Kim Dotcom’s Bitcache Backs Out of Merge Over “Intrusive” “Complexities”
Kim Dotcom took to Twitter, where he has the eyes of some half a million people, to explain that there was a snag in the recent planned launch of Bitcache and Megaupload2, the Bitcoin enhancement layer (allowing for tiny, automated transactions) and the incentivized file sharing platform that intends to use it. According to Dotcom, the firm attempted to merge with a Canadian company that had valued them at $100 million and would have provided another $12 million. However, “complexities” resulted when the firm demanded “intrusive” information from Bitcache. Dotcom did not go into specifics,....
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The release of Kim Dotcom’s BitCache and Megaupload 2 (MU2) has been said to be a transformational project that alone could double Bitcoin’s global value. It looks like we’ll have to wait awhile for this new app and new Bitcoin value to reach fruiting, as we update you on the new release schedule. Dotcom’s Megaupload 2, BitCache Delayed. Last summer, online business mogul Kim Dotcom announced two future Bitcoin applications called Megaupload 2.0, or MU2, and BitCache that would change the Bitcoin industry and bring it into the mainstream. He also announced the day of the launch, January....
Potentially in an effort to avoid any censorship or seizure of funds to get his new project off the ground, Kim Dotcom’s Megaupload2 and Bitcache funding round at Bnk to the Future is only accepting Bitcoin. While most investments on the platform allow for investments in various currencies, to invest in Megaupload 2 and Bitcache, investors will have to acquire Bitcoin first. Given that the outside goal for this funding round is $5 million, a successful round could already produce a notable spike in the price of Bitcoin, as Dotcom has previously speculated on Twitter he’ll be able to....
Kim Dotcom, in his latest tweet, predicts the Bitcoin price to hit $2000 in the next two years after the launch of MegaUpload 2.0 and BitCache. Kim Dotcom, the internet entrepreneur has yet again reiterated his forecast for Bitcoin price in the coming days. In his latest tweet, Kim states that the launch of MegaUpload 2.0 and BitCache will soon ensure the price of Bitcoin to cross $2000 in the next two years. Kim Dotcom’s tweet comes as a reply to one of the Twitter user’s question, asking him whether he thinks the price of Bitcoin will rise because of MegaUpload 2.0 and BitCache. Kim has....
Qualifying investors interested in Kim Dotcom’s Mega Upload 2 and Bitcache will have to stock up with Bitcoin, to encourage new Bitcoin users. No cards or bank transfers would be allowed for the investment, which will be on the BnkToTheFuture investor page this week, the platform announced in a tweet. In the announcement, the investment platform stated that the request for investors to use Bitcoin only is a shift from its usual way of seeking investment: “Normally, BnkToTheFuture allows qualifying investors to invest in traditional currencies, Bitcoin and a range of alternative....
Kim Dotcom, the notorious internet entrepreneur and Megauploadfounder, has been building hype for the relaunch of his file-sharing website on Twitter and various media outlets over the past few weeks. While the general tech community seems interested in what Megaupload 2.0 will have to offer, the Bitcoin community is more interested in one specific aspect of this new project. While discussing Megaupload 2.0 on Twitter, Dotcom noted that the file-sharing platform will include a way to attach a bitcoin transaction to every uploaded file. Dotcom has named this feature Bitcache. The specific....