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Piracy: ꜱᴀɪʟ ᴛʜᴇ ʜɪɢʜ ꜱᴇᴀꜱ @lemmy.dbzer0.com

TheImpressiveX @lemm.ee

7d ago

TorrentGalaxy Pleads Financial Difficulties, Asks Users to Chip In

torrentfreak.com TorrentGalaxy Pleads Financial Difficulties, Asks Users to Chip In * TorrentFreak

TorrentGalaxy reportedly has trouble paying the bills. The torrent site requests users to help out by donating.

14 comments

Soliciting donations and using fucking bitcoin of all things is mind blowing to me. How are you gonna get your money out without everyone tracing you?
- Bitcoin is pseudonymous - Transactions are transparent, yes, but the addresses are not linked to any PII - The exception comes in when the user uses a Centralised Exchange that does exactly this, it bridges anonymous addresses with PII via KYC.
  Bitcoin can be sold anonymously using P2P DEXs (decentralised exchanges), where the fiat transaction has no link to Bitcoin.
  That's assuming they even would want to sell.
  All in all, it comes down to how the user uses the tool. Bitcoin can be as privacy preserving as anyone wants. But if they KYC, they can kiss any privacy goodbye, and really, that's the misunderstanding that has reached most non-Bitcoin users these days. Experiences based on a lack of understanding.
- Wow, seriously why are they using bitcoin? XMR is untraceable, why use a traceable currency?
- Unless the site has been high jacked by the feds and they want to be able to track people 🧐
  
  Would they go to all that effort to nab a few downloaders? They don't even get prosecuted if caught, usually.
- Could you not do BTC to XMR then to w.e else after that? And if youre donating you should do XMR to BTC.
  
  Another problem with BTC is the extremely high transfer costs. Donating XMR directly makes smaller donations viable, while BTC is only attractive for large donors.

I know absolutely nothing about hosting a site like this, how much does it actually cost? It doesn't seem like a particularly resource intensive application?
- The cost might go up significantly if they're actually hosting the .torrent files. They could save space and bandwidth by only hosting the magnet links like The Pirate Bay did.

14 comments