File Lockers are starting to pay by Bitcoin a paypal alternative

[halfpint]

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/

[CAHEK]

Somali Pirates should also take bitcoin for the ship ransom

[halfpint]

Originally Posted by CAHEK

Somali Pirates should also take bitcoin for the ship ransom

U know what I really really hope that the Filelockers and Torrents do not use it like they seem to think will happen because it could have a pretty bad effect on Bitcoins. Yes it will certianly open up another market for Bitcoins and other cryptocurrencies but could have a real bad down side too.

I allready know some torrents are using it

Great saying things like this too

"If Kim Dotcom uses his celebrity to bring attention to the use of Bitcoins for cyberlocker access, welding the two together will most likely bring both out with a much bigger market than before and make both of them much more resilient to economic siege by the copyright industry."

[Creatine]

Originally Posted by halfpint

U know what I really really hope that the Filelockers and Torrents do not use it like they seem to think will happen because it could have a pretty bad effect on Bitcoins. Yes it will certianly open up another market for Bitcoins and other cryptocurrencies but could have a real bad down side too.

I allready know some torrents are using it

Great saying things like this too

"If Kim Dotcom uses his celebrity to bring attention to the use of Bitcoins for cyberlocker access, welding the two together will most likely bring both out with a much bigger market than before and make both of them much more resilient to economic siege by the copyright industry."

Lmfao.
Dude skill road used it, a website designed for selling drugs, hiring hit man, and purchasing fire arms.

Who fucking cares what bitcoin is used for, the more people using it the more valuable it is.

Tye best thing to do for bitcoin would be to build payment system plugins for every major CMS project.

Worspress , joomla, mybb, vbylletin, etc, etc.

They already have a plugin for mybb and worspress which is good.

[EpicPanda]

Originally Posted by Creatine

Who fucking cares what bitcoin is used for, the more people using it the more valuable it is.

Wrong! It's already vulnerable to government intervention. Keep using something primarily for crimes and money laundering, and they make the case for having it banned even easier.

[anexsia]

Originally Posted by halfpint

U know what I really really hope that the Filelockers and Torrents do not use it like they seem to think will happen because it could have a pretty bad effect on Bitcoins. Yes it will certianly open up another market for Bitcoins and other cryptocurrencies but could have a real bad down side too.

I allready know some torrents are using it

Great saying things like this too

"If Kim Dotcom uses his celebrity to bring attention to the use of Bitcoins for cyberlocker access, welding the two together will most likely bring both out with a much bigger market than before and make both of them much more resilient to economic siege by the copyright industry."

Please do some research on how Bitcoin works and also look at all the places that are now currently accepting Bitcoin. There are a large number of online stores now accepting Bitcoin and some brick & mortar stores, etc. Infact I believe there are now some adult paysites and adult hosting companies that are now accepting bitcoins.

It's very easy to accept and process bitcoin payments and for things such as adult paysites it's fantastic because it allows people who don't normally trust adult sites (cross selling, credit cards banged, statements showing weird charges, etc) to purchase memberships via Bitcoin which offers a somewhat anonymous way to pay!

Just because filelockers, torrent sites, drug websites (Silk Road 2.0, Black Market Reloaded, etc) use Bitcoin for payments doesn't mean it's bad.

[brassmonkey]

just wait until they make a payment option like paypal

[AHarper]

What I don't understand is:

Why are people more willing to spend money on those sites than on usual adult sites? Both provide more or less the same, downloading xxx videos for money. With the difference that they sell stolen stuff.

[Creatine]

Originally Posted by anexsia

Please do some research on how Bitcoin works and also look at all the places that are now currently accepting Bitcoin. There are a large number of online stores now accepting Bitcoin and some brick & mortar stores, etc. Infact I believe there are now some adult paysites and adult hosting companies that are now accepting bitcoins.

It's very easy to accept and process bitcoin payments and for things such as adult paysites it's fantastic because it allows people who don't normally trust adult sites (cross selling, credit cards banged, statements showing weird charges, etc) to purchase memberships via Bitcoin which offers a somewhat anonymous way to pay!

Just because filelockers, torrent sites, drug websites (Silk Road 2.0, Black Market Reloaded, etc) use Bitcoin for payments doesn't mean it's bad.

I know legitimate websites also use bitcoin. That doesn't change anything.

Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

The government has no say in bitcoin. They can seize the bitcoin domain however people will still have the client downloaded and can simply spread it through other means.

Notice it says everyone can take part. That includes torrent services, vps providers, and file lockers. It's not a currency designed for adult paysites.

If you want something for adult paysites go with sexcoin.

[L-Pink]

Originally Posted by anexsia

Just because filelockers, torrent sites, drug websites (Silk Road 2.0, Black Market Reloaded, etc) use Bitcoin for payments doesn't mean it's bad.

But, the last thing a bitcoin investor should want is this form of currency regulated as a way to stop criminal activity. Cutting off the money supply is currently the favorite tool of law enforcement.

[jódete]

Originally Posted by PhadPanda

Wrong! It's already vulnerable to government intervention. Keep using something primarily for crimes and money laundering, and they make the case for having it banned even easier.

[freecartoonporn]

Originally Posted by halfpint

U know what I really really hope that the Filelockers and Torrents do not use it like they seem to think will happen because it could have a pretty bad effect on Bitcoins. Yes it will certianly open up another market for Bitcoins and other cryptocurrencies but could have a real bad down side too.

I allready know some torrents are using it

Great saying things like this too

"If Kim Dotcom uses his celebrity to bring attention to the use of Bitcoins for cyberlocker access, welding the two together will most likely bring both out with a much bigger market than before and make both of them much more resilient to economic siege by the copyright industry."

kim dot com wont promote bitcoin, as he has his own coin http://www.megacoin.co.nz/
and yes, you have a valid point. it just a matter of time when kim starts pushing his coin on the the buyers..and many will follow , there will be more exchanges and monopoly too, its just like owning a private version of paypal. fucking awesome.

i guess , at that time AK have to retire.

[seeandsee]

Originally Posted by freecartoonporn

kim dot com wont promote bitcoin, as he has his own coin http://www.megacoin.co.nz/
and yes, you have a valid point. it just a matter of time when kim starts pushing his coin on the the buyers..and many will follow , there will be more exchanges and monopoly too, its just like owning a private version of paypal. fucking awesome.

i guess , at that time AK have to retire.

Mega(shit)coin is not Kimdotcom coin...

[brassmonkey]

Originally Posted by l-pink

but, the last thing a bitcoin investor should want is this form of currency regulated as a way to stop criminal activity. Cutting off the money supply is currently the favorite tool of law enforcement.

= taxes they want money! Nothing else they don't care if the money is flowing!

[AdultKing]

At some point people will need to enter the traditional financial system and it's at that point we can cut them off. Unless a company supporting piracy wants to be confined to bitcoin and bitcoin alone then we can still get them.

[halfpint]

Originally Posted by Creatine

Lmfao.
Dude skill road used it, a website designed for selling drugs, hiring hit man, and purchasing fire arms.

Who fucking cares what bitcoin is used for, the more people using it the more valuable it is.

Tye best thing to do for bitcoin would be to build payment system plugins for every major CMS project.

Worspress , joomla, mybb, vbylletin, etc, etc.

They already have a plugin for mybb and worspress which is good.

You think i dont allready know that lol I run a website which is a directory for businesses using cryptocoins and yes I am well aware of some very big names on the web who use it legitimately, Hell you can even buy a pizza with Bitcoins now

My point is once it is commonly used by filelockers, torrents ect, you will see the big film and music companys doing thier utmost to destroy it, They seem to be winning with payment options like paypal, if they have leverage over a comapny like paypal you can bet your ass they will do everything in thier power to do the same with Bitcoins. It will also give the goverments a nice big fat opertunity to get cryptocurrenys off the web.

[halfpint]

Originally Posted by AdultKing

At some point people will need to enter the traditional financial system and it's at that point we can cut them off. Unless a company supporting piracy wants to be confined to bitcoin and bitcoin alone then we can still get them.

There are many ways to sell bitcoin even on ebay now its very popular, how are you going to know if the guy is making bitcoins on his site then selling them on ebay ?

It would be almost impossible to trace his wallet because most people use more than one wallet You can use any number of wallet addresses, One for the business, one to transfer the coins to another one for selling ect

[halfpint]

This guy is allready only accepting bitcoins, edit... he is also using paypal lol

https://couchpota.to/

[Tookie-]

Originally Posted by halfpint

This guy is allready only accepting bitcoins, edit... he is also using paypal lol

https://couchpota.to/

I just jacked a ton of your videos and am selling them via bitcoin, lol

[AdultKing]

Originally Posted by halfpint

There are many ways to sell bitcoin even on ebay now its very popular, how are you going to know if the guy is making bitcoins on his site then selling them on ebay ?

We're not concerned about end users.

[halfpint]

Originally Posted by AdultKing

We're not concerned about end users.

um you got the wrong end of the stick


I run a website which accepts bitcoins

The bitcoins I recieve form the website i can go and sell on ebay using a totaly different bitcoin wallet address
Infact I could make up 5 diff accounts on ebay and sell my bitcoins which i have earned from my website using different bitcoin addresses

How are you gonna know ?

I will still be making money from my website !!

[halfpint]

Originally Posted by Tookie-

I just jacked a ton of your videos and am selling them via bitcoin, lol

Jack all you want its not my site

[freecartoonporn]

Originally Posted by seeandsee

Mega(shit)coin is not Kimdotcom coin...

err, my bad

[kane]

Originally Posted by Creatine

I know legitimate websites also use bitcoin. That doesn't change anything.

Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

The government has no say in bitcoin. They can seize the bitcoin domain however people will still have the client downloaded and can simply spread it through other means.

Notice it says everyone can take part. That includes torrent services, vps providers, and file lockers. It's not a currency designed for adult paysites.

If you want something for adult paysites go with sexcoin.

Couldn't the US government do like they did with online gambling and pass a law that outlaws US based banks from processing or handling any kind of bitcoin transaction?

It seems to me that bitcoins would have far less value if you weren't able to cash them for actual US dollars (or whatever currency any individual's country used).

[DamianJ]

Originally Posted by PhadPanda

Wrong! It's already vulnerable to government intervention. Keep using something primarily for crimes and money laundering, and they make the case for having it banned even easier.

I'm not a criminal, but as far as I know, most crimes and criminals use cash. That's not been banned.

[DamianJ]

Originally Posted by AdultKing

We're not concerned about end users.

How about the uploaders and locker providers that will be using bitcoins.

But what I think you meant to say was:

Originally Posted by AdultKing

We're not concerned about payment methods we can't ever stop or take credit for pretending we were responsible for stopping.

[DamianJ]

Originally Posted by AdultKing

At some point people will need to enter the traditional financial system and it's at that point we can cut them off. Unless a company supporting piracy wants to be confined to bitcoin and bitcoin alone then we can still get them.

How many bitcoin sites have "you" "closed" down?

Yeah, I thought so.

[TheSquealer]

Originally Posted by kane

Couldn't the US government do like they did with online gambling and pass a law that outlaws US based banks from processing or handling any kind of bitcoin transaction?

It seems to me that bitcoins would have far less value if you weren't able to cash them for actual US dollars (or whatever currency any individual's country used).

This is what children don't understand about monetary systems and our banking system. At best, bitcoins and crypto-currencies have a future in their own ecosystem and bitcoin to bitcoin transactions... it has no future at all within the actual banking system. Any transaction in any real currency is regulated and can be restricted or further regulated. Regulation of financial transactions is a necessity for everyone's benefit. Hating governments doesn't make that fact untrue.

The height of stupidity is believing that an anonymous currency (which can never be allowed to exist on any real level) and one that is used to buy illegal drugs, guns, contract murders etc etc etc etc is somehow not going to get crushed for what should be the most obvious of reasons.

[AdultKing]

Originally Posted by halfpint

um you got the wrong end of the stick


I run a website which accepts bitcoins

The bitcoins I recieve form the website i can go and sell on ebay using a totaly different bitcoin wallet address
Infact I could make up 5 diff accounts on ebay and sell my bitcoins which i have earned from my website using different bitcoin addresses

How are you gonna know ?

I will still be making money from my website !!

How will you pay for your infrastructure ? How will you pay your uploaders ? How will you transact in the real world ?

At some point you're going to need to use regular financial systems to effect payments somewhere and it will be at that point we will get you.

There are also many other ways to mitigate your activities, we can get your hosting killed and we can get your domain seized. You can also be investigated for tax evasion or money laundering if income is not declared.

[kane]

Originally Posted by TheSquealer

This is what children don't understand about monetary systems and our banking system. At best, bitcoins and crypto-currencies have a future in their own ecosystem and bitcoin to bitcoin transactions... it has no future at all within the actual banking system. Any transaction in any real currency is regulated and can be restricted or further regulated. Regulation of financial transactions is a necessity for everyone's benefit. Hating governments doesn't make that fact untrue.

The height of stupidity is believing that an anonymous currency (which can never be allowed to exist on any real level) and one that is used to buy illegal drugs, guns, contract murders etc etc etc etc is somehow not going to get crushed for what should be the most obvious of reasons.

That has always been my worry/skepticism about bitcoins and others like it. Sure, it is gaining in popularity and could carve out a decent niche for itself, but at some point it is still reliant on the regular banking world either from people wanting to use their cash to buy bitcoins or wanting to sell them for cash and if governments decide to block those transactions it could be very bad for that currency.

[mineistaken]

Originally Posted by AHarper

What I don't understand is:

Why are people more willing to spend money on those sites than on usual adult sites? Both provide more or less the same, downloading xxx videos for money. With the difference that they sell stolen stuff.

Waaaaaaaay more content on filelockers, plus you get not only porn, but movies and so on.

[postalsex]

thats how bitcoins get a bad reputation.... fuck filelockers!

[adultmobile]

Originally Posted by freecartoonporn

kim dot com wont promote bitcoin, as he has his own coin http://www.megacoin.co.nz/

http://cryptolife.net/in-depth-altco...ysis-megacoin/

"the community is very reminiscent of a cult. Some of them seem to be truly convinced that kimoto is none other than Kim Dotcom, founder of megaupload. Let?s make this clear, Kim Dotcom is NOT associated with megacoin. Megacoin supporters are manipulating people into thinking that he is, to inflate the value of the coin."

Is funny enough that Kim DotCom was victim of pirates copying his stuff

[EpicPanda]

Originally Posted by DamianJ

I'm not a criminal, but as far as I know, most crimes and criminals use cash. That's not been banned.

This is a snarky side track, but did you see the news about the 500 Euro note and $1000 bill being taken off the market because law enforcement advised that it was being used by criminals to stockpile wealth and do large transactions?

Yes, they'll ban what they can, even types of fiat cash.

[Creatine]

Originally Posted by adultmobile

http://cryptolife.net/in-depth-altco...ysis-megacoin/

"the community is very reminiscent of a cult. Some of them seem to be truly convinced that kimoto is none other than Kim Dotcom, founder of megaupload. Let’s make this clear, Kim Dotcom is NOT associated with megacoin. Megacoin supporters are manipulating people into thinking that he is, to inflate the value of the coin."

Is funny enough that Kim DotCom was victim of pirates copying his stuff

I actually thought megacoin was by Kim Dotcom. It's a serious scheme going on. Good thing I didn't invest in it.

[mayabong]

I actually predicted this would happen way back when on the file locker thread, and was laughed at.

[AdultKing]

1 bitcoin is worth 1 bitcoin when the means to transfer it into other currency goes away.

[mayabong]

Here is a thread I made months ago. My prediction is coming true.

https://gfy.com/showthread.php?t=1108...bong+bitcoi n

[isteve]

Originally Posted by AdultKing

1 bitcoin is worth 1 bitcoin when the means to transfer it into other currency goes away.

What will you do if file locker sites accept BTC only, pays their uploaders by BTC and sell the BTC they earn locally, using LocalBitcoins ( https://localbitcoins.com/ ), and still declare their profit and pay their taxes?

In such a system, the site owners and its uploaders sells BTC for cash, the cash then gets added to their bank account (since the site owner pay his taxes) using manual deposit of cash.

If I was you, I would begin to think for a new strategy to fight piracy, because your current way of dealing with it won't work with BTC only sites.

Good luck.

[mayabong]

Originally Posted by isteve

What will you do if file locker sites accept BTC only, pays their uploaders by BTC and sell the BTC they earn locally, using LocalBitcoins ( https://localbitcoins.com/ ), and still declare their profit and pay their taxes?

In such a system, the site owners and its uploaders sells BTC for cash, the cash then gets added to their bank account (since the site owner pay his taxes) using manual deposit of cash.

If I was you, I would begin to think for a new strategy to fight piracy, because your current way of dealing with it won't work with BTC only sites.

Good luck.

Or use all the energy to try to work with the technology and make a profit. You are like a mailman on a crucade against email.

[isteve]

Originally Posted by mayabong

Or use all the energy to try to work with the technology and make a profit. You are like a mailman on a crucade against email.

I personally believe that making a profit from piracy is bad and I think AK's work must be done to fight piracy. I just believe he will need to adjust his strategy to make it work with BTC only illegal sites.

[mayabong]

Originally Posted by isteve

I personally believe that making a profit from piracy is bad and I think AK's work must be done to fight piracy. I just believe he will need to adjust his strategy to make it work with BTC only illegal sites.

I think its even more of a game of wack a mole. As time goes on, there is less and less need to go to cash. You can just spend Bitcoins directly. If he thinks he's going to stop bitcoin being converted to any currency everywhere on earth, he has a screw loose.

[isteve]

Originally Posted by mayabong

I think its even more of a game of wack a mole. As time goes on, there is less and less need to go to cash. You can just spend Bitcoins directly. If he thinks he's going to stop bitcoin being converted to any currency everywhere on earth, he has a screw loose.

Unfortunately, you are totally right.

[Sin_Vraal]

you know, I really hate file lockers. but I really hate paypal and visa/mastercard telling me what I can do with my money more.

anything that tells them to Go fuck themselves makes me happy. so I say good. fuck those fucking monopolies.

[halfpint]

Originally Posted by AdultKing

How will you pay for your infrastructure ? How will you pay your uploaders ? How will you transact in the real world ?

At some point you're going to need to use regular financial systems to effect payments somewhere and it will be at that point we will get you.

There are also many other ways to mitigate your activities, we can get your hosting killed and we can get your domain seized. You can also be investigated for tax evasion or money laundering if income is not declared.

You can pay your users via Bitcoin, You can buy domains using Bitcoin, You can buy hosting using Bitcoin, hell you can be totaly legal using only bitcoins and there are legit companys using Bitcoins. It would be very very easy to run a site using only bitcoins and still be able to exchange it for real money whether its done on an exchange or sold on "the streets" by meeting people face to face, or sold through ebay, or by buying goods with Botcoins and reselling them.

So you have the power to sieze domians and you can investigate peoples taxes ... How many domains have u had siezed so far and how many people have you investigated for tax evasion and money laundering ? I think you are talking out of your ass because you would have no legal right to investigate peoples taxes or have thier domains siezed lol.

Unfortunatly the whole filelocker and torrent scene is evolving and yes it sucks to see filelockers and torrents using Bitcoin now but it was bound to happen in the end.

[RRobin]

Is ShareCash doing the same ?

[Markul]

Originally Posted by halfpint

You can pay your users via Bitcoin, You can buy domains using Bitcoin, You can buy hosting using Bitcoin, hell you can be totaly legal using only bitcoins and there are legit companys using Bitcoins. It would be very very easy to run a site using only bitcoins and still be able to exchange it for real money whether its done on an exchange or sold on "the streets" by meeting people face to face, or sold through ebay, or by buying goods with Botcoins and reselling them.

So you have the power to sieze domians and you can investigate peoples taxes ... How many domains have u had siezed so far and how many people have you investigated for tax evasion and money laundering ? I think you are talking out of your ass because you would have no legal right to investigate peoples taxes or have thier domains siezed lol.

Unfortunatly the whole filelocker and torrent scene is evolving and yes it sucks to see filelockers and torrents using Bitcoin now but it was bound to happen in the end.

[_Richard_]

love all this talk about regulation lol

cause that has definitely been a strength of ours

regulation