Kim Dotcom Claims Revived Megaupload Will Run On Bitcoin Micropayments

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The argumentative businessman Kim Dotcom said final month that he was scheming to relaunch Megaupload, a file-sharing site that U.S. and New Zealand authorities dramatically close down in 2012, with bitcoins being concerned in some way.

Now we know more. Dotcom, a German-Finnish male vital in New Zealand and now fighting extradition to a U.S. over copyright-infringement charges, tweeted Friday that a transfers holding place over Megaupload would be related to really tiny bitcoin transactions.

This complement will be called Bitcache and Dotcom claimed a launch would send a bitcoin cost mountainous approach above a stream $575 value.

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The launch of Megaupload 2.0 will take place on Jan. 20, 2017, he said, propelling people to “buy bitcoin while cheap, like right now, trust me.” Bitcoin’s value fell neatly this week after a $72 million theft from a Hong Kong sell Bitfinex, yet it subsequently bounced back to a degree.

Crucially, Dotcom said a Bitcache complement would overcome bitcoin’s scaling problems. “It eliminates all blockchain limitations,”

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