Last night, I happened to come across a new domain sales section on DNForum, “Domains For Sale (Accepting Bitcoins) – Fixed Price.” People who want to sell their domain names for Bitcoins as payment may list their domain names for sale in that specific forum.
According to an unscientific poll I ran the other day, a little more than half of the people who voted in the poll said they would accept Bitcoin as payment. Frankly, I would accept any form of spendable and reportable currency for a domain name if the value was right and I could use or convert the currency. You can pay me in US dollars, gold, Bitcoins, or even a luxury watch if you wish (Pierre Kunz, Franck Muller, Vacheron Constantin, or Hublot in no particular order). As long as I can use the currency and report the value to the IRS, we can probably work out a deal. Well, the watch deal might be complicated (pun intended).
It will be interesting to see how popular the forum becomes, especially given the fluctuations in Bitcoin value. With Bitcoin in the news, there is quite a bit of interest in the currency, but it’s tough to sell a domain name for a bitcoin when the value can fluctuate 30% on any given day. That would likely mean people who list names for sale there are pricing the potential fluctuations into their purchase price, and that doesn’t exactly jive with making a quick sale.
We’ll see if this forum sticks around or if it’s more of a temporary novelty. Whatever the case, I would recommend that people put a time limit on their offers if they choose to list domain names there. It would be upsetting to list a LLL.com name for 20 Bitcoins only to see a precipitous drop overnight. That would certainly test the ethics of forum members.