Torrent Meltdown Options

[Harkonnen]

• More than 50% of torrents tracked through the Pirate Bay
• If shut down, remaining trackers will fail if forced to take over the slack of directing 20 million concurrent connections
• Torrent filesharing in its current scale grinds to a halt

• 50-80% of global internet traffic in bulk data estimated to be torrent packets

So, when the Pirate Bay shuts down, effectively up to 80% of packets whipping around the internet will dry up? Is there a flaw in my logic train here? This just seems like it could be a massive event to internet infrastructure but I haven't really heard much about it.