Bitcoin Forum

from: https://twitter.com/KimDotcom/status/222759825526890496

Rick Falkvinge and others already pointed him to Bitcoin.
Given that he has some issues with frozen funds he has a lot of incentive to see Bitcoin grow.

Make this happen.

Kim must hate the US more than anyone. Imagine if BTC/tor hidden services became the new way to pay for/access illegal downloads.

It will be interesting to see MegaMusic+BTC  ;D

MegaBitcoin ?

Sent him an e-mail.

He really could throw bitcoin into the mainstream if he launches bitcoin support for his new music service.

Do we already want this though?

I can't speak for everybody, but yeah I would want this. I want to be able to have my whole product chain using bitcoins, at this moment I still need to exchange to USD to pay for certain parts of it. Mainstream means more merchants, which is a good thing.

If he accepts Bitcoin it would be a very good news

Do want.

has had a strong response on Twitter

As much as I would want this, I don't think Bitcoin is ready yet. Look at how much faster the blockchain is growing with a popular service such as SatoshiDice, which only caters towards Bitcoin users. Now imagine a giant such as MegaUpload, which caters to a much much wider audience, starts using Bitcoin. The blockchain growth would be out of control. Coming up with and implementing features to keep the blockchain growth in check should be top priority right now in my opinion.

+1

As I always say, nothing gets features implemented like the imminent catastrophe!

+1

uploaded.to already takes bitcoins... if all file sharing sites did, it would be awesome

Time to scratch together more for buying BTC!!!

Sure  ::)
Folks where up and downloading gigabytes per DAY using MegaUpload - I am pretty sure they can handle something as laughable tiny as the blockchain.
Nice try, tho

Rick Falkvinge's tweet suggesting Bitcoin was retweeted to Dotcom's ~90,000 followers:

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

I don't think he was referring to megaupload themselves handling the blockchain, but everyone else who needs the blockchain dealing with it.  It seems that the rapidly increasing blockchain size is something of a major hurdle atm.

I added a tweet:

https://twitter.com/FerrohDotCom/status/223042058900877314

As for other's concerns of the blockchain -- I think we should keep that out of this thread, this issue has been addressed many times. In the short term -- just dont download the blockchain. In the long term, a better solution will be implemented. For now, we can afford a few extra gigabytes on the chain, especially since the influx of bitcoin users would create plenty of incentive to implement a shorter blockchain solution faster.

With popularity among consumers, comes interest from new developers, perhaps even with a fresh pair of eyes, to help build our infrastructure and take their own piece of the Bitcoin pie.

I was talking about the actual users. Who do you think was downloading all those HD movies of several GBs on MegaUpload?
The blockchain is smaller than one of those HD movies - dont even look at those 20GB+ BR rips.
And there are tons of web sites out there, where people watch movies in realtime, streaming it. And you really thing someone cares about a few GB?
So yes the blockchain probably is too large for the 90s - welcome to more than a decade later ;)

I will leave bitcoin instantly if it becomes mainstream, I'm too hipster for that.

But can't really comment much on that, I'm having severe existential crisis because hating mainstream is nowadays too mainstream, and I can't deal with myself any more having problems like this.

There has been a lot of discussion on the topic that I think you need to catch up on.  Do a couple searches on the forum.  

see sig.
maybe not all, but indirectly through premiumize.me you get something between 10-20 including all the most popular ones. i got a 180-day subcription there bought for 20€ in bitcoins (5btc at the time) and even though i dont download that much its really terribly convenient to have access to pretty much everything you might come across without even having to login. filehoster access with btc is pretty much a solved problem imho.

anyways, having him on board would still be good news, even if its just for the publicity at first.

This.

Also those worried about Bitcoin growing too fast ... don't.  Growth which is "too fast" can't happen in a free market.  It can only happen where artificial subsidies (i.e govt, Federal Reserve, natural monopolies) prevent the free market from functioning properly to curb growth.

If bitcoin popularity outpaces the technical development (solutions for blockchain size, processing cost, wallet ease of use) then that technical deficiency will act as a constraint to slow further growth.  It also creates a huge financial incentive to build better solutions. 

So if someone repeats FUD long enough it will magically turn true?
The blockchain size is only a hypothetical issue.
Even my cellphone could handle a full client for the next few years.

Back to subject, I hope the Kim realizes that when he had done MegaUpload using Bitcoins, the FBI would had a hard time freezing those.

already wrote him a mail about that...
and the nice pseudonymity features...which makes it impossible to be sure to seize ALL funds

Thanks! I'll check it out.

Now that I think of it, I'm actually kind of surprised that someone like KimDotcom hasn't already heard of bitcoin.  You'd think that someone in his position would have come across it long ago. 

Maybe he has heard of it, but from his short tweet it sure doesn't.

Mafia enterprises doesnt allways know about the latest technologies, if they make money they rarely look beyond the imminent problems until its too late. Just a bit of history, Capone got away with alot but eventually fell from "grace" due to not thinking properly about his accounting affairs. ;)

Good point  ;D

BTCUMP!

OR, he is already invested heavily and ready to help run the price up for a pump and dump.

Pirate = or /= to Kim Dotcom?

Hmmmmm.........

 ;)

Well, go to Las Vegas for the convention and see if Pirate is a hugely fat German guy.  My bet is that he dresses like Jack Sparrow.

I haven't found much on TOR, but I2P is great for filesharing. TOR's best for anonymous browsing of the public web.

Kim loves playing online games and we all know Pirates dont know about this technology stuff. ;)

Until bitcoin gets very big the problem is cashing it out to fiat. Thats the point of failure and as such the government can just seize it there, or tax it or whatever.

Small time, it's easy to use for whatever.

To depend on it for sizeable income or for a large business would kill you.

Don't know how much protection they need, but with TOR they could operate like SR... although likely only for torrents..

Perhaps just saving funds as BTC and switching servers now and then would be enough.

We emailed and tweeted him.

It would be great for Bitcoin if MegaBox started accepting it.

To bad the guys from Grooveshark didn't want to accept Bitcoin (https://bitcointalk.org/index.php?topic=74979.msg994191#msg994191).
Now lets hope Megabox will.

HAHA!

+5 +3 +3 ++ +9 +3 +3 +5
+1 +1 +1 +1 +1 +1 +1 +1
.                                .
     .                       .
         .        +1    .
              .       .
+1 +1 +1 +1      +1 +1 +1
+5 +3 +3 +9 ++ +3 +3 +5

I got depressed till I read the follow-up post.

~Bruno~

I'd wait for ASICs to level out the hash-rate thus price before going mainstream.

The number of transactions is not a problem here.

from @KimDotcom
Megabox is coming within the next 4-6 months. We are making good progress. This innovation is going to make a lot of people happy!
from @coinlab to @KimDotcom
We can make a custom-branded MegaBox bitcoin-mining client. Your customers can earn songs with their idle computers. Emailed you

Something very interesting is about to happen  ;D

Ugh, that's such a terrible model. Already CPUs and random GPUs can't make much, and it sets people up to think Bitcoin is a thing that slows down your computer and doesn't actually get you anything valuable inside of a decade.

Yeh wtf, get them to ACCEPT bitcoins as purchasing power.

What the hell is up with mining for songs. lol

Make bitcoin the next real player! What could possibly go wrong?!  :P

I can see lots of ways that this idea could go wrong and few that can go right.

Is that right? Using marginal amounts of power per machine, a HUGE pool of GPUs+CPUs wouldn't have any effect?

It baffles me how they managed to score $500,000 in seed funding.

Not for the single persons in that pool...

Imagine 10000 users mine enough to buy ~5 songs every day - would you want to be number 10001? ::)

i am also sceptical the coinlabs model will work in the light of modern FPGAs, and possibly soon ASICS.
maybe it was a good idea 6 Months ago, but the coming massive diffculty increase with reward halving makes it look like a weak model.
unless you count people overpaying by 15x with their electricity for music/games.

i wasn't imagining the coin being for those persons, but mined to support the development of the software.

If every Wii sold had a 3.5Gh/s mining ASIC inside it that drew negligible amounts of power, the resulting network security would be absolutely immense. If Megabox could pull off something like this, it would be epic.

Interesting.

They'd make a lot more web-mining for LTC as most people will be mining off there CPU.

Or they could mine for something actually useful, supported, and relevant like BTC.

If a megabox contained an ASIC chip that could get interesting....

Nobody needs to depend on it, and this is an important point. To add Bitcoin support doesn't mean to remove other payment methods. If a company accepted BTC, then BTC got impeded in some way, then the company is no worse off than before it accepted BTC.

Thread jacking: Why are paypal trying to kill themselves with dropping so many sites?

They must be aware of BTC, yet they push users towards it.

They are being "persuaded" by MPAA/RIAA probably.

Why do you anticipate a difficulty increase with reward halving in december ? Unless the BTC price doubles, I would anticipate the opposite, miners dropping out.
Only FPGAs and ASICS will cause a (gradual) difficulty increase but we may not see it until mid 2013.
Right now, difficulty is below were it was a year ago.

+1

Paypal is most definitely in bed with the MPAA/RIAA. In addition, at heart they are just another ridiculous US-based financial institution that is far far more concerned with regulations and bureaucracy than they are with satisfying their customers.

Great article on Forbes
Kim Dotcom's Pretrial Legal Funds Would Be Safe With Bitcoin
https://bitcointalk.org/index.php?topic=92934.0 (https://bitcointalk.org/index.php?topic=92934.0)

Kim Dotcom needs ISP with big farm for his services, so the first thing that you have to do is convince an ISP that accept Bitcoin as payment.
After that Kim Dotcom will be really happy to accept Bitcoin as payment system. Convincing Kim Dotcom is the last step.

From@KimDotcom  ;D
BREAKING NEWS: 30 sec of the Mr President song (iPhone recording). The Anthem of Internet Freedom - Coming soon.
http://soundcloud.com/kimdotcom/mr-president-sneak-peek (http://soundcloud.com/kimdotcom/mr-president-sneak-peek)

to solve this problem he just really needs to create a great distributed, p2p platform.

Maybe the MPAA and RIAA are really on our side and are trying to help Bitcoin, because they have money with Pirate and want the price to skyrocket.

Except the price skyrocketing is bad for pirate if I remember his posts correctly.

From@KimDotcom  ;D
30 seconds of Mr President video - sneak peek. Retweet :)
http://twitter.com/KimDotcom/status/223806286947549184

I believe he will be definitely on the bitcoin side

FTFY

I think this article should be here
http://torrentfreak.com/paypal-bans-major-file-hosting-services-over-piracy-concerns-120710/ (http://torrentfreak.com/paypal-bans-major-file-hosting-services-over-piracy-concerns-120710/)

This sort of reminds me of the guy who said that the worldwide demand for computers would be four or five, and they guy who decided that 4x10^6 IPv4 addresses should be plenty.  The chief difference is that the guys who made these two mistakes give every indication of having been clever people who understood the technology and the market space.

But thanks for reminding me that I would prefer that I would like my store of wealth to be more reliable than my cell phone service so my speculative bet is in Bitcoin and my nest egg is something else.

And I suspect that Mr Dotcom will have as little trouble as almost anyone at assessing the pros, cons, possible risks, and likely rewards of adopting Bitcoin.  But it won't hurt to bless him with your wisdom I suppose.  Maybe he'll caught up a consultant's fee out of thankfulness...but don't hold your breath.

There are enough. More than enough, even with rich companies hogging entire address ranges with their class A networks. It's called NAT.

So anyway, I've read through this and the articles online and it seems he is completely ignoring the bitcoin suggestions and everyone is ignoring that he is ignoring them. I don't use twitter though. Thoughts on this?

No one has invited him by twitter to join this thread?

Could be interesting

he's probably butthurt about bitcoin because one million people asked him 'hey why didn't you use bitcoin?? you would still have all your money!'

I just figured he was the average twitter user: just scream endless into the void and hope someone cares....without actually caring what others on twitter say :D

How can he be ignoring those suggestons if he is retweeting them? ???
Have you seen him retweet any other payment provider suggestion besides Bitcoin?
He also retweeted Matonis article on Forbes. https://twitter.com/ForbesTech/status/223409880755740672

When it comes down to it bitcoin is the only choice that he can use that a government somewhere cant seize so it should be really attractive to him. If he supports it I will be so buying a megabox.

I was trying to make more of a joke commenting on my opinion of twitter than anything  ;D

But if he is actually seeming interested, all the better.

My reply was more to the poster you were replying to than to you, sorry about the confusion.
Edited my post for clarity.

I thought that was forbes, some business news site, not him. Are you saying he owns forbes? I don't see the part from your link where it is him retweeting it.

As I said, I don't use twitter so I haven't seen any tweets. But I have seen the forbes article that was tweeted there.

My basis for what I am saying comes mainly from this thread, where I have seen no one say anything like:

"he's tweeted his interest in bitcoin"
"he's tweeted that bitcoin could be an option and has asked for more suggestions"
"he's decided to use bitcoin"

stuff like that.

NAT is the answer to limited IPv4 addresses in a similar way to buses being an answer to not enough automobiles.  Buses work fairly well, reduce the pain of lack of transportation, and have some advantageous side effects, but at the end of the day there are some significant annoyances, complications, and lack of flexibility.  In network-land these are particularly noticeable today's (hopefully more) p2p-centric environments.  Ah well...after several decades IPv6 seems to be gaining some traction.

Press the link that says "27 Retweets" and you'll see him listed there. It's also on his Twitter timeline.
You wanted him to take a picture of him jumping and saying "yupiee, bitcoin"?

If he decides to use Bitcoin he better keep it for himself. You'll know when he launches his site.
If he really thinks Bitcoin is an option I'm sure Twitter won't be the place where he'll do his reasearch.

Resuming, you're just talking out of your ass.

No need to insult me. I'm not talking out of my ass. I am talking as someone who doesn't use twitter. I sincerely apologize if I have offended or annoyed you or somehow seemed argumentative. My only intention was to convey my own understanding and ask for clarification. Can we please be civilized here?

Anyway, I don't see a link that says "27 retweets" (even ctrl+f on the page). I assume it's because I don't have a twitter account so probably getting a different kind of page. It's good news he's retweeting then :)


I'd love a debate :) but probably don't want to change the topic of this forum. If you want to continue, feel free to pm me. Metaphors are unnecessary (as I am a network engineering student) and I usually find them confusing and distracting. Not to mention the holes in your metaphor.

I'm not a network engineer, but I play one at work.  Most people can figure out how to skim the stuff which doesn't interest them.  Go.

thats new to me... can i play one?

The above comments confuse me. Did I miss something? Anyway, you obviously know a lot from work and I'd probably learn something from a debate with you.

http://blog.zorinaq.com/?e=48

From@KimDotcom  ;D
Hi @BarackObama, here is a song for you #MrPresident. Regards, The Internet.
http://www.youtube.com/watch?v=MokNvbiRqCM&feature=player_embedded (http://www.youtube.com/watch?v=MokNvbiRqCM&feature=player_embedded)
http://kim.com/ (http://kim.com/)

wow he wants to save the world.  :o

and no mention of bitcoin still  >:(

I must say I hate the song. The lyrics are weak, the music is lame, the FX are just plain annoying, and it's just generally terrible. But if that's what it takes....  I won't stand in the way.

he is active on Facebook ,let's be his friend and teach him about BTC  ;D
https://www.facebook.com/MegaKimDotcom

I think that's a fake profile... ::)

info is from his twitter status,but who knows !!!
http://twitter.com/KimDotcom/status/231072514598662144 (http://twitter.com/KimDotcom/status/231072514598662144)

Then it's probably real :P
Looks so empty, besides wall comments from people who friended him lol

KimDotcom looking Developers
http://twitter.com/KimDotcom (http://twitter.com/KimDotcom)

Excluding those that live/work/host in the USA...

https://torrentfreak.com/new-megaupload-will-be-massive-global-network-to-change-the-world-120828/

Go Kim, go!

His Facebook account:

I wonder how many e-mails he has received in the past month, hah.

Probably over 9000

funny connection from bitcoin to Kim:

https://twitter.com/KimDotcom/following

Kim follows two people, one is TPOTUSOA and the other is Max Keiser..

yah it seems he will be on Keiser's show

He likes encryption  ;D
http://www.wired.com/threatlevel/2012/10/megaupload-mega/ (http://www.wired.com/threatlevel/2012/10/megaupload-mega/)

What? When?