Piracy: ꜱᴀɪʟ ᴛʜᴇ ʜɪɢʜ ꜱᴇᴀꜱ

55928 readers

539 users here now

⚓ Dedicated to the discussion of digital piracy, including ethical problems and legal advancements.

Rules • Full Version

1. Posts must be related to the discussion of digital piracy

2. Don't request invites, trade, sell, or self-promote

3. Don't request or link to specific pirated titles, including DMs

4. Don't submit low-quality posts, be entitled, or harass others

Loot, Pillage, & Plunder

📜 c/Piracy Wiki (Community Edition):

🏴‍☠️ Other communities

Torrenting:

Gaming:

💰 Please help cover server costs.


Ko-fi	Liberapay

founded 2 years ago

MODERATORS

[email protected]

TorrentGalaxy Pleads Financial Difficulties, Asks Users to Chip In (torrentfreak.com)

submitted 6 days ago by [email protected] to c/[email protected]

13 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 46 points 6 days ago (5 children)

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?

[–] [email protected] 1 points 8 hours ago* (last edited 8 hours ago)

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.

[–] [email protected] 1 points 2 days ago

Wow, seriously why are they using bitcoin? XMR is untraceable, why use a traceable currency?

[–] [email protected] 21 points 6 days ago (1 children)

Unless the site has been high jacked by the feds and they want to be able to track people 🧐

[–] [email protected] 14 points 6 days ago (1 children)

Would they go to all that effort to nab a few downloaders? They don't even get prosecuted if caught, usually.

[–] [email protected] 7 points 6 days ago

Just off the top of my head, they could be using the evidence of a person donating to a torrent group as probable cause to see what other illegal activity that person has been up to…

I was mostly joking in response to why a torrent tracker would be asking for donations in a cryptocurrency that can be traced…

[–] [email protected] 6 points 6 days ago (1 children)

Could you not do BTC to XMR then to w.e else after that? And if youre donating you should do XMR to BTC.

[–] [email protected] 15 points 6 days ago (2 children)

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.

[–] [email protected] 2 points 7 hours ago (1 children)

Not exactly. Lightning makes it super cheap and instant.

[–] [email protected] 1 points 4 hours ago

Interesting. I thought Lightning was a fork like BTC Cash, not a feature compatible with BTC itself.

On another note I just noticed it's gotten harder to buy Monero in the EU, at least Kraken no longer offers them (damned money laundering, sadly the laws are necessary). Luckily thanks to legalization I no longer use it.