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

calci

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Quote from: justusranvier on March 01, 2015, 04:13:29 PM

Quote from: moriartybitcoin on March 01, 2015, 04:01:45 PM

KimDotCom's advocacy of Bitcoin is likely to bump the price quite a bit. he's a huge player with a solid service and massive userbase!

The degree to which Mega bumps the exchange rate of Bitcoin in the long term will depend on what fraction of his profits he retains as BTC.

True, but he wouldn't be banking on the fact that his tweet will actually cause a pump in the price.

inBitweTrust

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Quote from: justusranvier on March 01, 2015, 04:13:29 PM

Quote from: moriartybitcoin on March 01, 2015, 04:01:45 PM

KimDotCom's advocacy of Bitcoin is likely to bump the price quite a bit. he's a huge player with a solid service and massive userbase!

The degree to which Mega bumps the exchange rate of Bitcoin in the long term will depend on what fraction of his profits he retains as BTC.

After having all his assets seized and his merchant processing suspended I would expect him to start retaining a good percentage of his savings in bitcoin... but that may take a while because he says he is broke after transferring his remaining assets to family members :

http://arstechnica.com/tech-policy/2014/11/kim-dotcom-im-officially-broke-after-transferring-remaining-assets/

justusranvier

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Quote from: moriartybitcoin on March 01, 2015, 04:01:45 PM

KimDotCom's advocacy of Bitcoin is likely to bump the price quite a bit. he's a huge player with a solid service and massive userbase!

The degree to which Mega bumps the exchange rate of Bitcoin in the long term will depend on what fraction of his profits he retains as BTC.

moriartybitcoin

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KimDotCom's advocacy of Bitcoin is likely to bump the price quite a bit. he's a huge player with a solid service and massive userbase!

tss

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Quote from: rszibele on March 01, 2015, 07:21:53 AM

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.

although that is true it was a drop in the bucket and the same files on megauplad existed with multiple links to them. dmca complaints only removed these links to the files NOT the actual files themselves. mega upload core business model was megavideo and piracy. there are many companies to this day that run the same model.

Quote from: randy8777 on March 01, 2015, 07:15:27 AM

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.

MEGAUPLOAD was about PIRACY. MEGA.CO.NZ is about PRIVACY!

rszibele

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Quote from: Brooker on March 01, 2015, 07:56:19 AM

Quote from: rszibele on March 01, 2015, 07:21:53 AM

Quote from: DGulari on February 27, 2015, 11:09:51 AM

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.

Do you have a solid source for this? I find it hard to believe they gave companies direct access though I'm sure they complied with DMCA notcies as would most file hosting sites.

I've read it on an article about a year or two ago, but Kim Dotcom also created a whitepaper in which he states:

http://kim.com/whitepaper.pdf
Page 4, Last paragraph:

Quote

While Megaupload systematically responded to countless DMCA take-down notices, it went even
further to guard against copyright violations. It voluntarily gave major copyright holders direct
access to its servers to remove links they considered to be infringing – without any oversight by
Megaupload – and without requiring them to follow statutory take-down notice procedures.

My previous post is incorrect though, they gave direct access to delete links, but not data. I presume this is the reason that they lost the court case, as the DMCA actually requires you do delete the data, not just block access to it.

centauribit

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I wish I had more money to spend on BTC ,Get the champagne ready!!

Brooker

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Quote from: rszibele on March 01, 2015, 07:21:53 AM

Quote from: DGulari on February 27, 2015, 11:09:51 AM

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.

Do you have a solid source for this? I find it hard to believe they gave companies direct access though I'm sure they complied with DMCA notcies as would most file hosting sites.

Icardi09

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Quote from: randy8777 link=topic=970897.ink al#msg10619298 date=1425208527

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 think almost all of file hosting service contains piracy stuff
too bad that megaupload seized by FBI years ago
even though many people hate him because he owned file sharing service, i think there are more people loved him because his service give them a chance to have piracy stuff Tongue

calme

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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.

rszibele

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Quote from: DGulari on February 27, 2015, 11:09:51 AM

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.

Icardi09

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

bitcoin4eva

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Quote from: randy8777 on March 01, 2015, 07:15:27 AM

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.

bitcoin4eva

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Quote from: mishax1 on March 01, 2015, 06:59:53 AM

Quote from: Spamela Anderson on March 01, 2015, 06:58:03 AM

Quote from: Madness on February 28, 2015, 12:08:11 PM

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 Shocked

~ 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.

randy8777

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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.

mishax1

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Quote from: Spamela Anderson on March 01, 2015, 06:58:03 AM

Quote from: Madness on February 28, 2015, 12:08:11 PM

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 Shocked

~ 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 ?

Spamela Anderson

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Quote from: Madness on February 28, 2015, 12:08:11 PM

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 Shocked

~ 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.

Sheldor333

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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.

redsn0w

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#Free market

Quote from: ?? on ??

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".

Lethn

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Quote from: DGulari on February 28, 2015, 08:06:37 PM

Quote from: Lethn on February 28, 2015, 11:07:44 AM

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.

Quote from: AtheistAKASaneBrain on February 28, 2015, 11:55:16 AM

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 Wink

especially when the movie industry easily rakes in millions every time a blockbuster release comes out.

Topic: Kim Dotcom : " Let's give Bitcoin a boost " (Read 4957 times)