Entrepreneur Kim DotCom Vows To Provide Free, Encrypted Cloud Storage

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Kim DotCom, the entrepreneur behind the popular file sharing website Megaupload, has recently vowed to create another cloud storage service that offers free, unlimited and encrypted storage to anyone who signs up.
DotCom was once at the target of a highly publicized raid on his compound in New Zealand several years ago. The raid happened because authorities felt as if DotCom’s Megaupload service was in violation of several international copyright laws.
In terms of Megaupload and its current usability, DotCom mentions that Megaupload is “Unsafe” to use. DotCom claims that as a result of his infamous 2012 raid, authorities are trying to seize investment shares of the company that were previously held by anonymous investor located in China.
“Hollywood has seized all the Megashares in the family trust that was set up for my children,” says Kim DotCom.
“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,” added DotCom.
DotCom has signed a non-compete agreement in conjunction with his departure from Mega. In fact, DotCom has no business dealing with Mega since his departure and the company is currently owned by investors who are named publicly. However, DotCom’s non-compete agreement terminates at the end of 2015 and he’s using this opportunity to get back into the online storage arena.
DotCom said that he plans to 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.”
This open source, Wikipedia style of encrypted cloud storage that DotCom speaks of does not currently have a name. If DotCom has his way, he’ll find a way to disrupt the online storage industry as he has in the past.