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especially ... "Bitcoin is a perfect fit for Mega, which wants to distance itself from governments as much as possible." my take ... Bitcoin is a perfect pay

especially ... "Bitcoin is a perfect fit for Mega, which wants to distance itself from governments as much as possible." my take ... Bitcoin is a perfect payment option for global merchants who have customers in countries where credit card fraud is rampant - as well as those desiring privacy. Coincidentally, I performed an international wire transfer today where the outbound fee was about 4%. If my merchant had accepted bitcoins it would have cost me only 1% to get my dollars into Coinbase bitcoin and my merchant would likewise incur a low fee to get their received bitcoin payment into Polish currency. Indeed, the bitcoin economy is growing exponentially - from a very small base.

nodata 14y ago
> as well as those desiring privacy. Can you explain this part a bit?
- jlgreco 14y ago
  Better than credit cards, worse than cash. There aren't any mixer services, for whatever they may or may not be worth, that work for credit cards (and you don't necessarily have to get bitcoins in a way that traces back to you. You could, for example, buy some weed with cash and sell it for bitcoins.).
- kolinko 14y ago
  You want to buy something, and you don't want that on your credit card bill. BTC is the way to go.
lolcraft 14y ago
My take: Kim Dotcom knows very well that Bitcoin is an absurdly deflationary currency, and wants to long it as much as he can, as soon as he can. As you very well point out, there's a possibility the bitcoin economy will grow exponentially, from a very small monetary base :)
- badgar 14y ago
  Betting big on hoarding bitcoins? Seems smart, almost like it's part of the design. /s