Post
Topic
Board Bitcoin Discussion
Re: Will Megaupload 2 take Bitcoin mainstream?
by
zigglr6
on 06/11/2017, 20:13:31 UTC
For those that don't know, Megaupload was a file sharing site that was in the top 100 largest websites until it got shut down in 2012. It had over 50 million daily users.

The guy who made it (Kim Dotcom) is now relaunching it as Megaupload 2. But this time, every file transfer is linked to a Bitcoin micro-transaction.

Here's their video about it: https://www.youtube.com/watch?v=yPGdilknFbc&t=0s - this could be what takes Bitcoin mainstream.
Unfortunately, no clear answer on how these microtransactions will run on the bitcoin network. With on-chain bitcoin transactions fees costing several cents at minimum, Bitcache must plan to become a centralized storage facility for bitcoin.. but dude mega was launch last year  Undecided

It's complicated but I think they said the transactions will happen off - chain, with Bitcoin being used for deposits and withdrawals.

It is being released this week: https://twitter.com/KimDotcom/status/926535969783791616