piratebay bitcoin id:
https://blockchain.info/address/1KeB...yGHqcL7aKzwTve
To date, they made 52 coins from 217 transactions, which is $5000, really small considering the bitcoin address is in footer of home page and all pages and shown to several million people. This is like 1 donation every one million impressions (pageviews)!?!? A total fail. Any text link put there would have generated a multiple of this by advertising anything. I think the real purpose and value of that bitcoin donation advert it is for a political idelology, to teach more people bitcoin exists actually. In fact, if more (or all) the pirate sites will offer bitcoin payments, this will teach (after some time) a bigger number of people what bitcoin is, and how to use it.
I've read an article this week which stated that 95% of bitcoin transactions are done between the same few people to look like bitcoin is successful. And that only 0.000001% of transactions was to buy something (which is, silkroad drugs), all rest it was just propaganda or forex-like investing transactions which create no any product sales.
Just compare with when Epoch added PayPal in payment mode recently (for euro users only), I seen my epoch sales nearly doubled, and from people who never purchased before (germans , italians... who was free user since ages, even years, I checked...). So PayPal is more popular and trusted for online payments than direct visa/mc itself. Bitcoin instead (I agree with Adultking there) it is so less popular, locked on negative horizon of popularity I would say: send cash on envelope via snail mail is more popular yet. Because even if you tell me "but so many people got bitcoins", I can answer: "but they use these to just buy and sell bitcoins like a game, if they want to buy something, they use paypal/credit card instead of their precious coins".
I don't say cryptocurrencies is stupid. Those guys who mine and buy/sell coins with a loss (instead of a profit they hoped) is stupid, everyone will agree with me on this. Those few others who made profit are ok guys, just an honest way to make money without work (based on the stupid guys, needed for the math to balance), but all these coin transactions was not used to buy or sell any product or service yet.
I find it probable that those coins will be used to buy and sell something in a future, but more likely 5-10 years time, than shortly. Perhaps even 15-20 years.
