Megaupload + Bitcoins

[European Central Bank]

so hype merchant and convicted insider trader turns to be hyping empty hype. what a shocker.

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[azguard]

so hype merchant and convicted insider trader turns to be hyping empty hype. what a shocker.

it is more less expected if we take a look lot of think are changed in last minute and in the end everything went south
i just hope that it will become like he mentioned but dont expect to see that at all after all this

[QuestionAuthority]

Poor Kim Schmitz is going to be really hungry in prison.

[LoyceV]

I guess we had to see this coming and by "later this year" , I'm sure he means Q4 and nothing before that. I'm however having my doubts about the reason before the late progress. His tweet

I read it, then read it again. I still have no idea what it's all about! Why doesn't he make a site instead of talking on Twitter? Can't he just say what it's about? Now we had several accouncement for an announcement that was delayed, and another announcement to announce it's delayed again. This "thing" that's going to get 100 million users and push Bitcoin to $2000 turns out to be absolutely nothing?
We knew from the beginning it's overly hyped, which you only do when the product won't sell itself. But still, I'm disappointed to see there's no product at all. How is he ever expecting to gain anything from this?

Let's check Wiki:

"Bitcache is an announced blockchain powered service that links file transfers to bitcoin microtransactions." - source

All in all we still don't know anything.

Let's search further: bitcoinist.com:

"According to Kim, there will be millions of Bitcoin microtransactions that will be handled off-chain, at an average or default transaction cost of $0.05" - source continues about 100 million Bitcoin wallets and more

Why would anyone ever pay 5 cents for an off-chain transaction? Several websites (exchange/casino) offer off-chain transactions at no cost at all! Even Bitcoin itself offers transactions at lower fees, although they can take a while nowadays.

[HaXX0R1337]

Why would anyone ever pay 5 cents for an off-chain transaction? Several websites (exchange/casino) offer off-chain transactions at no cost at all! Even Bitcoin itself offers transactions at lower fees, although they can take a while nowadays.

I bet he will come up with a service which is already in the market with a different look.He just likes to hype things up and nothing else.He will announce these big deals and never fulfill things .He just made some quick bucks running a cyber locker and now he is looking to have some publicity and nothing else.

[Denker]

Doesn't look good for Mr. Dotcom.
New Zealand judge upholds Kim Dotcom's extradition ruling.
Looks like MU 2.0 and Bitcache is history before it started!
I'm certain US authorities already rubbing their hands.

http://www.usatoday.com/story/tech/2017/02/20/new-zealand-judge-upholds-kim-dotcom-extradition-ruling/98146224/

[QuestionAuthority]

Doesn't look good for Mr. Dotcom.
New Zealand judge upholds Kim Dotcom's extradition ruling.
Looks like MU 2.0 and Bitcache is history before it started!
I'm certain US authorities already rubbing their hands.

http://www.usatoday.com/story/tech/2017/02/20/new-zealand-judge-upholds-kim-dotcom-extradition-ruling/98146224/

No shit, really? Wonder where I've heard that before? LOL

Supreme Courts aren't required to review every case presented to them. He'll either successfully win the right to appeal to the Supreme Court (which will mean his ass raping in a US prison won't start for a year or two) or he'll not be allowed to appeal further (which means his ass raping will begin this year). Either way, he's fucked.

Smart attorneys though, they're going to bleed him dry before he's locked up forever. He better start a new project soon or he won't have any money left to fight.

[Senor.Bla]

Oh how i waited for this to happen. First his big mouth and talk about a $2000 price and millions of new users, then the delay and now this. I am just waiting for him to announce that he will still rum MU2 even from prison if he has to and people eating this lies up like  a piece of cake.

[richardsNY]

Oh how i waited for this to happen. First his big mouth and talk about a $2000 price and millions of new users, then the delay and now this. I am just waiting for him to announce that he will still rum MU2 even from prison if he has to and people eating this lies up like  a piece of cake.

It's not surprising at all. Big talk most of the times always results in big disappointments as the same basically happened with the Gemini exchange from the Winklevoss brothers. Other than that, people don't really care as MU2 doesn't offer anything really useful to the majority of the people here and outside the forum. As soon as people start throwing with insanely high prices just because of their project, then it's already a sign that you should taken it with a huge load of salt. For serious people this is their first priority -- action speaks louder than words.

[DarkIT]

megaupload is so well known, I am sure when megaupload support bitcoin, maybe it will push the price of bitcoin be much higher, and stable. I also read an article that said that they predict that the price of bitcoin will be $ 2,000 this year.

[gentlemand]

Doesn't look good for Mr. Dotcom.
New Zealand judge upholds Kim Dotcom's extradition ruling.
Looks like MU 2.0 and Bitcache is history before it started!

I was under the impression that he was only a figurehead for Megaupload 2.0 but I may be wrong. I assume the wider team behind it is having pause for thought at least.

[xskl0]

megaupload is so well known, I am sure when megaupload support bitcoin, maybe it will push the price of bitcoin be much higher, and stable. I also read an article that said that they predict that the price of bitcoin will be $ 2,000 this year.

I think this too 

[OmegaStarScream]

Some updates, his last statements:

- Bitcache will ultimately replace credit card payments on the Internet
- Bitcache & Megaupload 2: A first look at encrypted anonymous content delivery with build-in Bitcoin payments. Private. Easy. Safe. Tidy.
- Get ready Bitcoiners. Bitcache will take Bitcoin to the mass market.

He also posted a video and I have to say that It looks good enough: https://twitter.com/KimDotcom/status/848731692638453761

[azguard]

Some updates, his last statements:

- Bitcache will ultimately replace credit card payments on the Internet
- Bitcache & Megaupload 2: A first look at encrypted anonymous content delivery with build-in Bitcoin payments. Private. Easy. Safe. Tidy.
- Get ready Bitcoiners. Bitcache will take Bitcoin to the mass market.

He also posted a video and I have to say that It looks good enough: https://twitter.com/KimDotcom/status/848731692638453761

Saw that twitter post but dont give much hopes to it. He did mentioned lost of stuff but at the end nothing happen.
Just wish him Gl with this and to be just half of what he told all of us it would be great for this project.

[Xester]

I guess we had to see this coming and by "later this year" , I'm sure he means Q4 and nothing before that. I'm however having my doubts about the reason before the late progress. His tweet

It has been a year already and the promise of launching megaupload and bit cache was still a promise. It has never been implemented possibly due to complications of integrating both systems and how it will operate. People are now tired of waiting for its launch and they are not talking about it now as if it was not existing. In my own opinion the only fault the owner does was to advertise it very early and leaving the excited clients on the air waiting for it.

[LoyceV]

- Get ready Bitcoiners

My first thought: He is the one who should get ready! Bitcoiners aren't postponing, he is.

Second thought: the video looks nice. But I doubt it will work: who's gonna pay for content anyway? Millions of people share all kinds of files for free.
I only see two different markets: porn or warez. If it's warez, it will have fake files too, just like fake torrents are being uploaded. If it's porn, it can be the illegal kind. In both cases, his servers will be a target for the authorities again.

[1Referee]

He did mentioned lost of stuff but at the end nothing happen.

He's just trying to create a hype around this project (which is perfectly understandable), but so far there is not much for people to focus on other than the information that they occasionally release. Other than that, according to their site they have raised just over $990K, which apparently was a little bit more than their minimum goal. If this project was a real game changer (as he is trying to convince people), especially with his contacts, large investors wouldn't waste a single second and hand him over the needed millions. Long story short - there is no real demand for such a service.

[QuestionAuthority]

All Kim Schmitz can look forward to at this point is going from tough gangsta:



To crybaby bitch:



To shock and pain:

[Raxitto]

The tool clearly involves the direct implementation of a Bitcoin address, which users will need to receive payments after the content is submitted. Portfolios can be created from the Bitcache client.
Even though he has gotten rid of copyright infringement under New Zealand law in a trial, he is still wanted in the US, the country seeking his extradition.

[sgk]

MU2 & Bitcache first product demo:

https://youtu.be/5HikmLbpqN4