Kim Dotcom Announces New Bitcoin Venture For Content Uploaders To Earn Money

[dlevere]

Kim Dotcom, of MegaUpload fame has announced a system allowing users to sell uploaded content in exchange for bitcoins.

While there seems to be no mention of endorsing piracy, it seems pretty clear how a system like this might be used to sell pirated content. Dotcom, however, insists that the end goal is for entire businesses such as news organizations to be able to earn money using this service.

All this comes while Dotcom is fighting extradition to the U.S. on criminal copyright charges relating to the raid on Megaupload.

https://www.hardocp.com/news/2017/04...to_earn_money/

[Pyriel]

Monetizing the internet was practically the first idea Bitcoiners came up with when they decided to start selling the system they invested in, so that they could someday feasibly cash-out without it either taking 8 years or crashing the price.

I can't see something like this actually being adopted. Either it would be too obtrusive, with every page requesting a specific payment of a fraction of a shilling, or it would be too automatic, and people would end up paying dishonest content creators $99.99 to watch a 5 minute cat video in a system that has no charge-backs. Although widespread adoption would require the system to operate off the blockchain, unless they've resolved that pesky under 3 transactions per second maximum per block, with a 10 minute block time for 1 confirmation problem. So there might be a window for disputing charges, up until the creator cashes out.