Maybe I'm missing something here, but someone uploads a film, shares the link, loads of people download it. Referral earned.
If loads of people download it, the entertainment industry can find the link too. Then, they'll know the encrypted content is their movie, and lawsuits start. 
Topic: Megaupload + Bitcoins - page 10. (Read 13985 times)
I am thinking this will become something useful here in the future if it is done correctly. As another person said, this is his reputation online, so I am thinking he is going to do something good here, but you never know.
Well the guy knows how to make a business works, and he is returning with full power, soo as you said its his image, reputation on the game and i doubt it will fail. The people who were with megaupload in the past will join the new way and for sure will know about bitcoin. 
Why would uploading get you referral commission? That can only happen if someone pays to download, but if even Kim Dotcom doesn't know what files you upload, how can someone choose to download it?
Maybe I'm missing something here, but someone uploads a film, shares the link, loads of people download it. Referral earned.
I am thinking this will become something useful here in the future if it is done correctly. As another person said, this is his reputation online, so I am thinking he is going to do something good here, but you never know.
Then those who do upload are going to make some serious BTC in referrals. Which would inspire others to sit around in upload tedium in the hope of making money too.
Now you make it sound like SteemIT.Why would uploading get you referral commission? That can only happen if someone pays to download, but if even Kim Dotcom doesn't know what files you upload, how can someone choose to download it?
first bitcache is off chain and centralized.
Your summary is a lot nicer than my story 
"We will not know our users, we will not know the contents of the files, will won't have upload IP address for any files uploaded to the servers so it will be the most private cloud system ever invented."
This only raises more questions: How do you upload without the server knowing your IP address? If they don't know who uploaded what, and they also don't know what files they have, how can they ever delete anything? Will they only keep adding without ever cleaning up? And if they do delete old files (without knowing what's in it, and without knowing who uploaded it), you can't trust them as a cloud service to keep your files.Currently I have a free 1 TB cloud service at my disposal, and I never use it simply because uploading is too slow. Most home users will have this limitation. Downloading is much faster.
Quote
"And on top of that we will have solution called Bitcache where every file transfer is linked to micro bitcoin transaction. We utilizing the blockchain, we utilizing this new digital currency and linking it to every file transfer."
Blockchain can only handle 7 files per second, and most blocks are full already. I assume these micro transactions won't be on the blockchain, and yet, he says it's on the Blockchain.Currently I have a free 1 TB cloud service at my disposal, and I never use it simply because uploading is too slow. Most home users will have this limitation. Downloading is much faster.
Then those who do upload are going to make some serious BTC in referrals. Which would inspire others to sit around in upload tedium in the hope of making money too.
As there are already lightning networks being played with, I assume this is similar in principle. But perhaps there is something super new. Regardless I don't really know how they'll get all these users on and off their side chain with the proper chain as it is.
first bitcache is off chain and centralized.
Here are some of my questions.
i do not know how they want to make the no ip thing work. they need to know at least the nick and its connections, or else how will the referral thing work? how do i get paid?
also how they are avoiding that i just spam endlessly? and many more.
Currently I have a free 1 TB cloud service at my disposal, and I never use it simply because uploading is too slow. Most home users will have this limitation. Downloading is much faster.
Then those who do upload are going to make some serious BTC in referrals. Which would inspire others to sit around in upload tedium in the hope of making money too.
As there are already lightning networks being played with, I assume this is similar in principle. But perhaps there is something super new. Regardless I don't really know how they'll get all these users on and off their side chain with the proper chain as it is.
"We will not know our users, we will not know the contents of the files, will won't have upload IP address for any files uploaded to the servers so it will be the most private cloud system ever invented."
This only raises more questions: How do you upload without the server knowing your IP address? If they don't know who uploaded what, and they also don't know what files they have, how can they ever delete anything? Will they only keep adding without ever cleaning up? And if they do delete old files (without knowing what's in it, and without knowing who uploaded it), you can't trust them as a cloud service to keep your files.Currently I have a free 1 TB cloud service at my disposal, and I never use it simply because uploading is too slow. Most home users will have this limitation. Downloading is much faster.
Quote
"And on top of that we will have solution called Bitcache where every file transfer is linked to micro bitcoin transaction. We utilizing the blockchain, we utilizing this new digital currency and linking it to every file transfer."
Blockchain can only handle 7 files per second, and most blocks are full already. I assume these micro transactions won't be on the blockchain, and yet, he says it's on the Blockchain. 
Still this launc dont mean that price will go up i think that if this comes well wich i hope that it will we can expect some change in price but not that much
nothing can make sure the price will go up, but what kim "dotcoin" claim to solve is huge, and that would
Still this launc dont mean that price will go up i think that if this comes well wich i hope that it will we can expect some change in price but not that much
well yeah it does not mean that it is going to become big though i still hope that it is going to make the price booming and make us profit 
I like the project and the system, Having the download links seen with the transaction would guarantee consistency IMO and would mean the links would be accessible as long as the bitcoin network is visible, it would be tricky to do that on the technical aspects though imo.
That is the main problem if that is solved well then pruce can be sky high. That is my main consern right now just to work fine is good if work more then fine btc might be higher then 2ķ
I like the project and the system, Having the download links seen with the transaction would guarantee consistency IMO and would mean the links would be accessible as long as the bitcoin network is visible, it would be tricky to do that on the technical aspects though imo.
I watched this new video interview with Kim and I noted some crucial info he said about this project:
"We will not know our users, we will not know the contents of the files, will won't have upload IP address for any files uploaded to the servers so it will be the most private cloud system ever invented.
And on top of that we will have solution called Bitcache where every file transfer is linked to micro bitcoin transaction. We utilizing the blockchain, we utilizing this new digital currency and linking it to every file transfer."
This is what Kim said about Bitcoin in this presentation. So what do you think now?
"We will not know our users, we will not know the contents of the files, will won't have upload IP address for any files uploaded to the servers so it will be the most private cloud system ever invented.
And on top of that we will have solution called Bitcache where every file transfer is linked to micro bitcoin transaction. We utilizing the blockchain, we utilizing this new digital currency and linking it to every file transfer."
This is what Kim said about Bitcoin in this presentation. So what do you think now?
Still this launc dont mean that price will go up i think that if this comes well wich i hope that it will we can expect some change in price but not that much
of course it does not mean that the price would surely go up but i think it is really possible, i hope that it will make me some decent money
I think it would be a great mix, bitcoin being a payment processing system with no identifications or restrictions and with megaupload being in a shady teritory I think both of them would fit just fine..idk about the success of linking a payment tx with the download link though.
Still this launc dont mean that price will go up i think that if this comes well wich i hope that it will we can expect some change in price but not that much
It almost surely mean than price will go up. Maybe not to $2000 as Kim predicted but some price boost will be clearly visible.And we need that kind of publicity to bolster bitcoin position.
but do not get me wrong. i am very skeptical about kim and his plans. he is not our savior and this might end up as another of bitcoins big pump and dumps.
Still this launch dont mean that price will go up i think that if this comes well wich i hope that it will we can expect some change in price but not that much
It almost surely mean than price will go up. Maybe not to $2000 as Kim predicted but some price boost will be clearly visible.And we need that kind of publicity to bolster bitcoin position.
that is my speculation to dont think we can hit 2k that fast after this launch over 1000 is quite possible to see but still have some doubts maybe im wrong but i would be happy if price goes 50% up from current after this
Kim Dotcom revealed some more info today. Check this interview posted on reddit. According to the comments, seems like it's going to be some kind of referral system with bitcoin payments.
Ergh referral system again. I am not good with that. I hope they could come up with something else. Some people dont trust clicking links that goes to referrals. They are lazy to create an account just for you. Thinking it is just another pyramid investing. Hmph.
Still this launc dont mean that price will go up i think that if this comes well wich i hope that it will we can expect some change in price but not that much
It almost surely mean than price will go up. Maybe not to $2000 as Kim predicted but some price boost will be clearly visible.And we need that kind of publicity to bolster bitcoin position.
Still this launc dont mean that price will go up i think that if this comes well wich i hope that it will we can expect some change in price but not that much
It almost surely mean than price will go up. Maybe not to $2000 as Kim predicted but some price boost will be clearly visible.And we need that kind of publicity to bolster bitcoin position.
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