Let's also throw another possible situation out there. You own a business website that is legit, yet unknown to you your site has been hacked and is partaking in copyright infringement or distribution of copyright material. Your site is now being shutdown, paypal has been frozen, ad revenue frozen etc... How easy do you think it will be to have the situation remedied?
The potential for widespread disruption is just to great, to justify this legislative action, IMO
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