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courts / governments / general population don't like this industry.
blackmailing a big number of small users will just bring a lot of unwanted attention from everyone. It backlashed for the music industry, it will be much worst for porn.
btw, I'm sure a lot of the users downloading/sharing these torrents are kids in their teens (no money, horny, lots of free time, tech savvy,... ) can you imagine the mess when parents get the letters? they will try to go after eveyone for letting their kids watch this dirt. I'm pretty sure they will never pay a dime.
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