After teasing his followers last month that “Megaupload and Bitcoin had sex", Kim Dotcom finally revealed some more details about the baby he is expected to deliver. The infamous internet entrepreneur tweeted on Friday that every file transfer on his upcoming cloud storage service will be linked to a tiny Bitcoin microtransaction under a new feature he calls "Bitcache."
Showing extreme confidence in his innovation, Dotcom claimed that it "will take Bitcoin mainstream", and that nobody will upload to any other cloud after Bitcache goes live at the launch of Megaupload 2.0 in January 2017. He even predicted that the service will reach 100 million Bitcache wallets thus propelling the price of Bitcoin to over $2000.
Dotcom further added that he is working on a limited share offer with online investment platform BankToTheFuture, Bitcache is already receiving funding and that he is looking for more cryptocurrency experts to help bring his plans to fruition.
Bitcoin = Freedom Bitcache = Mass Freedom
— Kim Dotcom (@KimDotcom) August 7, 2016
Bitcache raising serious cash this month. I need more coders. Crypto, database & data security experts. Send me your CV. Let's make history. — Kim Dotcom (@KimDotcom) August 6, 2016
#Megaupload 2.0 will be available 'white label'. You can use any domain, free of charge, for your cloud sharing needs. Bitcache enabled.
— Kim Dotcom (@KimDotcom) August 5, 2016
#Megaupload 2.0 will be available 'white label'. You can use any domain, free of charge, for your cloud sharing needs. Bitcache enabled. — Kim Dotcom (@KimDotcom) August 5, 2016
Buy Bitcoin while cheap. Like right now. Trust me.
— Kim Dotcom (@KimDotcom) August 5, 2016
Background
If you are not familiar with Kim Dotcom, Megaupload or his ordeal with the American authorities, here is a very short summary. Kim Schmitz was a famous teenage internet entrepreneur and hacker in the ’90s that, among other things, legally changed his last name to Dotcom and created the popular file Hosting website Megaupload.
In 2012, the U.S Department of Justice seized the domain names and shut down Megaupload for allegedly enabling copyright infringement by some of its over 150 million users. Urged by the Americans, the New Zealand Police raided his former massive mansion and arrested Dotcom. Over $40 million of Megaupload funds were seized by the authorities and he is still fighting American extradition demands to this day.
As a result of the incident Dotcom became a vocal critic of the American approach to policing intellectual property rights online at the expense of individual freedom and privacy. He also started and funded the Internet Party in New Zealand to promote e-democracy, internet freedom and privacy.
