So where is the Bitcache thing by KimDotcom

[pereira4]

As far as I remember Kim Dotcom claimed to have a product that would solve a lot of existing problems with bitcoin, and he would deliver a package that included a new megaupload 2.0 that would help bitcoin become mainstream. He claimed give a press release at around december so here we are and I still have not seen anything. Anyone knows what's up with this?

[1714705738]

1714705738

[1714705738]

1714705738

[1714705738]

1714705738

[franky1]

kimdotcoms version of LN is not ready.

as for 'at around december'..
that could mean november december or january.

a bit early to shout 'there is nothing'

much the same as segwit announced segwit by christmas.. but dont expect it by christmas.

wait for sgwit, LN and kimdotcom's LN news after the new year

and by 'after the new year'. i dont mean literally quote me on january 1st and say im wrong. take it contextually as some time in 2017

[pereira4]

kimdotcoms version of LN is not ready.

as for 'at around december'..
that could mean november december or january.

a bit early to shout 'there is nothing'

much the same as segwit announced segwit by christmas.. but dont expect it by christmas.

wait for sgwit, LN and kimdotcom's LN news after the new year

and by 'after the new year'. i dont mean literally quote me on january 1st and say im wrong. take it contextually as some time in 2017

Yeah I didn't mean to bash Kim Dotcom, he gets a lot of hate but I think when it's all said and done he is capable of delivering a good product. He is capable of getting a lot of traffic which is something key, and he is smart enough to hire the right people.

I hope segwit gets activated eventually. Only morons are actively blocking it.

[~Bitcoin~]

As far as I remember Kim Dotcom claimed to have a product that would solve a lot of existing problems with bitcoin, and he would deliver a package that included a new megaupload 2.0 that would help bitcoin become mainstream. He claimed give a press release at around december so here we are and I still have not seen anything. Anyone knows what's up with this?

Hope atleast He will deliver something because he have already successfully crowdfunded his project so he will be forced to deliver what he have promised. But i highly doubt bitcache will be able to solve bitcoin related problems and also in this competitive field of cloud storage his mega upload 2 will see same success as mega upload in past.

[franky1]

I hope segwit gets activated eventually. Only morons are actively blocking it.

you do know that LN can function without segwit.
the benefits of segwit helping LN and helping bitcoin are exaggerated.

seems kimdotcom is using the blockstream concept of LN, hense the delay in kimdotcom's service.
however there are many many other concepts that dont need segwit.

but the powerhouses choose their own partners even if it means making the community wait

its just kicking a stone down the road to explain a year delaying real scalability.
but thats a topic for another discussion.

[Senor.Bla]

maybe he will surprise us, but so far he talked a lot and has nothing to show. just like i suspected. i honestly would prefer to never hear from him again, then some bs that possibly ends bad for bitcoin.

[rapazev]

he was using bnktothefuture to raise money but i didnt followed..
anyone knows how it ended? how much were raised?

[MingLee]

He said it was going to show up sometime soon, it doesn't mean that it is going to immediately come out as soon as the estimated date does.

If anything I'm surprised that it won't be taking him and his devs longer to bring it out, assuming it comes out within the next few weeks.

Sounds like a neat thing, but I'll have to wait and see whether or not it is going to work well.

[calkob]

As far as I remember Kim Dotcom claimed to have a product that would solve a lot of existing problems with bitcoin, and he would deliver a package that included a new megaupload 2.0 that would help bitcoin become mainstream. He claimed give a press release at around december so here we are and I still have not seen anything. Anyone knows what's up with this?

I think he said it would be released early 2017    which could mean anytime up until March of that year, and i dont think it was to be the full implementation of the whole thing.  it takes time and the guys had a lot on his plate recently, but i expect him to keep his word.

[clickerz]

As Far As I Know, KimDotcom will be launching it next year or early first quarter of 2017. I am also eager to know his project since I know,it will have a great impact on bitcoin community. I am hoping his project develops,implemented and fully utilized to exploit its potential for the benefit of community.

[yayayo]

As Far As I Know, KimDotcom will be launching it next year or early first quarter of 2017. I am also eager to know his project since I know,it will have a great impact on bitcoin community. I am hoping his project develops,implemented and fully utilized to exploit its potential for the benefit of community.

I'm not so sure, whether his product will really be that innovative. Kim Dotcom is very good at marketing. He makes a lot of announcements, full of promises. However when it comes to real results, there is a lot less to show.

Bitcoin and Bitcoin users don't need Mr. Dotcom, Bitcoin is working fine as it is. If he truly had the intention to improve Bitcoin, he would have joined the development community. But he lacks the abilities to make a meaningful contribution anyway. The projects of Kim Dotcom serve primarily the purpose to generate profits for him, which is o.k.. Expecting anything special is not realistic.

ya.ya.yo!

[Shiroslullaby]

As long as his project creates new users, I'm fine with whatever KimDotcom is doing.
File sharing is and always will be a huge part of the internet, and whatever service they create could seriously increase the demand for Bitcoin,
which would (hopefully) drive up the price.

[bitkilo]

I am really interested to see what Kim will come up with, the whole Megaupload thing was a big success for him, well until they shut it down and put him under house arrest but what a house he has to be under arrest in.

We will probably here about his new project sometime in late Jan early Feb 2017.

[rapazev]

As Far As I Know, KimDotcom will be launching it next year or early first quarter of 2017. I am also eager to know his project since I know,it will have a great impact on bitcoin community. I am hoping his project develops,implemented and fully utilized to exploit its potential for the benefit of community.

I'm not so sure, whether his product will really be that innovative. Kim Dotcom is very good at marketing. He makes a lot of announcements, full of promises. However when it comes to real results, there is a lot less to show.

Bitcoin and Bitcoin users don't need Mr. Dotcom, Bitcoin is working fine as it is. If he truly had the intention to improve Bitcoin, he would have joined the development community. But he lacks the abilities to make a meaningful contribution anyway. The projects of Kim Dotcom serve primarily the purpose to generate profits for him, which is o.k.. Expecting anything special is not realistic.

ya.ya.yo!

i agree with you, but like you said he is very good at marketing and that's the main point to bitcoin.
if his idea will be revolutionary doest matter, all that matter is more buyers to bitcoin and price increasing

[Wind_FURY]

kimdotcoms version of LN is not ready.

as for 'at around december'..
that could mean november december or january.

a bit early to shout 'there is nothing'

much the same as segwit announced segwit by christmas.. but dont expect it by christmas.

wait for sgwit, LN and kimdotcom's LN news after the new year

and by 'after the new year'. i dont mean literally quote me on january 1st and say im wrong. take it contextually as some time in 2017

Hahahaha! That made me really laugh. Thank you for that franky.

OP, try to find out if Kimdotcom's, as franky said, version of the Lightning Network is open source or not. If it is then look for it at Github then follow the development of the project there. See how active it is, how often commits are made and how many people are making contributions and when. From that you will get a good idea if Bitcache will really materialize or not.

[pooya87]

i remember it was mostly hype and no good information about the technical aspect of it. he kept everything general and kept talking about the price of bitcoin and to da moon
and also he never gave any clear "release date" as far as i can remember.

[Kakmakr]

Kim Dotcom is not the only person in the world, that makes promises and then only delivers months and even years after the first anouncements. < Other examples : MicroSoft / Blizzard & even our developers of our new Bitcointalk forum software }  You have to understand how clever marketters have to hype up their business offering, when they are looking to crowd fund their projects. The potential investors will never drop money into a project, if they will only see ROI in 5 to 10 years from the date of anouncement. < Well some crazy rich people do, but they are the execption, and not the rule >

[QuestionAuthority]

He had to pause development due to his hospitalization for double chocolate cheesecake and deep-fried banana split disease. His wife (shown below) recently visited him in the hospital and he ate her. He was recovering nicely before that but unfortunately he got her rib cage stuck in his throat and had to be rushed in to surgery to have it removed.

[franky1]

im still wondering why people are getting excited about LN/bitcache..

do you guys know its just the same as using bitgo, or a multisig where one key of a 2of2 multisig is owned by kimdotcom.

LN and bitcache when you brush away all the buzzwords is not a permissionless system. bitcache and LN hubs become the bank/paypal 2.0 where the funds you deposit in then need their signature(authorisation) for you to move funds around.

its like having a joint bank account with someone you have never kissed or touched.

if you think dual signing with remote entity having 50% control is acceptable in exchange for speedy transactions. you might aswell stick with paypal/visa

[Red-Apple]

KimDotcom is still struggling with the law on the account of his big lawsuit related to MegaUpload i don't think we are going to see any real result out of this project anytime soon! and i said it back then the first time i read the first tweet, he is showing the project bigger than it really is.