The Megaupload copyright infringement case is approaching farce. In the latest twist, the ever-flamboyant Kim Dotcom, founder of Megaupload and lead defendant in the case, has offered to waive extradition proceedings and travel to the U.S. to face charges, provided the U.S. government unfreezes his assets so he can pay his massive legal bills as well as living expensive for himself and his co-defendants. Dotcom announced the offer, via Twitter, one day after a New Zealand court postponed the next hearing on his extradition from next month to next year. Rather than an actual offer of compromise, however, Dotcom seems to be trying to call the FBI’s bluff. ”They will never agree to this and that is because they can’t win this case and they know that already,” he told the New Zealand Herald. Those looking for an overview of the actual legal issues at stake in the case may want to check out Fortune magazine’s feature story on the saga posted today. It’s generally unsympathetic to Dotcom, but it gets the legal issues right.