Interesting idea, but if you made a site like that with the intent of covering the US and only the US, there would be problems: it's not legal if you're hosting

Interesting idea, but if you made a site like that with the intent of covering the US and only the US, there would be problems: it's not legal if you're hosting it in another country only to bypass restrictions. (ThePirateBay, for instance, is legal because it serves as a hub for countries where torrenting isn't as illegal. If it were an only-US service, then it would be in trouble.) Are there any sites for other parts of the world that already deal in this? Perhaps they would have the biggest opportunity for crossover here.