'Tor and Bitcoin Hinder Anti-Piracy Efforts' (torrentfreak.com)
An anonymous reader writes: A new report published by the European Union Intellectual Property Office identifies a wide range of 'business models' that are used by pirate sites. The organization, which announced a new collaboration with Europol this week, signals Bitcoin and the Tor network as two key threats to ongoing anti-piracy efforts. According to the research, several infringing business models rely on encryption-based technologies. The Tor network and Bitcoin, for example, are repeatedly mentioned as part of this "shadow landscape." "It more and more relies on new encrypted technologies like the TOR browser and the Bitcoin virtual currency, which are employed by infringers of IPR to generate income and hide the proceeds of crime from the authorities," the report reads.
No one I know has ever paid money for pirated media. That's kind of the entire point. What is this drivel about business models?
Urgh. Sometimes governments really get stupid when it comes to translating common sense to any concept that happens to be "...on a computer."
Actually, they are floating plans to ban cash too. Bitcoin is just online cash, so the impetus to ban both would be largely the same.
And, yes, this means they want complete control of every aspect of every piece of commerce that happens among their subjects.
My God, it's Full of Source!
OUTSIDE_IP=$(dig +short my.ip @outsideip.net)
It is probably more accurate to say TECHNOLOGY hinders anti-piracy efforts.
Laws are rules for the court, but merely a bottom bar to hit for life. Think beyond laws in your actions always.
Actually, Day One for Bitcoin was buying two pizzas for 10,000 BTC, and that was 18 months after the network first booted up. Until then it was just a cryptographic curiosity. The Silk Road prosecution revealed that only 4% of bitcoin transactions were used on their black market to buy drugs and other nefarious purposes. That's not much higher than the ratio of illicit drugs to GDP worldwide (3%), and is far less than the total underground economy in the US (20%). The underground economy = black market (illegal) + off the books economy (nominally legal but not reported).
Good old cash is still by far the preferred choice for illegal activity. That's why over 70% of hundred Dollar bills are overseas:
http://www.npr.org/sections/mo...