He says "It is btw a Ponzi game and a conduit for criminal/illegal activities" Bitcoin's first "killer app" was clearly silk road which was doing ~$40m/yr (1)

He says "It is btw a Ponzi game and a conduit for criminal/illegal activities" Bitcoin's first "killer app" was clearly silk road which was doing ~$40m/yr (1) and the criminal economy for drugs alone is in excess of $320 billion (2). If you were to model a future where BC's primary use is for criminal/illegal activities I wonder what the value would look like? Of course providing the allowance that the Overstock's / pubs / merchants continue to provide the smokescreen to allow BC's to be socially / regulatory acceptable. (1) http://www.dailydot.com/business/silk-road-monthly-sales-black-market-drugs-study/ http://www.dailydot.com/business/silk-road-monthly-sales-bla... (2) https://www.unodc.org/toc/en/crimes/organized-crime.html https://www.unodc.org/toc/en/crimes/organized-crime.html