Kim Dotcom : " Let's give Bitcoin a boost "

[Madness]

Some people are saying he is broke on this thread .
and when we say a Millionare is broke , what do we mean exactly by that ? curious

~ Madness

[enryk]

Just saw his recent tweet
"My #Bitcoin tweets yesterday might have caused a rise in Bitcoin market cap of USD 3.7 billion. Oops :-)"

and a great article to follow up on it : http://www.ibtimes.co.uk/cryptocurrency-round-kim-dotcom-gives-bitcoin-boost-boe-researches-digital-currency-1489823

[DGulari]

Shitty movies are killing the movie industry, not filesharing, it's something that the entertainment business doesn't like to admit so they find a scapegoat.

They can only make shitty movies because they have far less to pay movie makers due to the fact that nobody pays for movies any longer.  Same thing happened to the music industry.  Music production is shit now.  It used to be fantastic because it made a ton of money.

He's certainly an opportunist but he is very clever marketing guy and knows how to make steal millions. If he brings millions to Bitcoin then so be it.

"I don't care how dirty the money is, bring it to Bitcoin!".  Great idea numbnuts.  Bitcoin needs additional legitimacy not more fucking criminals.  

[Denker]

Is this the reason bitcoin rise more than $10 in a days?

I doubt that. But of course Kim Schmitz would like to be the reason for it. He is extremely self-centered and thinks he is the greatest.
Check out his past life and you will know what I mean.

With all the money hes got he can get Bitcoin to 300 easily..

In his actual  financial situation I highly doubt that!!
The pump started hours before his announcement by the way!

[mishax1]

Is this the reason bitcoin rise more than $10 in a days?

I doubt that. But of course Kim Schmitz would like to be the reason for it. He is extremely self-centered and thinks he is the greatest.
Check out his past life and you will know what I mean.

With all the money hes got he can get Bitcoin to 300 easily..

In his actual  financial situation I highly doubt that!!
The pump started hours before his announcement by the way!

No it didn't, the buy order happened exactly at the time of his post.

[tss]

Is this the reason bitcoin rise more than $10 in a days?

I doubt that. But of course Kim Schmitz would like to be the reason for it. He is extremely self-centered and thinks he is the greatest.
Check out his past life and you will know what I mean.

With all the money hes got he can get Bitcoin to 300 easily..

In his actual  financial situation I highly doubt that!!
The pump started hours before his announcement by the way!

No it didn't, the buy order happened exactly at the time of his post.

yes let him pump it to $300 and we can all finally dump it on him.

[Cryptowatch.com]

Without making a stance as to the legality of Mega and Kim DotCom:

- This case clearly illustrates the need for bitcoin.

The very fact that a 3rd party can block your business for the fact that they don't like you, or the fact that they're pressured by some govt. thugs is wrong.

It is VERY wrong that payments could be stopped this abruptly, as it can be quite devastating for the company in question.

It goes to show that if you do anything that the powers that be don't like, they will shut down your revenue stream, and they might also confiscate your bank accounts.

That is wrong on so many levels.

VISA and Paypal are only concerned with covering their own back, so no matter how much Mega made for them, they will happily show him the door if required for business reasons. Otherwise, they're putting their own head under the axe, and they're not interested in that, as we've clearly seen also in the past. They're only concerned with profit, not ethics.

However, this will bring trouble to Mega. No matter how we twist and turn it, most folks are not yet "bitcoin enabled". Forcing everyone to use bitcoin for Mega, might drive up usage of bitcoin and be a postive thing short term for bitcoin, however it's also likely that many customers will leave and go to other services were they still can use Paypal and VISA. Mega would need to implement bitcoin payments inhouse, as any payment processor that does bitcoin payments would immediately be under pressure if they went into a collaboration. Coinlab and Circle would also be on their toes, monitoring transactions to check whether customers use Mega and other "questionable" services. They would do this to protect their own back from the state thugs.

The only long term solution is to leave the fiat system entirely. Then there will be no need to be a customer of a draconical company that checks your every move. Did anyone ever have a bank employee walking after them checking what they use the cash for after withdrawing it from the ATM? How ridiculous would that not be?

Considering Mega does adopt bitcoin and customers stay on the ship, we would see a substantional increase in bitcoin transactions. If Mega wants to stay in business, crypto might be their only resort.

As the corporate and govt. thugs realize that they're starting to lose their power to control others by cutting their life lines, humans on this planet will be more liberated.

[nsimmons]

Shitty movies are killing the movie industry, not filesharing, it's something that the entertainment business doesn't like to admit so they find a scapegoat.

They can only make shitty movies because they have far less to pay movie makers due to the fact that nobody pays for movies any longer.  Same thing happened to the music industry.  Music production is shit now.  It used to be fantastic because it made a ton of money.

He's certainly an opportunist but he is very clever marketing guy and knows how to make steal millions. If he brings millions to Bitcoin then so be it.

"I don't care how dirty the money is, bring it to Bitcoin!".  Great idea numbnuts.  Bitcoin needs additional legitimacy not more fucking criminals.  

http://en.wikipedia.org/wiki/Home_Taping_Is_Killing_Music



Didn't you guys know these industries all died in the 80's?

[cryptillian]

  fuck yeah dead kennedys!

[Lethn]

Shitty movies are killing the movie industry, not filesharing, it's something that the entertainment business doesn't like to admit so they find a scapegoat.

They can only make shitty movies because they have far less to pay movie makers due to the fact that nobody pays for movies any longer.  Same thing happened to the music industry.  Music production is shit now.  It used to be fantastic because it made a ton of money.

He's certainly an opportunist but he is very clever marketing guy and knows how to make steal millions. If he brings millions to Bitcoin then so be it.

"I don't care how dirty the money is, bring it to Bitcoin!".  Great idea numbnuts.  Bitcoin needs additional legitimacy not more fucking criminals.  

You keep telling yourself that especially when the movie industry easily rakes in millions every time a blockbuster release comes out.

[redsn0w]

Imagine if Kim comes with something revolutionary like Megaupload and works with bitcoin ,then it will give it a major boost

Do you mean store file on the blockchain? It will be very impossible to do this thing. Maybe they will start only to accept bitcoin "massively".

[Sheldor333]

It's good that Bitcoin will be used to pay for MEGA, still did he use it before as well, or is he using it just now when other options are blocked for him.

[Spamela Anderson]

Some people are saying he is broke on this thread .
and when we say a Millionare is broke , what do we mean exactly by that ? curious

~ Madness

I'm not sure if he's broke broke but might not have much liquid cash since I think the US seized his bank accounts and many assests. Not sure if he got them back or not but I still reckon he's doing alright financially.

[mishax1]

Some people are saying he is broke on this thread .
and when we say a Millionare is broke , what do we mean exactly by that ? curious

~ Madness

I'm not sure if he's broke broke but might not have much liquid cash since I think the US seized his bank accounts and many assests. Not sure if he got them back or not but I still reckon he's doing alright financially.

How can the US seize his New Zealand bank account ?

[randy8777]

i thought bitcoiners actually liked Kim, not sure why there is so much hate towards him for offering file sharing service.
no one can stop piracy. people will always look for free stuff.

[bitcoin4eva]

Some people are saying he is broke on this thread .
and when we say a Millionare is broke , what do we mean exactly by that ? curious

~ Madness

I'm not sure if he's broke broke but might not have much liquid cash since I think the US seized his bank accounts and many assests. Not sure if he got them back or not but I still reckon he's doing alright financially.

How can the US seize his New Zealand bank account ?

If NZ and US have some kind of agreement on handing out criminals/permission to seize their stuff. That's how.

[bitcoin4eva]

i thought bitcoiners actually liked Kim, not sure why there is so much hate towards him for offering file sharing service.
no one can stop piracy. people will always look for free stuff.

I have to agree with you. I'm not 100% familiar with the case but if he did not publicly support piracy, running a file sharing service should not have been illegal.

[Icardi09]

Great news, MEGA is one the biggest player in file hosting world
accepting bitcoin is wise move from them

[rszibele]

Kim DotCom is a disgusting bloated fat pig.  He peddles in illegal stolen wares.  He profits from the illicit use of other people's creations.  Most around here don't like copyright, but it remains legitimate law.  Nerds love 'free' movies, but it is killing the people who produce movies just like the music industry.

Do we really need to have bitcoin involved in more criminal uses?  Do we really want to associate bitcoin as this go to tool for assholes who want to steal?  

Bitcoin will be great as soon as we get rid of the anarchy assholes think its primary use is to traverse the law.


Kim Schmitz is merely a dirty filthbag.  I don't accept him as an ambassador for Bitcoin.

You are ignoring the fact that Megaupload gave entertainment companies direct access to Megaupload's servers, allowing copyright owners to delete infringing content themselves. Megaupload also deleted content if you filed a DMCA complaint, so your arguments are completely baseless and your name-calling is also not appropriate.

[calme]

Non-U.S. countries tend to follow the will of the banking cartel-controlled U.S. gov't. U.S. is the one with the advanced military.
It's great to be a U.S. American if you're an overlord. It's not set up for "normal" ppl though. Small countries are better for that.