Megaupload + Bitcoins

[p_linz]

so his praised solution to the transaction problem is a centralized service. doesn't sound so promising to me. i guess we will see if he releases more details. 

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[Yakamoto]

so his praised solution to the transaction problem is a centralized service. doesn't sound so promising to me. i guess we will see if he releases more details. 

If I understand what he's going for correctly, he wants to solve some of the transaction speed issues or something? Because aside from that unless he's focusing on the aspect of scalability primarily (which could be solved by large block sizes if it ever becomes a big issue) there isn't much he's offering to bring to the table.

[p_linz]

so his praised solution to the transaction problem is a centralized service. doesn't sound so promising to me. i guess we will see if he releases more details. 

If I understand what he's going for correctly, he wants to solve some of the transaction speed issues or something? Because aside from that unless he's focusing on the aspect of scalability primarily (which could be solved by large block sizes if it ever becomes a big issue) there isn't much he's offering to bring to the table.

well bitcoin can only handle a certain amount of transactions per second. one way to resolve this is to raise the block size. another way is to outsource transactions to side chains. but he wants to solve it with some centralized service. which is not a good idea since the big fuzz about bitcoin is it's decentralized nature. so he only brings a big mouth to the table.
 

[bitdumper]

this idea is old but i am glad that anyone atleast
thought it with bitcoin and nowdays the faints money
system gets harder on online shopping or online
spending but vertual coins are getting their grip on
most of the online services

[rekinthis]

so his praised solution to the transaction problem is a centralized service. doesn't sound so promising to me. i guess we will see if he releases more details. 

why it does not sound promising, in my opinion it already is promising that it will use bitcoins and it is really great as it will give bitcoin more popularity for sure

[Doamader]

so his praised solution to the transaction problem is a centralized service. doesn't sound so promising to me. i guess we will see if he releases more details. 

why it does not sound promising, in my opinion it already is promising that it will use bitcoins and it is really great as it will give bitcoin more popularity for sure

I really believe this will bring and push bitcoin into another values, almost instant, people always searching for good and stable ways to make money and the previous megaupload were allowing all to make money, soo now the new version with bitcoin as looks like will be amazing.

[Shiroslullaby]

Yes, but remember the main reason that Megaupload got shut down was because they were paying users. 
Investigators were able to prove that the company was giving payouts to accounts brining in large amounts of traffic. 
If they have any sort of payment system, they will have to be VERY careful about what they are taking payments for, or the government will argue that people are paying to download files that are known to be illegal.

[X-ray]

so his praised solution to the transaction problem is a centralized service. doesn't sound so promising to me. i guess we will see if he releases more details. 

why it does not sound promising, in my opinion it already is promising that it will use bitcoins and it is really great as it will give bitcoin more popularity for sure

Why did you think a file hoster site could affect that much for bitcoin? Even when steam starting to accept bitcoin there,s no impact on bitcoin but just a very small price increasing,i guess you don't what is megaupload exactly and why megaupload had been seized by U.S government few years back

[p_linz]

so his praised solution to the transaction problem is a centralized service. doesn't sound so promising to me. i guess we will see if he releases more details. 

why it does not sound promising, in my opinion it already is promising that it will use bitcoins and it is really great as it will give bitcoin more popularity for sure

I really believe this will bring and push bitcoin into another values, almost instant, people always searching for good and stable ways to make money and the previous megaupload were allowing all to make money, soo now the new version with bitcoin as looks like will be amazing.

ok, i have two concerns that should be understandable.
1. many expect a whole bunch of new users. let us assume they will be doubled. but megaupload uses bitcoin in a centralized way, so this would mean that half of the bitcoin world is centralized and decentralization was kind of the whole point of bitcoin. if you do not see why this is bad, then pleas educate yourself.
2. if i am running a legit business and accept bitcoin, but every body associates bitcoin with fraud and illegal activities, then i might give up my bitcoin support, when the reputation scares more people away then it brings in. and with fewer legit businesses bitcoin will never become global and always stay the internets dark bad money. 

[azguard]

so his praised solution to the transaction problem is a centralized service. doesn't sound so promising to me. i guess we will see if he releases more details. 

If I understand what he's going for correctly, he wants to solve some of the transaction speed issues or something? Because aside from that unless he's focusing on the aspect of scalability primarily (which could be solved by large block sizes if it ever becomes a big issue) there isn't much he's offering to bring to the table.

well bitcoin can only handle a certain amount of transactions per second. one way to resolve this is to raise the block size. another way is to outsource transactions to side chains. but he wants to solve it with some centralized service. which is not a good idea since the big fuzz about bitcoin is it's decentralized nature. so he only brings a big mouth to the table.
 

definitely not good idea
they this will all go lose
i hope that it will be resolved without involving some other service in motion here

[danherbias07]

Yes, but remember the main reason that Megaupload got shut down was because they were paying users.  
Investigators were able to prove that the company was giving payouts to accounts brining in large amounts of traffic.  
If they have any sort of payment system, they will have to be VERY careful about what they are taking payments for, or the government will argue that people are paying to download files that are known to be illegal.

Just one question though. Why is Megaupload brought down while others are still there and kicking some ass.   Wow that was exactly said by me. "kicking some ass"  We all know what this is.

[X-ray]

Yes, but remember the main reason that Megaupload got shut down was because they were paying users.  
Investigators were able to prove that the company was giving payouts to accounts brining in large amounts of traffic.  
If they have any sort of payment system, they will have to be VERY careful about what they are taking payments for, or the government will argue that people are paying to download files that are known to be illegal.

Just one question though. Why is Megaupload brought down while others are still there and kicking some ass.   Wow that was exactly said by me. "kicking some ass"  We all know what this is.

maybe because when at the time megaupload is the most popular site amongst other in the certain categories and megaupload didn't put any effort to stop the piracy or atleast deleting files which having the copyright from his site when the others doing it and they're fine until now
and paying people to do piracy is really a bad thing which could trigger the government

[Pursuer]

Yes, but remember the main reason that Megaupload got shut down was because they were paying users. 
Investigators were able to prove that the company was giving payouts to accounts brining in large amounts of traffic. 
If they have any sort of payment system, they will have to be VERY careful about what they are taking payments for, or the government will argue that people are paying to download files that are known to be illegal.

Just one question though. Why is Megaupload brought down while others are still there and kicking some ass.  Wow that was exactly said by me. "kicking some ass"  We all know what this is.

maybe because when at the time megaupload is the most popular site amongst other in the certain categories and megaupload didn't put any effort to stop the piracy or atleast deleting files which having the copyright from his site when the others doing it and they're fine until now
and paying people to do piracy is really a bad thing which could trigger the government

I don't think that is the case. all of these sites are under attack from DCMA (DMCA or whatever they are called ) and it is possible that they are up because they couldn't find the owner or he is out of US jurisdiction!

the example is the owner of kickass torrents, they removed copywright stuff fast if they received any notice but the owner was arrested in the end too !

[lumeire]

Yes, but remember the main reason that Megaupload got shut down was because they were paying users. 
Investigators were able to prove that the company was giving payouts to accounts brining in large amounts of traffic. 
If they have any sort of payment system, they will have to be VERY careful about what they are taking payments for, or the government will argue that people are paying to download files that are known to be illegal.

Has Kim said anything about re-implementing this system? I think he's big announcement is that somehow he's gonna develop a similar system like this in the past but with BTCBTCBTC payouts for uploaders.

[severaldetails]

I am not really sure if filehoster advertising with a big bitcoin concept would be such a good thing for bitcoin.
The public opinion concerning filehosters is, that in general they have to do something with software or film piracy.
And that would put a bad light on bitcoin as well.
If Dotcom wants to creat a bitcoin concept, ok.
But I wished he would not make a big deal about it. Might attract a lot of negative publicity, especially in the US.

[Supercrypt]

so his praised solution to the transaction problem is a centralized service. doesn't sound so promising to me. i guess we will see if he releases more details.  

If I understand what he's going for correctly, he wants to solve some of the transaction speed issues or something? Because aside from that unless he's focusing on the aspect of scalability primarily (which could be solved by large block sizes if it ever becomes a big issue) there isn't much he's offering to bring to the table.

well bitcoin can only handle a certain amount of transactions per second. one way to resolve this is to raise the block size. another way is to outsource transactions to side chains. but he wants to solve it with some centralized service. which is not a good idea since the big fuzz about bitcoin is it's decentralized nature. so he only brings a big mouth to the table.
 

definitely not good idea
they this will all go lose
i hope that it will be resolved without involving some other service in motion here

Well, is it really that bad to have an outside help?
Besides, it's one more biggy in the race and may possibly contribute significantly to the increase in bitcoin's value. Although I fear mega actually having great influence to bitcoin's value, to consider any possible impact on bitcoin value appreciations.

[Haliburton]

I have used their services in the past and this was needed to keep them afloat.
If a company that offers such services to the public for free wishes to keep operational they have to employ a way to create revenue in order too continue to survive.

[dandroid]

so his praised solution to the transaction problem is a centralized service. doesn't sound so promising to me. i guess we will see if he releases more details. 

why it does not sound promising, in my opinion it already is promising that it will use bitcoins and it is really great as it will give bitcoin more popularity for sure

I really believe this will bring and push bitcoin into another values, almost instant, people always searching for good and stable ways to make money and the previous megaupload were allowing all to make money, soo now the new version with bitcoin as looks like will be amazing.

I hope so, somehow will bring more visibility to the currency.

[Youresioure]

I'll stay cautious until I get to know more about how it'll indeed work, but so far it seems to bring attraction and new possible uses for BTC. A lot of people who use megaupload will learn about BTC and people who're invested into BTC may be able to use their BTC in these new possibilities through megaupload.

[takingthis4]

Kim Dotcom is full of surprises. I hope he knows what he's doing.

yeah, i hope it wasnt just talks and we will see bitcoins accepted in megaupload pretty soon, that would be definitely good to bitcoin

i hope only for good bad is just not in my book for now
just to be half of what he said i would be happy

yeah, that would definitely be enough though it might be just the rumors and nothing might happen either