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I bought Friendster for $30k – Here's what I'm doing with it

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Re: I bought Friendster for $30k – Here's what I'm doing with it

#401

Earlier quoted context omitted.

> You're telling me there's no "notify me when domain X becomes for sale" service? I guess in today's age you would just schedule an agent to check the website every day.

Geez who did you offend? Half your comments are dead for no obvious reason I can tell. Vouched for you but you may want to reach out to @dang.

I think it started here:

https://news.ycombinator.com/item?id=47627269

Re: I bought Friendster for $30k – Here's what I'm doing with it

#402

> You’d have to be specifically watching the domain friendster.com at the right time to find and participate in the auction, or you’d have to actively watch gname.com daily to see this auction. You're telling me there's no "notify me when domain X becomes for sale" service?

> You're telling me there's no "notify me when domain X becomes for sale" service?

I looked into this a while ago and I'm pretty sure that there are hundreds of these services and even ones you can host yourself. No idea how well they work though.

Re: I bought Friendster for $30k – Here's what I'm doing with it

#404
post #259

Earlier quoted context omitted.

Yeah, but you have to scale the projections for uncertainty about the future, and exaggeration by the seller. In particular, if someone on the internet tells me they’re making $x a month from spammy ads on a squatted domain, I immediately discount the claim substantially due to bullshit. I increase the discount rate if the person making the claim is trying to sell me said domain.

True, but if the guy contacting you is the actual owner of the website you use to buy domains, his credibility increases enormously. He said this person was a customer on his platform. When that guy says "I have a website which is making 10k/year," and I already trust the domain platform he created because I use it as a customer, I believe him.

> I believe him.

Enough to be motivated to proceed with due diligence.

Whatever any potential buyer considers that to mean for them.

Re: I bought Friendster for $30k – Here's what I'm doing with it

#406
post #36

Earlier quoted context omitted.

You can check out similar sales on flippa.com - ad revenue does not last forever, even if it’s existed for years. And revenue is very much not profit, you could create a site and get $100/day in ad revenue tomorrow but it would cost you $200 in ad spend.

What does the spend go to, besides hosting costs?

Advertising costs, to drive traffic to your site(s).

Re: I bought Friendster for $30k – Here's what I'm doing with it

#407

> You’d have to be specifically watching the domain friendster.com at the right time to find and participate in the auction, or you’d have to actively watch gname.com daily to see this auction. You're telling me there's no "notify me when domain X becomes for sale" service?

> You're telling me there's no "notify me when domain X becomes for sale" service? I guess in today's age you would just schedule an agent to check the website every day.

Wouldn't that be rather inefficient, from a resource perspective?

Re: I bought Friendster for $30k – Here's what I'm doing with it

#408
The tapping phones thing really limits the utility of this, and I suspect gives away something about the age of the author - as one gets older, friends move away from the place where you originally made friends, often all over the world. Given I'm not allowed to connect with most of my friends via friendster, there doesn't seem to be much point in creating an account.

Re: I bought Friendster for $30k – Here's what I'm doing with it

#410
I have sliver of idea for social media based on curiosity and knowledge tidbits.

Each user gives itself some field of interest, maybe its makeup, maybe its molecular biology, maybe it's something else. Then the system finds similar people with same interests. There are no subreddits with abusive moderators, no rigid containers. Just that you get content you are interested in based on genuine people. Then you can like talk to them about these things or see them posting about the stuff

and you get separate feeds for each kind of stuff,probably ai categorization

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