Comments on: Payment Provider Hands Over Name of Torrent Site Owner

By: Guest

Guest — Sun, 02 Oct 2011 20:23:00 +0000

@Danny: If it’s good enough for Operation Occupy Wall Street, it’s good enough for Torrent site owners.

In fact, it’s possible to actually pay for a torrent tracker’s Web hosting with Bitcoin, not just accept donations in it. That means you can deny your Web hosting provider ANY way to establish your real identity.

By: Guest

Guest — Sun, 02 Oct 2011 20:23:00 +0000

@Danny: If it’s good enough for Operation Occupy Wall Street, it’s good enough for Torrent site owners.

By: jeff cliff

jeff cliff — Sun, 02 Oct 2011 18:46:00 +0000

@Danny I’ve convinced my local food market to accept bitcoin. There’s at least 3 places (that I’ve found to buy food with bitcoin). That’s just so far.

By: Scary Devil Monastery

Scary Devil Monastery — Fri, 30 Sep 2011 11:16:00 +0000

“The solution we all need is to do away with the money basis for society itself. That’s a nasty, feudalistic system that enshrines the notion of rich and poor, free and serf as well as a huge array of nasty dark sides like starvation, most crimes, pervasive pollution for the profit in it and conspicuous consumption (crappy products made as cheap as possible that break as quickly as possible and get thrown out so people have to buy a new product and feed the monster we call an economy).”

This is a theorethically perfect solution, just like theorethical communism. There’s only one minor drawback. In order to “do away” with money you first need either endless resources with a flawless distribution system…or you need “perfect people” willing to follow an ideal without deviation, at great personal expense.

I.e. you can get rid of the concept of money in the same way you can run functional communism – very well in small scale (kibbutzes and some medieval villages) and very poorly or not at all in larger scale than that.

By: Scary Devil Monastery

Scary Devil Monastery — Fri, 30 Sep 2011 11:11:00 +0000

Second that…any global currency today is subject to market forces in the same way Bitcoin is. The main reason Bitcoin still fluctuates is simple – the user base is, today, small. Once you hit a critical mass of people those fluctuations will be mitigated to the same sort of fluctuation which is experienced by the Dollar or Euro.

There’s only one real throttle/boost-function on “real” currency – interest rates set on a national level by governments which impacts the currency value indirectly by motivating consumers to save, loan or spend.

It’s the same thing however – back when the US first started printing dollars the dollar was a pyramid scheme as well, according to those criteria. Any startup currency would be, when early adopters could see their net worth rising just by the fact that the currency was demanded.

And here’s a tidbit of trivia – what do you think happens to the US dollar should China sell off all their US bonds in one go? The answer is something similar to what Germany went through in 1920. Which is one reason the US keeps playing very very nice with China these days, almost no matter the provocation.

By: Anonymous

Anonymous — Thu, 29 Sep 2011 15:04:00 +0000

tinyurl.com/2df4ccp

By: Guest

Guest — Thu, 29 Sep 2011 10:00:00 +0000

Except Seychelles now provides facilities for an American drone airbase.

By: Whatever69

Whatever69 — Thu, 29 Sep 2011 09:14:00 +0000

Article is outdated. The payment provider issued a press release yesterday saying that when BREIN contacted them, the informed the “alleged person” and that person then voluntarily reported himself to BREIN. But to make a point, on earlier cases, BREIN insisted that the payment provider handed over the details again/as well. And so they did but only AFTER the alleged person was already known to BREIN and was on speaking terms.

The provider in question is Techno Design; a very small company that has no core business in ePayments whatsoever.

By: Jay

Jay — Thu, 29 Sep 2011 05:25:00 +0000

I just heard about ACTA bypassing Congress to be ratified. NOT happy with my government screwing me over…

By: Jay

Jay — Thu, 29 Sep 2011 05:24:00 +0000

Protests work but are quite limited in scope. The message isn’t enough to change the rules, which is the problem.

Finding alternatives to the current situation helps out a lot more. Like some people have mentioned, there are alternatives to using Paypal or even a traditional bank that can make you lose all of your funds if it’s given automatically to either law enforcement or a copyright agency for enforcement purposes.

So far, I know of two:

UKash
Bitcoin.

If more appear, I’ll be sure to add them here as I check this but I think a post about other alternatives than just fake names or protests may work far better.