KIM DOT COM COMES BACK!: AND HE COMES WITH BITCOIN
Kim dot com, founder of websites like Megaupload and its successor Mega, has launched a new blockchain project to share files on the Internet.
This solution makes use of cloud storage technology, but incorporating the advantages of decentralization. The latter marks the difference with previous projects, whose centralization facilitated the closure by the authorities.
K.Im, which is the name of the project, will use Bitcoin as a means of payment for the platform. In this, the content will be uploaded in a file container, to which a payment must be made to unlock its content.
The project has received criticism from the copyright lobby, as it is very likely that it will be traded with third-party content.
As advantages of this project, we can cite the greater ease that creators will have to monetize their content. Monoplist platforms, such as YouTube, establish a minimum of very high and harmful visualizations for small authors, reserving the possibility of demonetizing the content they consider - many times arbitrarily and without a necessary violation of the terms of use.
Without giving any explanation.
Therefore, K. Im seeks to offer an alternative to censorship and a facility to trade with each other's creations. To develop the project, a crowdfunding round was initially carried out, in which no less than $ 850,000 was raised. On October 22, the IEO will take place to trade its token, which will take place through Bitfinex and is expected to make a lot of noise in the market.
The platform will feature the integration of Liquid, a side chain to facilitate the scalability of Bitcoin. On the project website, it is announced that its services will begin to operate from the third quarter of 2020.
We are thus faced with a project in revolutionary appearance, led by a controversial character like few who in the past, became a nightmare of the FBI and the copyright industry.
It may also be that we are facing a "killer application", with K.Im being a way to normalize the use of Bitcoin and familiarize the common user with cryptocurrencies and blockchain. The community is increasingly conquering more spaces, and every day the number of entrepreneurs who want to develop their projects grows.
The legend is back.