot of other domainers I know priority is
now moving domains away from PPC. They are doing it as quick as
possible and starting with the most valuable domains with the most
traffic. I am going back to taking care of my business. Nothing further
I can or will say publicly. I wonder which PPC company will be the
first to do a Bear Stearns?