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Topic: Kim Dotcom Mansion: Press conference 2013-01-19 GMT - page 10. (Read 20494 times)

legendary
Activity: 1386
Merit: 1004
Theoretically, if Kim could get suppliers of hosting and bandwidth to take bitcoins, he wouldn't have to cash out anything. Incidentally, this is how the system will work when we grow past the edge-exchanges being relevant.

Reasonable though hosting costs should not be too big of a part of his budget.
legendary
Activity: 2408
Merit: 1121
Theoretically, if Kim could get suppliers of hosting and bandwidth to take bitcoins, he wouldn't have to cash out anything. Incidentally, this is how the system will work when we grow past the edge-exchanges being relevant.
sr. member
Activity: 434
Merit: 250
The problem with taking in as much revenue as he would through Bitcoin is cashing it out. Totally impossible today, even if you utilized all the on and off-exchange markets...including Coinabul.

I don't think that's an accurate assumption. You forget that with the increased demand in order to pay for his service there would likely be an increased volume of trading..

Right, but it would take some time to acclimate to cashing out such huge amounts. People already have issues with Mt.Gox paying them in a reasonable amount of time...
legendary
Activity: 1022
Merit: 1000
I will be attending the conference with several staff, We are also considering putting in a few nodes to contribute towards such an interesting project.

Quantum Kiwi - CEO - Logan

YAY!! Where can I follow you??
Have you got some twitter, facebook, etc. account?

Im excited Grin
No Spekulatius, you just want to speculate Smiley

http://kim.com/mega/press/

22 hours left.

Ha, we have the next Nathan Mayer Rothschild in our midst  Cheesy

Quote
To the Rothschilds, [England's] chief financial agents, Waterloo brought a many million pound scoop.
... a Rothschild agent ... jumped into a boat at Ostend ... Nathan Rothschild ... let his eye fly over the lead paragraphs. A moment later he was on his way to London (beating Wellington's envoy by many hours) to tell the government that Napoleon had been crushed: but his news was not believed, because the government had just heard of the English defeat at Quatre Bras. Then he proceeded to the Stock Exchange.
Another man in his position would have sunk his work into consols (bank annuities), already weak because of Quatre Bras. But this was Nathan Rothschild. He leaned against "his" pillar. He did not invest. He sold. He dumped consols.
...Consols dropped still more. "Rothschild knows," the whisper rippled through the 'Change. "Waterloo is lost."
Nathan kept on selling ... consols plummeted—until, a split second before it was too late, Nathan suddenly bought a giant parcel for a song. Moments afterwards the great news broke, to send consols soaring.
We cannot guess the number of hopes and savings wiped out by this engineered panic.

And I tell you right now: BITCOIN IS DOOMED TO FAIL!

Care to sell those worthless coins for some shiny consols? I make a good price Wink
hero member
Activity: 531
Merit: 501
I will be attending the conference with several staff, We are also considering putting in a few nodes to contribute towards such an interesting project.

Quantum Kiwi - CEO - Logan

YAY!! Where can I follow you??
Have you got some twitter, facebook, etc. account?

Im excited Grin
No Spekulatius, you just want to speculate Smiley

http://kim.com/mega/press/

22 hours left.

Ha, we have the next Nathan Mayer Rothschild in our midst  Cheesy

Quote
To the Rothschilds, [England's] chief financial agents, Waterloo brought a many million pound scoop.
... a Rothschild agent ... jumped into a boat at Ostend ... Nathan Rothschild ... let his eye fly over the lead paragraphs. A moment later he was on his way to London (beating Wellington's envoy by many hours) to tell the government that Napoleon had been crushed: but his news was not believed, because the government had just heard of the English defeat at Quatre Bras. Then he proceeded to the Stock Exchange.
Another man in his position would have sunk his work into consols (bank annuities), already weak because of Quatre Bras. But this was Nathan Rothschild. He leaned against "his" pillar. He did not invest. He sold. He dumped consols.
...Consols dropped still more. "Rothschild knows," the whisper rippled through the 'Change. "Waterloo is lost."
Nathan kept on selling ... consols plummeted—until, a split second before it was too late, Nathan suddenly bought a giant parcel for a song. Moments afterwards the great news broke, to send consols soaring.
We cannot guess the number of hopes and savings wiped out by this engineered panic.
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
Mega advance viewing has pricing for extras in Euros  Angry

Mega;s not gonna be doing bitcoins I don't think, unless he hooks up with BitPay or etc later on maybe?
legendary
Activity: 1176
Merit: 1001
I will be attending the conference with several staff, We are also considering putting in a few nodes to contribute towards such an interesting project.

Quantum Kiwi - CEO - Logan

YAY!! Where can I follow you??
Have you got some twitter, facebook, etc. account?

Im excited Grin
No Spekulatius, you just want to speculate Smiley

http://kim.com/mega/press/

22 hours left.
legendary
Activity: 1022
Merit: 1000
I will be attending the conference with several staff, We are also considering putting in a few nodes to contribute towards such an interesting project.

Quantum Kiwi - CEO - Logan

YAY!! Where can I follow you??
Have you got some twitter, facebook, etc. account?

Im excited Grin
legendary
Activity: 1078
Merit: 1003
I will be attending the conference with several staff, We are also considering putting in a few nodes to contribute towards such an interesting project.

Quantum Kiwi - CEO - Logan

Awesome, can't wait to hear what his answer will be if you get the chance to ask him about Bitcoin. Good luck!
sr. member
Activity: 322
Merit: 250
I will be attending the conference with several staff, We are also considering putting in a few nodes to contribute towards such an interesting project.

Quantum Kiwi - CEO - Logan
legendary
Activity: 1022
Merit: 1000
legendary
Activity: 1078
Merit: 1003
The problem with taking in as much revenue as he would through Bitcoin is cashing it out. Totally impossible today, even if you utilized all the on and off-exchange markets...including Coinabul.

I don't think that's an accurate assumption. You forget that with the increased demand in order to pay for his service there would likely be an increased volume of trading..
staff
Activity: 4270
Merit: 1209
I support freedom of choice
I don't think that there is any reason for anyone to base Bitcoin market decisions on the new Mega. There has been absolutely 0 indication or even a hint that there will be anything Bitcoin related in that service. Of course I hope the service accepts bitcoins for premium membership etc but there is no expectation on this. Current market activity likely has nothing to do with this, unless it's Kim himself buying bitcoins before the announcement. I'd think he would have done that much earlier though.
If I remember right, he tweeted 1/2 times about Bitcoin ...
sr. member
Activity: 434
Merit: 250
The problem with taking in as much revenue as he would through Bitcoin is cashing it out. Totally impossible today, even if you utilized all the on and off-exchange markets...including Coinabul.
legendary
Activity: 952
Merit: 1000
The new megaupload will use the exact same business model as the old one. Maybe they will accept BTC for premium accounts but I doubt that would happen in the near future.

And please don't forget that we already have a nice BTC only service: http://www.coinuploads.com/

First time I hear about coinuploads.com. Seems nice.
Lip
newbie
Activity: 20
Merit: 0
The new megaupload will use the exact same business model as the old one. Maybe they will accept BTC for premium accounts but I doubt that would happen in the near future.

And please don't forget that we already have a nice BTC only service: http://www.coinuploads.com/
hero member
Activity: 560
Merit: 500
dude.....what if he accepts LTC as payment??

He'll make a killing as he dumps it for BTC
420
hero member
Activity: 756
Merit: 500
dude.....what if he accepts LTC as payment??
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