Bitcoin Forum

So ,
Seems like Paypal and MasterCard has stopped doing business with MEGA (File uploading & sharing provider)

Kim Dotcom tweeted : "I like to thank @Paypal for backing #Mega for such a long time. The pressure from Hollywood and the US Government was simply too much."
So he decided to switch from those payment methods to Bitcoin and give a boost .
http://i.epvpimg.com/a1OAg.png


I personally think that it's a great oppurtunity for Bitcoin , what do you guys think ? ;D

This is great news. I bet Kim has some epic stuff planned for BTC. Very bullish sign IMO.

Kim DotCom is a disgusting bloated fat pig.  He peddles in illegal stolen wares.  He profits from the illicit use of other people's creations.  Most around here don't like copyright, but it remains legitimate law.  Nerds love 'free' movies, but it is killing the people who produce movies just like the music industry.

Do we really need to have bitcoin involved in more criminal uses?  Do we really want to associate bitcoin as this go to tool for assholes who want to steal?  

Bitcoin will be great as soon as we get rid of the anarchy assholes think its primary use is to traverse the law.


Kim Schmitz is merely a dirty filthbag.  I don't accept him as an ambassador for Bitcoin.

http://www.wired.com/images_blogs/threatlevel/2013/09/167514589.jpg

Woow, this is a real fantastic news and also a great advertising for bitcoin. Maybe we should ask him to join this forum, what do you think ?

Yeah why not , It would be a very great idea if he read the tweets of course otherwise we won't be able to have a contact with him

~ Madness

I've already replied to his tweet : https://twitter.com/Pangu_exe/status/571326812690763776 

The music industry must reinvent itself if it does not want to disappear. Sell DVD and Blue Ray is idiocy.
See the example of Iron Maiden who think that the "most pirated is better" and focuses on profit from shows.

Alright cool , let us know what he says please . He would be a great add to our community I guess .

~ Madness

Is this the reason we have been seeing the price rise today :P
I see no other news having come out today ,except for this.

i got a lot of respect for this guy, haven't paid to see a movie in 10 years thanks to pioneers like him

Amazing. Wherever Kim is supporting, that means lots of money. This guy is a great entrepreneur, even tho I don't like his idea of a decentralized internet when maid can do it better.

Doesn't sound right to me...People will start to associate bitcoin with underground activities or that's the way how I look at it. So does that in any way connected to which can explain the recent bitcoin price going up?

Well thats for only Megaupload. But they have a lot of future plans. His previous tweets were about a blockchain based internet and couple of other things.
Check his tweets from the past.

People (mostly average joes) already associate Bitcoin with underground and or illegal activities.

I think there is a certain need for the service that Kim offers.

I would want to see him get his service to a point that everything is decentralized.

lol  Bragging about stealing on a public forum.  

It is only because it is difficult to prosecute that you and others somehow think it is 'OK'.

Sure it is! 

Let's face it: it is a movie distribution system where Kim keeps that money you pay and the creators of the movies get nothing.

Are you sure that he don't care about Copyrights and stuff ? Maybe in Megaupload but on MEGA he does and do care about privacy also that's why it's fully encrypted and NSA can't spy .
For Copyrights violation .. last time someone uploaded "The Interview" the movie of sony leaked to MEGA . few hours ago it got deleted how do you explain that . (Yes deleted by MEGA)

~ Madness

Let lawyers at courts work out what is legal and what is not, but in meantime blocking payments is pretty stupid. Luckily Bitcoin is open to everyone, unlike all other centralized paying systems.

may be yes . now is wait to see how this will be in the next few weeks.

Lol , I don't think they implented it already
Unless he have 24/7 Programmers working on MEGA . Or he is a programmer himself ?

~ Madness

I was just checking on how to upgrade plans membership and seen this , not sure if it was available or they started integrating Bitcoin the the last hours :

http://i.epvpimg.com/6E0Rf.png

~ Madness

That is really cool.! :D

Go Mega! Dont listen to the sheep mentality people!

That's the whole point of bitcoin. It's cash for the internet and ANYONE can use it for ANYTHING just like cash. If I want to sell something legal I can. If I want to sell something illegal I can. If I want to sell a jar of fairy farts I can. All you need is a buyer and seller and that's it. No middle man, no mediator to say what is ok and what is not.

I don't think  we need his endorsement.  He is a criminal but he seems to be behaving better these days.

Awesome news! so now we know , why it's going up since last night

its difficult to prosecute because it isn't theft, no court in the land would classify watching streaming video in such a way

You are referring to copyright infringement which isn't the same thing as theft. Ideas and concepts cannot be stolen, and you fail to understand the principles of common carrier laws within common law or the philosophical and ethical nuances of IP. Whether or not copyright infringement should be respected and under what terms is a valid argument argument to be discussed, yet you are clearly ill prepared to even broach the subject matter.

Do some research and educate yourself before spouting off like a brainwashed puppet.

That kind of propaganda doesn't work any more.

Nobody believes it (if they ever did), and it does the opposite of "winning hearts and minds".

The next generation of developers is going to grow up seeing legal denouncement of their projects as professional validation, and having their software banned a rite of passage.

The stigma of bitcoin harboring nefarious characters is false... maybe these government officials should start looking at their own bank accounts for hidden personal gains at the demise of the masses first.
Fiat related crime trumps bitcoin crime by about 10 million to 1... lets start with this premise.

A mega-boost for Bitcoin?
All the good news is finally affecting the markets in a positive way.  :)

Anyone that have seen the doc about Kim dot com on vice?
It is really good!!!

Music industry was devastated by file sharing thieves.  Just because they are giving out Grammys doesn't mean the music is any good.  Obviously you were around when the Kinks, Stones were awesome.  

Kim Dot Com is  world class scum.  No wonder he lives in exile and is getting his access to payment networks shut down.  

Bitcoin needs advocates who have more to offer than clever ways to steal.

yes.  what's legal here may be illegal elsewhere.  understanding that not everyone has the same opinion on "law" is the first step.  the second step is to understand that bitcoin is non exclusive and whether you're a "patriot" or a "terrorist" it is open to you without discrimination.

You think you will be able to clean up the bitcoin ecosystem… sorry but if bitcoin fulfills its intended purpose, these decentralized types are going to pave the way…

Let jump over to Uber, what if bitcoin creates a decentralized taxi service that doesnt have the demand of shareholders to produce revenue, and now you pay directly to the driver, all business is sort of between the rider and the driver… Are you going to be sitting here arguing in favor regulated taxis even though Uber itself undid that, and bitcoin can take it a step further and undo Uber….

Sorry but I think you are putting to much emphasis on continuing to live how the world used to live and the garuntees and protection that came with it…

Quit defending the past.. We are moving into a new era. Interestingly, even the most progressive or radical of ideas of things that become possible with bitcoin we find ourselves moved and somewhat uncomfortable about what bitcoin can do to the face of this planet…

However, I believe this is the correct move forward, perhaps my access to information is limited, reducing the accuracy or confidence of my claim here, but this is the future whether you like it or not...

I can assure you that if you had just spent $50 million of your money making a film and someone else was "streaming" it for free, you would class it as theft from yourself.

^ lol..you r supposed to pay for the entertainment..Its like stealing food from a restaurant.. Its illegal otherwise..! I know there r loads of movies that dont deserve the money they r getting..but there r a lot of them in the opposite situation as well...n we should help them out.!

Oh noes, another short-sighted brainwashed prick.

sheeple.

Thanks for your attention. I tried to mark pro-copyright brainwashed pricks here. In future, please don't discuss anything with them, just mark them and let them rot alone.

I am not pro-copyright, but I'm certainly pro-respect-the-authors-license for their works.
The author/artist of digital work is certainly free to choose wherever license they feel needs to be attached to their work.
I feel we should respect a license be it proprietary or open source.

Yea ofcourse its always a good thing when some celebrity/well known person mentions Bitcoin. It get a lot more visibility.

BIG NEWS! So the mega is going to accept the Bitcoin!?

 >:(

WTF..    You guys seriously blame a service provider for exclusively supporting copyright material ?   How ignorant can you be ?

Here's a thought, did LAVABIT (https://en.wikipedia.org/wiki/Lavabit) exclusively supported crime or terrorism ?


These are merely service providers that are also providing you the privacy you want/need. Without those kind of services you won't be able to have a private conversation anywhere, ever.

Where is the right for privacy ?  I guess you have none, in this world.  ::)

Looks like this has turned into a copyright discussion. Just my opinion, no matter what, let's give credit when it's due okay and that means paying to the rightful owner for the work done. If someone did the same to you someday and stole your work without paying, I'm sure you will feel bad as well.

I like the way you respond to a joke!

If I say 'Knock knock' , you say 'Kim dot com is a fat pig stealing money from the people that sacrifice their souls in to creating artistic works of arts for the people only to watch them burn and suffer!'

Come to my party!

It did indeed I guess ~257$ Right now .

http://i.epvpimg.com/RY74e.png

Is this the reason bitcoin rise more than $10 in a days?

I doubt that. But of course Kim Schmitz would like to be the reason for it. He is extremely self-centered and thinks he is the greatest.
Check out his past life and you will know what I mean.

With all the money hes got he can get Bitcoin to 300 easily..

It is good thing for Bitcoin. If there are anything against the law let police solve it but that has nothing to do with Bitcoin. Bitcoin if free to use for everyone.

Just wondering why he needs to convert all his stash when what he needs is basically to be able to receive payment in bitcoin. The large buy order could come from someone else who might have interpret that as a positive news event and thus put on a large buy.

The rise of the last two Bitcoin's bubbles has exclusively speculative reasons underneath, so Kim would fit perfectly into this scenario, where we are looking to fuel the third one.

I think your comment about "it remains legitimate law" indicates way too much respect for the legal system. There are many examples of clearly immoral laws, (e.g. Fugitive Slave Law) and I'm sure you could come up with your own list of them. Also there are lots of example where copyright laws have been used to stifle creativity rather than encourage it. Kim Dotcom provides one more use-case for bitcoin. If you don't want to use his service, don't.
 

Kim Dotcom is a much larger asset to the human race than the puppets who try to strong-arm him with their Wall Street-dictated laws/agendas. They would trade places with him if they had the genetics/confidence for it.

Kim just needs to accept btc asap. More action less talk.


Exacrtly. They said that about cassette copying: 'Home taping is killing music'. File sharing is here to stay and the industry just needs to learn to adapt like any other. Advancements in technology makes jobs obsolete so people and industries need to evolve along with it. That being said the music industry is doing fine; they just don't make as much money as they used to so the bosses can only afford 1 private jet as opposed to owning a fleet of them and their bands and artists can now only afford one mansion instead of 5  ;D.

Shitty movies are killing the movie industry, not filesharing, it's something that the entertainment business doesn't like to admit so they find a scapegoat.

I don't think it's down to shitty movies as there's a lot of great films coming out, but the prices are ridiculous. They should be getting cheaper not more expensive. The prices seem to have doubles over the past 7 years or so and to go see a film in imax or 3D is ridiculous. If the cinema industry wants to survive they need to lower the prices though I think streaming high quality films though better TVs will be the future.

He's certainly an opportunist but he is very clever marketing guy and knows how to make millions. If he brings millions to Bitcoin then so be it.

Well, he's our leader now so might as well accept it.

Some people are saying he is broke on this thread .
and when we say a Millionare is broke , what do we mean exactly by that ? curious :o

~ Madness

Just saw his recent tweet
"My #Bitcoin tweets yesterday might have caused a rise in Bitcoin market cap of USD 3.7 billion. Oops :-)"

and a great article to follow up on it : http://www.ibtimes.co.uk/cryptocurrency-round-kim-dotcom-gives-bitcoin-boost-boe-researches-digital-currency-1489823

They can only make shitty movies because they have far less to pay movie makers due to the fact that nobody pays for movies any longer.  Same thing happened to the music industry.  Music production is shit now.  It used to be fantastic because it made a ton of money.

"I don't care how dirty the money is, bring it to Bitcoin!".  Great idea numbnuts.  Bitcoin needs additional legitimacy not more fucking criminals.  

In his actual  financial situation I highly doubt that!!
The pump started hours before his announcement by the way!

No it didn't, the buy order happened exactly at the time of his post.

yes let him pump it to $300 and we can all finally dump it on him.

Without making a stance as to the legality of Mega and Kim DotCom:

- This case clearly illustrates the need for bitcoin.

The very fact that a 3rd party can block your business for the fact that they don't like you, or the fact that they're pressured by some govt. thugs is wrong.

It is VERY wrong that payments could be stopped this abruptly, as it can be quite devastating for the company in question.

It goes to show that if you do anything that the powers that be don't like, they will shut down your revenue stream, and they might also confiscate your bank accounts.

That is wrong on so many levels.

VISA and Paypal are only concerned with covering their own back, so no matter how much Mega made for them, they will happily show him the door if required for business reasons. Otherwise, they're putting their own head under the axe, and they're not interested in that, as we've clearly seen also in the past. They're only concerned with profit, not ethics.

However, this will bring trouble to Mega. No matter how we twist and turn it, most folks are not yet "bitcoin enabled". Forcing everyone to use bitcoin for Mega, might drive up usage of bitcoin and be a postive thing short term for bitcoin, however it's also likely that many customers will leave and go to other services were they still can use Paypal and VISA. Mega would need to implement bitcoin payments inhouse, as any payment processor that does bitcoin payments would immediately be under pressure if they went into a collaboration. Coinlab and Circle would also be on their toes, monitoring transactions to check whether customers use Mega and other "questionable" services. They would do this to protect their own back from the state thugs.

The only long term solution is to leave the fiat system entirely. Then there will be no need to be a customer of a draconical company that checks your every move. Did anyone ever have a bank employee walking after them checking what they use the cash for after withdrawing it from the ATM? How ridiculous would that not be?

Considering Mega does adopt bitcoin and customers stay on the ship, we would see a substantional increase in bitcoin transactions. If Mega wants to stay in business, crypto might be their only resort.

As the corporate and govt. thugs realize that they're starting to lose their power to control others by cutting their life lines, humans on this planet will be more liberated.

http://en.wikipedia.org/wiki/Home_Taping_Is_Killing_Music

http://i1.kym-cdn.com/photos/images/original/000/508/500/5d2.jpg

Didn't you guys know these industries all died in the 80's?

 :) fuck yeah dead kennedys!

You keep telling yourself that ;) especially when the movie industry easily rakes in millions every time a blockbuster release comes out.

Do you mean store file on the blockchain? It will be very impossible to do this thing. Maybe they will start only to accept bitcoin "massively".

It's good that Bitcoin will be used to pay for MEGA, still did he use it before as well, or is he using it just now when other options are blocked for him.

I'm not sure if he's broke broke but might not have much liquid cash since I think the US seized his bank accounts and many assests. Not sure if he got them back or not but I still reckon he's doing alright financially.

How can the US seize his New Zealand bank account ?

i thought bitcoiners actually liked Kim, not sure why there is so much hate towards him for offering file sharing service.
no one can stop piracy. people will always look for free stuff.

If NZ and US have some kind of agreement on handing out criminals/permission to seize their stuff. That's how.

I have to agree with you. I'm not 100% familiar with the case but if he did not publicly support piracy, running a file sharing service should not have been illegal.

Great news, MEGA is one the biggest player in file hosting world
accepting bitcoin is wise move from them :)

You are ignoring the fact that Megaupload gave entertainment companies direct access to Megaupload's servers, allowing copyright owners to delete infringing content themselves. Megaupload also deleted content if you filed a DMCA complaint, so your arguments are completely baseless and your name-calling is also not appropriate.

Non-U.S. countries tend to follow the will of the banking cartel-controlled U.S. gov't. U.S. is the one with the advanced military.
It's great to be a U.S. American if you're an overlord. It's not set up for "normal" ppl though. Small countries are better for that.

i think almost all of file hosting service contains piracy stuff
too bad that megaupload seized by FBI years ago
even though many people hate him because he owned file sharing service, i think there are more people loved him because his service give them a chance to have piracy stuff :P

Do you have a solid source for this? I find it hard to believe they gave companies direct access though I'm sure they complied with DMCA notcies as would most file hosting sites.

I wish I had more money to spend on BTC ,Get the champagne ready!!

I've read it on an article about a year or two ago, but Kim Dotcom also created a whitepaper in which he states:

http://kim.com/whitepaper.pdf
Page 4, Last paragraph:

My previous post is incorrect though, they gave direct access to delete links, but not data. I presume this is the reason that they lost the court case, as the DMCA actually requires you do delete the data, not just block access to it.

although that is true it was a drop in the bucket and the same files on megauplad existed with multiple links to them.  dmca complaints only removed these links to the files NOT the actual files themselves.  mega upload core business model was megavideo and piracy.  there are many companies to this day that run the same model.


MEGAUPLOAD was about PIRACY.  MEGA.CO.NZ is about PRIVACY!

KimDotCom's advocacy of Bitcoin is likely to bump the price quite a bit.  he's a huge player with a solid service and massive userbase!

The degree to which Mega bumps the exchange rate of Bitcoin in the long term will depend on what fraction of his profits he retains as BTC.

After having all his assets seized and his merchant processing suspended I would expect him to start retaining a good percentage of his savings in bitcoin... but that may take a while because he says he is broke after transferring his remaining assets to family members :

http://arstechnica.com/tech-policy/2014/11/kim-dotcom-im-officially-broke-after-transferring-remaining-assets/

True, but he wouldn't be banking on the fact that his tweet will actually cause a pump in the price.