• CoinStic
  • Posts
  • Internet Firebrand Kim Dotcom Predicts Crypto Takeover

Internet Firebrand Kim Dotcom Predicts Crypto Takeover

October 01, 2019

Appearing on the Keiser Report, internet entrepreneur Kim Dotcom says he’s planning to launch his new peer-to-peer digital content and monetization blockchain K.IM.

Kim says he believes a crypto revolution is unstoppable, but cautions that developers have more work to do to get the masses on board.

“I want to be part of this revolution. I want to deliver the products that actually allow people to utilize crypto in a meaningful way. That’s still a bit lacking, but it’s coming.

There are so many developments out there. So many cool new products that are coming out. There’s no way for anyone to stop this train.”

K.IM’s new platform is designed to utilize crypto assets and encryption to give people a decentralized way to share files.

“We allow people to upload content onto the internet in an encrypted container, then the encrypted container becomes a file shop. So people who want to access the content that is inside, they do the crypto payments and everything within that container and it unlocks what is inside the containers.

So it’s a new way of doing e-commerce without a middleman, without banks, credit cards. It’s from consumer to vendor, or from consumer to consumer.”

Kim, whose popular file-sharing website Megaupload was shut down by officials in the US in 2012, says he’s pushing to make K.IM the biggest platform he’s ever created.

“K.IM really delivers the promise of the internet: freedom of speech, freedom of commerce and freedom of finance, all in one package…

The nature of it is decentralized and it’s P2P. It’s user-controlled. We are not hosting any files for anybody. So it’s really up to the users to manage the containers.”

Bitfinex is hosting an initial exchange offering for the token K.IM at the end of the month, with K.IM scheduled to launch in the third quarter of next year.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.