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Whether a "giant waste of resources" or not, the torrent ecosystem nowadays is nowhere close to what it was a few years ago.

Right, but that's thanks to innovation in the digital media space and subscription models, not necessarily regulatory pressure.

Well, it's a little different. Torrent sites didn't have centralized websites that would literally trade large sums of money for torrents.

Torrents couldn't be used to launder money for corrupt purposes. Anyone in crypto who didn't see this coming was blind or willfully ignorant.