Google Looks To Cut Funds To Illegal Sites
rbrandis writes "Google is in discussions with payment companies including Visa, MasterCard and PayPal to put illegal download websites out of existence by cutting off their funding. If Google goes ahead with the radical move, it would not mark the first time that illegal websites have been diminished or driven out of business by having a block put on their source of money."
Thanks Google/banks for killing your own model and building the strength of your sucessor.
If it's left up to one Government to determine what is and is not an illegal site, this is ripe for abuse. Or, what if Google decides that a site (lets say, Mega) is illegal, when in fact it's not?
Google? This is why Bitcoin is necessary. We can't continue having commercial entities controlling the money flow.
Who decides what website is illegal? A website that may be deemed illegal in one country may not be in another.
This was the case with WikiLeaks and how their funding was diminished. The same would be the case with phone unlocking sites fro example.
Isn't Google making money via advertising on youtube with all the posted videos that are infringing on copyrights?
_ _ _ Go for the eyes Boo! GO FOR THE EYES!
the plans, still in discussion, would also block funding to websites that do not respond to legal challenges, for example because they are offshore.
So, if the "legal challenges" have a basis in fact, why not use existing laws? Sounds like a mechanism to make American laws apply to everyone in the world. And they don't even have to prove guilt, just send a threat from a lawyer, which is rightfully ignored, then Google pulls the plug on the site's income, site erased.
"Legal tender" is anything the government says it is.
"Currency" is anything two or more transacting parties say it is. "Goodwill," "reputation," "an understanding that if I do this for you, you'll do something for me later," and the like are all "currencies" in this sense.
In a more tangible sense, soldiers in WWII used unopened packs of cigarettes as currency, even though it had no legal backing whatsoever. In some American cities, street people have used bus tokens and other useful items that could later be exchanged for a needed good or service as currency, again, without legal backing.
I'm not ignoring your last sentence, but until or unless Bitcoin-holders attempt to seek the same status for Bitcoins that non-domestic sovereign-backed currencies have, I don't think there will be a problem. From a legal standpoint, bitcoins are more analogous to limited-edition art prints, where "limited" is a very high finite number and where everyone has the ability to, with some expense on their part, create new prints until the limit is reached. This is only a legal analogy, in practical terms Bitcoins are a lot easier to transfer than a paper art print.
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