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I wonder how easy it would be to build a distributed torrent aggregation service on top of Ethereum. Something similar to what openbazaar is doing.

What would the point of using Ethereum be?

Ethereum will eventually be about more money, power and influence than Hollywood thus impossible to take down.

I think revicon was getting at using a decentralized system to track magnet URIs.

Correct. Because it's decentralized it's not susceptible to being taken offline by a single blocked site