I have recently embedded Google Analytics into a site using the default embed code.

<script>
    (function (i, s, o, g, r, a, m) {
        i['GoogleAnalyticsObject'] = r; i[r] = i[r] || function () {
            (i[r].q = i[r].q || []).push(arguments)
        }, i[r].l = 1 * new Date(); a = s.createElement(o),
        m = s.getElementsByTagName(o)[0]; a.async = 1; a.src = g; m.parentNode.insertBefore(a, m)
    })(window, document, 'script', '//www.google-analytics.com/analytics.js', 'ga');

    ga('create', 'UA-XXXXXXXX-1', 'MYDOMAIN.COM');
    ga('send', 'pageview');
</script>

However I had MYDOMAIN.COM set to an incorrect domain.

The views for the site seem very low, however, I can see myself there as a visitor in the real time scanner.

What effect would setting the domain incorrectly have had? How does Google use this parameter?