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It's a small step in the right direction.
Even if they do shut down Limewire another will pop up or the users of Limewire will switch to another service. The only way to stop these sites is to block them from countries where they infringe the law of that country. Then the advertising revenue will plummet and the reason for the sites to be up will disappear.
Another way is to sue the downloaders.
No way is 100% but all are better for the economy than theft.
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