Ninjastic
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Board Speculation
Re: How long before the price tanks sharply because Silk Road is down?
by
GeoRW
on 14/11/2012, 06:49:47 UTC
Quote from: niko on November 10, 2012, 11:07:54 PM
Quote from: ElectricMucus on November 10, 2012, 08:38:13 PM
Quote from: niko on November 10, 2012, 07:12:46 PM
SR volume is a tiny fraction of Bitcoin economy. There are convincing estimates based on the academic study of SR published about four months ago.

I call bullshit on that. If you were writing the truth you'd cite that study in detail. But you didn't.
Two million per month. http://arxiv.org/pdf/1207.7139v1.pdf

That, and welcome to my "ignore" list.




A surprising result is the tight coupling between Silk Road and the Bitcoin market – the daily sales on Silk Road correspond to almost 20% of the average daily volume of USD-BTC exchanges on Mt.Gox, the largest exchange forum.

Doesn't look like SR volume is a tiny fraction of bitcoin economy  Wink