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Over the years, there have been efforts to shut down the Reddit piracy megathread, including:

The Reddit piracy megathread is controversial because it facilitates access to pirated content, which can harm the intellectual property rights of creators and copyright holders. Many copyright holders, such as movie studios, record labels, and software companies, consider piracy a significant threat to their businesses.

Yes. It turns "illegal downloading" from a risky hobby into a sterile, efficient, library-like experience.