There Is No Connection between Content Piracy and Bitcoin: an Opinion
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....
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Popular BitTorrent client Frostwire has integrated an experimental mechanism that will allow users to donate bitcoins to torrent sharers. In addition to bitcoin, the same mechanism can be used for litecoin, dogecoin and even PayPal. FrostWire believes the idea will allow small content creators to easily monetize their content simply by getting tips from those who download it using the P2P client. Needless to say, Big Content is probably not thrilled by the prospect of decentralised content markets, let alone the fact that the technology could even be used to monetize piracy. However, that....
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....
Ever since the Internet came around, one of the biggest concerns has always been regarding copyright and the impact of online piracy on the earnings of content creators. Over the years, services such as Napster and Gnutella have come and gone, resulting in people legally buying music through platforms such as Itunes, or listening to internet radio via....
Custos Media Technologies, a Stellenbosch, South Africa-based company that uses the blockchain to fight media piracy, has raised $265,000 USD in seed funding from Digital Currency Group (DCG) and a South African private investor, according to Ventureburn.com. The company uses technology that watermarks bitcoin into a piece of media that it tracks in the blockchain to identify infringements. The system uses crowdsourcing to provide a bounty to downloaders who identify pirates. Content creators and distributors can embed an identifying code into each piece of content that they provide to a....
A digital publishing solutions startup has created a new use for Bitcoin bounties, which turns cyber criminals on themselves and can flag media piracy in 45 seconds. Bitcoin Bounties Turn Criminal On Criminal. Operating with digital content from ebooks to video and audio, UK-based Custos Media Technologies aims to prevent copyright infringement and piracy of ebooks by embedding bitcoins in digital media content. In so doing, Custos is hoping to stamp out fraud while providing a better alternative to the industry than the options currently used, specifically so-called “hard digital rights....