Megaupload + Bitcoins

[Wind_FURY]

I invested on their ico with bnktothefuture. I suspect its going to be big. VERY big.

I am skeptical. I think that it will be a disappointing presentation from him. Yes, I am excited and curious on their implementation of the Lightning Network but I do not want to put too much hype in it. Let us just say that I am not holding my breath so to speak.

What could really this be except Kimdotcom's version of LN? Is it really something the whole Bitcoin community will use right now? Open Bazaar was overhyped, look where it is now. Are we all using it to buy and sell goods in the internet? No the majority of Bitcoin holders still prefer to use their credit cards and buy at Amazon.

No. He really knows what he's doing. This is not like a new venture for him and I doubt this is something he rush rush put together. You make a good point about open bazar but this is different and I think bigger too.

Its all speculation now. Only thing to do is wait it out and see what happens.

Yes we will see. Nothing will convince some of us until we see this new project in action and how it is implemented. It would also be good not to overhype the project because we might end up tricking ourselves that this will be the ticket that will take Bitcoin to new ATH.

[1715105996]

1715105996

[1715105996]

1715105996

[Senor.Bla]

Im pretty sure this new version of megaupload will become a huge sucess, and i do expect this time no one loose money, be sure this will difuse bitcoin to those people which left or had considered bitcoin a dead currencie. With that said i do expect to be able to see a bigger value and more interest and support into bitcoin community.

Well i on the other hand expect the police to watch him very closely and just waiting for an opportunity to bust his fat ass. And when this happens people will lose a lot of money. Do you know which currency will suffer in price and reputation? Bitcoin!

[davis196]

"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/

Wow,pretty interesting image.Do you have more images like this one?

Anyway,i don`t think that this business model will work.

Megaupload users love freebies and won`t pay btc for files.

[azguard]

Im pretty sure this new version of megaupload will become a huge sucess, and i do expect this time no one loose money, be sure this will difuse bitcoin to those people which left or had considered bitcoin a dead currencie. With that said i do expect to be able to see a bigger value and more interest and support into bitcoin community.

I don't expect a Huge success because its not something that people will fall in love in the first time, It has been a while that it was announced about the concept but still no progress or any estimated time whrn it will be released?

This may be a gamble if I can say like that. True no info but maybe it will be boom when is released or it will be approached with caution and care. In any way dont think it will me momentary big it will take some time to adjust then community in general will see is it worth the time.

[RealBitcoin]

It will be shut down like the last one was, unless they setup a decentralized file storage like STORJ.

But even though the website can still be seized like the last one was, so what is the point of having a system if the website will be shut down after 10 minutes.

Copyright bullshit is getting even more violent recently, so what makes him think that he wont be shut down even faster than last time?

[talkbitcoin]

It will be shut down like the last one was, unless they setup a decentralized file storage like STORJ.

But even though the website can still be seized like the last one was, so what is the point of having a system if the website will be shut down after 10 minutes.

Copyright bullshit is getting even more violent recently, so what makes him think that he wont be shut down even faster than last time?

they can never kill filesharing, there will always be a non stop fight between DMCA(?) and and pirates around the world. and in the middle of all this fights Kim seems to be wanting to get his share of the market and earn some money to pay his lawyers fees to fight the court for the cases they have against him.

[OmegaStarScream]

I don't expect a Huge success because its not something that people will fall in love in the first time, It has been a while that it was announced about the concept but still no progress or any estimated time whrn it will be released?

Its probably going to be successful and in the first hours only , I mean they have over 150 million registered users worldwide and the fact that he kept the users database and he is going to leave it and give premium membership for those who already had it means he actually cares and Its not a matter of money only for him.
We probably don't have enough details about Bitcache and how Its going to work with bitcoin and micro payments but I'm sure he knows what he is doing.

[mmo4me.2016]

I still use mega, BTC, the price is too high, do not have money to invest
 

[Dudeperfect]

I still use mega, BTC, the price is too high, do not have money to invest
 

You don’t need to buy exact one bitcoin or multiples of it. You can pick systematic investment plan which suggests placing buy orders in smaller units. It brings the purchase cost at average level where you do get benefit of price volatility (some of units are purchased at high price and some of units are purchased at low price) and thus it renders average price for purchase.

[BitcoinHodler]

Im pretty sure this new version of megaupload will become a huge sucess, and i do expect this time no one loose money, be sure this will difuse bitcoin to those people which left or had considered bitcoin a dead currencie. With that said i do expect to be able to see a bigger value and more interest and support into bitcoin community.

I don't expect a Huge success because its not something that people will fall in love in the first time, It has been a while that it was announced about the concept but still no progress or any estimated time whrn it will be released?

This may be a gamble if I can say like that. True no info but maybe it will be boom when is released or it will be approached with caution and care. In any way dont think it will me momentary big it will take some time to adjust then community in general will see is it worth the time.

i don't see it becoming big at all. it may create lots of sound and become half as big megaupload was once. but in the end it is filesharing and you can not ask for money when you are sharing files specially if they are illegal pirated files that you are sharing such as a pirated movie that never works as long as there is free torrenting.

[Wind_FURY]

It will be shut down like the last one was, unless they setup a decentralized file storage like STORJ.

But even though the website can still be seized like the last one was, so what is the point of having a system if the website will be shut down after 10 minutes.

Copyright bullshit is getting even more violent recently, so what makes him think that he wont be shut down even faster than last time?

We do not how the project is implemented yet. It might be deployed using torrents or IPFS. As for Storj, why is there a need to issue a new token for what they are trying to do? The good thing about altcoins  is they are like experiments where Bitcoin can get ideas from. But thats about it.

[Doamader]

Files are being exchanged daily with the torrents, soo i dont see why megaupload will become again ilegal, there is stuff that has been lost in the past, and there is no place to find those data, besides some people which does have them. As in the past people will try and make the new megaupload a sucess, sure police has an eye into this since they have their position, what i expect now id Kim does pay for copyrights some kind of fee, soo he can keep legal with his project, otherwise might become the biggest nightmare of crypto currencie.

[Wind_FURY]

Files are being exchanged daily with the torrents, soo i dont see why megaupload will become again ilegal, there is stuff that has been lost in the past, and there is no place to find those data, besides some people which does have them. As in the past people will try and make the new megaupload a sucess, sure police has an eye into this since they have their position, what i expect now id Kim does pay for copyrights some kind of fee, soo he can keep legal with his project, otherwise might become the biggest nightmare of crypto currencie.

What are you saying? Are all the files being uploaded and downloaded thru torrents legal to you? The only thing that made it easy for the government to shut Mega Upload down is because it was a centralized service. Torrents is a different matter entirely because it is peer to peer/decentralized. I believe Kimdotcom's new idea is a decentralized file sharing network that utilizes Bitcoin.

[p_linz]

Files are being exchanged daily with the torrents, soo i dont see why megaupload will become again ilegal, there is stuff that has been lost in the past, and there is no place to find those data, besides some people which does have them. As in the past people will try and make the new megaupload a sucess, sure police has an eye into this since they have their position, what i expect now id Kim does pay for copyrights some kind of fee, soo he can keep legal with his project, otherwise might become the biggest nightmare of crypto currencie.

What are you saying? Are all the files being uploaded and downloaded thru torrents legal to you? The only thing that made it easy for the government to shut Mega Upload down is because it was a centralized service. Torrents is a different matter entirely because it is peer to peer/decentralized. I believe Kimdotcom's new idea is a decentralized file sharing network that utilizes Bitcoin.

is his bitchache or how his solution to the scaling problem is called decentralized?

[kumax]

i don't see it becoming big at all. it may create lots of sound and become half as big megaupload was once. but in the end it is filesharing and you can not ask for money when you are sharing files specially if they are illegal pirated files that you are sharing such as a pirated movie that never works as long as there is free torrenting.

Exactly! Why would anyone want to pay for illegal files when there are the same files on torrents?
The only advantage could be bigger download speed (for a small payment), but honestly, I don't usually have any problem with speed on torrents.
How putting money into trackable centralized megaupload service could beat a decentralized torrent base with a database of basically the same files.. ?

[Rinder]

i don't see it becoming big at all. it may create lots of sound and become half as big megaupload was once. but in the end it is filesharing and you can not ask for money when you are sharing files specially if they are illegal pirated files that you are sharing such as a pirated movie that never works as long as there is free torrenting.

Exactly! Why would anyone want to pay for illegal files when there are the same files on torrents?
The only advantage could be bigger download speed (for a small payment), but honestly, I don't usually have any problem with speed on torrents.
How putting money into trackable centralized megaupload service could beat a decentralized torrent base with a database of basically the same files.. ?

I dont get you two, in the past megaupload were one of the best source of income, if im not wrong they pay your for your content, considering the times your files has been dowloaded, and they pay you free rates xxx ammount and premium members were able to earn much more, sorry if im wrong but i werent a member of it.

Soo i do believe will pay for some kind of premium feature to earn from the downloads people will make, if you can dowload a file into 5 minutes why would you wait 5-14 hours because its free? Time its something that has value for the most, otherwise we would be slaves from work.

[Wind_FURY]

i don't see it becoming big at all. it may create lots of sound and become half as big megaupload was once. but in the end it is filesharing and you can not ask for money when you are sharing files specially if they are illegal pirated files that you are sharing such as a pirated movie that never works as long as there is free torrenting.

Exactly! Why would anyone want to pay for illegal files when there are the same files on torrents?
The only advantage could be bigger download speed (for a small payment), but honestly, I don't usually have any problem with speed on torrents.
How putting money into trackable centralized megaupload service could beat a decentralized torrent base with a database of basically the same files.. ?

Here is my question. How do uploaders, seeders and torrent sites make money out of what they do? Maybe Kimdotcom is attempting to bypass those and give everyone an open and direct opportunity to make some Bitcoins by pirating movies, music, software, etc. over the internet. If that gains enough users and a united, reliable community it could be another problematic app for the government.

[Senor.Bla]

i don't see it becoming big at all. it may create lots of sound and become half as big megaupload was once. but in the end it is filesharing and you can not ask for money when you are sharing files specially if they are illegal pirated files that you are sharing such as a pirated movie that never works as long as there is free torrenting.

Exactly! Why would anyone want to pay for illegal files when there are the same files on torrents?
The only advantage could be bigger download speed (for a small payment), but honestly, I don't usually have any problem with speed on torrents.
How putting money into trackable centralized megaupload service could beat a decentralized torrent base with a database of basically the same files.. ?

Here is my question. How do uploaders, seeders and torrent sites make money out of what they do? Maybe Kimdotcom is attempting to bypass those and give everyone an open and direct opportunity to make some Bitcoins by pirating movies, music, software, etc. over the internet. If that gains enough users and a united, reliable community it could be another problematic app for the government.

I think here is what he is aiming for. If you are an uploader, do you want to go somewhere where you are paid or not? So you go to Kim unless you can make somewhere more. If now everybody just uploads there, then this is where the content is and the downloaders are always where the content is. The amount they have to pay needs to be ridiculous small and you get the safety feature of encryption on top. That sounds ok, but Kim is an greedy and shady fucker that does not care about you, so i would not trust him. Promising stuff is easy. Delivering it is the hard part.

[azguard]

We will see what will be from this. Initial estimate was to btc after launch goes to over 2000$ dollar by Kimdotcom, for me personally dont think it can happen.
The claims for this price were that this product would conquer scaling problems of Bitcoin. Still 10 days from now we will witness something.

[BillyBobZorton]

I don't expect a Huge success because its not something that people will fall in love in the first time, It has been a while that it was announced about the concept but still no progress or any estimated time whrn it will be released?

Its probably going to be successful and in the first hours only , I mean they have over 150 million registered users worldwide and the fact that he kept the users database and he is going to leave it and give premium membership for those who already had it means he actually cares and Its not a matter of money only for him.
We probably don't have enough details about Bitcache and how Its going to work with bitcoin and micro payments but I'm sure he knows what he is doing.

Still waiting for the Kim Dotcom press release and official details on how this is going to work... wasn't he supposed to deliver somewhere in early January? Kim Dotcom has been pumping bitcoin hard lately with his tweets predicting $2000 this year mainly thanks to bitcache delivering worldwide adoption, im yet to see it to believe it.