OKAY TIME TO SET EVERYONE STRAIGHT

[farlack]

I think I read silk road does about 1 million a month in transactions, bitpay said they did what was it 2 million in the first few days of march?

[Zaih]

Pretty sure most people know this. But yeh a lot of people are disillusioned by it.

[BitcoinAshley]

Pretty sure most people know this. But yeh a lot of people are disillusioned by it.

Disillusionment is one thing; I think that in many cases we are dealing with "willful ignorance." 

Or perhaps a case of the classic:

[Elwar]

For comparison, BitPay processed $170,000 in May and hit a record of $250,000 in one day with Butterfly’s ASIC launch. BitInstant transferred $1.1 million in April, and MtGox had a trading volume of $18 million these last 30 days, although the latter figure is hardly comparable to the others because the vast majority of Bitcoin exchange trading volume is a result of arbitrage and speculation. Silk Road’s revenue compares even better: while BitPay’s commission of 0.99% brought in $1,700 and BitInstant’s 0-5%, at most $60,000, Silk Road’s average commission of 7.4% nets the site over $180,000 USD per month, exceeding even the $45,000 to $108,000 earned by MtGox.

this is from last year. BITCH!!!!!!!!!!!!!

I do not understand, are you trying to use a statement from last year when BitPay made $170k and Silk Road made $180k to trump the statement that BitPay made $5 million and Silk Road made $2 million...last month?

[eclipse81]

The way I see it is thus-all speculation on Silk Road sales volume is just that, speculation.yes you can use some figures and try to extrapolate from there but is all extreme speculation.Unless DPR comes on and posts up some hard numbers then you are just guessing.HOWEVER-I believe the SR haters out there have to give SR its due when it comes to the part it has and continues to play in the bitcoin world.Because the average SR user doesn't care what price his BTC is, he buys in any market and that is a good thing.A lot of you would like to distance yourselves from the stigma of SR,however doesn't SR epitomize similar things to Bitcoin,freedom and anonymity from centralized non representative authorities.Like has been said before ,if this was 2011 then maybe your statement would hold more weight but at this point SR is not a huge driving force in BTC price IMO.With all that said no matter how you feel about SR or bitcoin I am fairly confident that when bitcoin is written up in the history books Silk Road will be included as a significant part of its formative years.


Also in my opinion the OP gives SR users a bad name with his SRcentric view of the BTC world,but users like Ashley give BTC supporters a bad name with their nasty closed minded attitudes.I know troll feeding is fun but it doesnt need to be so vitriolic.

[meangreen]

For comparison, BitPay processed $170,000 in May and hit a record of $250,000 in one day with Butterfly’s ASIC launch. BitInstant transferred $1.1 million in April, and MtGox had a trading volume of $18 million these last 30 days, although the latter figure is hardly comparable to the others because the vast majority of Bitcoin exchange trading volume is a result of arbitrage and speculation. Silk Road’s revenue compares even better: while BitPay’s commission of 0.99% brought in $1,700 and BitInstant’s 0-5%, at most $60,000, Silk Road’s average commission of 7.4% nets the site over $180,000 USD per month, exceeding even the $45,000 to $108,000 earned by MtGox.

this is from last year. BITCH!!!!!!!!!!!!!

I do not understand, are you trying to use a statement from last year when BitPay made $170k and Silk Road made $180k to trump the statement that BitPay made $5 million and Silk Road made $2 million...last month?

bitpay made $1700 not $170000. silkroad made $180000 cant you read? so its a year old big deal. and another thing elwar FUCK YOU!

[Le Happy Merchant]

BitPay processed $170,000 in May and hit a record of $250,000 in one day with Butterfly’s ASIC launch.
this is from last year.

bitpay made $1700 not $170000. silkroad made $180000 cant you read?

Let me help you out, the ',' is used in some parts of the world as the decimal marker, but in this case it is used to visually separate segments of large numbers so that they can be more easily read. 

But I know you know that, and I know you don't care.

Anyway, read your own words, and try not to live up to your name so closely. You lame-ass troll.