Megaupload + Bitcoins

[OmegaStarScream]

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.

He did plan for it in early January and I guess that It didn't change anything (you should expect more details 20th January as he tweeted a few days ago) , as for the price , he clearly said that It may take two years for us to reach that amount.

[Senor.Bla]

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.

He did plan for it in early January and I guess that It didn't change anything (you should expect more details 20th January as he tweeted a few days ago) , as for the price , he clearly said that It may take two years for us to reach that amount.

It would really surprise me if he could present an acceptable solution. When did tweet this? Because he also tweeted before that that Bitcoin will hit the $2000+ in 2017.

[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.

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.

Maybe it is not about you anymore or was it really about you in the first place? Kimdotcom strikes me as a nonconformist. I believe Megaupload 2'and Bitcache was intended to be as a form of disruption more than anything else. So if you worry that uploaders might get smaller fees for uploading pirated content and you see it as bad, then you might want to evaluate your opinion instead of typing nonsense.

[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.

Maybe it is not about you anymore or was it really about you in the first place? Kimdotcom strikes me as a nonconformist. I believe Megaupload 2'and Bitcache was intended to be as a form of disruption more than anything else. So if you worry that uploaders might get smaller fees for uploading pirated content and you see it as bad, then you might want to evaluate your opinion instead of typing nonsense.

You will have to be more specific, because i do not see where i wrote that the uploaders get a SMALLER fee. I also never wrote about pirated content, as we can also expect other content.
I can promise you that he does not care if it is disruptive or not. He only wants to make money. If he could make more money selling win 95, then he would do that.

[azguard]

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.

He did plan for it in early January and I guess that It didn't change anything (you should expect more details 20th January as he tweeted a few days ago) , as for the price , he clearly said that It may take two years for us to reach that amount.

It would really surprise me if he could present an acceptable solution. When did tweet this? Because he also tweeted before that that Bitcoin will hit the $2000+ in 2017.

Yea he said but also also said in many times and then it will no be like that and so on.
More it will be this 20th that will decide the fate for BTC will it go up or it will go down. Many expect to go over 1000 again but i would be happy if BTC dont drop anymore

[n691309]

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 used megaupload a lot in the past (including megavideo) and it was a good website for warez, but now it has been a while since there is no progres from Kim. I hope that there will be a era in the bitcoin world and I hope many new people will join bitcoin through this project!

[Shiroslullaby]

I wonder if Kimdotcom actually owns any Bitcoin or if the government took them all when they seized his assets.
Hopefully this Bitcache idea isn't total nonsense and brings Bitcoin to many new users. We're only one major app away from breaking into the mainstream.
Things will never be the same.

[BitcoinGirl.Club]

I don't see how bitcoin can accomplish any achievement with this dealing with a download service that was outlawed last time. And what now would make it different in this second round?

[BitcoinHodler]

I don't see how bitcoin can accomplish any achievement with this dealing with a download service that was outlawed last time. And what now would make it different in this second round?

the least thing it can do is to introduce bitcoin to many new people who has never heard about bitcoin and see it being used and maybe use it themselves also.
and a good thing about it is that this project shows bitcoin more as a currency to do fast and safe transactions with low fees hopefully.

[South Park]

I wonder if Kimdotcom actually owns any Bitcoin or if the government took them all when they seized his assets.
Hopefully this Bitcache idea isn't total nonsense and brings Bitcoin to many new users. We're only one major app away from breaking into the mainstream.
Things will never be the same.

If he was smart he had backups somewhere of his wallets and then just moved the money to other wallet, while it seems to be hyped to death I hope that kimdotcom delivers on his promises because if he does this could be the breakthrough we have been waiting for.

[QuestionAuthority]

"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.

I love that image too. It would be a little more accurate if they would show Kim Schmitz holding a burger and fries in one hand and a whole cheesecake in the other. LOL

He'll finally lose the weight in 2017 when the U.S. extradites him and puts him in a federal prison.

[onnz423]

Personally i do believe on his ability to make this work, i think he is a master mind.
Linking stuff like file upload to bitcoin might bring some bad media attention, but i guess that is the price you'll need to pay.
Atleast we would get an really nice hype train if he managed to complete the linking process

[Dudeperfect]

I don't see how bitcoin can accomplish any achievement with this dealing with a download service that was outlawed last time. And what now would make it different in this second round?

the least thing it can do is to introduce bitcoin to many new people who has never heard about bitcoin and see it being used and maybe use it themselves also.
and a good thing about it is that this project shows bitcoin more as a currency to do fast and safe transactions with low fees hopefully.

It's about sudden rise in demand and directly in the price of bitcoin. People who usually use fiat (via PayPal or visa etc) would use bitcoin due to the popularity of such services and ease of using those services. I doubt that such rise will last long or not.

[thejaytiesto]

Personally i do believe on his ability to make this work, i think he is a master mind.
Linking stuff like file upload to bitcoin might bring some bad media attention, but i guess that is the price you'll need to pay.
Atleast we would get an really nice hype train if he managed to complete the linking process

I think so too, the guy is a genius, he may not be as bright as a bitcoin developer, but he knows how to tap on certain markets and exploits them delivering a product that just works as intended. MEGA is great, but it could have been better if it used html5 instead of stupid flash. It got ruined after he sold it tho.

[Rockie1234]

This definitely sounds like a good idea; not sure how it would work. Can someone explain? My guess is that you would have to pay for certain downloads?... Don't see how this would work out since how do you know if what you are paying for is legitimate and not just a virus in disguise?

[Anarchist]

He doesn't care about bitcoin and megaupload, he is just trying to buzz. he is bragging constantly over twitter
any action ? nope

[Star.Wars]

I do not think Megaupload will affect the price of bitcoin. Now people are haven't trouble with online storage. Alternatively, there are many cloud-based systems available. Dotcom is just advertize.

[donalddlanod]

Bitcoin people are the most skeptical in the world. I understand why too but give him a chance. He is investing money, time and reputation. He is not a stupid man.

[Anarchist]

Bitcoin people are the most skeptical in the world. I understand why too but give him a chance. He is investing money, time and reputation. He is not a stupid man.

He is using his reputation to brag only. Making me think about Lady gaga

[OmegaStarScream]

Bitcoin people are the most skeptical in the world. I understand why too but give him a chance. He is investing money, time and reputation. He is not a stupid man.

He is using his reputation to brag only. Making me think about Lady gaga

Its not even comparable. If he promised something for the near future and he didn't keep his promise , he won't have any good reputation left. I personally never seen anything from him that make disbelieve him. 20th January is in three days so we should wait and see how things goes and judge later.