All posts made by elkrisi in Bitcointalk.org's Wall Observer thread



1. Post 10194166 (copy this link) (by elkrisi) (scraped on 2020-04-04_Sat_13.50h):

Quote from: YourMother on January 17, 2015, 11:43:10 PM




Nothing to add...

United Nations Office on Drugs and Crime: Afghanistan opium plantations now 154,000 hectares.

World Wide Annual Turnover of Narcotics: $500 billion

Silk Road Turnover: $1.5 billion

Total BTC market cap: $2.8 billion

Hmmm... It seems that Silk Road accounts for a whopping 0.3% of annual drugs turnover...

I guess the remaining $498.5 billion are paid in DOGE

I'm fed up with every moron pointing the figure to BTC for drugs / crime activities as if crime didn't exist prior to Satoshi.

Idiots should be reminded that for the last 4,000+ years humans commit crimes in quest of government sanctioned, centrally controlled, totally policed, perfectly legal, court supported, fully banked  F I A T   M O N E Y.

One of myriad sources:
http://www.globalresearch.ca/the-spoils-of-war-afghanistan-s-multibillion-dollar-heroin-trade/91

And since this thread is about the price of Bitcoin, it seems to me that BTC must be VERY unattractive to drug tycoons.
If only 10% of the drug volume decided to use Bitcoin, we should easily see BTC @ $2,000






2. Post 10281281 (copy this link) (by elkrisi) (scraped on 2020-04-04_Sat_13.53h):

Quote from: NotHatinJustTrollin on January 27, 2015, 06:27:09 PM


The astronaut here cannot possibly be hurt as his suit can well protect him from electric shocks.
Important to understand the risks...



3. Post 10353866 (copy this link) (by elkrisi) (scraped on 2020-04-04_Sat_13.56h):

Suppose that the USD supply was limited to just 21.000.000 USD for the whole planet and the whole existing money supply.

Given that the USA current debt ceiling is standing at 16 TRILLION USD, just to cover this debt alone, the value of each "limited supply dollar" would have to be 761,904 "unlimited supply dollars".

It seems to me that in the long term there can only be two possibilities: either bitcoin will just disappear or remain the play-money of a very limited geek group or will rise in value to the six digit value against the "unlimited supply dollars".