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Topic: 2012-07-12 forbes.com - Kim Dotcom's Pretrial Legal Funds Would Be Safe With Bit - page 2. (Read 2511 times)

legendary
Activity: 2282
Merit: 1050
Monero Core Team
There is one small detail. The article mentions:
Quote
... The U.S. Department of Justice has already seized $67 million. ...
and the market cap of bitcoin is just under $70 million. For bitcoin to work in Kim Dotcom's case one needs a bitcoin market cap more in the range of say USD 70 billion and a corresponding price for 1 BTC of say USD 7200 at least.
legendary
Activity: 2198
Merit: 1311
This is all getting very interesting.
hero member
Activity: 743
Merit: 500
http://www.forbes.com/sites/jonmatonis/2012/07/12/kim-dotcoms-pretrial-legal-funds-would-be-safe-with-bitcoin/
Quote
However, there are two unique aspects of the bitcoin cryptocurrency for Kim Dotcom to consider — an online payment method for customers and a reliable storage facility for his company’s monetary assets.
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