By law, if fedoracoin hosts the magnet links to illegal content, the fedoracoin blockchain would be "Aiding and abetting" the dissemination of the said illegal content. And if the "They" find it impossible to destroy the said blockchain, they would just buy off the remaining coins and burn them, wouldn't take a tenth the budget of a feature film to stymie it, thus block further/newer magnets from being posted. I'd repeat, the best solution to the torrent issue is a totally decentralized and distributed system. Either use the peer discovery system by bitmessage/openbazaar, or hop onto the maidsafe network. A blockchain is definately the last place you'd want to host links to illegal content, its a centralized entity, no matter the distribution, its still a single database.