Bitcoin Forum

So, anyone investing in Kim Dotcom's Megaupload 2.0 venture?

Any thoughts?

I personally will not as I don't buy myself into something that gets hyped up to a level where there is no real benefit for me. It's basically a gamble in my opinion.

kim dotcom is a convicted fraudster. he also has every single law enforcement agency eyeballing his every move plus he might be off to America and never come back very soon.

I don't find any of that a very sexy investment prospect. even if it does get up and running, i'd want to see some evidence of major decentralization or it's gonna be shut down asap.

I'm gonna pass this one, minimum investment is 1000 euros, too much for me, but if it was lower I'd put some money in it.

Megaupload was once the 13th most visited site on the web and responsible for 4% of all Internet traffic at its peak.

yeah i might have put a little in but the minimum investment is pretty high for me and i think it is even classed as high risk, i would rather put a few thousand in to bitcoin and see what happens in 2 years at least i will have control of my own money still.

It is indeed very high risk, as with all startup investments. There is a lot that can happen to screw this up, as mentioned by you guys!

Personally I'm considering backing the project, mostly because I want to support growth in the btc world, and also to support Kim, because IMO the US pulled some shady strings to raid and shutdown this guy in the first place. They haven't touched any of the other filesharing sites..

Regarding Kim going to jail, that would be bad, but again, he's basically the evangelist, so the project would most likely go on without him.

I would like to support the project, but i dont like to invest into something i dont see soo its kind a sure to say that i may regret later havent invested into the projects, but i do believe there are too many eyes looking Kim at the moment, it sould be good for crypto world a big project like he is trying to make.

I've read quite a bit about Kim Dotcom and also followed him for a bit. In all honesty he seems like a cool guy. although there tends to be more sensation to what he offers than comes in due to what law enforcement does to try and remove his genius investment.

I use a few of his services and although they work good he seems to sell off for new ventures. I hope all goes well with this and allows him to continue development regardless of his past.

well, history has proven that hype works best in crypto currency world. just look at the altcoin prices especially coins like ethereum which are full hype. it seems like people are only interested in short term investing in these hyped up things and make quick profits.

Considering. here is a video I saw about it, also posted this on one other thread I saw on this forum: https://www.youtube.com/watch?v=-Di3Hw6SwvE

Does anyone know the minimum amount to invest ?

The minimum is 1000$, for 0.001% equity.

Wow, thats a pretty big valuation. In that case, would not go for it. Is it worth the 100 million valuation though according to you all  ?

If its a hit like the original MU it will probably be worth it, but thats a BIG if!

i did not even know that they are accepting investments!

i am aware of the project that kim dotcom has been advertising and hyping a lot in the past month or so but this is the first time i am hearing about them accepting investments.

can you give some more information and some links?

https://bnktothefuture.com/pitches/megaupload-2-bitcache

You can invest here and help out! If they don't meet minimum req. the project will probably not happen!

Feel free to use my referral link if your are investing: https://bnktothefuture.com/?ref=Sai_LlznXSy658Hh1TQBUQ ^^

From what I see:

MINIMUM INVESTMENT GOAL               €908,926
RAISED SO FAR                                  €678,895

I think that the minimum will be surely achieved.
And if the minimum is 1000$.. it's too much. "Never invest more than you afford to lose" (although I feel that the chances to lose are not too big).

I totally agree with this, personally this will be the "wild card" in my investment portfolio. The rest I put in passive index funds, bitcoin and a high rent savings account.
I'm trying to save/invest 3000$/month.

Megaupload 2.0 & Bitcache will probably have MU 1.0 User base + a lot more since he promised to to give old premium users their accounts back. (He still have the old database) , but here is the thing , chances that this project is going to be successful are high , In the other hand It could go down anytime as Kim dotcom still have some legal issues with the U.S authorities and Investors can't afford taking such a risk.
Another reason for why he didn't achieve the minimum goal yet is that he only accepts Bitcoin as a payment method while most of investors prefer to pay using credit cards etc...
I personally didn't invest since I invested in another project (ICONOMI tokens) but I guess MU2 is going to be successful and I hope everyone who invested will get richer. ;D

The company is not dependent on Kim, and they got a legal team handling everyhing from the start, so thats promising! They actually accept bank transfers now, not only bitcoin!

I want to see Kim succeed, he deserves it after all the BS he's been through IMO ^^ And if I earn some money in the process, thats a bonus :P

Seriously, I tried to register in bnktothefuture (https://bnktothefuture.com/) website but it seems they are only allowing high profile investor. I am willing to try in small amount just like what we are doing in ICO :) Is there any way?

not going to invest my money there. i am either the type of person that is holding coins for the long term, or using coins to trade with. i never invest in sites, services, projects, and the list goes on. i want to have control over my coins. if you send your coins there, you are left waiting and depend on how that project will work out. not something i would do...

I don't think the name is worth that much. And the project? Details are still unknown, even the overview is unknown. What are you buying?

An escrow to invest would be nice. I can put $10 in. 99 people with me, we can join!

When you register you get 3 choices on how you want to portray? yourself. High net worth is one of the choices. Sophisticated is one of the choices, go for that one if you are interested.
1000$ minimum buy-in tho!

I haven't invested in this one and i think i am not capable to risk 1000 euro in something which is over hyped and also there is no actual product out for testing. The claims of kim is high on this project but i will better wait and watch how this gonna start/end.

You are basically buying a very small portion of the company's equity. To help them to get the ball rolling. Which means you will only get a profit if:
*They are a huge success and they eventually get launched on the stock market or get bought by another firm.

If this doesn't happen, you have lost your money.

I'm actually not totally aware of that concept at all, i just heard about it before sometime but never knew it properly if what it is or how it would work, and i never knew that there would be some investment part about it, could someone explain it a bit for me?

It all depends on user mass, how many will use these services? Will it be a good service? Noone knows!
If it gets the same amount of users that MegaUpload 1.0 had, it will be worth it.

As I said earlier, investing in startups are always high risk!
In fact, 90% of startups fail: http://fortune.com/2014/09/25/why-startups-fail-according-to-their-founders/

So, to invest in a project like this, you must be willing to lose your money!

The investing part of it is basically crowdfunding of a startup.
You can read more here: https://en.wikipedia.org/wiki/Crowdfunding
and here: https://en.wikipedia.org/wiki/Startup_company

I would have invested but as the minimum threshold for investment is too high,I can not invest

I actually believe that this service will be successful at first,
but it runs the risk of legal action if people are using it to transfer pirated videos, music etc.

The investing I will be doing is holding some Bitcoin in hope it attracts new users and the price rises.
But the company could be very successful and investors could actually stand to make a lot of money.

Kim Dotcom is a master in marketing for sure. Even though his new upload platform features advanced technology - most notably encryption - I remain skeptical if it will be as successful as the original. The simple reason is that time has passed and consumer behavior has changed. At the time Kim's first endeavor started there were no established and affordable streaming services like Netflix that we have today. Today's customers are more willing to pay for good content if the price is right. That limits the attractiveness of a service like Megaupload 2.0.

The investment offer isn't attractive. It values Megaupload 2.0 at USD 100 million which is pretty steep for a business with zero existing revenues. You also have to consider the substantial risks of the business facing legal retaliation by copyright holders and the like. So there are clearly better ways to invest your funds (for example by buying Bitcoin :) ).

ya.ya.yo!

It's a gamble for sure!

I don't get your comparison to Netflix tho, Megaupload is not a streaming site, nor a site for piracy stuff!
A better comparison would be Dropbox, Onedrive, Jottacloud.

The BitCache part, is the most exciting part of it IMO. If it can provide a method for micro-transactions for media, (which is very much needed), that could possibly change some things!

But yes, it's very high risk!

Kim became more famous after his website megaupload went down and the drama that was made after that. Of course that everything that is about bitcoin we are interested in to see what do they offer and hoe the bitcache will work, I don't think that is the right moment to conclude if it worth investing or not where it is not clear what bitcache is or will be.

I believe I got a pretty good idea what BitCache will/could be, but time will tell I guess.

The funding campaign met its minimum requirement of 1.mill $ today, hopefully it will amount into some kind of product/service in the end.

I'm personally not investing as I am not sure if I believe anything that he says. That being said, I'm following the situation very closely and would love if he actually pulls something off, it would be great for Bitcoin.

it's not gonna be used for anything other than piracy.

he should be touting for business on the darknet not the vanilla section.

I'm also not investing since the minimum investment is just too high for me and I would not be too sure that the project would succeed.
It just doesn't seem all too innovating to me, in terms of general use case scenario I mean.

Do we really need another file sharing service, even if it is new and innovating? I just don't think that the general public will want to use it over other services.

Nah I will not invest, check  ::):


https://i.imgur.com/ZPpbE3v.png


The last 3 days and it has not reached the minimum goal of 910k dollars :).

There's always a last minute surge. people love a bit of drama. most of the money will probably be his in disguise but it looks good from the outside.

True, but its kinda foolish. If ur going to invest in the first place, you should probably have done it before they hit their minimum goal, since you get 50% more shares if you did!