Mega Accepts Bitcoin; Email, Chat, Voice, Video, Mobile Coming Soon 143
An anonymous reader writes "Kim Dotcom knows how to stir up a storm on Twitter. On Saturday, he announced Bitcoin support for his cloud storage service and also sent out a slew of tweets suggesting Mega is going to become much more than just the successor to Megaupload."
Godwin's law (Score:0, Interesting)
Kim "Kimble" Dotcom Schmitz is German-Finnish descendant, and during the WW II both Germany and Finland were Axis nations. See? With enough spin this could be turned into a drone bombing mission against an enemy combatant.
StorJ (Score:5, Interesting)
Some time ago Gregory Maxwell proposed the idea of autonomous programs that maintain their own Bitcoin wallet. He gave the concrete example of StorJ, a program that provides encrypted file hosting capacity a la MEGA. By buying server time from VPS providers and re-selling services, purchasing advertising via ad networks that offer APIs, hiring humans to improve their code and spawning children that grow up and compete with the parents in the market, StorJ would be the first artificial life form truly worthy of the name. I enclose a copy of his proposal below for your perusal. I also wrote a wiki page on the concept [bitcoin.it] where I explore the relevance of trusted computing and TPM chips to this use.
Re:filecloud (Score:5, Interesting)
http://filecloud.io/ cloud storage site (with more features + cheaper than Mega btw) has been accepting bitcoins for a long time, and being an Irish company has to follow Irish+EU dataprotection laws
Except, they don't encrypt the content.
MEGA was foolish to use PayPal in the 1st place... (Score:5, Interesting)
The concept of this distributed storage and accompanying financial compensation system is certainly a more novel approach to what file lockers have offered in the past, and this is precisely what ScatterBytes is providing to the infrastructure of the MEGA network. But I was shocked to learn, in the comment of ScatterBytes creator [slashdot.org], that the financial compensation system would be using PayPal. Why the creators of MEGA & Scatterbytes would be so short-sighted and foolish to base their system off of a centralised, USA-based payment company widely known to be the Internet sector of the US financial-military-industrial complex was completely beyond me.
As a server operator myself, why would I want my disk space (NOT in the USA) to be a part of the MEGA network (NOT a US website) when details of my contribution (and a cut of the profits) would be handed directly to a US company known to directly work with the US government? Had the people behind MEGA & ScatterBytes not been paying any attention to PayPal's history? Shouldn't the operators of a file locker site which was mercilessly raided by the moneyed American corporate interests trying to stymy progress (and currently entangled in a court case [scribd.com]) be slightly more intelligent and aware than this?
In my response to his comment [slashdot.org], I asked the ScatterBytes creator why they are creating a system that would hand the US government banking-level details of MEGA collaborators , easily sortable by size of contributions no less! For the successor site to MegaUpload, this level of unthinking oversight is absolutely embarassing. MegaUpload's servers are still sitting in limbo [arstechnica.com], and people have served jailtime over this service. Why any third-party (ie most of us on Slashdot) would be enthusiastic to contribute to the relaunch of this service, even if it does differ technologically from the previous incarnation, when it means giving all of our personal information to an organisation as nefarious and unfriendly to progress as PayPal is beyond me. To Jack's Complete Lack of Suprise, within a week of the launch of MEGA, an organisation seemingly created to kill file locker services [stopfilelockers.com] (at least ones which multimedia publishing cartels decide to target) worked to shut off PayPal access to the primary MEGA resellers [torrentfreak.com]. So much for paying attention to history [wikipedia.org].
To see adoption of BitCoin is good news, but it's what should have been done at launch. It's 2013. We don't need centralised US-controlled middlemen spying on all of our financial transactions and taking our money anytime we want to transfer funds. We ha