So where is the Bitcache thing by KimDotcom

Wind_FURY

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Quote from: Kakmakr on January 24, 2017, 01:02:19 AM

In the end KimDotcom will have to implement a counter party token to make this successful, because SegWit and the Lightning Network will not be implemented for at least the next 2 to 3 years. I cannot see how this will work without these upgrades or going the off-chain route.

He cannot use centralized services for the off-chain option, because these services will get taken down, once this is linked to his service. ^hmmmmmm^

Are you suggesting that Kimdotcom start a ponzi to get Bitcache going? Who says that Segwit then the Lightning Network will be implemented if we wait 2 or 3 years more? Segwit may not get activated at all. If that happens what do you suggest Kimdotcom do?

Your suggestion is bad.

bryant.coleman

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Quote from: iGotSpots on January 24, 2017, 01:30:18 AM

Delayed at least 11 months

Kim Dotcom should remember that he is being accused by the U.S. Department of Justice for criminal copyright infringement, in addition to other serious charges. His new venture (Mega) is also attracting a lot of unwanted attention. Either this guy should immigrate to some country which doesn't have an extradition treaty with the US, or stay away from this business.

Denker

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Quote from: iGotSpots on January 24, 2017, 01:30:18 AM

Delayed at least 11 months

I would say it's more like up to 11 months.
In his statement it is written that they are looking for a beta launch later this year.
So this can already be in june, july or whatever.
Or probably never when you check his history! Cheesy

That dude is a typical pumper with a big mouth and that's mostly it.Never ever what I have invested a single penny, satoshi in one of his projects.

Xester

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Quote from: iGotSpots on January 24, 2017, 01:30:18 AM

Delayed at least 11 months

Maybe the site was not ready or the sudden volatility caused by China. The biggest and sudden fluctuations in price that has raised bitcoin to more than 1000$ in few moments have also decreased in a very fast way. Possibly that has caused losses to the site that it had to cancel or postpone their launch. But lets wait this year if they will launch.

iGotSpots

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Delayed at least 11 months

Senor.Bla

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So there are news. Seems like he is blaming other people and that it might take a while. I love this so much. And then he posts this "One door closes. Two doors open." tweet. He is such a laughingstock. But i guess it is only a surprise to some. Not to me.

Kakmakr

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In the end KimDotcom will have to implement a counter party token to make this successful, because SegWit and the Lightning Network will not be implemented for at least the next 2 to 3 years. I cannot see how this will work without these upgrades or going the off-chain route.

He cannot use centralized services for the off-chain option, because these services will get taken down, once this is linked to his service. ^hmmmmmm^

Wind_FURY

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So where is the big launch and why is Bitcoin far away from the promised $2000 valuation per coin? That fat guy Kimdotcom will turn out to be a joke if he does not deliver the goods. But what's new, most of the developers and business people involved in Bitcoin and blockchains are jokers who want nothing but attention.

hv_

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Quote from: franky1 on December 07, 2016, 12:05:18 PM

Quote from: pereira4 on December 07, 2016, 11:55:21 AM

I hope segwit gets activated eventually. Only morons are actively blocking it.

you do know that LN can function without segwit.
the benefits of segwit helping LN and helping bitcoin are exaggerated.

seems kimdotcom is using the blockstream concept of LN, hense the delay in kimdotcom's service.
however there are many many other concepts that dont need segwit.

but the powerhouses choose their own partners even if it means making the community wait

its just kicking a stone down the road to explain a year delaying real scalability.
but thats a topic for another discussion.

Yes I know and I will eat my hat once bitcash is up but LN stalled.

Why the hack SW is sold to be needed for this much more needed 2. layer scalers?

I might be really tooooo duuuuump.

eternalgloom

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Quote from: geofflosophy on December 08, 2016, 02:24:32 PM

Quote from: QuestionAuthority on December 08, 2016, 01:11:36 PM

Quote from: Carlsen on December 08, 2016, 01:00:06 PM

I really could not feel disappointed if he would not be successful with... whatever he is developing.
Although I have no idea of what he tries to create, just the name KimDotcom already has that touch of bad carma.
And this guy making his next business about bitcoin, that is something I would rather not want to read in the newspaper tomorrow.

Exactly right, he's poison. His involvement in Bitcoin to the general public would just be another example of a criminal element like Silk Road loving the new crime money. Every time someone like him preaches for Bitcoin it's just another nail in the coffin of public perception. About half of my friends already think I'm nuts for having any of my money tied up in "crime dollars" as one friend put it. Another one of my friends asked how much I have invested in the Medellín Cartel (because I support Bitcoin).

GTFO, he has a list of tens if not 100s of millions of people interested in file sharing, and he is building a decentralized file sharing service that allows content uploaders to monetize that content. Imagine piratebay + storj + bitcoin. Download anything for $0.05.

It will be ENORMOUS.

You don't know that. I would think that there are already too many players in the file sharing game, plus he doesn't have the best reputation, since a lot of people also lost legitimate files when MegaUpload got seized.

Now since this is decentralized, seizing the service might not be possible anymore, but I just doubt that end-users are really looking for another file sharing service, decentralized or not (most end-users don't care).

geofflosophy

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Quote from: BrewMaster on December 08, 2016, 11:03:59 PM

Quote from: geofflosophy on December 08, 2016, 02:24:32 PM

-snip-
a decentralized file sharing service that allows content uploaders to monetize that content. Imagine piratebay + storj + bitcoin. Download anything for $0.05.

It will be ENORMOUS.

file-sharing and piracy is only booming as long as it is free! it doesn't even make sense to monetize it and i am sure it won't be successful. they steal content and want to charge people money for it! what is stopping me from using torrent for free?

besides it is actually going to be a lot worse for the pirates (those who make the content) when they are caught, so far they were only stealing and sharing now they are going to take money on top of it too.

next KimDotcom's lawsuit is going to be 50 times bigger.

You need to pay something so that you can pay the decentralized hosting. As I understand it, users will be able to upload content without hosting, host content without being a publisher, and buy content without being either. MegaUpload2, being just the tech stack and not a hosting provider this time around, will not be under threat. Publishers will be incented to publish better content and users will feel better about downloading vs. torrent. All it takes is one killer use case, maybe Radiohead or another content creator equally as popular will put out a song on BitCache, and from that point all of the people who jumped in will have coin in their wallet.

Dudeperfect

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Quote from: Senor.Bla on December 09, 2016, 04:22:13 AM

Quote from: Dudeperfect on December 08, 2016, 11:51:15 PM

As stated by many members, We should probably get some information in late December or first session of January. His announcement will definitely put some impact on the price of bitcoin and as far as I think, the price will move upwards but not as much as Kim predicted ($2,000+). That will be the activity worth seeking the attention of the government and hence it is one of the important event in bitcoin history.

why would this be an important event in bitcoin history? most likely not a good one. kim dotcom is full of bs as we see now, so how can you still think he will be good for bitcoin. also the price is rising steadily and as far as i can tell he is not the reason for it. and i do not see how he wants to be the reason for it in the future.

I have not saying anything about, is it positive or negative news. We can accept or reject but we can't ignore the fact that Kim has some popularity with him and that popularity will defineatly give a try to whatever he is doing, and this time he is going with bitcoin. Since there is a flow of opinion that he is promoting illegal activities with bitcoin then govenment will also take interest in this scene and hence it will be an important activity.

Senor.Bla

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Quote from: Dudeperfect on December 08, 2016, 11:51:15 PM

As stated by many members, We should probably get some information in late December or first session of January. His announcement will definitely put some impact on the price of bitcoin and as far as I think, the price will move upwards but not as much as Kim predicted ($2,000+). That will be the activity worth seeking the attention of the government and hence it is one of the important event in bitcoin history.

why would this be an important event in bitcoin history? most likely not a good one. kim dotcom is full of bs as we see now, so how can you still think he will be good for bitcoin. also the price is rising steadily and as far as i can tell he is not the reason for it. and i do not see how he wants to be the reason for it in the future.

Dudeperfect

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As stated by many members, We should probably get some information in late December or first session of January. His announcement will definitely put some impact on the price of bitcoin and as far as I think, the price will move upwards but not as much as Kim predicted ($2,000+). That will be the activity worth seeking the attention of the government and hence it is one of the important event in bitcoin history.

QuestionAuthority

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You lead and I'll watch you walk away.

Quote from: Wind_FURY on December 08, 2016, 09:53:41 PM

Quote from: QuestionAuthority on December 08, 2016, 01:11:36 PM

Quote from: Carlsen on December 08, 2016, 01:00:06 PM

I really could not feel disappointed if he would not be successful with... whatever he is developing.
Although I have no idea of what he tries to create, just the name KimDotcom already has that touch of bad carma.
And this guy making his next business about bitcoin, that is something I would rather not want to read in the newspaper tomorrow.

Exactly right, he's poison. His involvement in Bitcoin to the general public would just be another example of a criminal element like Silk Road loving the new crime money. Every time someone like him preaches for Bitcoin it's just another nail in the coffin of public perception. About half of my friends already think I'm nuts for having any of my money tied up in "crime dollars" as one friend put it. Another one of my friends asked how much I have invested in the Medellín Cartel (because I support Bitcoin).

And you are affected greatly by this? You know your friends' comments are retarded and that they know nothing about Bitcoin. Medellin Cartel in Bitcoin? I surely HOPE they discover and do use Bitcoin this will make their criminal enterprise move value much easier than dealing with cash. The underground was one of the markets Bitcoin was meant to be used into.

Of course they're wrong but, like most people, all they know about Bitcoin they learned from mainstream media.

I don't think anyone here understands Kim Schmitz will be extradited to the USA next year to face racketeering charges. Here's what he has to look forward to:

Quote

Racketeering and money laundering sentencing guidelines are extremely strict. Although general racketeering statutes provide for maximum imprisonment of up to twenty years, a life sentence is possible if any of the underlying racketeering activities provide for a life sentence. For money laundering, the increases are currently based on two primary characteristics: the amount of funds laundered in excess of $1,000,000, and the derivation of the funds from the illegal activity. Above $5,000,000 qualifies for a life sentence.

https://www.wired.com/2015/12/kim-dotcom-extradition-ruling/

BrewMaster

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Quote from: geofflosophy on December 08, 2016, 02:24:32 PM

-snip-
a decentralized file sharing service that allows content uploaders to monetize that content. Imagine piratebay + storj + bitcoin. Download anything for $0.05.

It will be ENORMOUS.

file-sharing and piracy is only booming as long as it is free! it doesn't even make sense to monetize it and i am sure it won't be successful. they steal content and want to charge people money for it! what is stopping me from using torrent for free?

besides it is actually going to be a lot worse for the pirates (those who make the content) when they are caught, so far they were only stealing and sharing now they are going to take money on top of it too.

next KimDotcom's lawsuit is going to be 50 times bigger.

Wind_FURY

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Quote from: QuestionAuthority on December 08, 2016, 01:11:36 PM

Quote from: Carlsen on December 08, 2016, 01:00:06 PM

I really could not feel disappointed if he would not be successful with... whatever he is developing.
Although I have no idea of what he tries to create, just the name KimDotcom already has that touch of bad carma.
And this guy making his next business about bitcoin, that is something I would rather not want to read in the newspaper tomorrow.

Exactly right, he's poison. His involvement in Bitcoin to the general public would just be another example of a criminal element like Silk Road loving the new crime money. Every time someone like him preaches for Bitcoin it's just another nail in the coffin of public perception. About half of my friends already think I'm nuts for having any of my money tied up in "crime dollars" as one friend put it. Another one of my friends asked how much I have invested in the Medellín Cartel (because I support Bitcoin).

And you are affected greatly by this? You know your friends' comments are retarded and that they know nothing about Bitcoin. Medellin Cartel in Bitcoin? I surely HOPE they discover and do use Bitcoin this will make their criminal enterprise move value much easier than dealing with cash. The underground was one of the markets Bitcoin was meant to be used into.

geofflosophy

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Quote from: QuestionAuthority on December 08, 2016, 04:10:27 PM

Quote from: geofflosophy on December 08, 2016, 02:24:32 PM

Quote from: QuestionAuthority on December 08, 2016, 01:11:36 PM

Quote from: Carlsen on December 08, 2016, 01:00:06 PM

I really could not feel disappointed if he would not be successful with... whatever he is developing.
Although I have no idea of what he tries to create, just the name KimDotcom already has that touch of bad carma.
And this guy making his next business about bitcoin, that is something I would rather not want to read in the newspaper tomorrow.

Exactly right, he's poison. His involvement in Bitcoin to the general public would just be another example of a criminal element like Silk Road loving the new crime money. Every time someone like him preaches for Bitcoin it's just another nail in the coffin of public perception. About half of my friends already think I'm nuts for having any of my money tied up in "crime dollars" as one friend put it. Another one of my friends asked how much I have invested in the Medellín Cartel (because I support Bitcoin).

GTFO, he has a list of tens if not 100s of millions of people interested in file sharing, and he is building a decentralized file sharing service that allows content uploaders to monetize that content. Imagine piratebay + storj + bitcoin. Download anything for $0.05.

It will be ENORMOUS.

So, about the same number of people that thought Silk Road was cool then? Where is Ross Ulbrich right about now?

How about 10-30% of 150 million MegaUpload users?

QuestionAuthority

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You lead and I'll watch you walk away.

Quote from: geofflosophy on December 08, 2016, 02:24:32 PM

Quote from: QuestionAuthority on December 08, 2016, 01:11:36 PM

Quote from: Carlsen on December 08, 2016, 01:00:06 PM

I really could not feel disappointed if he would not be successful with... whatever he is developing.
Although I have no idea of what he tries to create, just the name KimDotcom already has that touch of bad carma.
And this guy making his next business about bitcoin, that is something I would rather not want to read in the newspaper tomorrow.

Exactly right, he's poison. His involvement in Bitcoin to the general public would just be another example of a criminal element like Silk Road loving the new crime money. Every time someone like him preaches for Bitcoin it's just another nail in the coffin of public perception. About half of my friends already think I'm nuts for having any of my money tied up in "crime dollars" as one friend put it. Another one of my friends asked how much I have invested in the Medellín Cartel (because I support Bitcoin).

GTFO, he has a list of tens if not 100s of millions of people interested in file sharing, and he is building a decentralized file sharing service that allows content uploaders to monetize that content. Imagine piratebay + storj + bitcoin. Download anything for $0.05.

It will be ENORMOUS.

So, about the same number of people that thought Silk Road was cool then? Where is Ross Ulbrich right about now?

geofflosophy

sr. member

Activity: 336

Merit: 250

Quote from: QuestionAuthority on December 08, 2016, 01:11:36 PM

Quote from: Carlsen on December 08, 2016, 01:00:06 PM

I really could not feel disappointed if he would not be successful with... whatever he is developing.
Although I have no idea of what he tries to create, just the name KimDotcom already has that touch of bad carma.
And this guy making his next business about bitcoin, that is something I would rather not want to read in the newspaper tomorrow.

Exactly right, he's poison. His involvement in Bitcoin to the general public would just be another example of a criminal element like Silk Road loving the new crime money. Every time someone like him preaches for Bitcoin it's just another nail in the coffin of public perception. About half of my friends already think I'm nuts for having any of my money tied up in "crime dollars" as one friend put it. Another one of my friends asked how much I have invested in the Medellín Cartel (because I support Bitcoin).

GTFO, he has a list of tens if not 100s of millions of people interested in file sharing, and he is building a decentralized file sharing service that allows content uploaders to monetize that content. Imagine piratebay + storj + bitcoin. Download anything for $0.05.

It will be ENORMOUS.

Topic: So where is the Bitcache thing by KimDotcom (Read 2361 times)