isoHunt's Gary Fung Says Bitcoin Can Help End Online Piracy
Online piracy has been on the minds of many thanks to the recent Sony debacle. Those who were torrenting movies and music anytime in the last decade may remember Gary Fung's major contribution to the torrent community: isoHunt, a site much like the Pirate Bay, which shut down last year after Fung made a settlement of $110 million with Hollywood. Fung, who lives in Western Canada, wrote with a great degree of hindsight for TorrentFreak, saying that he envisions a future where streaming is the rule and Bitcoin is the medium of exchange. Also read: BitTorrent Inc. Offers Digital Release....
Related News
Gary Fung, founder of the online torrent files repository isoHunt, believes that in the future, online streaming will be the only outlet for entertainment, and that bitcoin will be the primary method of payment and exchange. A Canadian national, Fung outlined his vision of streaming services through the cooperation and participation of the owners of the presented material: "Technologically, I envision studios and other media companies creating open APIs and platforms so new innovative streaming services can be developed on top. That would solve the studio's fear of single players like....
The connection between content piracy and bitcoin is no different than the connection shared by fiat currency with copyright infringements. Piracy has become a global issue, effecting artists, movie makers, game publishers and others who are into the media and multimedia business. Content piracy amounts to copyright infringement which is a crime. According to the Recording Industry Association of America, music privacy results in over $12.5 billion in economic losses, whereas video piracy amounts to $18.5 billion in a year. It is not just the Hollywood studios and record labels that are....
Jason Fung, the former head of TikTok gaming, exited the fastest-growing social media platform. After his exit, the ex-executive rolled out his new startup on Blockchain gaming. Through his announcement on July 5, Fung stated that he exited TikTok to facilitate the launch of MetaO. He explained that MetaO is a startup that focuses on […]
Pirates beware! Stellenbosch-based anti-piracy startup, Custos Media Technologies, has made a deal with the Technology Innovation Agency (TIA) of South Africa to help it grow and bring their services to a wider market. Under the agreement, TIA will provide a funding injection of 5.9 million rand, or approximately $407,000 USD, into the startup over the....
The European Union’s Intellectual Property (EUIPO) office has stated that Bitcoin and Tor can “hide the proceeds of crime” and hinder anti-piracy efforts. Bitcoin & Tor Threaten EU’s Anti-Piracy Efforts. According to EUIPO, which recently announced that they are working with Europol on a new anti-piracy effort, Bitcoin and the Tor network are two key....