Megaupload + Bitcoins

[mk4]

"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/

[pereira4]

I would stay cautious about this, because Kim Dotcom claims to have solved the scalability issue which is unrealistic and sounds scammy to me. But we will see. He has hyped this a ton and after hyping something so hard, he has to deliver to not damage his reputation, that is what makes me think it can be good.

[mk4]

I would stay cautious about this, because Kim Dotcom claims to have solved the scalability issue which is unrealistic and sounds scammy to me. But we will see. He has hyped this a ton and after hyping something so hard, he has to deliver to not damage his reputation, that is what makes me think it can be good.

Definitely hyped it alot. Hopefully not overhyped though. What path do you think this is going? Torrent uploaders uploading on mega instead and charging like half a dollar worth of bitcoins for a movie?

[panju1]

I would stay cautious about this, because Kim Dotcom claims to have solved the scalability issue which is unrealistic and sounds scammy to me. But we will see. He has hyped this a ton and after hyping something so hard, he has to deliver to not damage his reputation, that is what makes me think it can be good.

Definitely hyped it alot. Hopefully not overhyped though. What path do you think this is going? Torrent uploaders uploading on mega instead and charging like half a dollar worth of bitcoins for a movie?

Would people be willing to pay for something, when it is illegal?
The authorities will start combing bitcoin transactions from megaupload, if something like this does happen.

[MingLee]

I would stay cautious about this, because Kim Dotcom claims to have solved the scalability issue which is unrealistic and sounds scammy to me. But we will see. He has hyped this a ton and after hyping something so hard, he has to deliver to not damage his reputation, that is what makes me think it can be good.

Assuming he has some inkling of what he's going to be doing and the things he's going to do it's technically feasible, I don't think it will be over-hyped at all. While we do live in a hype culture, there is a relatively decent chance that he might actually follow through with what he's saying, because a relatively decent portion of his inventor/investor reputation might be on the line with this.

[OmegaStarScream]

Some 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.
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)

[Patatas]

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.

[mobnepal]

I trust Kim as well as many also trust him and he seem to be really careful about not making a bad reputation so i am sure he will launch his platform in early month next year. I am also quite excited to see how this new cloud storage platform gonna link bitcoin in between the process and how the scability issue of bitcoin transaction will be solved by bitcache.

[Senor.Bla]

somehow i do not get it how people believe and trust him and i always laugh when i read that he has a reputation to lose.
well i guess he has one reputation he can damage: bitcoin.

he is nor robin hood. inform yourself. please!

[pooya87]

I would stay cautious about this, because Kim Dotcom claims to have solved the scalability issue which is unrealistic and sounds scammy to me. But we will see. He has hyped this a ton and after hyping something so hard, he has to deliver to not damage his reputation, that is what makes me think it can be good.

he never claimed to solve the availability issue of bitcoin, you are interpreting it wrong. he said his new system which will be released in 2017 will use bitcache (he may mean this or not!) and anyways i have been searching about this project and i don't see how it can even be an on-chain thing

[asriloni]

somehow i do not get it how people believe and trust him and i always laugh when i read that he has a reputation to lose.
well i guess he has one reputation he can damage: bitcoin.

he is nor robin hood. inform yourself. please!

actually he got reputation from those who getting helped by his megaupload service and after getting raided by US,he got such an empathy from his users so it does make sense that he could losing reputation amongst his users,however so many people still trusting him,but his reputation actually doesn't matter that much for normal people who rarely use his service

[Senor.Bla]

somehow i do not get it how people believe and trust him and i always laugh when i read that he has a reputation to lose.
well i guess he has one reputation he can damage: bitcoin.

he is nor robin hood. inform yourself. please!

actually he got reputation from those who getting helped by his megaupload service and after getting raided by US,he got such an empathy from his users so it does make sense that he could losing reputation amongst his users,however so many people still trusting him,but his reputation actually doesn't matter that much for normal people who rarely use his service

see this is what i mean. i do doubt that you informed yourself about him and his past.
you have sympathy for him because he was raided by the FBI, but ignore the fact he was more then once convicted.
is this someone you really want to make business with? this is like Mt.Gox and Bitfinex opening a new online wallet. hot wallet only.   

[LoyceV]

I would stay cautious about this, because Kim Dotcom claims to have solved the scalability issue which is unrealistic

That's easy to solve, and it is exactly what any Bitcoin related website does: they manage the Bitcoins. Example: you some Bitcoins to an exchange (1 transaction), make hundreds of trades, and take out your Bitcoins (1 more transaction). Online casinos do the same.

The only way I can imagine Kim Dotcom will make a popular site, is this:
-You deposit Bitcoins (say 0.1 BTC)
-You get access to a huge database of encrypted movies in such a way that nobody can see what you download
-You pay a small amount for every download, using your balance on the site.

But I doubt authorities would let this slide, so I still think it's mainly a hype. If it wouldn't be just a hype, he would just say what it's about. If it's really good, he wouldn't need to create a hype.

Would people be willing to pay for something, when it is illegal?

People pay VPN-providers and newsgroup servers now for illegal downloads, so yes, people are willing to pay for it.

[Herbert2020]

I would stay cautious about this, because Kim Dotcom claims to have solved the scalability issue which is unrealistic

That's easy to solve, and it is exactly what any Bitcoin related website does: they manage the Bitcoins. Example: you some Bitcoins to an exchange (1 transaction), make hundreds of trades, and take out your Bitcoins (1 more transaction). Online casinos do the same.

The only way I can imagine Kim Dotcom will make a popular site, is this:
-You deposit Bitcoins (say 0.1 BTC)
-You get access to a huge database of encrypted movies in such a way that nobody can see what you download
-You pay a small amount for every download, using your balance on the site.

But I doubt authorities would let this slide, so I still think it's mainly a hype. If it wouldn't be just a hype, he would just say what it's about. If it's really good, he wouldn't need to create a hype.

Would people be willing to pay for something, when it is illegal?

People pay VPN-providers and newsgroup servers now for illegal downloads, so yes, people are willing to pay for it.

kim dotcom is still struggling with the authorities about the legal case against megaupload so it doesn't seem he cares about authorities that much!
and also i don't think there would be any deposit or anything like that, 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.

[ObscureBean]

I would stay cautious about this, because Kim Dotcom claims to have solved the scalability issue which is unrealistic and sounds scammy to me. But we will see. He has hyped this a ton and after hyping something so hard, he has to deliver to not damage his reputation, that is what makes me think it can be good.

Definitely hyped it alot. Hopefully not overhyped though. What path do you think this is going? Torrent uploaders uploading on mega instead and charging like half a dollar worth of bitcoins for a movie?

Why would anyone pay for illegal content though? when they can get pretty much anything they want through regular torrents anyways? I haven't really looked at Dotcom's project though, maybe there are some perks to using his site instead? Also isn't he already up to his eyebrows in lawsuits? 

[p_linz]

I would stay cautious about this, because Kim Dotcom claims to have solved the scalability issue which is unrealistic and sounds scammy to me. But we will see. He has hyped this a ton and after hyping something so hard, he has to deliver to not damage his reputation, that is what makes me think it can be good.

Definitely hyped it alot. Hopefully not overhyped though. What path do you think this is going? Torrent uploaders uploading on mega instead and charging like half a dollar worth of bitcoins for a movie?

Why would anyone pay for illegal content though? when they can get pretty much anything they want through regular torrents anyways? I haven't really looked at Dotcom's project though, maybe there are some perks to using his site instead? Also isn't he already up to his eyebrows in lawsuits? 

they would pay for it if the quality improvement is big and it just pennies.

[alpesvillage]

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

I am very eager to see this feature implemented, my btc will be expensive than now, 570 usd. 2000 usd I will buy a house with my btc, plus a tesla 

[Blind Legs Parker]

I would stay cautious about this, because Kim Dotcom claims to have solved the scalability issue which is unrealistic and sounds scammy to me. But we will see. He has hyped this a ton and after hyping something so hard, he has to deliver to not damage his reputation, that is what makes me think it can be good.

Simple: Megaupload died in 2012 and no erszartz will ever reach its former glory. Dotcom is obviously trying to hype his stuff to see if he can make it work with this sole basis, but there's nothing concrete behind it. All he has left is a little reputation and he's trying to use it: his reputation is the only thing backing this big hoax. Anyway, people will still keep supporting him even if this fails because, you know, "it's Kim Dotcom, wahooo". But in the end he's just a fat ass who once had an idea to rip people off their money and is now dreaming back about these bygone times.
RIP Megaupload, you once were something.

[yenxz]

He gets empathy as of its so unreasonable that he could lose his reputation among users. but strangely many people still trust him . reputation really does not matter that much for normal people who rarely use their services.

[asriloni]

somehow i do not get it how people believe and trust him and i always laugh when i read that he has a reputation to lose.
well i guess he has one reputation he can damage: bitcoin.

he is nor robin hood. inform yourself. please!

actually he got reputation from those who getting helped by his megaupload service and after getting raided by US,he got such an empathy from his users so it does make sense that he could losing reputation amongst his users,however so many people still trusting him,but his reputation actually doesn't matter that much for normal people who rarely use his service

see this is what i mean. i do doubt that you informed yourself about him and his past.
you have sympathy for him because he was raided by the FBI, but ignore the fact he was more then once convicted.
is this someone you really want to make business with? this is like Mt.Gox and Bitfinex opening a new online wallet. hot wallet only.  

i'm actually not giving him empathy due to his wealth getting raided,the ones is those who use his service,to be honest dealing with this guy is such bad option,but i'm not involved into his business by the way,i should agree with your point "this is like Mt.Gox and Bitfinex opening a new online wallet. hot wallet only.  ",his megaupload is breaking the copyright law so it's enough proof to predict his action in the future