Submission + - Kim Dotcom To Revive Megaupload; Claims Bitcoin Will Spike As A Result (fortune.com)
SonicSpike writes: The controversial entrepreneur Kim Dotcom said last month that he was preparing to relaunch Megaupload, the file-sharing site that U.S. and New Zealand authorities dramatically shut down in 2012, with bitcoins being involved in some way.
This system will be called Bitcache and Dotcom claimed its launch would send the bitcoin price soaring way above its current $575 value.
The launch of Megaupload 2.0 will take place on Jan. 20, 2017, he said, urging people to “buy bitcoin while cheap, like right now, trust me.” Bitcoin’s value fell sharply this week after a $72 million theft from the Hong Kong exchange Bitfinex, though it subsequently bounced back to a degree.
Crucially, Dotcom said the Bitcache system would overcome bitcoin’s scaling problems. “It eliminates all blockchain limitations,” he claimed.
This system will be called Bitcache and Dotcom claimed its launch would send the bitcoin price soaring way above its current $575 value.
The launch of Megaupload 2.0 will take place on Jan. 20, 2017, he said, urging people to “buy bitcoin while cheap, like right now, trust me.” Bitcoin’s value fell sharply this week after a $72 million theft from the Hong Kong exchange Bitfinex, though it subsequently bounced back to a degree.
Crucially, Dotcom said the Bitcache system would overcome bitcoin’s scaling problems. “It eliminates all blockchain limitations,” he claimed.