Megaupload founder says buy Bitcoin

If you haven’t heard of Megaupload founder Kim Dotcom then hold on because you are in for a treat. His Wikipedia:

Kim Dotcom (born Kim Schmitz; 21 January 1974), …. first rose to fame in Germany in the 1990s as a teenage internet entrepreneur. In 1994 he received a two-year suspended sentence for computer fraud and data espionage because he was underage, and received a similar sentence in 2003 for insider trading and embezzlement.

Dotcom was the founder of now-defunct file hosting service Megaupload but has subsequently been accused of criminal copyright infringement and a host of other charges, such as money laundering, racketeering and wire fraud, by the U.S. Department of Justice. In January 2012, the New Zealand Police raided his home in Auckland and placed him in custody in response to the US charges. Dotcom was accused of costing the entertainment industry $500 million through unlicensed content uploaded to Megaupload which had 150 million registered users. Dotcom has denied the charges, and is currently fighting attempts to extradite him to the United States.

He has been called one of the world’s “largest tech entrepreneurs”. He changed his surname to Dotcom in 2005, apparently in homage to the stock market bubble that made him a millionaire. At the time, he was living in Hong Kong, where he set up Megaupload.

With that introduction out of the way Kim Dotcom has been tweeting that he’s releasing Megaupload 2.0 and it will run on Bitcoin.

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About coinspeak

20 years as an IT consultant. Escaped the rat race in 2015. Addicted to travel and tacos.

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  1. KimDotCom has always been saying to buy bitcoin…. He also is a big investor in several of the blockchain programs and “wallets” so he’s essentially just talking his book.

    The USD is phantom money as it is. If you’re looking for something that has real international value that preserves your wealth then buy GOLD

    KimDotCom is a legend though

    • Agree on gold. Bitcoin is a model for the future, but the current iteration bases it’s value on Fiat currencies. Your bitcoin can only be used to directly purchase few things, or you can convert your dollars to other Fiat currencies which will also be worthless when it all tumbles down.

  2. Ya never know. We could be using eCoin like they do on Mr. Robot if everything collapses.

    • I thought they used bitcoin on Mr Robot. I could be wrong about that.

      Bitcoin has been mentioned in several movies. Bitcoin was part of the plot of the movie “Dope” released last summer. Besides the fact it mentions Bitcoin, Dope was a damn good movie.

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