Something to think about - IDN Forums

dabsi · #1 (**permalink**) 8th May 2006, 05:36 PM

Domain Name Speculation Bankrupts Chengdu Student

Internet, Shi Kaisheng
Xin Xu on May 08 | 18:05

Editorial Summary
A Chengdu college student named Shi Kaisheng spent all of his tuition money and savings on an unsuccessful investment in domain name registration, Chengdu Wanbao reports. Shi had registered more than 30 domain names since the second half of 2005, including stonesea.com, dayunhui.cn and libaiqing.cn. Every registration cost Shi a 60 Yuan registration fee and a 1,800 Yuan trademark registration fee per year. However, Shi has so far failed to sell any of his domain names. Shi said that he has no money for college tuition and may be denied a graduation certificate for defaulting on his tuition fees.

thefabfive · #2 (**permalink**) 8th May 2006, 05:41 PM

Just another form of gambling. Sounds like he has an issue understanding priorities.

Trademarks though?

thegenius1 · #3 (**permalink**) 8th May 2006, 05:45 PM

Not really anything to think about in my Book untill a chinese Native confirms these Names are Gold or Platinum .... and even then he just doesnt have his priorities in order , And this story sounds bogus if he really needed his money back for school and the names were worth him buying them with his School money in the first place it should not be that hard for him to recoupe Reg Fee ?

Hopefully this story will turn a few people off from buying IDN's Evil Genius LOL !!

IDNCowboy · #4 (**permalink**) 8th May 2006, 05:45 PM

He took a step too far... He didn't need trademarks on the names.

Out of all my domain names, I have trademarks on two of them as they are my biggest businesses.

REGARDS,

jeff

gammascalper · #5 (**permalink**) 8th May 2006, 05:46 PM

Gosh, $230 a name would inflict pain in anyone.

Maybe there's a "trademark your name" scam going around China much like the appraisal scam stateside.

Drewbert · #6 (**permalink**) 8th May 2006, 08:38 PM

It was the trademark registrations that nailed him, not the "domain speculation".

touchring · #7 (**permalink**) 8th May 2006, 08:52 PM

Probably another scam report to raise donations.

gatorgrad · #8 (**permalink**) 8th May 2006, 08:53 PM

bingo...... no need for trademark registrations if your buying generic domains.

Quote:

Originally Posted by touchring

Probably another scam report to raise donations.

maybe he can set up a million dollar homepage!

blastfromthepast · #9 (**permalink**) 8th May 2006, 10:23 PM

Quote:

Originally Posted by dabsi

including stonesea.com, dayunhui.cn and libaiqing.cn

This is wrong. StoneSea.com has been owned by Mr. Jimenez Hernandez Jose of Madrid since 2001.

The list of domains Shi Kaisheng owns can be found on dayunhui.cn

shen-7.com
volvos40.cn
dayunhui.cn
xibohui.net
lanshili.com
pkvs.cn
cnzao.cn
detie.com
chinastonesea.com
chinastonesea.cn
stonesea.cn
cnshen7.com
cnshen8.com

:o

Can anyone explain the appeal of Stone Sea or of appending 7 or 8 to a name?

I have a feeling we have had a few Shi Kaisheng type domainers showing up on this forum recently.

Olney · #10 (**permalink**) 8th May 2006, 11:16 PM

He should have stopped when he noticed the first 5 domains probably wouldn't sell.
I don't like risk.

jose · #11 (**permalink**) 9th May 2006, 02:01 AM

Quote:

Originally Posted by touchring

Probably another scam report to raise donations.

LOL. I agree!

Olney · #12 (**permalink**) 9th May 2006, 02:19 AM

Thinking about it more
I know plenty of people who spend ALL of their money on WEED, Women & Clothes.
Just because it was his college tuition does it make a difference?
I knew one guy that I loaned money to. About the time I really needed it he had hooked up with a Networking Marketing Company & convinced his wife's parents to invest between $10,000 to $15,000. (this was a person in the US)
Let's just say she divorced his dumb ass the same year.
After that I just gave up on the $1,700 I gave him while he was in Tokyo & about to be put on the street.

People make dumb moves, I don't feel sorry.