Kim Dotcom Previews Bitcache, Introduces Megaupload 2's Bitcontent
Kim Dotcom has recently tweeted a preview of the long-rumored, much anticipated Bitcache system. He also introduced Bitcontent, a sales platform based on his upcoming Megaupload 2. “Get ready Bitcoiners,” Dotcom tweeted. “Bitcache will take Bitcoin to the mass market.”
Also read: Don’t Expect to See Kim Dotcom’s Bitcoin Babies Until Later this Year
Kim Dotcom’s Walkthrough
In his video, Dotcom called the demo “a first walkthrough of how the features work and how the site looks.” The first screen of the demo self-proclaims the system a “trusted global distribution of digital goods.”
The preview began with Dotcom unveiling a smooth interface which he called Bitcontent. It allows users of his platform to monetize any file by uploading it to a “Bitcache container” and charging a price in bits to download or stream it. He showed a four-step process which allows users to sell items online for bitcoin through his Megaupload 2 website and through widgets that can be inserted into other websites online.
The Four Steps of Bitcontent
The First Step
Immediately after uploading any content onto the system, a page called “Price” will be displayed, which lets users choose the amount of local currency or bits that they would like to sell their content for. “We will always display currency in bits to your audience,” according to the instructions on the page. However, there is a currency setting which allows prices to be displayed in any currency on a drop-down menu.
Dotcom said that the price of the download is set by the user who uploaded the content, adding that it can be anything such as two pennies or twenty dollars. Three options listed are the abilities to limit the number of downloads to a certain number, to allow people to pay more for it, and to only allow streaming of the content.
The Second Step
The ‘Details’ step allows users to add content into text boxes in order to create a mini-sales page, complete with a banner image to help market the product.
The Third Step
The ‘Account’ page has users either log into their Bitcache wallets, or set up new ones which only require an email address and a password. The username for the wallet is the email address. After account creation, new users must confirm by email before using their wallets.
The Fourth Step
The fourth and final page, called ‘Distribute,’ displays the widget and a code snippet that sellers will use to insert into their own websites. The page also offers a short, share-ready link to be spread around for marketing purposes, to attract others to the sales 
page.
In the demonstration, Bitcontent hosted the sales pages on MU2.com. There is no word yet if that will be their final home, or if the Korean-registered MU2.com domain, which is still unfinished, will be searchable. There is also no mention of how it will be kept safe from takedown attempts once people start selling pirated goods on Bitcontent.
Finally, the process allows for uploading more files to the offering, and for further customization of the widget for colors and other appearances. The widget has a pop-up customer sales/support box, which allows the seller to talk to potential buyers through Bitcontent.
Dotcom said that Bitcontent will be able to sell “files and video streaming” from the start and, at a later stage, it will be able to sell “entire websites to monetize their content, for example, for news sites.” However, he still has not given an estimated launch date. He tweeted:
Your privacy & security matters. Bitcache will ultimately replace credit card payments on the Internet. That’s how big this is. Watch me.
What do you think of Kim Dotcom’s preview? Let us know in the comments section below.
Images via Shutterstock, Twitter, and Kim Dotcom
Want to create your own secure cold storage paper wallet? Check our tools section.
Related
Bakkt Regulated Bitcoin Futures Now Live on Major Exchange
Trading is now live for Bakkt's regulated, physically-delivered daily and monthly bitcoin futures, with the first trade executed at 8:02… read more.
What Google’s Quantum Breakthrough Means for Blockchain Cryptography
We’ve been warned for years that a quantum computing breakthrough is just around the corner. When that day comes, we’re… read more.
