Last week news.Bitcoin.com reported on Kim Dotcom’s teaser video of the highly anticipated Bitcache application. We got early access to the K.im platform this week and decided to test the Bitcache demo – a new application that lets content creators earn bitcoin through microtransactions.
Testing Bitcache and the Demo Version of K.im
Kim Dotcom has been teasing his fans and bitcoiners about his new Bitcache application for quite some time, while also fighting an extradition to the U.S. Bitcache works with the K.im platform and allows anyone to upload documents, code, videos, and music files so they can get paid in bitcoin for their work. Users just upload their content to a broad range of storage services and social platforms, and they get an embedding code for their websites, and the content can also be shared on Facebook, Twitter, via email, and Google. When the file is uploaded to a distribution site payment is required to download the content, and the creator gets paid in bitcoin.
We got early access invite to test K.im, as the application is currently in demo form. After getting a special link to the website, I was greeted by a page that lets you create a Bitcache wallet. Bitcache provides you with a private key, wallet ID, and a password and this is where bitcoin is sent when users download content. After I created my wallet, I decided to upload my “How to Solve the Rubik’s 3X3” document using the K.im platform.
While my Rubik’s 3X3 document was uploading, I selected a price to charge people who could later download my instruction manual. I set the price at five cents, and the value was converted into bits, and my upload was then complete. Next, I was directed to a page where users can customize how customers will see how the video, file, or document will look. You can add a title, introduction, description, cover image, and choose the content’s category.
Following the customization page, the platform directs you to the Bitcache wallet section where you tether your wallet to the content. I entered my wallet ID and password that was given to me at sign up. After the wallet is tied to the content, you go to a distribution page that has a massive list of cloud storage services, P2P torrent mirrors, and other social media services. Storage sites include Dropbox, Google Drive, Mega, Nitroflare, Wikileaks, Reddit, Usenet, Demonoid, and many more are available. Further, users can upload their content to ‘swarm sites’ such as Storj, Sia, Filecoin, and IPFS. You can also upload the content to multiple distribution sites at once.
After my Rubik’s 3X3 document was uploaded to K.im’s back end, I chose to upload it to every single cloud storage service listed. When all the uploads finished, I was shown a preview of the content and users can now download my Rubik’s solve instructions for five cents worth of bitcoin. K.im provides you with a link to embed a widget on your website, and you can also share the link to social media and directly through emails or message apps.
Five Simple Steps and Users Can Distribute Content All Across the Web and Be Paid in Bitcoin
I was pretty impressed with the K.im platform’s user interface and the simple-to-use Bitcache wallet. Everything is pretty easy if you are used to platforms like Imgur or other content sharing websites.
Additionally, the wide range of distribution sites to upload content adds more flare to the application as there’s a lot to choose from. All the platform needs to do is catch on with the masses, and it could be an attractive vehicle for people to get paid with bitcoin microtransactions for content. With Kim Dotcom being a well-known figure in the online sharing industry he might just be able to pull it off.
What do you think about the K.im platform and Bitcache? Let us know in the comments below.
Images via Shutterstock, K.im, and Bitcoin.com.
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