Quote:
Originally posted by arg
There are some newbs who think that way, and it's not a new phenomenon, they've been on eBay and elsewhere since before GFY. Taboo, however, doesn't seem to be a noob.
Also, with the example of "word"blog.com, I would say that the names are worth more to him than to others, because of a project he's planning to launch. There are domains that are worth more to me than normal market value too. It doesn't mean we're noobs for overvaluing them, they're just worth more to us.
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I know Taboo is not new in the sense that he just began registering domains or has a tendency to over value his domains. I think of him as a newbie because he has an incredibly bad business sense. Best example, is how he started that "domain" thread, which although can not be metered directly, has no doubt created an insane amount of new competition for domains. That single thread is responsible for driving up bids and searches on domains at auction (GFY is a powerful phenomenon). More competition may happen naturally over time, but the way Taboo purposely creates this, even driving up bids and searches on the same "blog" domains he is trying to acquire, is beyond me. It is stupidity and lack of wisdom at its strongest. Perhaps, he thinks he will make his domains increase in value by creating hype. That is the lack of widsom. He is losing far more than he will gain.