I mean do you think a bitcoin analyst is going to come here and address whether or not there position if this or factual or not? I personally am not an analyst so I can’t speak to how accurate any of this though it obviously doesn’t sound believable. I mean we can garner from asset seizure values at time arrest of admin relatively accurately. Ross has made about 30 million by the time of his arrest, that happened over a period of two years. Made 10% off each transaction that means that roughly a third of a billion went through the site. Many less successful over the same time period and what four major busts while 3-4 sitesoperating at those times of major successful markets. Let’s say 3 markets running concurrent to the major ones making 30% of 30 million each. . 2 or 3 that exited without bust that were major.
Added together were roughly talking about only a few billion dollars in transactions over just under a decade. Which only accounts for a fraction of market of total bitcoin.
All of these numbers are ballpark but yeah man seems plausible that is true. Yet estimates of total revenue of drug activity globally is 10’s of billions annually. Are those guys swapping cash for bitcoin to hide their stash and move elsewhere? Who knows man cuz there will never be completely accurate numbers on illegal activity.
You’re right, I didn’t know this sub was here until now & I was posting about my take on the article in hope of discussion, whereas the post you are referring to is just linking the post with a bit of context.