Well I knew this was going to happen Bitcoin Torrents

The big ones have been taking donation for a while

Yep pirate bay has

this is gona get popular with all these kinds of file sharing sites now which could really stuff up bitcoins in the end

This site was reported on by TorrentFreak in March

http://torrentfreak.com/bitfetch-deb...nloads-130330/

There have been others, they don't seem to be gaining alot of traction. The main reason why they aren't so successful is that Bitcoin is far from mainstream.

Bitcoin is being accepted on more and more sites and I think it will become even more popular over the comming years

Some of the sites using cryptocoins like this one http://www.bitroad.co.uk/ for example are poping up all over the place, and also betting sites like this https://www.bit777.com/ are becoming more popular. I think over time cryptocoins be it Bitcoins, Litecoins or Feathercoins or other cryptocoins will only get way more popular and also be accepted in a lot more mainstream shops.
I went and purchased a new graphics card from a computer shop and was suprised to see the bitcoin sticker in his window. When I asked him about it he was not only accepting bitcoins but had a rig at the back of his shop and was minning. This guy has owned the shop for 18 years and he also thinks that it will be the future of online payments.

bitfetch.com has an Alexa rank of 4 million, most of the people visiting it do so out of seeing it linked to from TorrenFreak or other syndications of TorrentFreak

An earlier bitcoin based file locker downloader came and went last year with no fanfare.

Everyone says "BitCoin will save piracy", but it won't because most people don't even know it exists, or if they do it's too complicated for them.

You have to remember 90% of the population aren't up to the level of even the novices on this forum, they don't know and don't care about Bitcoin and even if they did they would have no idea how to buy then spend it.

I got to agree buying bitcoin is hard and buying goods is still not great when i tried them on on namecheap i found it a right hassle.

Ohh Im not just talking about Bitcoin there is way more than Bitcoin around and now Litecoin is also being accepted in a lot more places. I sure hope Bitcoin doesnt save piracy but I do think that in time cryptocoins will be one of many very popular payment systems online.
Over time cryptocoins will become much easier to use to buy and sell goods.
I remember when Bitcoin first started to become popular it was so confusing to even get it as a payment gateway on a site now it is so much easier to do, and there are sites which you can sign up to like a merchant account and add BTC as a payment. They were never around a few years back.

Minning is also becoming easier if thats the way you want to go with sites like P2Pool.org around where you dont have to configure any conf files or any other files

For any kind of cryptocoin to have a chance of going mainstream it needs to interface to the common transactional systems available on this planet - this means bank accounts and credit cards. For that to happen there will need to be regulation.

The people who are lucky enough to be benefiting from the Paypal/Epoch trial remark at the increase in sales from that integration. Nobody on the planet is shouting about the money that they are making by having Bitcoin as a payment option.

Until the people who control monetary systems (read: Governments) adopt the Bitcoin (or other crypto currency) there is no mainstream future for it. On the contrary, I believe that the US Government has already made it clear what it thinks of Bitcoin.

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.

It is going to take time just like any other payment system when its new, but I think if you get your foot in the door early with sites accepting cryptocoins you will make $$ from it. Or if you keep an eye on the cryptocoin market and pump and dump the right ones you can also make a lot of $$ from it. The computer guy who owns the shop I was talking about in my other post made good money from pumping and dumping Bitcoins but he got in early and he went and purchased a new motorcycle with it lol. There are websites trading goods soley using bitcoins and litecoins

It doesent as bitcoin has showed and for the government to stop it will be pretty hard I think they know this allready. There are far more countrys in the world than the US and not all of us trade cryptocoins for USD. I think you are missing the fact that this is something completly new just like when the "tube sites" appeared everybody was saying they wont last they cant monetise ect ect. They are still here and bigger than ever.They to were not that popular at first ..look at them now. I thought the same when I first played about with Bitcoins I never knew it would go this far or still be around and I lost out. There is a need for this kind of online currency and it will stop a lot of rebills and merchants accounts being shut down specially with paypal. I dont mean pirates embracing it either I mean legit websites like namecheap ect

I'm not missing anything, I have thought long and hard about the potential of Bitcoins and other crypto currency and have come to the conclusion that it won't provide a real alternative to existing systems.

The reason for that conclusion is that we live in a world dominated by financial systems that operate at the pleasure of the regulators and Government. When ordinary people go to the Supermarket or spend money online they will reach for the simplest, easiest and most trusted form of payment. Offline this is cash and credit cards, online this is Paypal and Credit Cards.

Until such time as people can interface their real world currencies with crypto currency it will not take off. People usually get their earnings paid into a bank account and then spend from those earnings, without a way to transfer to crypto currency most of those people will ignore crypto currency.

The odd computer store or domain registrar or Silk Road accepting Bitcoin will not lead to adoption by the overwhelming majority of people who know nothing about Bitcoin.

Go into any city street and stop twenty people, ask them if they have considered using Bitcoin to pay for things. Most people will not know what Bitcoin is, those that do will mostly think it's too difficult and complicated.

"It wont reach mainstream adoption because it doesn't already have mainstream adoption."

http://en.wikipedia.org/wiki/Circular_reasoning

Huurrrrrr durrrrr

However that's not what I said, I said it won't reach mainstream adoption until it can easily interface with people's bank accounts and credit cards. Until Joe Average can transfer funds from his bank account to his crypto currency wallets with ease then crypto currency will remain the realm of fantasists and dreamers or those with some nefarious need for such a thing.

Don't misquote me.

Stopped reading after "That's not what I said" I don't argue with stupid fucks who misdirect to argue.
My paraphrase was perfectly fine.

Canada to Mint Its Own Crypto-Currency

The Royal Canadian Mint has invented a new, digital currency called MintChip intended to be an alternative to using debit and credit cards.

http://www.technologyreview.com/view...ypto-currency/

I've been watching bitcoin.

I recently came across a bitcoin website with API's to create purchase and donate with bitcoin buttons.



https://coinbase.com/

It's definitely growing, but I think the US Government will eventually put a stop to it.

A currently they cannot control is something they will do anything to stop.

That may gain local traction. The prime advantage being that it is released by a corporation under control of the Crown, (i.e.: Government Sanctioned). In other words it shall be properly regulated.

Being properly regulated shall mean that it will be less desirable for nefarious use than Bitcoin and illegal use will be much easier to police.

Bitcoin and other contenders in the crypto currency space do not enjoy the support of regulators or Governments.

In fact banks and credit cards do not want easy interfacing with cryptocurrencies to happen anytime! Since it would cannibalize the banks and credit cards profit on transfer fees. Banks providing easy interface with bitcoin it is as unlikely to happen, as adult pay sites putting links to tubes and piracy forums in join page: dear user, choice if pay fees to us, or get the same for free.
While governments already shown how they dislike the whole bitcoin thing - even writing a cease and desist letter to just the bitcoin foundation which exchanged no dollars... the govt it may be unable to stop it all. I would not fear the govt, as there are also many govts, you may move to iceland, let's say. But the banks (and credit card or other financial institutions) can be (and been already) more strict than the govts, in all the world. Most exchangers lost their bank account just for banks policy or decisions, without any government order needed. Simply the bank X decides does not work with company BitSomething because of "whatever excuse. really, is bitcoins". You try to change bank and you learn that bank Y, Z also will not work with you. You learn some bank (silicon valley bank? The bank of small european country?) is very cool and work with bitcoin - until after some year, it will no more because the financial institutions will let the bank choice: lose capability of [process cards / connect to SWIFT / whatever] or drop bitcoin accounts.

There is way more illegal use with banks, paypal, credit cards/ debit cards than what there is with bitcoin. The governments cant even control this correctly. The amounts of money which is stolen or laundered or used for other illegal activities is staggering compared to how many they actully catch.

This is correct, which is why Bitcoin will not gain widespread acceptance.

I'm not debating that illegal things are done with traditional transactional systems, what I am trying to point out is that Bitcoin will remain simply a novelty and will not gain widespread acceptance.

This thread began by mentioning a pseudo anonymous torrent download site with Bitcoin payments enabled. The site is Alexa 4 million and get's less traffic than many failed adult webmaster blogs. The site received extensive publicity in March and despite that nobody has flocked to use it.

If every file locker moved to Bitcoin tomorrow they would all be bankrupt by the end of the month.

Give it time, cryptocoins are becoming more popular by the day and will continue to grow into new markets as its allready doing, and lets hope that is does not start a whole new trend of illegal file sharing sites cause I think that could damage the whole cryptocoin market

Most successful technology fulfils a need. Nobody needs crypto currency. For the bulk of the population Visa and Mastercard suit them just fine.

I don't believe any form of crypto currency, including Bitcoin, will be adopted by the mainstream until it's embraced by banks and financial regulators.

In any case, it will be a very long time until the pirates of this world can monetize effectively using crypto currency.

Its allready in mainstream and has been for some time, there are even sites doing a bitcoin cashback when you purchase from them.
Like these

http://we-wood.us/

http://us.strawberrynet.com

http://dx.com

https://secure.getresponse.com

http://www.avira.com

http://www.kaspersky.co.uk

http://www.bitdefender.de

http://www.nero.com/

http://www.newyorkpass.com

and more

Im not sure why you keep saying it wont be adopted by mainstream? There are even ATM machines you can now use

This is all fringe stuff. Nobody is shouting from the rooftops saying they are making money by accepting Bitcoin. What these (mostly tech) companies do achieve by accepting Bitcoin is publicity - something that makes it worthwhile to promote themselves as accepting Bitcoin.

There's no shortage of news about Bitcoin ATM's such as http://techcrunch.com/2013/07/02/bitcoin-atm/

However the fact is that these machines are illegal in most western countries, so I don't know how they're going to get around the regulatory issues.

In any case, the premise of this thread was about Bitcoin being leveraged in Piracy and the fact is that nobody is making money with Piracy and Bitcoin, that may change but I doubt it in the short to medium term.

I have been educating our community the negatives of using crypto currency's for piracy . Sadly i have seen first hand other coin devs actually encouraging using it for piracy.

as a former digital currency exchanger let me say this:

95% not 90% like adult king said, will never even get the concept of virtual currency and how to load/unload/exchange


just accept it...bit coin is going nowhere...it has NO advantages other than for shady shit...its JUST like every digital currency before only less convenient and more unstable...

Current situation:

Bitcoin it is an exchange collectible thing used exclusively between young male people involved into one or more of: drugs [only because you can't trade with banks anywhere in the world], gambling like poker, betting [only because you can't with US banks and lots ofther places where illegal], video gaming hardware and software [this because geeks "mine" with the need of ultimate graphic cards, "litecoin" exists because with bitcoin you can no more mine with video gaming cards, need ASICs], ddos/virus service, and hosting or service capable of resist ddos/virus [eventually same guys provide both, in a circle]. But really, 99% of transactions are not done to buy drugs, gamble, videogaming hardware or hosting or any product: that's simply trading for forex-like investment game. There is no any other audience for cryptocurrencies at the moment, for what I can see. Is not even for the fact that someone is afraid it is illegal.

The future:

In the case (unlikely?) that all of the torrent and filelocker sites (including forums with links to them) will lose all of: billers and advertising sources (both, not just one of the two!) - then these would end up to be much like drug shops and so, would actually need to use bitcoin, as last resort. However, as AdultKing knows, even thepiratebay and filelocker forums main sponsors include respected cam program(s) actively promoted by most GFY users, also in posts and signatures. Plus gambling and various make money scam videos and toolbar spammy installs and whoever got the cash to pay advertising space there. Until now, those piracy sites can have their hosting and legal protection fees paid (plus a profit) by a large number of advertisers, even competing for the space and keeping the price up. I know, since I run a cam site, and I find always the piracy sites answering me, that I can't advertise since cam program X or Y pre-paid for month(s) in advance... but to try after a few months, just in case. Piracy sites they're more expensive and full-booked than legal sites to advertise into, try yourself

About adult sites:

I may add bitcoin + litecoin revshare program in a few months (when free time of developer permits), just to see if some people who is enthusiast of bitcoin and litecoin may want to support my site, just for the fact I supported bitcoin + litecoin. You see like fetishits guy here he posts bitcoin supporter sites for free with no affiliate link, this is useful. I would make a few friends who may post my site link around, that's what I expect - nothing more. Then in 2020 perhaps I am ready, when it starts to go more mainstream - or if will keep vapourware in 2020 - I wasted some time in adding this feature, just for hobby. I wasted way more time and money paying PPS to filipino chat traffic affiliates