While Bitcoin’s Value Goes Unstable, TPB Decides To Accept Donations In The Form of Bitcoins

While Bitcoin’s Value Goes Unstable, TPB Decides To Accept Donations In The Form of BitcoinsAlthough the Bitcoin devalued last week (dropping to approximately $80 per Bitcoin), the world’s most famous BitTorrent tracker, The Pirate Bay, is now allowing people to make donations via Bitcoins.

It’s been nearly 10 years since The Pirate Bay opened its gates to the public. The portal’s revenues relied solely on advertising banners, but now it’s time for a change. In light of world-wide efforts to sink the ship, the black-flaggers adopted a new strategy – that of increasing their revenues by enabling people to make donations in the form of Bitcoins.

The decision, however, could prove to be a double-edged sword; on one hand, the Bitcoin is hard to trace and/or seize due to its nature, but, on the other, the transparency of Bitcoin donations may constitute a downside. Time will tell whether TPB made the right call or not.

Aside from this “issue”, if you decide to make a donation, you should know that all Bitcoin transactions work on a simple yet secure rule: money goes from one anonymous peer to the other.

Meanwhile, plenty of other services chose to use the Bitcoin, including EZTV, ezRSS, OpenBitTorrent, PublicBitTorrent, Zoink, Torrage, and iStole.

A day after TPB embraced the currency, people started to make donations, summing up to 5.56 BTC.

via: TorrentFreak