Kim Dotcom looking for suggestions on payments

[Ferroh]

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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[Tuxavant]

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.

[aq]

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 
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

[kangasbros]

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.

[mccorvic]

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 
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

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.  

[fornit]

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.

[DeathAndTaxes]

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. 

[aq]

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 
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

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.

[flower1024]

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

[Piper67]

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.

[mccorvic]

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.

[Clipse]

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.

[mccorvic]

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.

Good point 

[unclemantis]

BTCUMP!

[Ocean6]

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.

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.........

 

[nedbert9]

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.

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.........

 

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.

[Fjordbit]

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.

[Clipse]

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.

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.........

 

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

[Aseras]

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.

[Realpra]

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.