You are a good boy!!
He kinda has a point. The only reason I can think this new venture is so anal about encrypting every damn file you put up is so that nobody can see what files you're sharing illegally unless you let them.
Either that or he's misspelled 'piracy' as 'privacy' as the new company strapline.

I could use Dropbox the same way, only difference is the amount of free space available.
True, but Dropbox isn't the reincarnation of a site that was shut down for flagrant copyright infringement.