Ah I see this was in reference to your convergent encryption post above. Point taken.
Assuming that it works this way, it would allow Mega to figure out if you own a known "bad" file. Just take something like "New_Jay-Z_Album.zip," hash it, and try the hash against your encrypted files. It seems like Kim is trying to avoid this problem.
Of course this will only give you the key to that one particular file, not any other files that you do not have yourself.