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 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.
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
While I do think Kim Dotcom is a smart guy, I don't trust him to release things on time. So I'm going to be thinking that this is all just going to be a bust and nothing is going to come out of it, and even if he does release somehthing -- it's not going to come close to the amount that Kim hyped it up to be.
Nothing against him, that's just the current state of anything Crypto to me -- and a tad of his past.