Well of course this was going to happen ....
Paypal is now well known for a sort of sanctimonious attitude towards sites that they feel will damage their ability to make money and now that cyberlockers are under fire from copyright conglomerates such as the RIAA, MPAA, and BRIEN. This comes during the long-burn of Megaupload by the U.S. government at the behest of these copyright cartels and now Paypal pulling out means that many of them will lose a primary source of funding and accessibility to the general public.
According to TorrentFreak, Paypal has stopped working with cyberlockers such as MediaFire, Putlocker, DepositFiles, and many others citing concerns of piracy.
Even the newest folk hero of cyberlockers, somewhat infamous Kim Dotcom, has come out asking the community on Twitter about better payment systems than PayPal and U.S. credit companies to upkeep this advancement of Internet innovation. As we all know, the MPAA and RIAA have gone to credit transaction companies and gotten them to withdraw their support from sites that may be capable of supporting piracy (which means any and every cyberlocker out there.)
An obvious answer comes to mind from the growing population and functional use of a digital cryptocurrency we already know: Bitcoin.
The e-currency is still in its rough-start stage when it comes to technology and much of that has been because it?s been treated as a fanatic commodity by a small but extremely loyal group who keep it afloat. It also fluctuates in value too often for most people to want to store their money with it; but we have seen it used effectively for an intermediate currency and a number of services do take bitcoins as compensation?such as Bitmit.net auctions and several VPN providers who also take the currency.
Full story here http://siliconangle.com/blog/2012/07...coins-big-win/
Kim Dot Com's site Mega allready is offering Bitcoin
Bitcoin has a major new online participant, but it may not help the experimental online currency's reputation as an economic medium for extra-legal activities.
Kim Dotcom, founder of file-locker service Mega, recently announced plans to begin accepting Bitcoin?the world's most popular decentralized, alternative currency?as payment. It's a none-too-surprising move for an entrepreneur who has run afoul of U.S. law in recent years.
http://www.dailydot.com/news/kim-dotcom-mega-bitcoins/
Paypal is now well known for a sort of sanctimonious attitude towards sites that they feel will damage their ability to make money and now that cyberlockers are under fire from copyright conglomerates such as the RIAA, MPAA, and BRIEN. This comes during the long-burn of Megaupload by the U.S. government at the behest of these copyright cartels and now Paypal pulling out means that many of them will lose a primary source of funding and accessibility to the general public.
According to TorrentFreak, Paypal has stopped working with cyberlockers such as MediaFire, Putlocker, DepositFiles, and many others citing concerns of piracy.
Even the newest folk hero of cyberlockers, somewhat infamous Kim Dotcom, has come out asking the community on Twitter about better payment systems than PayPal and U.S. credit companies to upkeep this advancement of Internet innovation. As we all know, the MPAA and RIAA have gone to credit transaction companies and gotten them to withdraw their support from sites that may be capable of supporting piracy (which means any and every cyberlocker out there.)
An obvious answer comes to mind from the growing population and functional use of a digital cryptocurrency we already know: Bitcoin.
The e-currency is still in its rough-start stage when it comes to technology and much of that has been because it?s been treated as a fanatic commodity by a small but extremely loyal group who keep it afloat. It also fluctuates in value too often for most people to want to store their money with it; but we have seen it used effectively for an intermediate currency and a number of services do take bitcoins as compensation?such as Bitmit.net auctions and several VPN providers who also take the currency.
Full story here http://siliconangle.com/blog/2012/07...coins-big-win/
Kim Dot Com's site Mega allready is offering Bitcoin
Bitcoin has a major new online participant, but it may not help the experimental online currency's reputation as an economic medium for extra-legal activities.
Kim Dotcom, founder of file-locker service Mega, recently announced plans to begin accepting Bitcoin?the world's most popular decentralized, alternative currency?as payment. It's a none-too-surprising move for an entrepreneur who has run afoul of U.S. law in recent years.
http://www.dailydot.com/news/kim-dotcom-mega-bitcoins/
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