If I download a movie I know it will always be available and work 100% of the time regardless of internet connection or money. If I delete it after watching, BitTorrent gives me a similar guarantee provided I can be online.
I recently met up with an old roommate who still keeps a NAS with TV shows and movies and he had tons and tons of stuff on there that you simply can't find anywhere. Lot's of old kids shows for his daughter, old stuff that you could only get on MySpleen.
With everyone moving to streaming and not having the wall of DVDs/BluRays/VHS tapes, we have lost something, but stuff isn't on streaming forever. Things rotate out, and fewer people are actually buying media. Even with eBooks, you're paying for a license to see that media for a limited use.
still, you can get much better quality (bitrate, not resolution) via torrents, which is why i don't use streaming sites.
It's a far cry from the early days, when you'd start downloading an album of compressed mp3s on LimeWire, and hours later realize you got some pieces corrupted and they wouldn't play.
Not really. The admins called it quits because they didn't feel like continuing.