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Comment Re:Bitcoin is vulernable to government manipulatio (Score 1) 396

> Bitcoins strength lies in its ability to be used as a payment processing network - and at a fraction of the cost of traditional payment networks (visa, mastercard, paypal, SWIFT, etc).

It's only fractional the cost for people receiving money. It doesn't cost me anything to send people money using USD.

Comment Re:ONE movie? (Score 1) 366

> There might be /some/ argument that it's depriving the already super rich hollywood producers of their revenue but generally that assumes anyone who pirated something would have otherwise bought it which is certainly not the case. Most piracy is by children who don't have any money and could not have bought the content anyway.

Then do without. Problem solved. Oh wait, this is the 'EVERYTHING SHOULD BE FREE GIMMIE GIMMIE GIMMIE' generation.

Comment Re:Backstory? (Score 4, Informative) 51

I'm not reading a 58 page pdf and the linked blog story is no longer than this summary.

To save others the work, evidently Vimeo employees uploaded videos of people lipsyncing to tracks owned by the labels. Vimeo is trying to claim Safe Harbor protection because they had no way of knowing users were uploading infringing material.

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