Bitcoin

Kim Dotcom could be building bitcoin’s killer app

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The Aspen Institute’s Walter Isaacson has actually called it journalism’s ” rescuer,”while the creator of Javascript, Brendan Eich, is developing a range of innovations to turn it into a reality. The thinking is that bitcoin offers an affordable method to send tiny quantities of value online,without the charges imposed by the”old banking system,” as Isaacson put it.Kim Dotcom’s concept is to permit any publisher online to easily charge readers tiny amounts for content with” one line of code “on their site. This service would ultimately extend beyond specific files or streams to whole sites, he states in his demo video.The chances are stacked against Kim Dotcom’s new venture. He’s launching Bitcache as a service for a rebooted version of his original business Megaupload,

which permitted users to upload big files, and others to download them totally free, or pay a fee as a member for quicker speeds. Consumers are now spoiled for option when it comes to complimentary, or paid, alternatives for sharing big files– just look at Dropbox or any other cloud storage service. The web landscape today is absolutely nothing like 2005, when Megaupload was founded.But if Kim Dotcom can get his new service to the scale of the 150 million users he generated with Megaupload, he might be the one to unlock bitcoin’s potential as a payments layer for digital goods of all kinds.Read this next:< a href=https://qz.com/937312/bitcoin-btc-is-tearing-itself-apart-again-and-its-price-is-yo-yoing/ > Bitcoin’s civil war threatens to blow up the cryptocurrency itself

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