His “baby” is not going in the direction he envisioned. This is a private investor company, and their will be internal squabbles/politics, and KDC is no longer any part of that.
Personally, I think KDC is partially right. It could always do with some more scrutiny though, and a better/bigger-name/open audit. The company’s business model is based on this – it they were foudn to be compromised, the entire service would collapse. Encryption works – if you’re doing it right, then Mega is secure.
Mega on the other hand, encrypts files locally before uploading, and some source code is on github, and there have been audits, not to mention that the security/protection/privacy/encryption on Mega’s launch was probably one of the most scrutinized ever. But he also plans to build a new cloud service once his non-compete clause expires. On one hand KDC has never lied to us before and he still has an indirect interest in a 6% shareholding (in a family trust for his children, managed by his wife). I read TF’s article last night – I don’t know what to make of it.
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