KimDotcom: Loses control of Mega no longer secure. Plans open source implementation.

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gzt

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# 177384 31-Jul-2015 16:07

Interesting story here:

Kimdotcom (interview): I'm not involved in Mega anymore. Neither in a managing nor in a shareholder capacity.

The company has suffered from a hostile takeover by a Chinese investor who is wanted in China for fraud. He used a number of straw-men and businesses to accumulate more and more Mega shares. Recently his shares have been seized by the NZ government. Which means the NZ government is in control. In addition Hollywood has seized all the Megashares in the family trust that was setup for my children. As a result of this and a number of other confidential issues I don't trust Mega anymore. I don't think your data is safe on Mega anymore.

But my non-compete clause is running out at the end of the year and I will create a Mega competitor that is completely open source and non-profit, similar to the Wikipedia model. I want to give everyone free, unlimited and encrypted cloud storage with the help of donations from the community to keep things going.

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BDFL - Memuneh
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# 1356150 31-Jul-2015 16:11

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Seriously? Did people ever trust that?

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Geektastic

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# 1356154 31-Jul-2015 16:13

Sounds a bit Tin Foil Hat...

frankv

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# 1356155 31-Jul-2015 16:16

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Chinese investor who is wanted in China for fraud

Pot, kettle, ...

gareth41

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# 1356397 31-Jul-2015 23:56

His adds for mega are still booming out constantly on a west Auckland station

Dreal

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# 1356410 1-Aug-2015 00:50

I believe it. Dude might be wary, but he's hardly a meth head. Look at five eyes.

Mega is certainly not the hit he was hoping for anyway. Interesting that this guy, no matter the odds, or conditions keeps fighting. Not sure if thats idealism, passion or niavety, but its interesting.

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JayADee

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# 1356461 1-Aug-2015 07:02

The whole thing just gets weirder and weirder.

sbiddle

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# 1356462 1-Aug-2015 07:09

Mega hasn't really been his for a long time anyway - it's surprising he's really only admitting that now.

MikeB4

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# 1356464 1-Aug-2015 07:16

sbiddle: Mega hasn't really been his for a long time anyway - it's surprising he's really only admitting that now.

He seems to be trying the caped crusader role now to try and avoid the inevitable.

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muppet

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# 1356469 1-Aug-2015 07:40

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I wish he'd lose control of his voice and/or his ability to communicate.

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reven

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# 1356474 1-Aug-2015 08:00

dont trust anything from that guy

Geektastic

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# 1356483 1-Aug-2015 08:26

Dreal: I believe it. Dude might be wary, but he's hardly a meth head. Look at five eyes.

Mega is certainly not the hit he was hoping for anyway. Interesting that this guy, no matter the odds, or conditions keeps fighting. Not sure if thats idealism, passion or niavety, but its interesting.

It is. Also it has probably made him more money than the rest of us put together!

tripp

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# 1356485 1-Aug-2015 08:30

I use it as a backup system (free account). However everything is encrypted by my machine before it gets encrypted and uploaded by mega

DravidDavid

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# 1356918 2-Aug-2015 02:01

Mega might not have picked up over here. But it's been popular in other countries. Funnily enough, it's still one of the best platforms for harboring stolen content.

Sometimes what you don't get is a blessing in disguise!

Geektastic

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# 1357128 2-Aug-2015 13:55

DravidDavid: Mega might not have picked up over here. But it's been popular in other countries. Funnily enough, it's still one of the best platforms for harboring stolen content.

And by extrapolation I presume for non-stolen content?

Dreal

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# 1357939 3-Aug-2015 16:18

Geektastic:
Dreal: I believe it. Dude might be wary, but he's hardly a meth head. Look at five eyes.

Mega is certainly not the hit he was hoping for anyway. Interesting that this guy, no matter the odds, or conditions keeps fighting. Not sure if thats idealism, passion or niavety, but its interesting.

It is. Also it has probably made him more money than the rest of us put together!

I have seen links around. But its not like the old days where everything was hosted on his servers. Perhaps this model makes more money though.

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