Kim Dotcom: Megaupload and Bitcoin Had Sex, Baby Will Be Such a Joy / Author Joël Valenzuela

 

Megaupload will be back soon, and this time, it will involve Bitcoin.

Kim Dotcom, founder of the former popular filesharing website, announced the planned union of the site’s second coming with cryptocurrency via a saucy metaphor on Twitter:

https://twitter.com/KimDotcom/status/751956549438808064

Megaupload’s long-awaited resurrection

After a shutdown by the US government and unsuccessful attempts at a relaunch over the following years, Megaupload 2.0 will be back next year. It will include over 100 gigabytes of free storage, no data transfer limits, and on-the-fly encryption. Additionally, Dotcom plans to deploy the original Megaupload user database, inviting the original 100 million users to join the new site with premium privileges, instead of starting from scratch with no user base.

The relaunch of Megaupload is slated for January of 2017, the five-year anniversary of the closure of its original iteration and the raid on Dotcom’s mansion.

An integral part of upcoming decentralized internet project MegaNet

Dotcom plans to have Megaupload 2.0 become an integral part of MegaNet, an upcoming project to decentralize the internet using blockchain technology and smartphones. The plan is to get millions of smartphones worldwide to use the MegaNet app, together providing enough bandwidth, calculating power, and storage through those devices to launch a decentralized and censorship resistant version of the internet.

MegaNet is slated for release sometime in 2018 at the earliest.

Author: Joël Valenzuela