It's like they'll never learn from Suprnova, IsoHunt, OiNK, etc. All have replacements which are lots better than the original. The communities even stay somewhat together in some cases where there's a clear migration path from one just-shutdown site to another with the same ideology. The software also improves in an evolutionary response to law enforcement, so the effect they're actually driving is exactly the opposite of what they want.
On the other hand, things like Spotify show that overwhelmingly, people would rather pay for awesome convenience vs even the minimal effort of something like Popcorn Time. It's been the same story for decades now, from ftp dumps and warez channels to Usenet and torrents to rapidshare and magnet links, they'll never succeed in stamping out piracy.
FWIW, it still exists: http://www.demonoid.pw/. I missed it dearly at first, but I'm currently satisfied between The Pirate Bay, gen.lib.rus.ec, aaaaarg, Monoksop, UbuWeb, Internet Archive, are.na, what.cd, and Karagarga.
On the other hand, things like Spotify show that overwhelmingly, people would rather pay for awesome convenience vs even the minimal effort of something like Popcorn Time. It's been the same story for decades now, from ftp dumps and warez channels to Usenet and torrents to rapidshare and magnet links, they'll never succeed in stamping out piracy.