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Author Topic: Kim Dotcom looking for suggestions on payments  (Read 10006 times)
apetersson (OP)
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July 11, 2012, 07:16:29 AM
 #1

from: https://twitter.com/KimDotcom/status/222759825526890496

Quote from: KimdDotcom
The world needs online payment alternatives to US based Credit Cards & Paypal. Send me your suggestions and ideas: Twitter@kim.com
Rick Falkvinge and others already pointed him to Bitcoin.
Given that he has some issues with frozen funds he has a lot of incentive to see Bitcoin grow.
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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July 11, 2012, 07:52:31 AM
 #2

Make this happen.

Kim must hate the US more than anyone. Imagine if BTC/tor hidden services became the new way to pay for/access illegal downloads.

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July 11, 2012, 09:24:29 AM
 #3

It will be interesting to see MegaMusic+BTC  Grin

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July 11, 2012, 09:27:51 AM
 #4

MegaBitcoin ?

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July 11, 2012, 09:41:55 AM
 #5

Sent him an e-mail.

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July 11, 2012, 09:43:57 AM
 #6

He really could throw bitcoin into the mainstream if he launches bitcoin support for his new music service.

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July 11, 2012, 09:47:24 AM
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He really could throw bitcoin into the mainstream if he launches bitcoin support for his new music service.
Do we already want this though?

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July 11, 2012, 09:48:56 AM
 #8

He really could throw bitcoin into the mainstream if he launches bitcoin support for his new music service.
Do we already want this though?

I can't speak for everybody, but yeah I would want this. I want to be able to have my whole product chain using bitcoins, at this moment I still need to exchange to USD to pay for certain parts of it. Mainstream means more merchants, which is a good thing.

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July 11, 2012, 12:34:33 PM
 #9

If he accepts Bitcoin it would be a very good news

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July 11, 2012, 12:35:51 PM
 #10

Do want.

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July 11, 2012, 12:45:20 PM
 #11

has had a strong response on Twitter

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July 11, 2012, 12:46:04 PM
 #12

He really could throw bitcoin into the mainstream if he launches bitcoin support for his new music service.
Do we already want this though?

I can't speak for everybody, but yeah I would want this. I want to be able to have my whole product chain using bitcoins, at this moment I still need to exchange to USD to pay for certain parts of it. Mainstream means more merchants, which is a good thing.

As much as I would want this, I don't think Bitcoin is ready yet. Look at how much faster the blockchain is growing with a popular service such as SatoshiDice, which only caters towards Bitcoin users. Now imagine a giant such as MegaUpload, which caters to a much much wider audience, starts using Bitcoin. The blockchain growth would be out of control. Coming up with and implementing features to keep the blockchain growth in check should be top priority right now in my opinion.

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July 11, 2012, 12:48:05 PM
 #13

As much as I would want this, I don't think Bitcoin is ready yet. Look at how much faster the blockchain is growing with a popular service such as SatoshiDice, which only caters towards Bitcoin users. Now imagine a giant such as MegaUpload, which caters to a much much wider audience, starts using Bitcoin. The blockchain growth would be out of control. Coming up with and implementing features to keep the blockchain growth in check should be top priority right now in my opinion.

+1
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July 11, 2012, 12:50:40 PM
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As much as I would want this, I don't think Bitcoin is ready yet. Look at how much faster the blockchain is growing with a popular service such as SatoshiDice, which only caters towards Bitcoin users. Now imagine a giant such as MegaUpload, which caters to a much much wider audience, starts using Bitcoin. The blockchain growth would be out of control. Coming up with and implementing features to keep the blockchain growth in check should be top priority right now in my opinion.

As I always say, nothing gets features implemented like the imminent catastrophe!

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July 11, 2012, 12:55:44 PM
 #15

Sent him an e-mail.

+1

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July 11, 2012, 01:01:01 PM
 #16

uploaded.to already takes bitcoins... if all file sharing sites did, it would be awesome
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July 11, 2012, 01:01:29 PM
 #17

Time to scratch together more for buying BTC!!!

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July 11, 2012, 01:09:32 PM
 #18

As much as I would want this, I don't think Bitcoin is ready yet. Look at how much faster the blockchain is growing with a popular service such as SatoshiDice, which only caters towards Bitcoin users. Now imagine a giant such as MegaUpload, which caters to a much much wider audience, starts using Bitcoin. The blockchain growth would be out of control. Coming up with and implementing features to keep the blockchain growth in check should be top priority right now in my opinion.

Sure  Roll Eyes
Folks where up and downloading gigabytes per DAY using MegaUpload - I am pretty sure they can handle something as laughable tiny as the blockchain.
Nice try, tho
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July 11, 2012, 01:16:57 PM
 #19

Rick Falkvinge's tweet suggesting Bitcoin was retweeted to Dotcom's ~90,000 followers:


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July 11, 2012, 01:17:15 PM
 #20

As much as I would want this, I don't think Bitcoin is ready yet. Look at how much faster the blockchain is growing with a popular service such as SatoshiDice, which only caters towards Bitcoin users. Now imagine a giant such as MegaUpload, which caters to a much much wider audience, starts using Bitcoin. The blockchain growth would be out of control. Coming up with and implementing features to keep the blockchain growth in check should be top priority right now in my opinion.

Sure  Roll Eyes
Folks where up and downloading gigabytes per DAY using MegaUpload - I am pretty sure they can handle something as laughable tiny as the blockchain.
Nice try, tho


I don't think he was referring to megaupload themselves handling the blockchain, but everyone else who needs the blockchain dealing with it.  It seems that the rapidly increasing blockchain size is something of a major hurdle atm.

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July 11, 2012, 01:17:20 PM
 #21

I added a tweet:

https://twitter.com/FerrohDotCom/status/223042058900877314

As for other's concerns of the blockchain -- I think we should keep that out of this thread, this issue has been addressed many times. In the short term -- just dont download the blockchain. In the long term, a better solution will be implemented. For now, we can afford a few extra gigabytes on the chain, especially since the influx of bitcoin users would create plenty of incentive to implement a shorter blockchain solution faster.
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July 11, 2012, 01:20:40 PM
 #22

As much as I would want this, I don't think Bitcoin is ready yet. Look at how much faster the blockchain is growing with a popular service such as SatoshiDice, which only caters towards Bitcoin users. Now imagine a giant such as MegaUpload, which caters to a much much wider audience, starts using Bitcoin. The blockchain growth would be out of control. Coming up with and implementing features to keep the blockchain growth in check should be top priority right now in my opinion.

With popularity among consumers, comes interest from new developers, perhaps even with a fresh pair of eyes, to help build our infrastructure and take their own piece of the Bitcoin pie.

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July 11, 2012, 01:35:04 PM
 #23

As much as I would want this, I don't think Bitcoin is ready yet. Look at how much faster the blockchain is growing with a popular service such as SatoshiDice, which only caters towards Bitcoin users. Now imagine a giant such as MegaUpload, which caters to a much much wider audience, starts using Bitcoin. The blockchain growth would be out of control. Coming up with and implementing features to keep the blockchain growth in check should be top priority right now in my opinion.

Sure  Roll Eyes
Folks where up and downloading gigabytes per DAY using MegaUpload - I am pretty sure they can handle something as laughable tiny as the blockchain.
Nice try, tho


I don't think he was referring to megaupload themselves handling the blockchain, but everyone else who needs the blockchain dealing with it.  It seems that the rapidly increasing blockchain size is something of a major hurdle atm.

I was talking about the actual users. Who do you think was downloading all those HD movies of several GBs on MegaUpload?
The blockchain is smaller than one of those HD movies - dont even look at those 20GB+ BR rips.
And there are tons of web sites out there, where people watch movies in realtime, streaming it. And you really thing someone cares about a few GB?
So yes the blockchain probably is too large for the 90s - welcome to more than a decade later Wink
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July 11, 2012, 01:37:27 PM
 #24

He really could throw bitcoin into the mainstream if he launches bitcoin support for his new music service.
Do we already want this though?

I will leave bitcoin instantly if it becomes mainstream, I'm too hipster for that.

But can't really comment much on that, I'm having severe existential crisis because hating mainstream is nowadays too mainstream, and I can't deal with myself any more having problems like this.

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July 11, 2012, 01:37:50 PM
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As much as I would want this, I don't think Bitcoin is ready yet. Look at how much faster the blockchain is growing with a popular service such as SatoshiDice, which only caters towards Bitcoin users. Now imagine a giant such as MegaUpload, which caters to a much much wider audience, starts using Bitcoin. The blockchain growth would be out of control. Coming up with and implementing features to keep the blockchain growth in check should be top priority right now in my opinion.

Sure  Roll Eyes
Folks where up and downloading gigabytes per DAY using MegaUpload - I am pretty sure they can handle something as laughable tiny as the blockchain.
Nice try, tho


I don't think he was referring to megaupload themselves handling the blockchain, but everyone else who needs the blockchain dealing with it.  It seems that the rapidly increasing blockchain size is something of a major hurdle atm.

I was talking about the actual users. Who do you think was downloading all those HD movies of several GBs on MegaUpload?
The blockchain is smaller than one of those HD movies - dont even look at those 20GB+ BR rips.
And there are tons of web sites out there, where people watch movies in realtime, streaming it. And you really thing someone cares about a few GB?
So yes the blockchain probably is too large for the 90s - welcome to more than a decade later Wink



There has been a lot of discussion on the topic that I think you need to catch up on.  Do a couple searches on the forum.  

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July 11, 2012, 01:43:08 PM
 #26

uploaded.to already takes bitcoins... if all file sharing sites did, it would be awesome

see sig.
maybe not all, but indirectly through premiumize.me you get something between 10-20 including all the most popular ones. i got a 180-day subcription there bought for 20€ in bitcoins (5btc at the time) and even though i dont download that much its really terribly convenient to have access to pretty much everything you might come across without even having to login. filehoster access with btc is pretty much a solved problem imho.

anyways, having him on board would still be good news, even if its just for the publicity at first.
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July 11, 2012, 01:50:02 PM
 #27

With popularity among consumers, comes interest from new developers, perhaps even with a fresh pair of eyes, to help build our infrastructure and take their own piece of the Bitcoin pie.

This.

Also those worried about Bitcoin growing too fast ... don't.  Growth which is "too fast" can't happen in a free market.  It can only happen where artificial subsidies (i.e govt, Federal Reserve, natural monopolies) prevent the free market from functioning properly to curb growth.

If bitcoin popularity outpaces the technical development (solutions for blockchain size, processing cost, wallet ease of use) then that technical deficiency will act as a constraint to slow further growth.  It also creates a huge financial incentive to build better solutions. 
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July 11, 2012, 01:52:31 PM
 #28

As much as I would want this, I don't think Bitcoin is ready yet. Look at how much faster the blockchain is growing with a popular service such as SatoshiDice, which only caters towards Bitcoin users. Now imagine a giant such as MegaUpload, which caters to a much much wider audience, starts using Bitcoin. The blockchain growth would be out of control. Coming up with and implementing features to keep the blockchain growth in check should be top priority right now in my opinion.

Sure  Roll Eyes
Folks where up and downloading gigabytes per DAY using MegaUpload - I am pretty sure they can handle something as laughable tiny as the blockchain.
Nice try, tho


I don't think he was referring to megaupload themselves handling the blockchain, but everyone else who needs the blockchain dealing with it.  It seems that the rapidly increasing blockchain size is something of a major hurdle atm.

I was talking about the actual users. Who do you think was downloading all those HD movies of several GBs on MegaUpload?
The blockchain is smaller than one of those HD movies - dont even look at those 20GB+ BR rips.
And there are tons of web sites out there, where people watch movies in realtime, streaming it. And you really thing someone cares about a few GB?
So yes the blockchain probably is too large for the 90s - welcome to more than a decade later Wink


There has been a lot of discussion on the topic that I think you need to catch up on.  Do a couple searches on the forum.  

So if someone repeats FUD long enough it will magically turn true?
The blockchain size is only a hypothetical issue.
Even my cellphone could handle a full client for the next few years.

Back to subject, I hope the Kim realizes that when he had done MegaUpload using Bitcoins, the FBI would had a hard time freezing those.
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July 11, 2012, 01:54:32 PM
 #29


Back to subject, I hope the Kim realizes that when he had done MegaUpload using Bitcoins, the FBI would had a hard time freezing those.


already wrote him a mail about that...
and the nice pseudonymity features...which makes it impossible to be sure to seize ALL funds
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July 11, 2012, 01:57:42 PM
 #30

uploaded.to already takes bitcoins... if all file sharing sites did, it would be awesome

see sig.
maybe not all, but indirectly through premiumize.me you get something between 10-20 including all the most popular ones. i got a 180-day subcription there bought for 20€ in bitcoins (5btc at the time) and even though i dont download that much its really terribly convenient to have access to pretty much everything you might come across without even having to login. filehoster access with btc is pretty much a solved problem imho.

anyways, having him on board would still be good news, even if its just for the publicity at first.

Thanks! I'll check it out.
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July 11, 2012, 02:44:52 PM
 #31

Now that I think of it, I'm actually kind of surprised that someone like KimDotcom hasn't already heard of bitcoin.  You'd think that someone in his position would have come across it long ago. 

Maybe he has heard of it, but from his short tweet it sure doesn't.

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July 11, 2012, 02:47:11 PM
 #32

Now that I think of it, I'm actually kind of surprised that someone like KimDotcom hasn't already heard of bitcoin.  You'd think that someone in his position would have come across it long ago.  

Maybe he has heard of it, but from his short tweet it sure doesn't.

Mafia enterprises doesnt allways know about the latest technologies, if they make money they rarely look beyond the imminent problems until its too late. Just a bit of history, Capone got away with alot but eventually fell from "grace" due to not thinking properly about his accounting affairs. Wink

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July 11, 2012, 02:49:46 PM
 #33

Now that I think of it, I'm actually kind of surprised that someone like KimDotcom hasn't already heard of bitcoin.  You'd think that someone in his position would have come across it long ago.  

Maybe he has heard of it, but from his short tweet it sure doesn't.

Mafia enterprises doesnt allways know about the latest technologies, if they make money they rarely look beyond the imminent problems until its too late. Just a bit of history, Capone got away with alot but eventually fell from "grace" due to not thinking properly about his accounting affairs. Wink

Good point  Grin

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July 11, 2012, 03:08:09 PM
 #34

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July 11, 2012, 04:50:53 PM
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Now that I think of it, I'm actually kind of surprised that someone like KimDotcom hasn't already heard of bitcoin.  You'd think that someone in his position would have come across it long ago.  

Maybe he has heard of it, but from his short tweet it sure doesn't.

Mafia enterprises doesnt allways know about the latest technologies, if they make money they rarely look beyond the imminent problems until its too late. Just a bit of history, Capone got away with alot but eventually fell from "grace" due to not thinking properly about his accounting affairs. Wink

OR, he is already invested heavily and ready to help run the price up for a pump and dump.

Pirate = or /= to Kim Dotcom?

Hmmmmm.........

 Wink

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July 11, 2012, 05:10:26 PM
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Now that I think of it, I'm actually kind of surprised that someone like KimDotcom hasn't already heard of bitcoin.  You'd think that someone in his position would have come across it long ago.  

Maybe he has heard of it, but from his short tweet it sure doesn't.

Mafia enterprises doesnt allways know about the latest technologies, if they make money they rarely look beyond the imminent problems until its too late. Just a bit of history, Capone got away with alot but eventually fell from "grace" due to not thinking properly about his accounting affairs. Wink

OR, he is already invested heavily and ready to help run the price up for a pump and dump.

Pirate = or /= to Kim Dotcom?

Hmmmmm.........

 Wink


Well, go to Las Vegas for the convention and see if Pirate is a hugely fat German guy.  My bet is that he dresses like Jack Sparrow.
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July 11, 2012, 05:23:03 PM
 #37

Kim must hate the US more than anyone. Imagine if BTC/tor hidden services became the new way to pay for/access illegal downloads.

I haven't found much on TOR, but I2P is great for filesharing. TOR's best for anonymous browsing of the public web.
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July 11, 2012, 05:23:50 PM
 #38

Now that I think of it, I'm actually kind of surprised that someone like KimDotcom hasn't already heard of bitcoin.  You'd think that someone in his position would have come across it long ago.  

Maybe he has heard of it, but from his short tweet it sure doesn't.

Mafia enterprises doesnt allways know about the latest technologies, if they make money they rarely look beyond the imminent problems until its too late. Just a bit of history, Capone got away with alot but eventually fell from "grace" due to not thinking properly about his accounting affairs. Wink

OR, he is already invested heavily and ready to help run the price up for a pump and dump.

Pirate = or /= to Kim Dotcom?

Hmmmmm.........

 Wink

Kim loves playing online games and we all know Pirates dont know about this technology stuff. Wink

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July 11, 2012, 05:29:57 PM
 #39

Until bitcoin gets very big the problem is cashing it out to fiat. Thats the point of failure and as such the government can just seize it there, or tax it or whatever.

Small time, it's easy to use for whatever.

To depend on it for sizeable income or for a large business would kill you.
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July 11, 2012, 05:56:37 PM
 #40

I haven't found much on TOR, but I2P is great for filesharing. TOR's best for anonymous browsing of the public web.
Don't know how much protection they need, but with TOR they could operate like SR... although likely only for torrents..

Perhaps just saving funds as BTC and switching servers now and then would be enough.

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July 11, 2012, 06:07:08 PM
 #41

We emailed and tweeted him.

It would be great for Bitcoin if MegaBox started accepting it.
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July 11, 2012, 06:15:21 PM
 #42

We emailed and tweeted him.

It would be great for Bitcoin if MegaBox started accepting it.
To bad the guys from Grooveshark didn't want to accept Bitcoin.
Now lets hope Megabox will.

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July 11, 2012, 06:24:10 PM
 #43

Now that I think of it, I'm actually kind of surprised that someone like KimDotcom hasn't already heard of bitcoin.  You'd think that someone in his position would have come across it long ago.  

Maybe he has heard of it, but from his short tweet it sure doesn't.

Mafia enterprises doesnt allways know about the latest technologies, if they make money they rarely look beyond the imminent problems until its too late. Just a bit of history, Capone got away with alot but eventually fell from "grace" due to not thinking properly about his accounting affairs. Wink

OR, he is already invested heavily and ready to help run the price up for a pump and dump.

Pirate = or /= to Kim Dotcom?

Hmmmmm.........

 Wink


Well, go to Las Vegas for the convention and see if Pirate is a hugely fat German guy.  My bet is that he dresses like Jack Sparrow.

HAHA!

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July 11, 2012, 06:25:41 PM
 #44

As much as I would want this, I don't think Bitcoin is ready yet. Look at how much faster the blockchain is growing with a popular service such as SatoshiDice, which only caters towards Bitcoin users. Now imagine a giant such as MegaUpload, which caters to a much much wider audience, starts using Bitcoin. The blockchain growth would be out of control. Coming up with and implementing features to keep the blockchain growth in check should be top priority right now in my opinion.

As I always say, nothing gets features implemented like the imminent catastrophe!

+5 +3 +3 ++ +9 +3 +3 +5
+1 +1 +1 +1 +1 +1 +1 +1
.                                .
     .                       .
         .        +1    .
              .       .
+1 +1 +1 +1      +1 +1 +1
+5 +3 +3 +9 ++ +3 +3 +5

I got depressed till I read the follow-up post.

~Bruno~
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July 11, 2012, 08:07:02 PM
 #45

I'd wait for ASICs to level out the hash-rate thus price before going mainstream.

The number of transactions is not a problem here.
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July 11, 2012, 09:53:30 PM
 #46

from @KimDotcom
Megabox is coming within the next 4-6 months. We are making good progress. This innovation is going to make a lot of people happy!
from @coinlab to @KimDotcom
We can make a custom-branded MegaBox bitcoin-mining client. Your customers can earn songs with their idle computers. Emailed you

Something very interesting is about to happen  Grin

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July 11, 2012, 09:58:58 PM
 #47

from @KimDotcom
Megabox is coming within the next 4-6 months. We are making good progress. This innovation is going to make a lot of people happy!
from @coinlab to @KimDotcom
We can make a custom-branded MegaBox bitcoin-mining client. Your customers can earn songs with their idle computers. Emailed you

Something very interesting is about to happen  Grin

Ugh, that's such a terrible model. Already CPUs and random GPUs can't make much, and it sets people up to think Bitcoin is a thing that slows down your computer and doesn't actually get you anything valuable inside of a decade.

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July 11, 2012, 10:00:37 PM
 #48

Yeh wtf, get them to ACCEPT bitcoins as purchasing power.

What the hell is up with mining for songs. lol

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July 11, 2012, 10:01:09 PM
 #49

from @KimDotcom
Megabox is coming within the next 4-6 months. We are making good progress. This innovation is going to make a lot of people happy!
from @coinlab to @KimDotcom
We can make a custom-branded MegaBox bitcoin-mining client. Your customers can earn songs with their idle computers. Emailed you

Something very interesting is about to happen  Grin

Ugh, that's such a terrible model. Already CPUs and random GPUs can't make much, and it sets people up to think Bitcoin is a thing that slows down your computer and doesn't actually get you anything valuable inside of a decade.

Make bitcoin the next real player! What could possibly go wrong?!  Tongue

I can see lots of ways that this idea could go wrong and few that can go right.

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July 11, 2012, 10:04:56 PM
 #50

from @KimDotcom
Megabox is coming within the next 4-6 months. We are making good progress. This innovation is going to make a lot of people happy!
from @coinlab to @KimDotcom
We can make a custom-branded MegaBox bitcoin-mining client. Your customers can earn songs with their idle computers. Emailed you

Something very interesting is about to happen  Grin

Ugh, that's such a terrible model. Already CPUs and random GPUs can't make much, and it sets people up to think Bitcoin is a thing that slows down your computer and doesn't actually get you anything valuable inside of a decade.

Is that right? Using marginal amounts of power per machine, a HUGE pool of GPUs+CPUs wouldn't have any effect?
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July 11, 2012, 10:12:24 PM
 #51

Ugh, that's such a terrible model. Already CPUs and random GPUs can't make much, and it sets people up to think Bitcoin is a thing that slows down your computer and doesn't actually get you anything valuable inside of a decade.
It baffles me how they managed to score $500,000 in seed funding.

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July 11, 2012, 10:29:19 PM
 #52

Is that right? Using marginal amounts of power per machine, a HUGE pool of GPUs+CPUs wouldn't have any effect?
Not for the single persons in that pool...

Imagine 10000 users mine enough to buy ~5 songs every day - would you want to be number 10001? Roll Eyes

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July 11, 2012, 10:40:19 PM
Last edit: July 12, 2012, 01:41:45 AM by apetersson
 #53

i am also sceptical the coinlabs model will work in the light of modern FPGAs, and possibly soon ASICS.
maybe it was a good idea 6 Months ago, but the coming massive diffculty increase with reward halving makes it look like a weak model.
unless you count people overpaying by 15x with their electricity for music/games.
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July 11, 2012, 11:03:10 PM
 #54

Is that right? Using marginal amounts of power per machine, a HUGE pool of GPUs+CPUs wouldn't have any effect?
Not for the single persons in that pool...

Imagine 10000 users mine enough to buy ~5 songs every day - would you want to be number 10001? Roll Eyes

i wasn't imagining the coin being for those persons, but mined to support the development of the software.
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July 11, 2012, 11:06:18 PM
 #55

If every Wii sold had a 3.5Gh/s mining ASIC inside it that drew negligible amounts of power, the resulting network security would be absolutely immense. If Megabox could pull off something like this, it would be epic.

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July 11, 2012, 11:24:59 PM
 #56

Interesting.

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July 11, 2012, 11:43:39 PM
 #57

from @KimDotcom
Megabox is coming within the next 4-6 months. We are making good progress. This innovation is going to make a lot of people happy!
from @coinlab to @KimDotcom
We can make a custom-branded MegaBox bitcoin-mining client. Your customers can earn songs with their idle computers. Emailed you

Something very interesting is about to happen  Grin

They'd make a lot more web-mining for LTC as most people will be mining off there CPU.

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July 11, 2012, 11:55:10 PM
 #58

from @KimDotcom
Megabox is coming within the next 4-6 months. We are making good progress. This innovation is going to make a lot of people happy!
from @coinlab to @KimDotcom
We can make a custom-branded MegaBox bitcoin-mining client. Your customers can earn songs with their idle computers. Emailed you

Something very interesting is about to happen  Grin

They'd make a lot more web-mining for LTC as most people will be mining off there CPU.

Or they could mine for something actually useful, supported, and relevant like BTC.

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July 12, 2012, 12:02:06 AM
 #59

If a megabox contained an ASIC chip that could get interesting....

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July 12, 2012, 12:39:00 AM
 #60

Until bitcoin gets very big the problem is cashing it out to fiat. Thats the point of failure and as such the government can just seize it there, or tax it or whatever.

Small time, it's easy to use for whatever.

To depend on it for sizeable income or for a large business would kill you.

Nobody needs to depend on it, and this is an important point. To add Bitcoin support doesn't mean to remove other payment methods. If a company accepted BTC, then BTC got impeded in some way, then the company is no worse off than before it accepted BTC.
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July 12, 2012, 12:23:08 PM
 #61

Thread jacking: Why are paypal trying to kill themselves with dropping so many sites?

They must be aware of BTC, yet they push users towards it.

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July 12, 2012, 01:05:13 PM
 #62

Thread jacking: Why are paypal trying to kill themselves with dropping so many sites?

They must be aware of BTC, yet they push users towards it.

They are being "persuaded" by MPAA/RIAA probably.
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July 12, 2012, 01:44:56 PM
 #63

i am also sceptical the coinlabs model will work in the light of modern FPGAs, and possibly soon ASICS.
maybe it was a good idea 6 Months ago, but the coming massive diffculty increase with reward halving makes it look like a weak model.
unless you count people overpaying by 15x with their electricity for music/games.

Why do you anticipate a difficulty increase with reward halving in december ? Unless the BTC price doubles, I would anticipate the opposite, miners dropping out.
Only FPGAs and ASICS will cause a (gradual) difficulty increase but we may not see it until mid 2013.
Right now, difficulty is below were it was a year ago.

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July 12, 2012, 02:23:29 PM
 #64

Thread jacking: Why are paypal trying to kill themselves with dropping so many sites?

They must be aware of BTC, yet they push users towards it.

They are being "persuaded" by MPAA/RIAA probably.
+1

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July 12, 2012, 02:28:39 PM
 #65

Thread jacking: Why are paypal trying to kill themselves with dropping so many sites?

They must be aware of BTC, yet they push users towards it.

They are being "persuaded" by MPAA/RIAA probably.

Paypal is most definitely in bed with the MPAA/RIAA. In addition, at heart they are just another ridiculous US-based financial institution that is far far more concerned with regulations and bureaucracy than they are with satisfying their customers.
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July 12, 2012, 04:45:16 PM
 #66

Great article on Forbes
Kim Dotcom's Pretrial Legal Funds Would Be Safe With Bitcoin
https://bitcointalk.org/index.php?topic=92934.0

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July 12, 2012, 08:43:22 PM
 #67

Kim Dotcom needs ISP with big farm for his services, so the first thing that you have to do is convince an ISP that accept Bitcoin as payment.
After that Kim Dotcom will be really happy to accept Bitcoin as payment system. Convincing Kim Dotcom is the last step.

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July 12, 2012, 09:50:31 PM
 #68

From@KimDotcom  Grin
BREAKING NEWS: 30 sec of the Mr President song (iPhone recording). The Anthem of Internet Freedom - Coming soon.
http://soundcloud.com/kimdotcom/mr-president-sneak-peek

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July 12, 2012, 10:10:26 PM
 #69

Kim Dotcom needs ISP with big farm for his services, so the first thing that you have to do is convince an ISP that accept Bitcoin as payment.
After that Kim Dotcom will be really happy to accept Bitcoin as payment system. Convincing Kim Dotcom is the last step.

to solve this problem he just really needs to create a great distributed, p2p platform.
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July 13, 2012, 02:24:44 AM
 #70

Thread jacking: Why are paypal trying to kill themselves with dropping so many sites?

They must be aware of BTC, yet they push users towards it.

They are being "persuaded" by MPAA/RIAA probably.

Maybe the MPAA and RIAA are really on our side and are trying to help Bitcoin, because they have money with Pirate and want the price to skyrocket.


                            █████
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July 13, 2012, 02:59:39 AM
 #71

Thread jacking: Why are paypal trying to kill themselves with dropping so many sites?

They must be aware of BTC, yet they push users towards it.

They are being "persuaded" by MPAA/RIAA probably.

Maybe the MPAA and RIAA are really on our side and are trying to help Bitcoin, because they have money with Pirate and want the price to skyrocket.

Except the price skyrocketing is bad for pirate if I remember his posts correctly.

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July 13, 2012, 06:12:49 PM
 #72

From@KimDotcom  Grin
30 seconds of Mr President video - sneak peek. Retweet Smiley
http://twitter.com/KimDotcom/status/223806286947549184

I believe he will be definitely on the bitcoin side

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July 13, 2012, 06:21:49 PM
 #73

most of the time i would guess he is the one moving down the price.
FTFY
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July 14, 2012, 10:37:14 PM
 #74

I think this article should be here
http://torrentfreak.com/paypal-bans-major-file-hosting-services-over-piracy-concerns-120710/

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July 15, 2012, 12:07:17 AM
 #75


So if someone repeats FUD long enough it will magically turn true?
The blockchain size is only a hypothetical issue.
Even my cellphone could handle a full client for the next few years.

Back to subject, I hope the Kim realizes that when he had done MegaUpload using Bitcoins, the FBI would had a hard time freezing those.


This sort of reminds me of the guy who said that the worldwide demand for computers would be four or five, and they guy who decided that 4x10^6 IPv4 addresses should be plenty.  The chief difference is that the guys who made these two mistakes give every indication of having been clever people who understood the technology and the market space.

But thanks for reminding me that I would prefer that I would like my store of wealth to be more reliable than my cell phone service so my speculative bet is in Bitcoin and my nest egg is something else.

And I suspect that Mr Dotcom will have as little trouble as almost anyone at assessing the pros, cons, possible risks, and likely rewards of adopting Bitcoin.  But it won't hurt to bless him with your wisdom I suppose.  Maybe he'll caught up a consultant's fee out of thankfulness...but don't hold your breath.


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July 15, 2012, 05:49:29 AM
 #76


This sort of reminds me of the guy who said that the worldwide demand for computers would be four or five, and they guy who decided that 4x10^6 IPv4 addresses should be plenty.  The chief difference is that the guys who made these two mistakes give every indication of having been clever people who understood the technology and the market space.

There are enough. More than enough, even with rich companies hogging entire address ranges with their class A networks. It's called NAT.

So anyway, I've read through this and the articles online and it seems he is completely ignoring the bitcoin suggestions and everyone is ignoring that he is ignoring them. I don't use twitter though. Thoughts on this?

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July 15, 2012, 07:26:04 AM
 #77

No one has invited him by twitter to join this thread?

Could be interesting

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July 15, 2012, 12:13:33 PM
 #78

he's probably butthurt about bitcoin because one million people asked him 'hey why didn't you use bitcoin?? you would still have all your money!'
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July 15, 2012, 12:21:49 PM
 #79


This sort of reminds me of the guy who said that the worldwide demand for computers would be four or five, and they guy who decided that 4x10^6 IPv4 addresses should be plenty.  The chief difference is that the guys who made these two mistakes give every indication of having been clever people who understood the technology and the market space.

There are enough. More than enough, even with rich companies hogging entire address ranges with their class A networks. It's called NAT.

So anyway, I've read through this and the articles online and it seems he is completely ignoring the bitcoin suggestions and everyone is ignoring that he is ignoring them. I don't use twitter though. Thoughts on this?

I just figured he was the average twitter user: just scream endless into the void and hope someone cares....without actually caring what others on twitter say Cheesy

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July 15, 2012, 12:50:20 PM
Last edit: July 15, 2012, 01:06:51 PM by psy
 #80

So anyway, I've read through this and the articles online and it seems he is completely ignoring the bitcoin suggestions and everyone is ignoring that he is ignoring them. I don't use twitter though. Thoughts on this?


How can he be ignoring those suggestons if he is retweeting them? Huh
Have you seen him retweet any other payment provider suggestion besides Bitcoin?
He also retweeted Matonis article on Forbes. https://twitter.com/ForbesTech/status/223409880755740672
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July 15, 2012, 12:54:42 PM
 #81

When it comes down to it bitcoin is the only choice that he can use that a government somewhere cant seize so it should be really attractive to him. If he supports it I will be so buying a megabox.

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July 15, 2012, 12:56:41 PM
 #82

How can he be ignoring those suggestons if he is retweeting them? Huh
Have you seen him retweet any other payment provider suggestion besides Bitcoin?
He also retweeted Matonis article on Forbes. https://twitter.com/ForbesTech/status/223409880755740672

I was trying to make more of a joke commenting on my opinion of twitter than anything  Grin

But if he is actually seeming interested, all the better.

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July 15, 2012, 01:05:47 PM
 #83

How can he be ignoring those suggestons if he is retweeting them? Huh
Have you seen him retweet any other payment provider suggestion besides Bitcoin?
He also retweeted Matonis article on Forbes. https://twitter.com/ForbesTech/status/223409880755740672

I was trying to make more of a joke commenting on my opinion of twitter than anything  Grin

But if he is actually seeming interested, all the better.

My reply was more to the poster you were replying to than to you, sorry about the confusion.
Edited my post for clarity.
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July 15, 2012, 08:22:37 PM
 #84

So anyway, I've read through this and the articles online and it seems he is completely ignoring the bitcoin suggestions and everyone is ignoring that he is ignoring them. I don't use twitter though. Thoughts on this?


How can he be ignoring those suggestons if he is retweeting them? Huh
Have you seen him retweet any other payment provider suggestion besides Bitcoin?
He also retweeted Matonis article on Forbes. https://twitter.com/ForbesTech/status/223409880755740672

I thought that was forbes, some business news site, not him. Are you saying he owns forbes? I don't see the part from your link where it is him retweeting it.

As I said, I don't use twitter so I haven't seen any tweets. But I have seen the forbes article that was tweeted there.

My basis for what I am saying comes mainly from this thread, where I have seen no one say anything like:

"he's tweeted his interest in bitcoin"
"he's tweeted that bitcoin could be an option and has asked for more suggestions"
"he's decided to use bitcoin"

stuff like that.

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July 15, 2012, 08:37:06 PM
 #85


This sort of reminds me of the guy who said that the worldwide demand for computers would be four or five, and they guy who decided that 4x10^6 IPv4 addresses should be plenty. ...

There are enough. More than enough, even with rich companies hogging entire address ranges with their class A networks. It's called NAT.

...

NAT is the answer to limited IPv4 addresses in a similar way to buses being an answer to not enough automobiles.  Buses work fairly well, reduce the pain of lack of transportation, and have some advantageous side effects, but at the end of the day there are some significant annoyances, complications, and lack of flexibility.  In network-land these are particularly noticeable today's (hopefully more) p2p-centric environments.  Ah well...after several decades IPv6 seems to be gaining some traction.


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July 15, 2012, 08:59:49 PM
 #86

So anyway, I've read through this and the articles online and it seems he is completely ignoring the bitcoin suggestions and everyone is ignoring that he is ignoring them. I don't use twitter though. Thoughts on this?


How can he be ignoring those suggestons if he is retweeting them? Huh
Have you seen him retweet any other payment provider suggestion besides Bitcoin?
He also retweeted Matonis article on Forbes. https://twitter.com/ForbesTech/status/223409880755740672

I thought that was forbes, some business news site, not him. Are you saying he owns forbes? I don't see the part from your link where it is him retweeting it.

As I said, I don't use twitter so I haven't seen any tweets. But I have seen the forbes article that was tweeted there.

My basis for what I am saying comes mainly from this thread, where I have seen no one say anything like:

"he's tweeted his interest in bitcoin"
"he's tweeted that bitcoin could be an option and has asked for more suggestions"
"he's decided to use bitcoin"

stuff like that.

Press the link that says "27 Retweets" and you'll see him listed there. It's also on his Twitter timeline.
You wanted him to take a picture of him jumping and saying "yupiee, bitcoin"?

If he decides to use Bitcoin he better keep it for himself. You'll know when he launches his site.
If he really thinks Bitcoin is an option I'm sure Twitter won't be the place where he'll do his reasearch.

Resuming, you're just talking out of your ass.
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July 16, 2012, 04:18:51 AM
 #87


Press the link that says "27 Retweets" and you'll see him listed there. It's also on his Twitter timeline.
You wanted him to take a picture of him jumping and saying "yupiee, bitcoin"?

If he decides to use Bitcoin he better keep it for himself. You'll know when he launches his site.
If he really thinks Bitcoin is an option I'm sure Twitter won't be the place where he'll do his reasearch.

Resuming, you're just talking out of your ass.

No need to insult me. I'm not talking out of my ass. I am talking as someone who doesn't use twitter. I sincerely apologize if I have offended or annoyed you or somehow seemed argumentative. My only intention was to convey my own understanding and ask for clarification. Can we please be civilized here?

Anyway, I don't see a link that says "27 retweets" (even ctrl+f on the page). I assume it's because I don't have a twitter account so probably getting a different kind of page. It's good news he's retweeting then Smiley

NAT is the answer to limited IPv4 addresses in a similar way to buses being an answer to not enough automobiles.  Buses work fairly well, reduce the pain of lack of transportation, and have some advantageous side effects, but at the end of the day there are some significant annoyances, complications, and lack of flexibility.  In network-land these are particularly noticeable today's (hopefully more) p2p-centric environments.  Ah well...after several decades IPv6 seems to be gaining some traction.

I'd love a debate Smiley but probably don't want to change the topic of this forum. If you want to continue, feel free to pm me. Metaphors are unnecessary (as I am a network engineering student) and I usually find them confusing and distracting. Not to mention the holes in your metaphor.

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July 16, 2012, 04:31:53 AM
 #88


NAT is the answer to limited IPv4 addresses in a similar way to buses being an answer to not enough automobiles.  Buses work fairly well, reduce the pain of lack of transportation, and have some advantageous side effects, but at the end of the day there are some significant annoyances, complications, and lack of flexibility.  In network-land these are particularly noticeable today's (hopefully more) p2p-centric environments.  Ah well...after several decades IPv6 seems to be gaining some traction.

I'd love a debate Smiley but probably don't want to change the topic of this forum. If you want to continue, feel free to pm me. Metaphors are unnecessary (as I am a network engineering student) and I usually find them confusing and distracting. Not to mention the holes in your metaphor.

I'm not a network engineer, but I play one at work.  Most people can figure out how to skim the stuff which doesn't interest them.  Go.


sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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July 16, 2012, 04:46:16 AM
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Press the link that says "27 Retweets" and you'll see him listed there. It's also on his Twitter timeline.
You wanted him to take a picture of him jumping and saying "yupiee, bitcoin"?

If he decides to use Bitcoin he better keep it for himself. You'll know when he launches his site.
If he really thinks Bitcoin is an option I'm sure Twitter won't be the place where he'll do his reasearch.

Resuming, you're just talking out of your ass.

No need to insult me. I'm not talking out of my ass. I am talking as someone who doesn't use twitter. I sincerely apologize if I have offended or annoyed you or somehow seemed argumentative. My only intention was to convey my own understanding and ask for clarification. Can we please be civilized here?

Anyway, I don't see a link that says "27 retweets" (even ctrl+f on the page). I assume it's because I don't have a twitter account so probably getting a different kind of page. It's good news he's retweeting then Smiley

NAT is the answer to limited IPv4 addresses in a similar way to buses being an answer to not enough automobiles.  Buses work fairly well, reduce the pain of lack of transportation, and have some advantageous side effects, but at the end of the day there are some significant annoyances, complications, and lack of flexibility.  In network-land these are particularly noticeable today's (hopefully more) p2p-centric environments.  Ah well...after several decades IPv6 seems to be gaining some traction.

I'd love a debate Smiley but probably don't want to change the topic of this forum. If you want to continue, feel free to pm me. Metaphors are unnecessary (as I am a network engineering student) and I usually find them confusing and distracting. Not to mention the holes in your metaphor.

thats new to me... can i play one?
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July 16, 2012, 10:26:18 AM
 #90

The above comments confuse me. Did I miss something? Anyway, you obviously know a lot from work and I'd probably learn something from a debate with you.

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July 16, 2012, 11:34:20 AM
 #91

There are enough. More than enough, even with rich companies hogging entire address ranges with their class A networks. It's called NAT.

http://blog.zorinaq.com/?e=48
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July 20, 2012, 07:53:45 PM
 #92

From@KimDotcom  Grin
Hi @BarackObama, here is a song for you #MrPresident. Regards, The Internet.
http://www.youtube.com/watch?v=MokNvbiRqCM&feature=player_embedded
http://kim.com/

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July 20, 2012, 09:33:28 PM
 #93

wow he wants to save the world.  Shocked

and no mention of bitcoin still  Angry

https://localbitcoins.com/?ch=80k | BTC: 1LJvmd1iLi199eY7EVKtNQRW3LqZi8ZmmB
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July 20, 2012, 09:51:24 PM
 #94

I must say I hate the song. The lyrics are weak, the music is lame, the FX are just plain annoying, and it's just generally terrible. But if that's what it takes....  I won't stand in the way.

Mining Rig Extraordinaire - the Trenton BPX6806 18-slot PCIe backplane [PICS] Dead project is dead, all hail the coming of the mighty ASIC!
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August 03, 2012, 04:49:27 PM
 #95

he is active on Facebook ,let's be his friend and teach him about BTC  Grin
https://www.facebook.com/MegaKimDotcom

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August 03, 2012, 04:57:29 PM
 #96

he is active on Facebook ,let's be his friend and teach him about BTC  Grin
https://www.facebook.com/MegaKimDotcom

I think that's a fake profile... Roll Eyes
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August 03, 2012, 06:16:30 PM
 #97

info is from his twitter status,but who knows !!!
http://twitter.com/KimDotcom/status/231072514598662144

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August 03, 2012, 06:19:15 PM
 #98

info is from his twitter status,but who knows !!!
http://twitter.com/KimDotcom/status/231072514598662144

Then it's probably real Tongue
Looks so empty, besides wall comments from people who friended him lol
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August 28, 2012, 06:00:38 PM
 #99

KimDotcom looking Developers
http://twitter.com/KimDotcom
Quote
Developers of up/download & file managers, email & fax tools, VOIP & video apps please email twitter@kim.com for early API access.

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August 28, 2012, 06:10:19 PM
 #100

Excluding those that live/work/host in the USA...

https://torrentfreak.com/new-megaupload-will-be-massive-global-network-to-change-the-world-120828/


KimDotcom looking Developers
http://twitter.com/KimDotcom
Quote
Developers of up/download & file managers, email & fax tools, VOIP & video apps please email twitter@kim.com for early API access.

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August 28, 2012, 06:37:18 PM
 #101

Go Kim, go!

His Facebook account:
Quote
Damn, I reached the friends limit on Facebook. Checkout my public figure profile instead & subscribe for latest: https://www.facebook.com/MrKimDotcom

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August 29, 2012, 06:51:46 PM
 #102

I wonder how many e-mails he has received in the past month, hah.

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August 29, 2012, 06:58:10 PM
 #103

Probably over 9000

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September 03, 2012, 01:53:16 PM
 #104

funny connection from bitcoin to Kim:

https://twitter.com/KimDotcom/following

Kim follows two people, one is TPOTUSOA and the other is Max Keiser..
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September 03, 2012, 03:30:58 PM
 #105

yah it seems he will be on Keiser's show

https://localbitcoins.com/?ch=80k | BTC: 1LJvmd1iLi199eY7EVKtNQRW3LqZi8ZmmB
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October 19, 2012, 09:35:48 PM
 #106

He likes encryption  Grin
http://www.wired.com/threatlevel/2012/10/megaupload-mega/
Quote
Dotcom, and his Mega partner Mathias Ortmann say the difference is that now those files will first be one-click-encrypted right in a client’s browser, using the so-called Advanced Encryption Standard algorithm. The user is then provided with a second unique key for that file’s decryption.

Quote
Dotcom says that according to his legal experts, the only way to stop such a service from existing is to make encryption itself illegal. “And according to the U.N. Charter for Human Rights, privacy is a basic human right,” Dotcom explains. “You have the right to protect your private information and communication against spying.”

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October 19, 2012, 10:01:23 PM
 #107

yah it seems he will be on Keiser's show
What? When?
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