The Pirate Bay Now Accepts Bitcoin Donations

#1

Post by Lightning » Mon, Apr 22, 2013, 11:55 PM UTC

The Pirate Bay Now Accepts Bitcoin Donations
torrentfreak.com

Re: The Pirate Bay Now Accepts Bitcoin Donations

#2

Post by Xcelerate » Tue, Apr 23, 2013, 1:47 AM UTC

Sigh.. is any publicity better than none? I'm not sure. I am a little bit disturbed that sites that promote illegal or NSFW material are the ones that are quickest to adopt Bitcoin. It's already well-known for being associated with the Silkroad.

We need local businesses, or even corporations to start adopting Bitcoin! When this starts happening at a large scale, I think we'll see a tipping point in Bitcoin adoption.

Re: The Pirate Bay Now Accepts Bitcoin Donations

#3

Post by niggler » Tue, Apr 23, 2013, 1:53 AM UTC

Xcelerate wrote: post #2

Sigh.. is any publicity better than none? I'm not sure. I am a little bit disturbed that sites that promote illegal or NSFW material are the ones that are quickest to adopt Bitcoin. It's already well-known for being associated with the Silkroad. We need local businesses, or even corporations to start adopting Bitcoin! When this starts happening at a large scale, I think we'll see a tipping point in Bitcoin adoption.

IF that happens. There is still a chicken-egg dynamic at play (businesses don't plan on holding BTC and no one seems to reliably hedge against USDBTC volatility at a scale that justifies using it for business. Expenses are still in dollars so revenue needs to reliably exceed expenses. If that means grossly unfavorable prices, people will just convert BTC to USD first.)

Re: The Pirate Bay Now Accepts Bitcoin Donations

#4

Post by mynameishere » Tue, Apr 23, 2013, 2:38 AM UTC

When it comes to donations, people will take boxes of used clothing. Better than nothing, right? Post something when Boeing will take Bitcoins for a 737.

Re: The Pirate Bay Now Accepts Bitcoin Donations

#5

Post by beedogs » Tue, Apr 23, 2013, 2:48 AM UTC

> One of the advantages for the operators of the infamous BitTorrent site is that Bitcoin funds can’t easily be seized or traced back to a person.

But that last bit isn't true at all. It's trivial to trace Bitcoin transactions.

Re: The Pirate Bay Now Accepts Bitcoin Donations

#6

Post by Devilboy » Tue, Apr 23, 2013, 2:55 AM UTC

beedogs wrote: post #5

> One of the advantages for the operators of the infamous BitTorrent site is that Bitcoin funds can’t easily be seized or traced back to a person. But that last bit isn't true at all. It's trivial to trace Bitcoin transactions.

Only to other Bitcoin transactions.

Re: The Pirate Bay Now Accepts Bitcoin Donations

#7

Post by ZeroCoin » Tue, Apr 23, 2013, 3:41 AM UTC

beedogs wrote: post #5

> One of the advantages for the operators of the infamous BitTorrent site is that Bitcoin funds can’t easily be seized or traced back to a person. But that last bit isn't true at all. It's trivial to trace Bitcoin transactions.

You should read up about Zerocoin here: http://blog.cryptographyengineering.com/2013/04/zerocoin-mak...

It's going to be presented at the ieee conference next month.

Re: The Pirate Bay Now Accepts Bitcoin Donations

#8

Post by dotx3 » Tue, Apr 23, 2013, 4:00 AM UTC

Xcelerate wrote: post #2

Sigh.. is any publicity better than none? I'm not sure. I am a little bit disturbed that sites that promote illegal or NSFW material are the ones that are quickest to adopt Bitcoin. It's already well-known for being associated with the Silkroad. We need local businesses, or even corporations to start adopting Bitcoin! When this starts happening at a large scale, I think we'll see a tipping point in Bitcoin adoption.

Isn't this similar to how VCR's, DVDs and BluRays were chosen by the porn industry?

Re: The Pirate Bay Now Accepts Bitcoin Donations

#9

Post by danilocampos » Tue, Apr 23, 2013, 4:09 AM UTC

mynameishere wrote: post #4

When it comes to donations, people will take boxes of used clothing. Better than nothing, right? Post something when Boeing will take Bitcoins for a 737.

> When it comes to donations, people will take boxes of used clothing.

People including the Pirate Bay?

Re: The Pirate Bay Now Accepts Bitcoin Donations

#10

Post by hayksaakian » Tue, Apr 23, 2013, 5:14 AM UTC

Xcelerate wrote: post #2

Sigh.. is any publicity better than none? I'm not sure. I am a little bit disturbed that sites that promote illegal or NSFW material are the ones that are quickest to adopt Bitcoin. It's already well-known for being associated with the Silkroad. We need local businesses, or even corporations to start adopting Bitcoin! When this starts happening at a large scale, I think we'll see a tipping point in Bitcoin adoption.

the illegal industries push progress forward.

If all illicit/immoral/illegal transactions happened in BTC, the likelihood that "proper/legitimate" transactions happen in BTC is higher.

Because: - now people know how to use BTC - they are comfortable spending BTC - they have some BTC on hand (that they may typically spend on illicit goods)

Publicity is publicity is publicity