Bitcoin at Heart of Kim Dotcom's New Cloud Storage Service Mega

Kim Dotcom has revealed that when his new venture finally goes live in January 2017, Bitcoin will be central to its business operation.

The colorful internet mogul did not provide all the exact details yet but teased: "Megaupload and Bitcoin had sex. There is a pregnancy and I have a feeling that the baby will be such a joy." This could suggest that the new service will be entirely founded by Bitcoin or even that it will utilize Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term, the technology at the heart of Bitcoin, as a method to store and secure its database.

I can tell you that Megaupload and Bitcoin had sex. There is a pregnancy and I have a feeling that the baby will be such a joy.

— Kim Dotcom (@KimDotcom) July 10, 2016

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 Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Read this Term 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.

I'll be the first tech billionaire who got indicted, lost everything and created another billion $ tech company while on bail. #goals — Kim Dotcom (@KimDotcom) July 10, 2016