hahahahahaha Did you guys see this yet.

[franky1]

many fails in that research

EG

had sales of $1.2 billion, generating $80 million in commissions

so silk road was charging 15% commission?? really.. i have never been on silkroad but just looking at the 15% commission that these "researchers" propose DPR received seems a little .. wrong

secondly bitcoins. unless lost due to hardware failures or hoarded and never spent. will circle through many peoples hands. its not like a bank note that gets burned and a fresh serial numbered note appears as a replacement. once the coin is mined and in the system, its in the system forever. so of course coins from the earlier days will appear going through silk road. what they dont tell you is that it probably passed through 100+ different people before reaching a drug addict that needed silk roads services.

[beetcoin]

many fails in that research

EG

had sales of $1.2 billion, generating $80 million in commissions

so silk road was charging 15% commission?? really.. i have never been on silkroad but just looking at the 15% commission that these "researchers" propose DPR received seems a little .. wrong

secondly bitcoins. unless lost due to hardware failures or hoarded and never spent. will circle through many peoples hands. its not like a bank note that gets burned and a fresh serial numbered note appears as a replacement. once the coin is mined and in the system, its in the system forever. so of course coins from the earlier days will appear going through silk road. what they dont tell you is that it probably passed through 100+ different people before reaching a drug addict that needed silk roads services.

inflated numbers i bet. they probably multiplied the total number of bitcoins ulbricht had, and multiplied it by the then present value of bitcoins and got that $80 million number.

they are saying that 100 bitcoins = $100 USD is the same as 1 bitcoin = $100 USD.