One year ago, The Pirate Bay released its very own ‘crypto’ token out of the blue. There was no official whitepaper for this soft launch, but the torrent site envisioned the ‘coin’ being used to access VIP content or donate to uploaders. Thus far, nothing has come of it. People don’t seem interested in the ‘project’ and the price continues to drop.
The cryptocurrency landscape has been hit hard this week.
Bitcoin is down more than 50% from its high a few months earlier and even some ‘stablecoins’ have started to disintegrate.
This type of volatility is not unexpected and the early adopters have already lived through a few of these crashes. This includes The Pirate Bay.
The notorious torrent site is somewhat of a crypto pioneer. In 2013, it was one of the first to add support for Bitcoin donations, with Litecoin and Monero following shortly after. Later on, TPB also popularized website-based mining, something that not all users were in…