Kim Dotcom Will Revive Megaupload, Linking File Transfers To Bitcoin Microtransactions (fortune.com)
Long-time Slashdot reader SonicSpike quotes an article from Fortune: The controversial entrepreneur Kim Dotcom said last month that he was preparing to relaunch Megaupload, the file-sharing site that U.S. and New Zealand authorities dramatically shut down in 2012, with bitcoins being involved in some way... This system will be called Bitcache, and Dotcom claimed its launch would send the bitcoin price soaring way above its current $575 value.
The launch of Megaupload 2.0 will take place on January 20, 2017, he said, urging people to "buy bitcoin while cheap, like right now, trust me..." Crucially, Dotcom said the Bitcache system would overcome bitcoin's scaling problems. "It eliminates all blockchain limitations," he claimed.
Every file transfer taking place over Megaupload "will be linked to a tiny Bitcoin micro transaction," Dotcom posted on Twitter. His extradition trial begins Monday, and he's asking the court to allow live-streaming of the trial "because of global interest in my case." Meanwhile, the FBI apparently let the registration lapse on the Megaupload domain, which they seized in 2012, and Ars Technica reports that the site is now full of porn ads.
The launch of Megaupload 2.0 will take place on January 20, 2017, he said, urging people to "buy bitcoin while cheap, like right now, trust me..." Crucially, Dotcom said the Bitcache system would overcome bitcoin's scaling problems. "It eliminates all blockchain limitations," he claimed.
Every file transfer taking place over Megaupload "will be linked to a tiny Bitcoin micro transaction," Dotcom posted on Twitter. His extradition trial begins Monday, and he's asking the court to allow live-streaming of the trial "because of global interest in my case." Meanwhile, the FBI apparently let the registration lapse on the Megaupload domain, which they seized in 2012, and Ars Technica reports that the site is now full of porn ads.
Even though the man himself, by all accounts, is a loud-mouthed, megalomaniac, international jerk ... I do believe his fight against U.S laws and its publicity is doing the world a service. ... Go Kim, I'm for you.
So
So the FBI seized some... let's call it "property" and then just allowed it to decay? Even if their were a real trial and a conviction and the site were seized legitimately, wouldn't they then auction it off like any other police auction?
Is anyone actually listening to anything this fat fuck says anymore?
"This fat fuck, he played two, he played knick knack with a _____"
the file-sharing site that U.S. and New Zealand authorities dramatically shut down in 2012,
the file-sharing site that U.S. and U.S. New Zealand authorities dramatically shut down in 2012,
Minor fix for you there. Welcome New Zealanders, as the 51st state of America!
My personal tip for you, avoid the noodle salad at the buffet in Las Vegas.
Australia is stuffed with thousands of deadly creepy crawlers, but the noodle salad from the buffet in Las Vegas tops them all!
Schroedinger's Brexit: The UK is both in and out of the EU at the same time!
Amen.
No, the only reason this guy pushes for publicity is because when the public forgets him, that extradition to America will happen real fast. Can't think many people would be bothered by that happening.
I am very bothered by that happening.
It reinforces the idea that no matter who you are or where you are from, even if you have never been in the USA, that:
1) The USA can just say "Give me that guy". And have his head handed over on a plate.
2) The nation of which you are national will not lift a finger to help you.
3) That a stupid copyright issue is the reason for all this. In this case.
4) That and more means there is no place on Earth safe from the corporate greed propagated by the USA.
Never mind that raiding a guys home with armed helicopters is crazy way over the top for any stupid copyright violation.
In short, pretty much all of copyright law should be scrapped and the world should tell the yanks to swivel on it.
I don't care about how Kim Dotcom is depicted by the media, fact is that his company respected DMCA takedown requests and there is probably more infringing content on Youtube than there ever was on Megaupload. But even if he was totally guilty of infringing New Zealand copyright law, this illegal prosecution by a foreign country without any jurisdiction is the biggest scandal in the history of the Internet. It's just unbelievable to me that a foreign power can seize the assets of a company in another country on the basis of illegal warrants and illegal wiretapping, refuse to return them, and treat someone as a 'fugitive' who has never put a foot in their soil. If the same trick had been pulled by Russia or North Korea, the whole world would be upset and nobody would even get the idea that an extradition request could be justified. The US should seriously consider to act act like an asshole less often and clean up their own justice and prison system instead, rather than bullying other countries and their businesses.
"he said, urging people to "buy bitcoin while cheap, like right now, trust me..."
Well it's a somewhat novel pump n' dump scheme, I'll give him that.
Can't dispute anything he's said, has to break down into insults. How a-typical. I remember playing with and against him in Quake, he was a jerk. But even at that, the shit that the US did was so far outside of what should have been allowed that anyone with a functioning brain should be on his side. Funny though, how he wants his extradition hearing televised and the US government is going nonononononono we can't let that happen. Sure does say a hell of a lot about the state of affairs doesn't it?
Om, nomnomnom...
1) The USA can just say "Give me that guy". And have his head handed over on a plate.
If he's handed over it will be after years of extradition proceedings, involving significant due process, which is the exact opposite of how you characterize it.
2) The nation of which you are national will not lift a finger to help you.
See above.
3) That a stupid copyright issue is the reason for all this. In this case.
He didn't burn a CD for his mom. He ran a huge organization with billions of visitors and tens of millions of dollars, with most of that coming from sharing copyrighted materials.
4) That and more means there is no place on Earth safe from the corporate greed propagated by the USA.
Yes, America invented greed. And copyright law.
Is anyone actually listening to anything this fat fuck says anymore?
Yes, as apparently it's still wise to listen to anything the FBI tells you.
I have discovered a truly marvelous proof of killer sig, which this margin is too narrow to contain.
"... at least she's dead"
She was cremated, just to make sure.
"Wait. Something's happening. It's opening up! My God, it's full of apricots!"
America did not invent copyright law, only the brain dead american variation they invented. ... oldest copyrights are assigned to Albrecht Dürrer by the Pope at that time. ... pottery usually ... or glasses.
Go google
During Roman tiimes there where law suits about copy catting designs
Cost free eBook I read (by iBook/Kobo/Amazon/ObookO/Gutenberg etc.): "The Green Odyssey" by Philip Jose Farmer.
Because ignoring fat fucks and their ramblings work so well.
/me wonders how we ended up with Trump.
Never mind that raiding a guys home with armed helicopters is crazy way over the top for any stupid copyright violation.
To add some context to this, in a country where citizens don't typically carry guns police were going to arrest a man they knew had access to restricted weapons, many licensed weapons of his own, who has in the past brandished guns in front of government officials, and as it turns out after the fact his body guard was charged under their strict gun laws for illegally modifying weapons.
Copyright is not the reason for the raid, perception of the target was. In a country where police don't routinely carry guns a different approach is justified and while the court ruled the warrant for the raid was illegal, the nature and type of the raid was seen as justified when the police documents were presented.
If he was violating any gun laws in New Zealand I'm sure they could have taken care of that locally if they wanted to.
But why did they want to arrest him in the first place? Not for those gun violations. Because copyright, because Disney, because MPAA, because the USA. There is no way you can wriggle out of that.
The sins of his body guard are not his. Especially after the event. Unless you can show some causal connection.
I don't get the logic, if the warrant for the raid was illegal, how is it possible that any "nature and type" of raid is justified? In that case I think it would have been justified if he had brought down those criminally invading helicopters with a ZPU.
Do not kid yourself. Copyright and protecting the interests of major copyright owners is exactly what this is all about.
If Kim was waving guns in front of government officials perhaps that is an example we should all follow. As the Founding Fathers of the USA would have it.
By the way, do you have a link to such gun brandishing incident? I cannot find one.
So, essentially the same as the currency of the American government and it's banks.
51st state? No way that New Zealand gets to cut in line.
“Common sense is not so common.” — Voltaire
You're right, I've not accomplished much in my life. For example, I've never eaten a dozen donuts in one sitting.
No. My main problem with him is NOT that he's fat.
Learn to fucking read before trying to become someone who's "professionally offended".
Chas - The one, the only.
THANK GOD!!!
So you are saying Bitcoin has an bright future because it serves as a very important role for a specific demographic of wealthy people?
Decentralized Torrent tracker where seeders and uploaders are rewarded with bitcoin and he takes a small cut. This will at least fill in the gaps of missing content that is hard to find on piratebay and lack seeders. Should be another great use case for bitcoin along with gambling/speculating, dark market drugs sales, prostitutes, ransomware, and regulatory arbitrage of giftcards/amzn points.
Is it smart to start a pump and dump scam campaign the day your extradition trial starts?
timberland pas cher Habituellement connue pour ses innovations en matière d’électronique, la firme américaine Nike a décidé ces derniers temps d’axer ses recherches sur la manière de construire les chaussures. Résultat : ses dernières nouveautés arborent des textures originales. C’est le cas de la Nike Free dotée de la technologie Flyknit. L’ensemble de la chaussure est faite d’un maillage proche du tricot. Celle-ci donne l’impression au coureur de porter des chaussettes et de faire ses exercices pieds nus. Elle fait figure de seconde peau. Ce modèle de la marque à la virgule n’est pas une chaussure de sport classique. En effet, voulant donner une totale liberté de mouvements aux pieds, il sollicite plus les muscles que les autres souliers.Pour la petite histoire, c’est en apprenant que les athlètes de Stanford s’entraînaient pieds nus sur les parcours de golf de l’université que trois employés de Nike décidèrent de développer une chaussure qui, à l’instar du pied nu, offrirait un confort naturel.
On my part -- as I read the summary line about the site currently being full of porn ads, I noticed the number of comments on this article had reached .... 69 .
How 'bout that, eh?
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