This guys is either crazy or he knows what is going down. Stay on point people.
4 Major Points Discussed
1. Valuation
2. Bitcoin Only Transactions
3. Technical Specifics
4. Legal Structure
great story here: https://cointelegraph.com/news/kim-dotcom-megaupload2bitcache-will-take-bitcoin-mainstream
off chain transactions = centralized, and not secure from hacking and attacking
this is a bad investment
I would have thought so just from seeing his name to be honest - something screams "do not trust this guy" when I see him. IMO
I know the feeling, he's bad news for bitcoin
10000 wallets with $5 worth of btc in each wallet on a centralized service is NOT secure, because it's not on a blockchain. Coinbase is centralized, and I dont trust coiunbase is safe. I keep my bitcoin on Gemini exchange because it's regulated and insured, I dont trust myself with a hardware wallet
also whatever software they intend to use for all those bitcoin wallets and transfers should be made open source, so bitcoiners dont have to ask for more details, but he did not say anything about open source, that's the first thing he should have said.. he shady as fuck
he is famous for engaging in illegal activities, I used megaupload, nothing about that service was legit
Kim dotcom for president!
megaupload2.0