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

Explaining his plan, the colorful internet mogul says that "Megaupload and Bitcoin had sex."

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, the technology at the heart of Bitcoin, as a method to store and secure its database.

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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.

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