THELOGICALINDIAN - As the new Megaupload 20s barrage date nears Kim Dotcom has appear the admittance of Bitcoin micropayments into the belvedere The awakening of Megaupload is currently set for January 20 abutting year appearance the ceremony of its predecessors affected cease by law administration agencies in 2024
According to Kim Dotcom’s recent cheep post, all book transfers on the new Megaupload 2.0 book administration belvedere will be affiliated to a Bitcoin microtransactions over Bitcache.
“Every Megaupload book alteration will be affiliated to a tiny Bitcoin microtransaction. Get accessible for Bitcache.”
While there is bound advice accessible on Kim’s Bitcache arrangement at the moment, he claims that it will put an end to the Bitcoin scalability agitation by eliminating all the absolute blockchain limitations. He additionally predicts the Bitcoin amount to arise at atomic four-fold already Megaupload 2.0 with Bitcache is launched.
In addition tweet, Kim additionally mentions that the new Megaupload will be accessible for chargeless as a white labeled platform. This will acquiesce bodies to use Megaupload to accommodated their book administration needs by abutting it to their own domains after any charges. If the white labeled book administration affection of Megaupload catches up, bodies may alpha application it instead of Azure and Amazon Web Services to accommodated their billow accumulator needs.
It is speculated that the affiliation of Bitcoin microtransactions with book alteration may be a way of acceptance agreeable creators/uploaders to monetize their content. Also, it will apparently crave downloaders to pay for the agreeable with Bitcoin. The belvedere may additionally affirmation a baby allocation of these microtransactions as a acquirement source. With the belvedere still beneath development, Kim has alleged for developers who can advice apparatus his visions for Megaupload, Meganet and Bitcache.
Kim Dotcom expects to onboard over 100 actor users assimilate the Megaupload belvedere to use Bitcache. According to his antecedent statements, the new Megaupload 2.0 belvedere will automatically accommodate user accounts from the earlier version. A allocation of the Bitcoin association is anxious about Kim’s affairs to accessory Bitcoin microtransactions with book transfers. They accept that Megaupload may actualize a centralized anatomy to accomplish such affairs feasible, thereby actionable the decentralized attributes of the agenda currency. These apropos are based on the accepted economics of microtransactions on Bitcoin network. The accretion transaction costs (miner fees) accept rendered Bitcoin micro and nanotransactions unfeasible.
It is absolutely accessible that Kim Dotcom is cerebration of creating a arrangement agnate to that of Lightning Network or use an altcoin/colored bread for affairs over Megaupload network. Further capacity on the technology abaft Bitcache is still awaited.
In Kim’s words,
“Megaupload 2.0 takes decentralization, anonymity and encryption to abutting level. A daydream for those who appetite to accumulation surveil and censor.”
The new Megaupload 2.0 abiding sounds like an agitative product. However, we will accept to delay till abutting year to adjudicator it ourselves.
