This year’s “adpocalypse” reinforced the idea that YouTube stars need to diversify their revenue streams, and one place where those creators can find fresh funding is from their fans. As more YouTubers solicit contributions from their viewers, controversial tech entrepreneur Kim Dotcom believes the cryptocurrency Bitcoin can serve as a powerful solution for them. His new venture, Bitcache, is a service designed around Bitcoin micropayments, and to put it to test, he is looking to partner with creators who have more than 500,000 subscribers.
Bitcoin, which currently has a favorable exchange rate with US dollars — one bitcoin exchanges for about $4,375 — has had issues processing micropayments. Bitcache makes those micropayments smooth and efficient, and Dotcom hopes YouTube stars will see the sense in employing his service for those transactions. “Bitcache for YouTubers!” he tweeted on August 26. “More income for YouTubers! YouTubers with 500k+ subs may DM me for beta partnership.”
Teaser: Bitcache for YouTubers!
More income for YouTubers!
YouTubers with 500k+ subs may DM me for beta partnership. https://t.co/rBFPp0XEy0Subscribe for daily Tubefilter Top Stories
— Kim Dotcom (@KimDotcom) August 26, 2017
He also shared a video introducing his “Bitcache for YouTubers” program:
The YouTubers who link up with Bitcache won’t just be taking a risk on a new micropayment platform. They will also be joining forces with a man who could soon face trial on copyright infringement charges. Dotcom is best known as the founder of Megaupload, a file-sharing service that was seized by the US government in 2012. The US is currently trying to extradite Dotcom from his home in New Zealand, though the entrepreneur believes he will continue to elude the law enforcement officials who are harrying him. “The US extradition case is dying,” he tweeted last month. “And someone is going to pay for this mess.”
