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Where are you getting these prices from? Bitcoin definitely was not $0.10 at any time during the operation of Silk Road. Here's a chart: https://blockchain.info

Where are you getting these prices from? Bitcoin definitely was not $0.10 at any time during the operation of Silk Road. Here's a chart: https://blockchain.info/charts/market-price?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address= https://blockchain.info/charts/market-price?timespan=all&sho... Most of the time, it seems to be around $10. Of course, if he kept his earnings in Bitcoins (which he did), then they would fluctuate with the market price.. to about $120, which was about the market price when he was arrested. And the truth is, Bitcoin's price was above that amount for most of 2013, and all of 2014, and today it stands above that price. So he could have sold his Bitcoins for even more than $120.

hurin 12y ago
Future potential incoming isn't an estimate of market-price of goods. We are discussing the size of the drug business, not their potential gain as investors in Bitcoin (that would be investment income). Sure it's not $0.10, it's $0.7 - and yes the price is mostly around $10 - which is my point; that the estimate they given is incredulous unless literally 95% of their transactional volume over 2 years occurred between April 2013 - July 2013.
- rgbrenner 12y ago
  yes the price is mostly around $10 - which is my point Ok.. thanks.. that was my point. The FBI estimate might be off by an order of magnitude, but the amount you made up was off by TWO orders of magnitude. At least the FBI estimate had some tie to reality (the value at the time he was arrested).