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Traffic from pirates can for sure convert cams, just looks the streamate popunders of thepiratebay and those mfc or livejasmin ones all around others. It makes sense (to who knows cam users does not search "porn"), I can confirm I got cam sales from full dvdrip sites - not that I had targeted piracy. Simply some ad networks shown my ads in pirate sites too when purchased generic "us ca au" traffic. I found out by checking http referers of pay users in a second moment... and reported this in the kill file lockers thread, with very little reactions. Piracy ads are not cheaper so I buy those less controversial ("legal tubes" etc), but would apparently make no big difference in conversions.
Now, to further claim: piracy traffic converts prerecorded content sites... if these sites content is not fully available for free immediately... this may be questionable. I remember that manwin advertised brazzers on thepiratebay and to people complaining here in gfy, Fabian answered: well, what if it is worth and converts. But this is manwin, nothing normal or to compare with.
It is however true that piracy sites create awareness of products. I remember now that back in 1990's when I was into shareware, I had a web design tool it costed $20 to buy, and I remember when it was "cracked", it been listed everywhere next to photoshop and the such, everyone knew it existed, more magazines reviewed it and most traffic seemed to come from pirate sites. Also this first crack that came out was very complicated to apply, needed to read a .nfo file and do lots of steps, so lots people was so lazy they buy the license. Had to change key system and sales was good as some guy wanted last version which was not cracked anyway. However guys this was 1990's when any ccbill site was doing a million dollar sales a month.
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