As it happens, I did that calculation last night: If SR facilitates $70K per day... | Hacker News

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wmf on April 11, 2013 | parent | context | favorite | on: Mtgox stops trading for 12 hours

As it happens, I did that calculation last night: If SR facilitates $70K per day of business and funds are escrowed for 5 days, that’s $350K in escrow at any moment; dividing by 11M BTC gives a value of around 3 cents/BTC. I don't think there's any way to get $30 from there.

powertower on April 11, 2013 [–]

That's too simplistic of a calculation. How many bitcoins are being stored on SR addresses? How many bitcoins are sold by the sellers on SR? etc.

The notion that SR is responsible for 2-3 cents of bitcoins run-up in the last 2 years ... something not right about that figure.

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