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> The value of the transactions over this period are equivalent to "roughly $1.2 billion in revenue and $79.8 million in commissions" and involved 146,946 buyer
by johndevor 13y ago
> The value of the transactions over this period are equivalent to "roughly $1.2 billion in revenue and $79.8 million in commissions" and involved 146,946 buyers and 3,877 vendors.[13]
That was the value transacted on the Silk Road. Quite impressive numbers, given that it was a single site and much of that growth occurring in Bitcoin's less user-friendly days.
- eru 13y agoThe revenue was in bitcoins not in USD. How was it converted? (If at the end, then that overstates the volume quite a lot, given the rise of bitcoin's exchange rate.)