Cameron Winklevoss, Co-founder of a Bitcoin exchange called Gemini (which operates on the brand match Gemini.com), tweeted about domain names a few days ago, comparing the early days to crypto assets:
Cyberspace assets = domain names
Cryptonetwork assets = tokens
1990: 4-letter domain = $10. Same domain today = few millions max
2009: bitcoin pizza = $10. Same pizza today = ~$80million
Ability to own a piece of Cryptonetworks > Internet.
— Cameron Winklevoss (@winklevoss) May 23, 2019
Winklevoss compared the valuation and appreciation of 4 letter .com domain names in the early days with cryptocurrency assets. I don’t really think it is a great comparison. For one thing, there is a very small percentage of 4 letter .com domain names worth seven figures. Every 4L .com has some value, but that can range from hundreds to millions of dollars. Secondly, each 4 letter .com domain name is unique, and the value differs for each name based on a variety of factors. I don’t think it is a great comparison.
What do you think about this comparison?