When [Otellini] joined the company in 1974, most people didn't even know what a PC was - From the Wall St Journal 11-11-2004
NOTORIOUS FILESHARING WEBSITE Newzbin2 has shut down, and it blamed a number of factors for closing.
In a note posted to the website and its Wikipedia page, the people that brought Newzbin back from the grave, explained why they are gently laying it back down.
"A combination of several factors has made this the only option", reads a note that introduces talk of poor Usenet indexing, a lack of editors, unstable servers, falling user numbers and payment provider problems.
"Newzbin2 was always hoped to be a viable underground commercial venture. The figures just don't stack up. We reckon [Newzbin] had about 100,000 users and of those only a few 10's of thousands paid premium topups. That still made good money for the Newzbin1 guys," it adds.
"We never quite got the trust and lots of people said 'Newzbin2 is an MPA trap', that stung us bad and we never got the userbase back. We don't have much more than about 40,000 active users and the number of premium users is in the small thousands. It costs much more to run than we bring in. It just doesn't stack up."
The note says that unlike its predecessor, Newzbin2 is 100 percent DMCA complaint and has always responded to takedown requests quickly and simply, but has lost the support of, or access to, payment providers.
"To make things worse all our payment providers dropped out or started running scared. The MPA sued Paypal and are going at our innocent payment provider Kthxbai Ltd in the UK. Our other payment provider has understandably lost their nerve. Result? We have no more payment providers to offer & no realistic means of taking money (no, Bitcoin isn't credible as it's just too hard for 90 [percent] of people)," they explain.
"The tragedy is this: unlike Newzbin1 we are 100 [percent] DMCA compliant. We have acted on every DMCA notice we received without stalling or playing games: if there was a DMCA complaint the report was gone. Period. That was a condition of our advertising & payment partners so we complied but we never got a single complaint from the MPA. Not one."
It has become increasingly difficult to access the website in the UK thanks to the court orders that require that ISPs including BT and Virgin to block access to it, and even today we cannot access the main website through a major ISP. µ
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