Derived from a combination of "paedophile" and "paranoia" - used to describe the closure of a service, website, etc. because of the potential fear that it MIGHT be abused by paedophiles.

A bit like closing down your car dealership because you're afraid one of your customers MIGHT run someone over.
Paedonoia caused the closure of yet another internet service today.
by Mikky April 03, 2004

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