Topic: Hackers steal Kim Dotcom's me.ga-domain and asks for Bitcoin! (Read 2959 times)

Interesting.  

I can't decide if this is good or bad for Bitcoin because on one hand he is definitely getting introduced to the power of Bitcoin but on the other hand this power is used to oppress him, something I am strictly opposed and I also think he can't like it all too much, which might make him hate Bitcoin.

Heh.. hackers, as per usual, pissing against the wind I guess.

The hackers wasted their time, the .ga domain holders Gabon are refusing to host his site anyway.

What the hell is Megabox right? Good question. It was set to be a digital music store that was going to be entirely cloud based (don’t really know what that means but it sounds technical and cool) and would offer the artist a better deal than any other similar DIY distribution store or record deal. Even a MAJOR label deal, as Megabox was looking to pay the artist up to 90% of their earnings. To put this in context with other record deals  - and critically how much the labels and suits would be losing if Megabox got off the blocks – a typical record label would give the artist around 5% of the profits if they were lucky. That’s A LOT of potential lost revenue if Megabox got set up.

On top of this, Megabox also sought to pay the artist for any music that was downloaded for free. Kim ‘Dotcom’ Schmitz explains: ‘We have a solution called the Megakey that will allow artists to earn income from users who download music for free. Yes that’s right, we will pay artists even for free downloads. The Megakey business model has been tested with over a million users and it works.’

So essentially, assuming all this was true, Megabox could have put all record labels out of business. They already apparently had several deals with big (unnamed) name artists ready to announce over 2012 because many of these artists were ‘fed up with outdated business models’ that they felt exploited their talent.

R.I.P. Megaupload: The Truth

can somebody explain what hackers have against Dotcom?

yeah, hes trying to profit off artists, but by making their music legally free

i always saw Dotcom as a 400 pound pirate who provided free online storage.. lemme know what im missing

So all I need to do these days to become the Hacker is register a domain name? Do I understand it correctly?

Mother Theresa was an evil, sadistic opportunist.

If Dotcom is merely a greedy meglomaniac he's already better than her.

I rather think he is doing it for both, otherwise why would people pay him money when they're not forced to?

Im just sayin he's not Mother Theresa as some see him.

Profits are good, but saying that "he might be able to do some good things with me.ga" is naive. Hes doing it for money, not to do good things. He's not Mother Theresa.

Profits are bad, mmmkay?

And the people lining up to purchase his services would have no benefit, huh?