Topic: OKAY TIME TO SET EVERYONE STRAIGHT (Read 5251 times)

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.

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

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.

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?

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

Or perhaps a case of the classic:

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

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?

your a DICKHEAD! I showed that silkroad makes more than bitpay. which is what it was posted for. i dont give a shit about gox numbers. thats like saying the nasdaq is making more than walmart two different animals.

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!!!!!!!!!!!!!

OP, [b]you're fucking wacked dude[/b]! I think you been spending too many coins on SR. SR is nothing in the bitcoin world. At the old idea of them doing 22 mill a year, its  like a small drop in the bucket for BTC. Even if they grew 5 fold since that article its still a drop in the bucket. MtFux does 300 Mill a month in trades. GET THE PICTURE?

Stop doing drugs and get a clue OP. SR is petty to BTC, if it got shut down tomorrow, my guess is that BTC would move only slightly, and probably move up as more people would back BTC if it was used less to buy drugs and guns!!!

Federal banking systems are unconstitutional in the United States. But hey the fed does whatever the lichtenstein holders want.

I know you are but what am I? If you're so convinced that what Elwar said was a lie, go look up the stats yourself and prove him wrong. I dare you. 

You know what? I triple dog dare you. You can't complain about people taking data at face value when you expect people to take your opinion at face value which you haven't actually backed up with any hard data or facts...

By the way, I'm not sure how the BF exchange has anything to do with Silk Road's effect on bitcoin price... but FYI, banks do not follow federal laws. I am surprised that you made such an assertion. For someone who's obviously so well educated and knowledgeable about economics and finance, I'd think you'd realize that banks have been tied to everything from money laundering to LIBOR manipulation to naked shorts for the past god-knows-how-many years. Banks do not follow federal laws, period, end of story. Get a clue.

How can you be so retired meangreen? 

If you believe that your arguement is true, then simply provide your evidence (in the form of some data preferably, rather than an OPINION) which will support your claim. This is all that is being asked of you by the other members.

You surely can't be surprised that everyone doesn't simply take your opinion at face value, when it is completely unsubstantiated; especially when it is a claim that has been discussed many times before, both here and on other places on the internet (and proved to be largely incorrect).

everything you read on the internet is the gospel truth and you are right. i am defeated you win. just like how bitfloor obeys federal laws like a bank ashley. stupid c

How many times can we school him before he gets it through his head?

In March BitPay had over $5 million in sales go through the site. Silk Road had around $2 million.

yes and no.

silk road- is helping bitcoin immensely, helped lift btc out of the unknown, without it we would be at .20Cents

gambling- there are some addicted mother fuckers out there who can not for the life of them quit this addiction and if they can do it legally at home form there computer. well then ya it plays a huge part of it as well

speculation- your telling me that a few hudred thousand people find out that this " the bit coin" thing just made like 2000% profit and made a lot of people rich. ya there buying in.

china- huge market for gambling and a lot of people = rise in bitcoin price.

druggies still gunna use and if you got the money you can have all you want = rise in bitcoins

getting rich- the world but Americans and capitalist societies especially are gunna always want more, MORE MORE MORE MORE MORE MORE MORE RICH BETTER FAST STRONGER NEWER MONEY MONEY MONEY MONEY MONEY!!!! its all they care about and if  you have the chance to make it with BTC then so be it.

the idealist are holding and ya they make a diff but not as much as the top three. if a buisness like money gram or another out side major player like amazon or another on-line retailer said yes to this in a year then we have several factores that would support btc. until then these 3

name me another business that is larger than the silkroad and ONLY uses bitcoin

Huh?

I'm saying it appeared that the actions on Silk Road had no effect.  I assume it didn't go up $100 because the actions on Silk Road had no effect..

Sounds about right. 

Though I am willing to entertain the notion that Silk Road is "carrying" Bitcoin if they had something more than just their say so.  I don't believe it to be the case but it's more believable than some other whacked out theories people have out there.  Probably why it still hasn't died despite no evidence of tight correlation ever being presented to my knowledge.