Megaupload + Bitcoins

[LoyceV]

it will most probably be all peer 2 peer exchange for example person A has something you want and asks for a fee to give it to you so person B pays the fee with bitcoin and receives a unique download link.

Like torrents? They exist already, and are free to use. For years I've been waiting for completely encrypted and completely anonymous torrents. If he can offer downloads in such a way that even the uploader doesn't know who is downloading, and nobody can proof anything illegal is being downloaded, he can create a very popular service.
Even The Pirate Bay and Kick Ass Torrent are taking heavy hits nowadays. An unstoppable anonymous platform for file sharing, combined with anonymous payments, is like the holy grail of downloading.
I haven't used much of Kim Dotcom's services (I may have clicked a link once in a while), but I admire his dedication.

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[mindrust]

It will make a positive impact on bitcoin i think. It means more business spaces for bitcoin which will result in more volume. Also, megaupload is a huge brand: Just calling megaupload along with bitcoin creates hype.

[randy8777]

It will make a positive impact on bitcoin i think. It means more business spaces for bitcoin which will result in more volume. Also, megaupload is a huge brand: Just calling megaupload along with bitcoin creates hype.

the project itself is a great addition for sure. i however prefer to stay a bit more realistic. we have seen more projects that had quite a bit potential ending up being left aside as there is either no interest, or they haven't done anything to market their site/service.

[eternalgloom]

I see a lot of people saying in this thread that people will just blindly trust Kim after the whole Megaupload thing.
But would they really? People did lose their files and I remember reading quite a few stories back then of people who basically lost a lot of important files etc.

[HaXX0R1337]

"Megaupload 2.0 Will Link File Transfers to Bitcoin Transactions"

Would this really come out like how he want's it to? So.. I think pretty much files would need btc payments i think.

Additional info: https://torrentfreak.com/megaupload-2-0-will-link-file-transfers-bitcoin-transactions-160805/

I still wonder how Kim Dotcom is going to do that.
Im sure that will be an interesting thing watching that, i hope that btc price will rise up thanks to him

[dandroid]

It will be something interesting to watch. The 2017 year will different from any other for Bitcoin, other cryptocurrencies and blockchain applications that are about to come.

[LoyceV]

I remember reading quite a few stories back then of people who basically lost a lot of important files etc.

If your store your only copy of files on a free online service, the files can't be important at all. If that makes you lose trust in a person it's only justified, as your level of trust was far too high.

[BathSaltsDealer]

What are we talking about? Isn't Kim broke now? Kim Dotcom loses appeal to keep millions?

[X-ray]

What are we talking about? Isn't Kim broke now? Kim Dotcom loses appeal to keep millions?

he's sure broke but he's now trying to gather money as you can see he's planning to make megaupload 2.0,his previous income which make him rich was from megaupload that now has been raided and been seized because he just breaking the copyright rules
such a good idea but also could break the copyright rules for the second time

[Doamader]

Megaupload where the biggest platafform to share content, i doubt his community will left him, and i doubt people wont rejoin again to restart making easy money from it, bitcoin should be the currencie, soo no countrie can trace the coins from him, i believe the new project can impact at bitcoin bringing fresh money and making the price raise a lot.

[beamforming2]

Someone people have doubts about his solutions at the moment (I have some doubts myself as well) but I trust the guy so let's just wait and see.

What solutions are you talking about ? He is not solving shit.From what I know,he will solve bitcoin scaling problem by inventing a system called Bitcache.Yes,the file uploads will be charged with micro payments which according to him enforce the use of bitcoins and thereby sky rocket the bitcoin prices.Apparently,they would go up 2k+ after the launch of Bitcache.

Only thing I'm afraid of here is Bitcoin gaining a bad reputation from this whole deal , If Megaupload 2.0 will be successfull like Megaupload 1.0 used to be and then goes down... then a lot of people will point to Bitcoin (mostly the Media)

He is supporting the operation by solving the scalability issues as he puts it!Don't think its bad for bitcoin in any possible way that I'm aware of.You can have a look his tweet,its quite hypothical.

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

If Kim success, bitcoin will really reach 2K+?

[Sithara007]

What are we talking about? Isn't Kim broke now? Kim Dotcom loses appeal to keep millions?

he's sure broke but he's now trying to gather money as you can see he's planning to make megaupload 2.0,his previous income which make him rich was from megaupload that now has been raided and been seized because he just breaking the copyright rules such a good idea but also could break the copyright rules for the second time

If he is caught for the second time, then he will end up just like Ross Ullbricht, and will never come out of prison alive. He was just lucky during the first time. The Hollywood mafia is very powerful, and they will make sure that this guy is gone for good.

[calkob]

it sounds like it is really gona set bitcoin alight, but only time will tell, kim is great at hype and i hope it can live up to that. 

[Carlton Banks]

But in the end he's just a fat ass who once had an idea to rip people off their money

Whose money did he steal? I never heard about that story. He was (allegedly) involved in an insider trading scam, but I've never heard about him just straight taking money from people.

[eternalgloom]

But in the end he's just a fat ass who once had an idea to rip people off their money

Whose money did he steal? I never heard about that story. He was (allegedly) involved in an insider trading scam, but I've never heard about him just straight taking money from people.

On his Wikipedia page it says that he has been convicted for fraud and embezzlement, isn't that kinda similar to just straight up taking away money from someone?

[BTCLovingDude]

i think what kim dotcom has said so far is mostly hype. but also i think this can be a good thing and will be so popular in the beginning at least.

and i don't get one part of it, people on megaupload and file sharing kind of systems are sharing files for free, so as long as there is Torrents and free things like that, i don't know how you can ask for payment for your files.
unless this is some sort of sharing the revenue of megaupload like it was before.

[tigerclub]

If he can develop this thing, no doubt this will change the world, bitcoin will be widely spread. More and more people use btc, and btc has a big jump to 2000 usd.

[Doamader]

He has a big reputation and his portfolio were amazing, when he got jail all people were able to see what he had collected with the megaupload project, now i believe the new project will make a huge pression to bitcoin, i doubt old costumers wont rejoin to return the income they had sharing content.

[var53]

What are we talking about? Isn't Kim broke now? Kim Dotcom loses appeal to keep millions?

he's sure broke but he's now trying to gather money as you can see he's planning to make megaupload 2.0,his previous income which make him rich was from megaupload that now has been raided and been seized because he just breaking the copyright rules
such a good idea but also could break the copyright rules for the second time

Didn't he transfer ownership of his latest mega businesses to his wife? I thought he was declared bankrupt a year ago and used his wife as a front to earn money through. If this new business earns thousands of Bitcoins they will probably officially be owned by his wife, and if anything goes wrong she will probably be held responsible.

[Carlton Banks]

But in the end he's just a fat ass who once had an idea to rip people off their money

Whose money did he steal? I never heard about that story. He was (allegedly) involved in an insider trading scam, but I've never heard about him just straight taking money from people.

On his Wikipedia page it says that he has been convicted for fraud and embezzlement, isn't that kinda similar to just straight up taking away money from someone?

Ah, I thought that the insider trading was unprosecuted, i.e. allegation only. Didn't realise he was tried and convicted.