(Newslink) - Kim dotcom just lauched Bitcache demo - Lauch date: 9 months after ICO

Kim dotcom just showed a sneak preview of bitcache and shared it to media to try it out !

"Request your demo invitation now.  Please tweet your opinion about K.im using the hashtag #ICO  Enjoy the demo"

https://twitter.com/KimDotcom/status/902561602666283008

Kim Dotcom may be spending much of his time fighting extradition from New Zealand to the U.S.,  where he faces copyright infringement and money laundering charges, but  he's also busy working on the successor to Megaupload, the online  storage service that got him into this trouble.

The  idea behind K.im is to let people upload their songs, movies, or  documents once and then propagate them across a plethora of other  platforms: cloud storage services such as Dropbox and iCloud,  peer-to-peer networks such as Kickass Torrents, and social media  services such as WeChat and Weibo. When a creator uploads a file, they  also get the code for a widget that they can embed on their own  websites, inviting people to buy the file. Essentially, wherever the  file goes, it takes with it the functionality to demand payment for  using it."We  have our own file type," Dotcom explains. "So to open [it] you will  need one of our apps or third party apps that will use our [application  programming interface]. That way we ensure that no matter where your  file is hosted, the content owner gets paid."

People uploading to K.im can set their own price (shown in U.S. dollars)  for each file, and choose from several extra features for the file's  availability: it can be a "limited giveaway," people can pay more than  the price that's shown, and the files can also be set to be  streaming-only, obviating any downloads.

One odd feature in the demo Fortune was shown was the ability to distribute files to media organizations such as The New York Times and CNN—and Wikileaks. This functionality, Dotcom explains, is for whistleblowers.

A notable effort is Flattr, an online tipping service that was this year  bought by Eyeo, the company behind the ad-blocking service Adblock  Plus. As we reported last year, Eyeo is trying to get publishers to adopt Flattr as a way for people to pay for the articles they read. As with Brave, a browser startup from Mozilla co-founder Brendan Eich,  the idea here is to get readers to set aside a certain amount of money  each month, then monitor their engagement with the articles they consume  and automatically reward the publishers based on that engagement.

For Dotcom's latest endeavor, the next big step is an initial coin  offering (ICO)—a trendy fundraising technique in which investors get  virtual coins rather than shares—in the fourth quarter of this year. "We  will go live within nine months after the ICO," Dotcom says.

http://fortune.com/2017/08/29/kim-dotcom-bitcache-bitcoin-payment/