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Kim Dotcom’s Bitcache a US$13.5m Failure, Liquidator Report Reveals * TorrentFreak

blackholeOn July 23, 2023, the High Court in Auckland, New Zealand, put a company called Bitcache Limited into liquidation.

Founded on July 28, 2016, Bitcache Limited was the legal entity behind Kim Dotcom’s Bitcache, an upcoming blockchain/crypto solution set to revolutionize the utility of Bitcoin through the introduction of cost-effective microtransactions. That was more than seven years ago; almost a lifetime in whatever unit crypto-years are measured in these days.

The Greatest Thing Since Sliced Bread

During the summer of 2016, Kim Dotcom was teasing fresh information about the imminent debut of Megaupload 2.0. Set to launch in January 2017, every file transfer on the platform would be linked to a bitcoin transaction, taking “decentralization, anonymity & encryption to the next level. A nightmare for those who want to mass surveil & censor,” Dotcom said.

The technology making all of this possible was Dotcom’s groundbreaking Bitcache; unseen in public but allegedly capable of…

You can read the full Torrent Freak article here

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