Bitcoin Domain Sales Parallel Current Events


Thanx to Michael Berkens to highlight BitCoins’ explosive popularity, and to theDomains for the references on sales and Boston registratrions, in two years of Coin domain reported Sales:

Nov 2011
flipthecoin.com $1,200.00
Dec 2011
coinflip.it 8,000 EUR
Jan 2012
bitcoin.info $2,500
CoinMint.com $11,000
buycoins.co.uk 750 GBP
Feb 2012
insertcoins.com $2,200.00
March 2012
coingames.com $3,000
April 2012
coininvest.com 5,500 EUR
May 2012
coininvest.de 1,100 EUR
coinbase.com 1795 USD
August 2012
bitcoinpay.com 1,600 USD
coinss.com $2,000.00
September 2012
coinflip.us 1,200 USD
December 2012
e-coins.com 3,700 USD
Godaddy auction: coins.INFO Auction is open 505 505 21
January 2013
bitcoincentral.com 1,000 USD
bitcoin.us $17,500.00
bitcoin.be 1,500 EUR


February 2013
bitcoins.im 1,000 GBP
bitcoin.im 1,000 GBP
March 2013
bitcoin.biz 2,800 USD
April 2013
Boston Registrations:
bitcoinforboston.com
bitcoinsforboston.com
bitcoin.li 1,750 GBP
coinstream.com $2,000
May 2013
qualitycoin.com $1,788
cointraders.com $2,488
coinoptv.com $1,125
coinwallet.com 3,500 EUR
HappyCoins.com $1,508.00
coinx.com 4,900 EUR
easycoin.com 2,100 EUR
bitcoiney.com 1,100 USD
litecoin.de 3,800 EUR
June 2013
OKCoin.com $2,295.00
cloudcoins.com 1,000 USD
coinbill.com $1,500
CoinBet.com $1,615
coint.com 3,000 USD
July 2013
unicoin.com $1,500
ancientgoldcoins.com $1,000
MegaCoin.com $3,118
gocoin.com $5,525
August 2013
coinvoice.com 2,900 EUR
buygoldcoinsonline.com 700 USD
October 2013
moneta.com 150,000 USD
coinpool.com $1,095
CoinRoll.com $10,000
bitcoinmarket.com $4,869.00
freebitcoin.com 1,000 USD
November 2013

HA Auction
CoinCompany.com $1,840.00
SellGoldCoins.com $2,990.00
TheCoinBlog.com $373.75
MyCoinCollection.com $690.00

coincard.com $3,400.00
personalizedcoins.com $1,199
bitcoin2014.com 1,200 USD
mastercoins.com $1,300
bitcoinresource.com $1,200
coin.org $4,000
exchangebit.com 800 USD
bitscan.com $1,600

Moneta, which means, currency, or coin, in Italian, was the highest, “coin,” domain, selling for $150,000.

Then, Bitcoin.us sold in the five figures, at $17,500, and CoinMint.com at $11,000, and CoinFlip.it, at 8,000 EUR, which translates to $10,854.40.

Timothy B. Lee of The Washington Post filled in more about the limited nature of BitCoin:

One of the unique things about Bitcoin is that every transaction on its network is publicly available for anyone to examine. Any time a user sends a payment to another user, that transaction is reflected in the “blockchain,” a global, permanent ledger of Bitcoin transactions.

You can examine every Bitcoin transaction that has ever occurred at a site called blockchain.info

and

Each Bitcoin address is associated with a secret encryption key that allows the owner of that address to transmit the bitcoins to another address.

Interesting! This is from the November 23rd article, Here’s who (probably) did that massive $150,000,000 Bitcoin transaction.

Purely from a news perspective, it is fun to backtrack the sale of Coin domains, now that BitCoin got the okay from Ben Bernanke and is rallying in worth. I didn’t even know what BitCoin is, before Mike Berkens of theDomains published his article today, If A New gTLD Applicant Used His $185K To Buy Bitcoins Instead His Investment Would be Worth $30 Million, defining bitcoin as mathematically limited currency in cyberspace:

Bitcoin is just a mathematical equation its limited by its own math.

Moreover Bitcoin is set up by design to work like a real mine, the more the mine has been mined, the harder it gets to mine new material.

Here is some more information from bitcoin.it

“”New bitcoins are generated by the network through the process of “mining”.

“In a process that is similar to a continuous raffle draw, mining nodes on the network are awarded bitcoins each time they find the solution to a certain mathematical problem (and thereby create a new block). Creating a block is a proof of work with a difficulty that varies with the overall strength of the network. ”

“The reward for solving a block is automatically adjusted so that roughly every four years of operation of the Bitcoin network, half the amount of bitcoins created in the prior 4 years are created.

10,500,000 bitcoins were created in the first 4 (approx.) years from January 2009 to November 2012.”

“Every four years thereafter this amount halves, so it will be 5,250,000 over years 4-8, 2,625,000 over years 8-12, and so on.

Thus the total number of bitcoins in existence will never exceed 21,000,000″”

Neat stuff! Then, I went over to FT.com, which is hard to access, because it is subscription only, but did come across the above video about bitcoin, before this past week’s runnup of the value of Bitcoin on the news of Ben Bernanke.

Mr Bernanke, in a letter to the Homeland Security committee, pointed out the Fed’s longstanding view that while virtual currencies pose money laundering and other risks, “there are also areas where they may hold long-term promise,” according to an article in FT.com, Bitcoin hits $785 with a little help from Bernanke.

Tom Carper, chairman of Senate committee on homeland security and governmental affairs said, “we need to develop thoughtful, nimble and sensible federal policies that protect the public without stifling innovation and economic growth.”

With the reported Coin domain name sales, since November 2011, Bitcoin appears to be ON!!!

Ref:

If A New gTLD Applicant Used His $185K To Buy Bitcoins Instead His Investment Would be Worth $30 Million – theDomains, November 26th, 2013

Bitcoin hits $785 with a little help from Bernanke, November 18th, 2013, by By Delphine Strauss in London and Stephen Foley in New York

Here’s who (probably) did that massive $150,000,000 Bitcoin transaction- – November 23rd, 2013, by Timothy B. White of the Washington Post

More Recent News:

‘Cryptocurrency’ on the rise: Bitcoin tops $1K – November 27th, 2013, by Alistair Barr, USA Today

Cyberattack Leads to $1 Million Bitcoin Heist- November 25th, 2013, by Lorenzo Franceschi-Bicchierai of Mashable

How to mine Bitcoin with your Mac- November 27th, 2013, by Jason D. O’Grady for The Apple Core, which appeared in ZDNet.

Much Ado About Bitcoin – November 26th, 2013, Opinion Piece by Adrian Chen in the NY Times, with over 150 comments

Winklevoss twins’ risky Bitcoin bet – July 2nd, 2013, by Maureen Farrell, CNNMoney

Winklevoss Twins Say Bitcoin Market To Hit $400B, Urge Regulators Not To Push Innovation To China – November 12th, 2013, by Agustino Fontevecchia in Forbes

Resources:

BitCoin on Wikipedia
Directory of Stores Which Accept BitCoin with BitPay
CoinVoice.com – Invoice in USD, and receive bitcoins
Latin American Bitcoin Conference – Who’s who in Bitcoin
How I make money mining bitcoins – Youtube Channel CNN Money
BitInstant – Winklevoss Twins project
Why Bitcoin Could Justifiably Maintain a Price Well Above Its Usage Value – November 25th, 2013, Bytemark Computer Services Blog

26. November 2013 by Louise
Categories: Home | 2 comments

Comments (2)

  1. Just think how much these domain names are worth today! Some great buys back then!

  2. I think the anonymous cryptocurrencies will do better in the long run…Darkcoin and Anoncoin especially.